Visaka Industries Ventures Into EV Charging Business

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Recently, Visaka Industries Limited announced that it will foray into a new electric vehicle (EV) business segment. It will be setting up 10 self-sustaining, solar powered EV charging stations, called ATUMCharge across major metros to cater to electric cars, bikes and scooters. This will be under its first phase.

In the next phase, it plans to set up these green EV charging stations across India and globally to support the growth of EVs. The company will be leveraging its ATUM solar roof product at its EV charging stations. ATUMCharge will also be partnering with other EV charging station providers.

With ATUM Solar Roof the entire EV charging proposition will move to 100% solar whereas, currently, most EV charging stations use electricity produced by thermal power generation companies. It will also open a chain of retail stores, ATUMLife, that will offer eco-friendly green products such as ATUM solar roof, apparel made with sustainable yarn, organic detergents, sustainable consumables, EVs and reusable kitchenware and cutlery, among others. 

Vamsi Gaddam, Joint Managing Director, Visaka Industries said that the new business areas will augment their existing businesses, but more importantly they define a viable roadmap for the company’s future. The aim is to make Visaka Industries Limited a predominantly green company with products and services which are environment friendly and sustainable.

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