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Delhivery enters into partnership with electric mobility startup ‘RIDEV’

Delhivery Ltd. | Logistics | Transportation & Logistics | BSE: 543529 | NSE: DELHIVERY

16 Feb 2026 Evaluate

Delhivery has entered into strategic partnership with electric mobility startup RIDEV (ANV Web Ventures) to deploy 150 high performance electric vehicles (EVs). This deployment, scheduled over the next three months across North East India, Bengaluru, and Hyderabad, marks a significant step in the company’s roadmap to scale green logistics.

The collaboration introduces a specialized ‘EV-as-a-Service’ leasing model designed to accelerate the transition for Delhivery’s delivery partners. By eliminating high upfront costs and technical barriers, this model ensures that the shift to an electrified last-mile ecosystem is both operationally seamless and financially lucrative for the gig workforce.

Delhivery already operates a substantial EV fleet, having integrated close to 1,000 electric two, three and four-wheelers in recent years. This partnership signals a move toward a nationwide, systematic replacement of traditional internal combustion engine (ICE) vehicles. The initiative follows a successful pilot in Delhi-NCR and Bengaluru, where the transition to RIDEV’s electric two-wheelers resulted in the reduction of 4,260 Kg of CO2 and lowering daily operational costs for riders by more than 50%.

This initiative is a critical component of Delhivery’s strategy to systematically decarbonize its urban delivery network. Moving beyond isolated pilots, the company is now focusing on the rapid replacement of fossil-fuel-dependent vehicles. Following the current rollout, a phased expansion is planned for major hubs, including Mumbai, Pune, Chennai, and Goa, aiming to eliminate tailpipe emissions and align with India’s PM E-DRIVE objectives for a cleaner transportation future.

Delhivery provides a full range of Logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.

Delhivery Share Price

463.65 3.80 (0.83%)

17-Apr-2026 11:19 View Price Chart

Peers

Company Name	CMP
Allcargo Logistics	9.55
TVS Supply Chain Sol	113.60
Container Corp	504.10
Delhivery	463.65
Mahindra Logistics	431.95
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Delhivery enters into partnership with electric mobility startup ‘RIDEV’

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