EV fleet operator secures funding pipeline for last-mile delivery expansion across NCR region.
03 Dec 2025 | 2041 Views | By Shristi Ohri
Lilypad, an electric vehicle marketplace and fleet operator, has announced plans to deploy 1,000 electric two-wheelers for last-mile delivery operations in Noida by the second quarter of 2026.
The expansion is supported by high net-worth individuals and private investors, with the company committing ₹50 lakh in internal capital. Lilypad ...
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Lilypad, an electric vehicle marketplace and fleet operator, has announced plans to deploy 1,000 electric two-wheelers for last-mile delivery operations in Noida by the second quarter of 2026.
The expansion is supported by high net-worth individuals and private investors, with the company committing ₹50 lakh in internal capital. Lilypad has secured a funding pipeline of approximately ₹2.5 crore to achieve its deployment target over the next seven to eight months.
The rollout will begin this month with an initial batch of 150 vehicles, followed by quarterly additions of 250 electric two-wheelers. The company has formed strategic partnerships with Battery Smart, original equipment manufacturers, and delivery aggregators including Swiggy and Blinkit to support the initiative.
"Last-mile delivery has been one of the strongest drivers of India's EV adoption over the last five years," said Prateek Darolia, Lilypad's B2B Lead. He added that the company aims to build the infrastructure and fleet capabilities needed to support gig workers and create a more efficient urban mobility system.
The electric vehicles will be equipped with IoT tracking, real-time telematics, geofencing, and remote immobilization features. Lilypad will provide servicing, maintenance, and roadside assistance throughout the Noida region, with plans to expand to Delhi and Gurgaon.
According to the company's projections, the electric fleet could help reduce up to 1,000 metric tonnes of CO₂ emissions annually. Gig riders transitioning from 125cc petrol vehicles to electric two-wheelers are expected to see operating costs decrease by up to 30%, potentially improving their monthly earnings.
The initiative is projected to create more than 150 direct jobs in fleet operations, service, and logistics, while providing sustainable income opportunities for over 1,000 gig workers through delivery platform partnerships.
Lilypad focuses on providing service-backed electric fleets for gig workers and delivery platforms, working with OEMs, battery-swap networks, and aggregators to deliver electrification solutions for urban mobility.