Week In India: Alt Mobility With Zypp Electric To Lease 15,000 E2W For Last-Mile Deliveries; TPEML Signs Agreement For The Acquisition Of Ford India’s Sanand Plant; And More

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Alt Mobility With Zypp Electric To Lease 15,000 E2W For Last-Mile Deliveries

Alt Mobility has partnered up with Zypp Electric, India’s largest e-logistics provider, to lease 15,000 electric 2-wheelers to facilitate last-mile deliveries. This partnership will triple Zypps’ fleet size in the current financial year, ease out a national rollout for electric bike deliveries, and offset approximately 18 million kgs of carbon emissions per year. Electric vehicles have seen an increase in sales due to the lower cost of ownership and support from the state governments and central governments. New Delhi’s draft of the Delhi Motor Vehicle Aggregator scheme mandates that commercial fleets that provide passenger transport services and last-mile deliveries be converted to electric vehicles within six months by 10%, in the first year by 25%, within 2 years by 50%, and by 2030, 100%.

Tata Passenger Electric Mobility Limited Signs Agreement For The Acquisition Of Ford India’s Sanand Plant

Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL) have signed a Unit Transfer Agreement for the acquisition of FIPL’s manufacturing plant situated at Sanand, Gujarat, which inter-alia includes (i) entire land & buildings; (ii) Vehicle Manufacturing Plant along with machinery and equipment situated therein; and (iii) transfer of all eligible employees of FIPL’s vehicle manufacturing operations at Sanand, for a total consideration, exclusive of taxes, of Rs 725.7 Cr (Seven Hundred Twenty Five Crores and Seventy Lakhs). FIPL will continue to operate its Powertrain Manufacturing Facility by leasing back the land and buildings of the Powertrain Manufacturing Plant from TPEML on mutually agreed terms. TPEML has decided to offer employment to the eligible employees of FIPL’s Powertrain Manufacturing Plant in the event of FIPL’s cessation of such operations.

Andhra Pradesh Plans To Attract An Investment Of USD 4 Billion In The Electric Vehicle Market Segment

Andhra Pradesh seeks to be a ‘lighthouse state’ to attract investment of USD 4 billion in the electric vehicles market segment in the coming years. The state government conducted Friday’s CEO-Ministerial Dialog, which lasted for a full day. It sought to gather views and ideas from all stakeholders as the first step towards this goal. According to Gudivada Amarnath, AP Industries and Investment Minister, this is the first initiative of a state on ‘Shaping the Future of Mobility’ in the World Economic Forum-Moving India network. “The global automobile industry today is at an inflection point. The world, especially India, is eagerly waiting for the industry to deliver world-class, affordable and efficient electric vehicles. I would be eager to see e-vehicles roll out from Indian (manufacturing) plants to serve the global markets,” the minister said. He noted that the automobile industry was ready to take another technological leap when alternative fuels were introduced. He also highlighted the “best in class innovation and technology” that is used at Kia Motors to launch models for India.

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HEID And HPCL Announce To Start Operation Of Battery Swap Service At HPCL Petrol Stations

Honda Power Pack Energy India Private Limited (HEID), Honda Motor Co., Ltd.’s subsidiary for battery swap service, and Hindustan Petroleum Corporation Limited (HPCL), a Maharatna oil company in India, announced to start of the operation of Honda e:swap services on 6th Aug 2022, which is operated by HEID at the HPCL petrol stations. In November 2021, HEID was established to begin battery swap service in India starting with electric auto rickshaws. HEID’s battery swap service will enable rickshaw drivers to stop by at the nearest battery stations being set up across the selected cities and swap discharged batteries (Honda Mobile Power Pack e:) with fully charged ones. The use of this service will significantly reduce drivers’ initial cost to purchase EVs as well as reduce concern about range anxiety and running out of batteries.

