Zomato, a leading player in the foodtech industry, has set an ambitious target of achieving 100% deliveries through electric vehicles (EVs) by the year 2033. The announcement came as part of the company’s broader sustainability goals for 2030, which were revealed during a conference on sustainability and inclusivity organized by IndiaTech.org in collaboration with Zomato.
The sustainability goals, categorized into eight broad themes, outline Zomato’s commitment to fostering the growth of 3 Lakh micro, small, and medium restaurant businesses and food entrepreneurs by 2030. Additionally, the company aims to enhance the earning and saving capacity of 1 Mn gig workers through upskilling, partnerships, and benefit programs.
One of the key objectives outlined by Zomato is the facilitation of 100% plastic-neutral food delivery orders through voluntary recycling initiatives. The company also aspires to mobilize resources to provide 300 Mn nutritious meals for underprivileged communities.
Chief Sustainability Officer at Zomato, Anjalli Ravi Kumar, commented on these goals, stating, “Our visionary roadmap for 2030 signifies a significant stride towards a more sustainable and inclusive future. With a dedicated focus on eight material themes, this roadmap goes beyond the confines of food ordering and delivery, actively contributing to a world where every action leaves a positive imprint.”
As governments at both the central and state levels promote the adoption of EVs to reduce carbon emissions, the sales of electric vehicles in India have been on the rise in recent years. Zomato has been at the forefront of advocating for EV use in deliveries and has entered multiple partnerships to electrify its delivery fleet. Last year, the company collaborated with Zypp Electric to deploy 1 Lakh electric scooters for delivery by 2024 and also partnered with TVS Motors and SUN Mobility to deploy EV scooters for gig workers on its platform.
The push towards sustainability, reduction of plastic usage, and the adoption of EVs aligns with global environmental, social, and governance (ESG) norms that are increasingly becoming a focal point for businesses worldwide.
In a similar vein, Zomato’s rival Swiggy has also joined the drive for electrification of its delivery fleet through partnerships, emphasizing a growing trend among Indian startups to embrace sustainable practices.
Shares of Zomato concluded today’s trading session 3.80% lower at INR 123.30 on the BSE.
