Quick-commerce startup Zepto has forged a significant partnership with electric mobility firm Yulu, transitioning to an all-electric vehicle fleet for its last-mile deliveries. This collaboration is set to benefit both companies, with Yulu expanding its hyperlocal delivery services in key cities and Zepto electrifying its delivery fleet for sustainable operations.
Zepto Commitment to Sustainable Transportation
Since its establishment in 2021, Zepto has prioritized sustainable and cost-effective transportation solutions. The startup has previously partnered with prominent electric vehicle (EV) players such as Zypp, Howdyy, and Estimo. These collaborations underline Zepto’s dedication to promoting environmentally friendly delivery options.
Yulu’s Contribution to Clean Urban Commuting
Yulu, an electric two-wheeler mobility company, has been instrumental in reducing carbon emissions in urban areas. The company claims to have saved over 20 million kilograms of CO2 emissions by offering clean, inclusive, and sustainable urban commuting solutions.
Zepto Electrifying Last-Mile Deliveries
In a joint statement, Yulu and Zepto announced their agreement to deploy 20,000 next-generation shared DeX electric vehicles (EVs) for Zepto’s delivery partners. This move underscores the commitment to electrification in the last-mile delivery sector. Additionally, the partnership involves mutual promotion of products and services through both online and offline platforms.
Empowering Riders and Sustainable Expansion
This strategic alliance aims to empower delivery riders to earn more while encouraging more women to participate in the delivery profession. Zepto’s COO, Vikas Sharma, highlighted the importance of environmentally friendly vehicles in their operations and the partnership’s potential to enhance employability.
This collaboration aligns with Yulu’s ongoing expansion efforts. Despite facing challenges during the pandemic, the company has substantially increased its revenue and scaled its operations. Yulu introduced innovative products like Yulu DeX for last-mile deliveries and Yulu Wynn, a subscription-based ebike service.
As governments advocate for reduced carbon emissions and increased EV adoption, startups in the delivery sector are embracing environmentally friendly practices. Notably, major players such as Swiggy, Flipkart, and Zomato have begun integrating EVs into their last-mile delivery fleets. The Zepto-Yulu partnership underscores the growing trend towards sustainability and clean transportation in the industry.
Last month, reports revealed that Zepto is in advanced discussions to secure $150 million in Series E funding at a valuation exceeding $1 billion, indicating strong investor interest in the startup’s innovative approach and sustainable initiatives.
