logo
Zomato introduces e-bike rental fleet for delivery partners in Delhi

Zomato introduces e-bike rental fleet for delivery partners in Delhi

Time of India06-06-2025

In a major step towards
sustainable logistics
, Zomato has launched a rental fleet of 300 electric bikes exclusively for its delivery partners in Delhi, marking World Environment Day with a strong push for cleaner last-mile mobility.
The initiative, inaugurated by Delhi Police Special Commissioner Ajay Chaudhary, enables delivery workers to rent electric vehicles (EVs) as an alternative to petrol-powered motorcycles. The move aims to cut carbon emissions associated with food delivery and make sustainable mobility more accessible to gig workers.
The programme is aligned with Zomato's long-term sustainability goals, including achieving 100 per cent EV-based deliveries by 2030 and net zero emissions by 2033. As of March 2025, Zomato had over 37,000 active EV delivery partners, who collectively helped avoid nearly 4,900 tonnes of CO₂-equivalent emissions in FY25.
Zomato's Chief Sustainability Officer Anjalli Ravi Kumar emphasised that the programme is designed to meet delivery partners' need for cost-effective and eco-friendly mobility options. 'Our rental model not only reduces running costs but also ensures vehicles are optimized for food delivery,' she said.
Zomato plans to expand the pilot based on adoption rates in Delhi-NCR, supporting the Delhi government's EV vision and reinforcing its broader sustainability framework, which includes climate-conscious deliveries, waste reduction, and inclusive growth.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Aviation foray: Zomato's Deepinder Goyal backs LAT Aerospace, aims to disrupt regional air travel with compact air-stops
Aviation foray: Zomato's Deepinder Goyal backs LAT Aerospace, aims to disrupt regional air travel with compact air-stops

Time of India

time9 hours ago

  • Time of India

Aviation foray: Zomato's Deepinder Goyal backs LAT Aerospace, aims to disrupt regional air travel with compact air-stops

Zomato co-founder Deepinder Goyal is venturing into the regional aviation space with LAT Aerospace, a startup that aims to redefine short-haul air travel in India, according to a LinkedIn post by LAT co-founder Surobhi Das. 'While building Zomato and flying across India, Deepinder and I kept circling back to the same question: Why is regional air travel still so broken—expensive, infrequent, and mostly out of reach unless you live in a metro?' Das wrote, quoted PTI. India has over 450 airstrips, but fewer than 150 see regular commercial operations. That means nearly two-thirds of the country's aviation potential remains untapped, even as millions in Tier 2 and Tier 3 cities spend hours—sometimes days—travelling by road or rail, the post added. Outlining the vision for LAT Aerospace, Das said the company envisions 'buses in the sky—affordable, high-frequency, and designed to connect the places the airline industry overlooked.' The startup plans to build 'air-stops'—compact takeoff and landing zones, no bigger than a parking lot—closer to residential areas. 'No chaos. No security lines. Just walk in and fly,' she said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Delhi govt to deploy joint teams to enforce fuel ban on ELVs
Delhi govt to deploy joint teams to enforce fuel ban on ELVs

New Indian Express

time2 days ago

  • New Indian Express

Delhi govt to deploy joint teams to enforce fuel ban on ELVs

NEW DELHI: The Delhi government is set to deploy joint enforcement teams from the transport department, traffic police, and MCD at fuel stations to implement the ban on refuelling end-of-life vehicles (ELVs) from July 1. These teams will monitor compliance on the ground and impound any vehicles found violating the directive. 'We will deploy a team comprising transport and traffic police officials at each of these fuel stations. They will ensure that there is no law-and-order problem while implementing the system,' said Ajay Chaudhary, Special Commissioner (Traffic), Delhi Police. End-of-life vehicles are those that have crossed their permissible age limit, 10 years for diesel and 15 years for petrol vehicles. As part of a phased regional strategy to reduce vehicular emissions in the national capital region (NCR), these end-of-life vehicles (ELVs) will no longer be allowed to refuel at any of the city's fuel stations. Authorities have equipped nearly 500 petrol and CNG pumps in the capital with Automated Number Plate Recognition (ANPR) cameras. These high-speed systems automatically scan vehicle registration plates and verify them against the VAHAN database to identify outdated vehicles. Once flagged as EoL, the system alerts fuel station operators to deny fuel and logs the violation for enforcement action. Penalties for owners of such vehicles include fines of `10,000 for four-wheelers and `5,000 for two-wheelers, along with towing and parking charges. Additionally, owners must submit a written undertaking confirming the vehicle will be removed from Delhi and not used in public spaces. The crackdown won't stop at fuel denial. EoL vehicles found parked or moving in public areas will be impounded immediately and sent for scrapping at Registered Vehicle Scrapping Facilities (RVSF). A no-objection certificate (NOC) will be mandatory for transferring such vehicles out of Delhi within a year of expiry. Enforcement teams, composed of transport and traffic police, will conduct regular drives to locate and remove EoL vehicles, while daily reports will be forwarded to the Commission for Air Quality Management (CAQM). Over 62 lakh overage vehicles registered in capital With over 62 lakh overage vehicles registered in Delhi, 41 lakh of them two-wheelers, the directive aims to improve compliance with previous Supreme Court and NGT orders. The policy will extend to five high-density NCR districts, Gurugram, Faridabad, Ghaziabad, Gautam Budh Nagar, and Sonipat, by Nov 1, and to the rest of the NCR by April 2026.

