Week In India: Charzer Partners With Nirman Developers To Install EV Charging Stations In Pune; Servotech Power Systems Partners With BPCL To Install EV Chargers; And More

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Charzer Partners With Nirman Developers To Install EV Charging Stations In Pune

Charzer, a top EV charging station aggregation platform has partnered up with Nirman Developers. Charzer will install EV charging stations in all residential and commercial properties owned by Nirmal Developers in the city of Pune, Maharashtra. Both residents and visitors will have access to the charging stations. Charzer will install the EV charging stations and maintain them with regular servicing. The Charzer app allows users to book charging slots and make payments. It’s worth noting that the Ministry of Housing and Urban Affairs issued a guideline in 2019 directing residential and commercial complexes to reserve 20% of their parking spaces for EV Charging infrastructure.

Saera Electric Partners With Shriram Transport Finance For EV Financing

Saera Electric has partnered with Shriram Transport Finance to provide easy financing options for customers who are looking to purchase an electric vehicle. Mayuri is the brand that has become synonymous with Saera Electric Auto. Mayuri is well-known for its electric rickshaws and electric carts. The company also produces YOGO (the renowned 2W brand). Saera Electric Auto announced that its latest partnership with Shriram Transport Finance enabled it to make another step towards its goal of accelerating the penetration and adoption of clean mobility on Indian roads. Nitin Kapoor, Managing Director at Saera Electric Auto stated that Shriram Transport Finance has a long history in the financial sector and offers a wide variety of financing options in over 900 locations across India.

Servotech Power Systems Partners With BPCL To Install EV Chargers

Servotech Power Systems Ltd is an NSE-listed EV charging solution manufacturer. It has been awarded a major project by Bharat Petroleum Corporation Limited (BPCL). The fast EV chargers of 800 units will be installed at various locations in India over the next four months. The project’s value is Rs 46.2 crore. Servotech will equip major Indian cities’ petrol pumps with EV charging capabilities under the project. The execution of the project has already begun in Delhi. The entire project is expected to be completed before March 31, 2023. Servotech will be responsible for the commissioning, installation, and maintenance at a variety of locations, including BPCL’s retail stores and fuel and gasoline stations.

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GreenCell Receives $55 Million Sanction From DFI’S ADB, AIIB & Grant Of $5.2 Million From Goldman Sach’s And Bloomberg For Safer E-Buses In India

The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Clean Technology Fund (CTF) signed a $55 million financing package with GreenCell Express Private Limited (GEPL) to develop 255 electric battery-powered buses (e-buses) to serve 5 million people a year on 56 intercity routes in India and enhance the safety of passengers, especially women, through improved security features including cameras, tracking and panic buttons connected to command controls for immediate response. Additionally, grants worth $325,000 from the CTF and $5.2 million from Goldman Sach’s and Bloomberg’s Climate Innovation and Development Fund (CIDF). CIDF grant will partially finance the decarbonization of 100 of the 255 e-buses by deploying solar power plus battery energy storage systems. Overall, the project will reduce emissions by around 15,000 tons a year.

EVR Motors Partners With EKA Mobility To Build Electric Motors For Electric Buses

VR Motors, an Israeli startup, has partnered up with India’s EKA Mobility (a subsidiary of Pinnacle Industries) to create small, lightweight electric motors for electric buses and light commercial vehicles. EVR will design as well as develop electric motors based on proprietary Trapezoidal Stator-RFPM topology for EKA. EKA will produce these electric motors and integrate them into its vehicles for the Indian market. EVR will help to set up EKA’s assembly plant. Opher Doron (CEO of EVR Motors) stated that the new agreement with EKA Mobility of India was a result EVR’s increasing offering of electric motors, from two-wheelers as well as three-wheelers, through hybrids to commercial and passenger cars.

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Amazon India And TVS Motor Company Sign MoU To Scale EV Deployment, Strengthening Their Commitment To Achieving Net-Zero Carbon

Amazon India and TVS Motor Company announced a strategic engagement to strengthen electric mobility, electric infrastructure, and connected services. As part of this collaboration, a fleet of electric two-wheelers and three-wheelers from TVS Motor will be deployed for Amazon’s last-mile deliveries. In addition, the two companies will work in tandem to examine EV use cases for various Amazon business groups for its network and logistical requirements. In order to test solutions, the two companies will pilot TVS Motor’s electric vehicle solutions through partner bases and delivery associates across India.

Mahindra Partners With Jio-bp, Charge+Zone, And Statiq To Provide Charging Solutions

Mahindra & Mahindra announced that it has partnered with three electric vehicle infrastructure partners that include Jio-bp, Charge+Zone, and Statiq to provide charging solutions for its upcoming passenger electric vehicles. These partnerships will allow Mahindra EV owners seamless access to a strong fast-charging infrastructure as well as e-mobility solutions that span across navigation, discovery, availability, and transactions. Recently, Mahindra launched its first all-electric SUV, XUV400. The company also presented a new range of electric vehicles earlier this year at an event in the UK. It plans to introduce them in India in the coming years.

Shriram Transport Finance Company Ties-up with Euler Motors to Finance EV3-Wheeler Cargo Vehicles for Last Mile Logistics Solutions

One of the largest asset financing companies in India Shriram Transport Finance Company Limited (STFC) a part of the Shriram Group, Ties-up with Euler Motors (Euler) to Finance Electric 3-wheeler cargo vehicles for last mile logistics solutions. The partnership is in line with the objective of a green and sustainable future that Shriram has embarked upon in 2022. Amid the rising demand for green energy Shriram Transport Finance has seen a steady rise in demand for E-CVs and this marks the company’s first Electric Commercial vehicle tie-up, with more to follow.

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MT Autocraft Sets Up ‘MTA E-Mobility’ With Rs 100 Crore Funding

MT Autocraft is a supplier of machined parts and assemblies. It has announced the launch of MTA E-Mobility or MTA EV, its electric mobility company with a seed capital of Rs 100 crore. Karan Sehgal (Co-founder, MTA EV) stated that the initial investment of Rs 100 crore. This will be funded by MT Autocraft and the Sehgal family as well as a few HNIs. Vivek Jakhmola is the Co-founder. He was previously president of JBM Group. MTA EV is a fully electric mobility solution provider with a dedicated plant located on three acres in Palwal, the capital region. The initial focus will be on the production of electric vehicles as well as key electrical systems. Jakhmola, who is already on a 50-member team said that the company plans on hiring 200 more people over the next twelve months. He stated that the goal was to build a sustainable organization with a strong focus on technology via self-reliance and interdependence on foreign collaboration partners.

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