Last Updated on Jun 16, 2022 by Nikitha

With Jio- bp’s electric vehicle, your next delightful Zomato order is ready to be delivered! 

Zomato Ltd has inked a pact with Jio-bp to electrify Indian roads, accelerating the company’s objective of having a 100% electric vehicle (EV) fleet by 2030. Jio-bp will provide EV mobility services to the food aggregator and access to branded ‘Jio-bp pulse’ battery switching stations for last-mile delivery. 

Why is EV gaining traction?

According to the Mordor Intelligence report, the Indian electric vehicle market is expected to reach the US $15,397.19 bn by 2027, with an estimated compound annual growth rate (CAGR) of 47.09% during the forecast period (2022-2027). This gives good leverage to Reliance Industries Limited (RIL) and Jio-bp to facilitate the electrification of Indian roads with EVs.

Jio-bp driving the EV wave!

Jio-bp is moulding an ecosystem that will benefit the all-electric vehicle value chain and stakeholders. Previously, Jio-bp built and launched two of India’s largest EV charging stations. 

The Jio-bp pulse brand represents the JV’s electric mobility company, which provides charging infrastructure to Indian consumers. This is a significant step in India’s mobility roadmap, as customers can now use the Jio-bp pulse mobile app to identify nearby charging stations and charge their EVs seamlessly.

Zomato follows Amazon and Flipkart

Zomato joins EV100, a global campaign of firms dedicated to transitioning their fleets to electric vehicles by 2030, following in the footsteps of Amazon and Flipkart. As a result, the Jio-bp relationship will assist them in resolving the last mile delivery challenge with high-performance batteries that provide an improved on-road range!

The partnership is anticipated to speed EV adoption in India’s fast-increasing delivery and transportation sectors!

So, whether it’s ordering scrumptious Biryani or finger-licking burgers – it’s all convenient in a sustainable way with Zomato x Jio-bp now. 

And, in case you’re wondering what impact this partnership has on the two businesses? #Tickertapehaina, start screening stocks using Tickertape’s Stock Screener, keep an eye on upcoming market trends and choose top stocks to add to your investment portfolio. Easy!

Neera Bhardwaj

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