Tata Power To Set Up EV Charging Points Across JP Infra’s Residential Projects in Mumbai

In alignment with the Maharashtra Government’s EV Policy, Tata Power, a leading EV infrastructure solutions provider, and JP Infra Mumbai Private Limited, one of the prominent real estate developers in Mumbai, have joined hands to install 60+ electric vehicle charging points across all JP Infra’s projects viz. JP North Garden City (North Euphoria, North Alexa, North Aviva, Codename Dream Home), North Barcelona, and North Imperia, thus providing end-to-end EV charging solutions to residents for making sustainable mobility achievable. Residents with electric vehicles will have access to a 24×7 charging facility and can connect through the Tata Power EZ mobile application for all services, including remote vehicle charging monitoring and e-payments. The partnership will enable the residents to access a constant and universal EV charging experience.

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ARAI Completes Successful Evaluation of SUN Mobility’s EV Battery Swap Solution for User Safety & Performance

SUN Mobility, the leading provider of energy infrastructure and services for electric vehicles (EVs), becomes the 1st EV battery swapping provider to get its swapping station equipment validated as per IS 17017-1 & IEC 62840-2; Edition 1.02016-10, from Automotive Research Association of India (ARAI). In the absence of any implemented standard for EV battery swapping stations, SUN Mobility has taken the responsibility to proactively get its battery swapping station evaluated through a reputable and government-certified body like ARAI. This testing by the ARAI is at par with the highest acceptable global and Indian safety standards and is quite significant since there is no set benchmark for battery swapping stations. Electrical tests and verification, EMI/EMC tests (IS 17017 -21-2), climatic environmental tests, swapping station functional tests, IP 44 and impact tests were all conducted at ARAI in accordance with IS 17017-1 & IEC 62840-2; Edition 1.02016-10 Standards.

JSW Group Partners With ElectricPe To Set Up EV Charging Stations At JSW Offices In Mumbai

JSW Group chose ElectricPe to be its charging partner. ElectricPe enabled the JSW Mumbai office’s charging infrastructure. The company plans to expand its services to JSW offices at Vasind, Dolvi and Vijayanagar, Sholtu and Jharsuguda. This partnership was created in response to the JSW green policy, which incentivises employees to buy electric vehicles and install charging infrastructure within their offices and plants. ElectricPe, a B2C demand generation and EV charging app, provides EV users with a single platform to find, pay, and access EV charging points. This makes E-mobility much easier. Over the past few decades, the JSW Group has worked to reduce the environmental impact through its climate action programs.

Switch Mobility And Chalo Join Hands To Deploy 5,000 Electric Buses Across India

Switch Mobility Ltd., the next-generation carbon-neutral electric bus and light commercial vehicle company and Chalo, India’s leading transport technology company, announced that they have entered into a strategic collaboration for the deployment of 5,000 state-of-the-art electric buses across India. This partnership, one of the largest commitments for electric buses worldwide, builds on Switch’s already strong order book covering three continents with established operators in India, Continental Europe and the United Kingdom. The MoU with Chalo has been signed for an initial period of three years and the buses will be deployed across districts and cities in India where Chalo operate. Switch will supply variants of the recently launched EiV12 as part of the supply agreement. The delivery and operation of these electric buses will support India’s plans to decarbonize public transportation. Switch Mobility is well placed to meet this demand with its combination of engineering expertise and technological innovation from its manufacturing hubs in India and the UK.

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Alt Mobility Launches Elektrowagen, An Electric Vehicle Financing System

Alt Mobility, an IIT Delhi-based commercial fleet leasing platform launches “Elektrowagen”, a structured finance solution that mobilizes low-cost debt financing from domestic and foreign financial institutions to electrify Indian commercial fleets. The Company signed MoUs with two non-banking financial institutions (NBFCs), which are focused on electric vehicle financing. This commitment is for $25 million for the next twelve months. Co-founder and CEO of Alt Mobility, Dev Arora said, “We are announcing our first partnership with Mufin Green Finance and AMU Leasing, both have been pioneers in the retail EV financing space and will be working with us to unlock B2B fleet leasing for electric two-wheelers and LCVs. An estimated 80% of EV OEM sales are from B2B logistic and aggregation companies, seeking asset-light, low cost, flexible and turnkey fleet solutions for switching their fleets to electric.”

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