Adani Group in Partnership with Uber for Electric Vehicle Rollout

Adani Group and Uber are in talks for a strategic collaboration aimed at deploying tens of thousands of electric vehicles (EVs) on the ride-hailing platform. Insider information suggests that this initiative was a focal point of the discussions between Adani Group Chairman Mr. Gautam Adani and Uber CEO Mr. Dara Khosrowshahi during their recent meeting. In a post on X, Mr. Adani posted pictures of him with Mr Khosrowshahi, who is currently on a visit to India, saying, “Absolutely captivating chat with @dkhos, CEO of @Uber. His vision for Uber’s expansion in India is truly inspiring, especially his commitment to uplifting Indian drivers and their dignity. Excited for future collaborations with Dara and his team".

Replying to Mr Adani, Mr Khosrowshahi posted on X: “An absolutely terrific conversation with @Gautam_adani over delicious breakfast about India’s phenomenal growth and rising entrepreneurship. @Uber is committed to scaling up shared mobility and accelerating the transition to EVs – looking forward to take our partnership to the next level".

Uber aims to transition its fleet to electric vehicles (EVs) worldwide, including in India, aligning with its pledge to achieve zero emissions in mobility by 2040. In February, the company announced the launch of its environmentally friendly global EV service, Uber Green, in Delhi. Concurrently, the Adani Group has entered the electric mass mobility sector by introducing e-bus fleets and has recently participated in government tenders for 3,600 electric buses.

Insiders indicate that collaborating with Uber aligns seamlessly with the Adani Group's renewable energy endeavors, which include establishing a network of charging stations across India and integrating green energy to power the EV fleet. This partnership holds promise in accelerating the adoption of electric four-wheelers in India, addressing the manufacturers' quest for large-scale commercial applications to ensure financial viability. It has the potential to emerge as one of the most substantial EV fleet partnerships globally for Uber.

The widespread adoption of EVs has the potential to generate a significant number of employment opportunities, offering driver entrepreneurs a sense of dignity in their work. Moreover, it could substantially bolster the gig economy in India. Considering the Adani Group's extensive presence in the country's airport sector, a collaboration of this nature could revolutionize the taxi experience for air travelers, offering seamless service and premium cab options, alongside dedicated mobility zones. Furthermore, with the Adani Group's earlier announcement regarding the expansion of its super app AdaniOne, this partnership could result in the provision of comprehensive travel services, encompassing cab booking integrated with Uber, flights, accommodations, airport amenities, and insurance, among other offerings.

Having commenced operations in India in 2013, Uber has successfully concluded more than 3 billion trips to date and currently operates in 125 cities nationwide. As per the company's data, it has facilitated over 800,000 individuals in India to achieve a stable source of income by becoming drivers. On the other hand, the Adani Group has pledged to invest $100 billion in India's transition to green energy over the forthcoming decade and aims to expand its solar manufacturing capacity to 10 GW by 2027.