Big FOMO! Investors bring Rs 1.8 lakh crore to Rs 15,600 crore IPO party
Big FOMO! Investors bring Rs 1.8 lakh crore to Rs 15,600 crore IPO party

Economic Times

time2 days ago

  • Economic Times

Big FOMO! Investors bring Rs 1.8 lakh crore to Rs 15,600 crore IPO party

The Indian IPO market experienced a robust week, with five IPOs collectively receiving bids exceeding ₹1.85 lakh crore. HDB Financial's IPO stood out, attracting significant institutional interest and becoming the largest NBFC public issue since Zomato. Improved market sentiment fuels this IPO surge, with numerous companies preparing to enter the primary market, anticipating favorable subscriptions and listing gains. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: One of the busiest weeks in the Indian market for initial public offerings ended on a strong note, with all five issues launched over the past five days witnessing robust investor demand, especially from IPOs of HDB Financial Services, Kalpataru, Ellenbarrie Industrial Gases, Sambhv Steel Tubes and Globe Civil Projects received bids totalling more than ₹1.85 lakh crore, nearly 12 times the ₹15,600 crore worth of shares they are offering to ₹12,500 crore HDB Financial IPO-the largest public issue by a non-banking financial company-closed Friday with investors bidding for 16.69 times the shares the company is offering. It received bids worth ₹1.52 lakh crore, the highest among billion-dollar Indian IPOs since Zomato's issue four years ago. The company is offering to sell 130.4 million shares, while the demand is for 2.18 billion institutional buyers (QIBs) put in bids for 55.47 times the shares reserved for them. Retail investors bid for 1.41 times their portion, while the non-institutional, or HNI, category received subscriptions for 9.99 Steel Tubes' ₹540 crore IPO, which also closed on Friday, was subscribed 28.46 times. The QIB category was subscribed 62.32 times, non-institutional category by 31.82 times and the retail investor portion by 7.99 ₹1,590 crore IPO of Kalpataru received bids for 2.26 times, while Ellenbarrie Industrial Gases' ₹852-crore issue got 22.19 times and Globe's ₹119 crore issue received 86 three issues closed bankers said institutional investors, mainly mutual funds and foreign investment vehicles, were among those most actively bidding for the IPOs."Domestic institutions such as mutual funds are flush with liquidity and are finding IPOs an additional avenue to invest currently, apart from investing significantly in the secondary market. Even the FPIs are actively investing in good quality IPOs," said Kotak Investment Banking MD V Jaya dozen companies have raised close to ₹45,300 crore through IPOs so far in 2025, according to The improved stock market sentiment is encouraging more companies to hit the primary market."As the primary market moves in tandem with the secondary market, this may translate into more launches with better subscriptions and listing gains in the current bullish environment," Prime Database Group MD Pranav Haldea said. "The retail interest in upcoming issues will likely hinge on the prospect of listing gains."Haldea said IPOs worth ₹2.5-3.0 lakh crore are in the pipeline, including those that have received regulatory approval, those awaiting the regulator's green signal, and those set to file the IPO documents in the coming weeks. As per data from at least 73 companies have received approval from the Securities and Exchange Board of India to launch IPOs, with the total amount to be raised estimated at ₹1.2 lakh crore. Another 70 companies have filed draft red herring prospectus with Sebi and may raise another ₹99,500 crore.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store