Bolt.Earth And Forest Capital Unite To Invest INR 200 Crore In 15,000 Electric Vehicles And Charging Infrastructure In India


Bolt.Earth, a prominent player in India’s electric vehicle (EV) ecosystem, has entered a significant partnership with Forest Capital, a forward-thinking financial entity dedicated to investments in EVs and green infrastructure. Their combined efforts will see an investment exceeding INR 200 Crore to expedite the adoption of 15,000 electric vehicles, encompassing both two-wheelers and three-wheelers, along with the deployment of 500 cutting-edge DC fast chargers throughout India.

Bolt.Earth, known for its proficiency in enhancing EVs’ intelligence, safety, and connectivity, recognizes the pivotal role of a robust charging infrastructure, supported by an interconnected Operating System, in driving widespread electric mobility adoption in India. Forest Capital shares this vision and sees Bolt.Earth is the ideal collaborator to venture into the burgeoning green infrastructure sector.

In addition to empowering private fleets and offering public charging, Bolt.Earth provides end-to-end enterprise fleet solutions through its Fleet Management System (FMS).

Forest Capital extends electric vehicles, lithium-ion batteries, and charging infrastructure to last-mile delivery drivers, as well as to various businesses, including fleet operators, corporations, and logistics companies. In addition to contributing to the reduction of CO2 emissions, Forest Capital aims to enhance the livelihoods of individuals in low-income communities by promoting employment and vehicle ownership.

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Bolt.Earth offers a wide array of solutions, including IoT-enabled charging devices, a Fleet Management System (FMS), safety features, and market strategies tailored to streamline fleet operations.

Raghav Bhardwaj, Head of Strategy and Leadership at Bolt.Earth, commented, “Partnering with Forest Capital is a strategic move aimed at promoting electric vehicles and advancing green infrastructure in India. Together, we aspire to lay the foundation for a more secure, connected, cleaner, and greener future.”

Rohit Bassi, CEO of Forest Capital, expressed enthusiasm about the collaboration, stating, “We are excited to collaborate with Bolt.Earth in our shared mission to revolutionize India’s transportation landscape. By combining their technology-driven connected solutions with our financial expertise, we are well-positioned to disrupt the last-mile delivery ecosystem and make a significant impact within the electric vehicle sector. As the nation accelerates its transition to electric vehicles, this collaboration aims to lead the way in this transformative journey.”

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