Delhivery partners with RIDEV to deploy 150 EVs for last-mile delivery

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DELHIVERY · price

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Price reactionminutes from the announcement price · days from the prior close

+3.6%Reaction day

₹419.75

prior close

₹420.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.7%+2.9% vs market

Logistics Solution Provider peers, median of 43sector+0.5%+3.1% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Smallcap 250 and 3.1 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+3.6+0.7+2.9+0.5+3.1

Next day

+2.9+1.2+1.7-0.1+3.0

+2.2+0.0+2.1-1.3+3.5

+2.8-0.1+2.9-2.3+5.1

+3.1+0.3+2.8-2.7+5.8

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15d

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+10.3+2.9+7.5-4.6+14.9

+8.9+3.1+5.8-5.7+14.5

UpDownMarket · Nifty Smallcap 250Sector · Logistics Solution Provider peers, median of 43Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Delhivery has partnered with EV startup RIDEV to deploy 150 high-performance electric vehicles across North East India, Bengaluru, and Hyderabad over the next three months. This adds to Delhivery's existing fleet of nearly 1,000 EVs. An EV-as-a-Service leasing model will help delivery partners switch without high upfront costs. Pilots in Delhi-NCR and Bengaluru cut CO2 by 4,260 Kg and lowered daily rider costs by over 50%. Expansion is planned for Mumbai, Pune, Chennai, and Goa.

Likely market impact

Positive for ESG profile; lowers delivery costs long-term and supports decarbonisation. No immediate financial impact disclosed.