Battery Smart, a company that operates a network for swapping batteries supporting electric two and three-wheelers, has announced a strategic alliance with Zepto, a rapidly expanding e-grocery and quick commerce service in the country.
In this collaboration, Battery Smart aims to offer Zepto’s EV delivery partners access to its extensive network of over 1,000 battery swapping stations across more than 30 cities. This will facilitate two-minute battery swaps for the delivery partners.
Moreover, the partnership will allow Zepto to integrate 10,000 new electric vehicles into its fleet during FY25. Several last-mile delivery partners in India are converting their two and three-wheeler delivery fleets to electric vehicles. That’s because they understand the substantial economic and environmental advantages of shifting towards electric mobility.
At present, EVs account for a significant 20% share in India’s last-mile delivery market. That is in line with the government’s goal of reaching 30% electrification of the nation’s vehicle fleet by 2030.
Vikas Sharma, COO of Zepto, commented:
Our association with Battery Smart gives us access to the country’s largest network of battery swapping stations. It ensures our delivery partners are always in proximity to a swap station, with zero wait time. This will also empower partners to save time, complete more deliveries, and ultimately increase their earnings.
Existing and new delivery partners have the opportunity to lower their capital expenditure by buying EVs without batteries and utilizing Battery Smart’s Battery-as-a-Service (BaaS) model. This approach significantly improves the affordability and accessibility of electric mobility for them.
Yogiraj Gogia, Senior Director of Partnerships and Fleet Business at Battery Smart, said:
Zepto’s growth over the past year has been remarkable. And now, with access to our growing network of swap stations, we look forward to seeing it scale even further by deploying more EVs to its fleet.
About Battery Smart
Serial entrepreneurs and IIT-Kanpur alumni co-founded Battery Smart, an Indian battery-swapping network designed for electric two and three-wheelers. The company aims to simplify, make economical, and enhance the accessibility of EV adoption through a distinctive partner-led model. Battery Smart has executed over 35 million battery swaps, established more than 1000 swap stations, and collaborated with over 45,000 vehicles in 30+ cities.