How To: Sun Mobility will charge 15,000 electric bikes of Swiggy, know how?


New Delhi : Swiggy, an online food delivery company in India, has made a big deal. Swiggy has joined hands with Sun Mobility to reduce pollution and increase electric mobility in the country. Online food delivery platform Swiggy said on Tuesday that it has entered into an agreement with Sun Mobility. Under this, Sun Mobility will provide charging facility to Swiggy for more than 15,000 e-bike fleet over the next 12 months. According to a statement, with this initiative, Swiggy will be able to reduce carbon emissions by 20,000 tonnes every year.

swap facility

The statement further said that through this partnership, Swiggy’s e-bike fleet will get access to Sun Mobility’s state-of-the-art battery swapping technology and battery swapping stations. The company said that this will save them up to 40 percent on the cost of running the vehicle, which will have a positive impact on their earnings. The move is in line with Swiggy’s commitment to cover eight lakh kilometers per day by 2025 through electric vehicles.

Company will bring IPO

Preparations have started for IPO to be listed in the stock market. There is news that soon the company can bring its IPO. Its speculations started only when Swiggy CEO Sriharsh Majeti said during the month of May that now Swiggy’s food delivery business has started earning profits. This was the first time in 9 years that there was any news of profit from the company, as the company’s loss in 2021-22 was around Rs 3,629 crore.

IPO preparations started

News agency Reuters has come to know from sources that Swiggy has started preparations to bring IPO. The company is focusing on getting listed in the stock market in the year 2024. Please tell here that Swiggy’s rival company Zomate is already listed in the stock market. Because of this also, Swiggy has started emphasizing on the preparations to be listed in the stock market.

Talking to eight banks

According to the report, the company is talking to about eight banks in India for its valuation to bring the IPO. It is worth noting that Swiggy last raised funds from the market in the year 2022. At that time the valuation of the company was $10.7 billion. But in view of the bad conditions of the market and the rest of the deteriorating Indian startups, the company had postponed its IPO plan for a few days, but now once again the buzz about Swiggy’s IPO has increased.

Swiggy was established in 2014

Swiggy is India’s largest and most valuable online food ordering and delivery platform. It was established in 2014 and is headquartered in Bangalore. Swiggy is working in 100 Indian cities. Swiggy expanded to general product delivery in early 2019. There is an instant grocery delivery service called Swiggy Instamart, which delivers food items to your doorstep in 15-30 minutes. The CEO of Swiggy is Srihari Majety. The company has more than 8,000 employees.

ordering food from swiggy has become expensive

Ordering food items from Swiggy has become costlier from April 2023. In fact, online food delivery platform Swiggy has started charging a platform fee of Rs 2 per food order from all users irrespective of the cart value. The company informed that additional charges are being levied on food orders only on the main platform and it does not apply to Instamart users. The platform fee is a nominal flat fee charged on food orders, a Swiggy spokesperson said in a statement. This fee helps us operate and improve our Platform and enhance App features to provide a seamless App experience.

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