Swiggy has committed to increase the use of electric vehicles in its fleet and cover at least eight lakh kilometers per day through EVs by 2025. Swiggy has signed an agreement with Reliance BP Mobility Limited (RBML) to build an EV ecosystem and battery-swapping stations for its delivery partners across the country.

The food platform has partnered with e-cycle manufacturer Hero Lectro and last-mile delivery player Fast Dispatch Logistics to enable end-to-end Swiggy orders through cargo e-cycles.

• Nestle India Stocks Gained 3% on Q4FY24 Business and Financial Updates
• Rail Vikas Nigam Shares Gain 3% on Securing Project Worth Rs 239 Crore 
• Macrotech Shares Slump 4% on Weak Q4 Report 
• RITES Shares Gain 2% on Signing MoU for Rail Infrastructure Projects
• Stocks Under F&O Ban: Aditya Birla Fashion, Hindustan Copper, and Others

Hero Lectro Cargo e-bikes are designed explicitly for last-mile deliveries and can travel at a maximum speed of 25 mph with a range of 70 to 75 km per charge, making them ideal for short-distance deliveries.