Zomato Makes Another Move Toward 'Sustainable' Food Deliveries: This EV Company Set To Benefit

EV startup Sun Mobility on Monday announced partnering with Zomato to help the food delivery giant power 50,000 EV two-wheelers. The move is a step towards Zomato’s goal of 100% EV adoption by 2030.

The partnership will see SUN Mobility provide its battery swap solutions for last-mile deliveries. The initial fleet deployment is to start in the National Capital Region.

See Also: Why Paytm Shares Are Up Today

The EV firm’s CEO Anant Badjatya said that with this deployment the company will be able to reduce its carbon footprint by 5,000 MT/month. The food delivery startup’s COO Mohit Sardana said that the association with SUN Mobility to swap batteries will accelerate the transition to EV-based deliveries.

It will further help the company achieve its goal of a “sustainable Zomato for customers, delivery partners, employees, and the planet.”

Price Action: Zomato shares were up 0.47% to trade at ₹50.87% in the afternoon hours of trading on Monday.

Read Next: Delhi Budget: Why These EV Stocks Are Surging Today

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EV BatteryEVsFood DeliverySun MobilityZomato