Swiggy plans to adopt 100% EVs by 2030

Swiggy has announced plans to transition its delivery fleet to 100% EVs by 2030.

Alongside the EV initiative, Swiggy will also promote responsible packaging and aims to skill or reskill 1 million workers across its value chain by 2030.

Swiggy has been adopting EVs since 2021, partnering with Reliance BP Mobility and launching its Swiggy XL EV three-wheeler fleet in Gurugram last year.

This supports India’s 30% EV goal by 2030 while helping Swiggy boost efficiency and reduce delivery costs.

Recent Swiggy developments

Timeline
03-Mar-2025 📉 Swiggy shares hit all-time low of $3.63 Swiggy shares hit all-time low, down 5% Zomato shares also decline by 3% amid market downturn
19-Feb-2025 📈 Swiggy shares jump 7%, market cap hits $10.1b Swiggy shares rise 7% to 370.90 rupees Market cap increases to ₹83,576 crore (US$10.1B)
12-Feb-2025 💰 Swiggy adds 2% fee on restaurant orders Swiggy to impose 2% fee on all orders Restaurants express concerns over new charge
10-Feb-2025 📉 Swiggy stock hits 52-week low after Q3 loss surge Swiggy shares fall 6% to ₹359, a 52-week low Market cap drops to ₹82.795 crore after earnings report
07-Feb-2025 📉 Swiggy shares hits 52-week low as Q3 losses widen Swiggy’s net loss rises to ₹799 crore in Q3 Revenue up 31% YoY, driven by Instamart growth

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Recent Swiggy developments

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