The Gautam Adani-led power utility, which is one of the three power suppliers in the financial capital, will provide electricity to Yulu to power its electric bikes at multiple locations spread across Mumbai. The two companies also plan to install over 500 battery swapping stations in the next 18 months across the city.
“Adani Electricity is committed to establishing infrastructure for electrifying mobility in Mumbai and supporting Yulu in its journey for providing a sustainable mobility solution to Mumbaikars,” a spokesperson from Adani Electricity said.
Technology-driven mobility startup Yulu provides first and last-mile connectivity and has expanded its services to short-mile delivery of goods. Its new customized e-bike Yulu DEX aims to provide a sustainable and affordable delivery option to gig economy workers.
Yulu e-bikes are mainly deployed in the Bandra-Kurla Complex area in Mumbai and Navi Mumbai and it has plans to expand to more areas across the city. Adani Electricity will facilitate installation of battery swapping stations at BKC and will scale up across Mumbai in line with Yulu’s plans.
Amit Gupta, co-founder of Yulu Bike, said, “With this collaboration, Yulu will have 24×7 battery charging and swapping access across multiple points in Mumbai and this will be our first step together towards electrification of mobility in Mumbai.”
Last month, Reliance Industries forayed into the electric vehicle (EV) space with its fuel retailing joint venture with UK energy firm bp signing an agreement with Swiggy to deploy electric vehicles for the food delivery platform. Jio-bp will initially set up battery swapping stations at various locations assisted by Swiggy and provide all required technical assistance and training to Swiggy delivery partners and designated Swiggy staff related to battery swapping.