Instamart expands battery swapping for EV deliveries

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Swiggy (

) Instamart is expanding battery-swapping infrastructure near its dark stores to encourage EV adoption among delivery partners. The company says the model can save up to 60 minutes of travel and waiting time each day. What happened? Instamart is working with Yuma Energy to place battery-swapping stations at its dark stores. Yuma currently operates more than 2,000 swapping units, with each swap taking under two minutes. Instamart is also offering rental cashback incentives for delivery partners using Yulu electric two-wheelers. (***** Why does it matter? For last-mile delivery, vehicle utilisation is critical. Instamart says delivery partners cover more than 90 km a day on average and may need two battery swaps. Bringing swapping stations closer to dark stores can reduce downtime and make EVs more practical for high-frequency deliveries. (***** My view The important point is that EV adoption depends on the operating ecosystem, not just the vehicle. Lower rental costs and shorter energy-replenishment time can improve the economics for delivery partners. For Instamart, the benefit would come if higher EV adoption translates into lower delivery costs and better fleet utilisation. What I am watching next I would track the number of swapping stations added, EV adoption among delivery partners and delivery economics. The key question is whether these infrastructure investments produce measurable savings at scale. No Recommendations Source: Business Standard Disclosure: I, my entity, associates or relatives don't have any holding, position or other material interest in Swiggy Limited.