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Indofast Energy to Deploy Electric Bikes Across Tier I/II Cities

CIO Insider Team | Wednesday, 30 April, 2025
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Battery-swapping solutions provider Indofast Energy is planning to deploy 20,000 electric bikes across key tier I/II cities in the next 24 months in collaboration with EVeez for last-mile delivery. The cities include Chennai, Mumbai, Pune, Jaipur, Lucknow, and Vijayawada.

Indofast Energy and EVeez have been working together to accelerate EV adoption in the last-mile delivery space, and this expansion marks a significant step toward making electric mobility more accessible and efficient for gig workers.

By expanding battery-swapping infrastructure across new geographies, the initiative will reduce operational costs, minimize downtime, and enhance efficiency for delivery partners in quick commerce, e-commerce, and food delivery.

Indofast Energy said it carries out around 40,000 battery swaps every day and has over 900 swapping stations across the country.

“Our OEM agnostic battery swapping infrastructure allows any fleet player or retail customer to easily access our network for their fleet -- across two and three-wheelers. By 2030, we envision a seamless, city-wide battery-swapping network that powers everything from delivery fleets to ride-hailing services," says Rajat Malhan, Senior Vice President, Indofast Energy.

This strategic partnership with Indofast Energy allows EVeez to significantly accelerate our expansion into tier II cities, where we're witnessing tremendous growth in quick commerce and delivery services

The quick commerce tailwinds in tier I/II cities present a perfect opportunity to simultaneously drive EV adoption and economic empowerment.

“This collaborative approach enables us to overcome traditional barriers to EV adoption by offering a reliable, cost-effective solution that meets the dynamic needs of last-mile delivery partners across India,” says Gaurav Rathore, Co-founder and CEO of EVeez.

Also Read: Reshaping the Automotive Industry Through Green Transition

“This strategic partnership with Indofast Energy allows EVeez to significantly accelerate our expansion into tier II cities, where we're witnessing tremendous growth in quick commerce and delivery services," adds Gaurav.



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