The Electric Car News latest news on Electric Vehicles

Mahindra Group and Reliance join hands for EV and low-carbon solutions – ET Auto

mahindra group and reliance join hands for ev and low carbon solutions


Anand Gopal Mahindra, chairman of Mahindra Group (Left) and Mukesh Dhirubhai Ambani, chairman of Reliance Industries Ltd (Right)
Anand Gopal Mahindra, chairman of Mahindra Group (Left) and Mukesh Dhirubhai Ambani, chairman of Reliance Industries Ltd (Right)

In a major collaboration with wide ranging possibilities in electric mobility, Reliance BP Mobility Limited (RBML) under the brand name Jio-bp and Mahindra Group on Tuesday announced a non-binding MoU to explore creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels.

The MoU will also cover evaluating charging solutions by Jio-bp for Mahindra vehicles including electric 3 and 4 wheelers, quadricycles and e-SCV (Small Commercial Vehicles – sub 4 ton). This would include captive fleets and last-mile mobility vehicles of Mahindra Group.

“The partnership aims to leverage the strengths of both companies in the areas of EV products and services,” the companies said in a joint statement. “Mahindra Group and its channel partner locations will be evaluated for setting up of Jio-bp Mobility Stations and EV charging and swapping points apart from utilizing existing Jio-bp stations.”

Jio-bp recently launched its first Mobility Station in Maharashtra, offering multiple fueling choices, including EV charging infrastructure, while providing a world-class retailing experience. Additionally, business models like Mobility as a Service (MaaS) and Battery as a Service (BaaS) will be explored wherein Jio-bp could provide charging solutions to vehicles made by
Mahindra Group.

Mahindra was the pioneer EV company in India with the acquisition of Reva a few years back but its ambitions were handicapped due to lack of infrastructure support. The EV market in India is still in a nascent stage but is beginning to gain momentum and through this MoU, the companies said various possibilities and orientation of database, operations support systems, software, pilot and commercial-scale business model and types of charging and swapping facilities would be explored and implemented subject to techno-economic feasibility and necessary approvals.

“The partnership aims at accelerating EV adoption in India with high-performance and swappable batteries that will help in dispelling range anxiety,” the companies said in the statement. “The solutions would afford great convenience to customers who can ideally bring in a depleted battery to their nearest swapping station and within minutes move on with fully charged batteries by paying a nominal fee. Such innovative solutions will broaden the horizon for both the companies and help realize India’s net-zero emissions goals faster.”

Also Read:

“It is planned to start battery sharing service for electric auto rickshaws (E-auto) from the first half of 2022 in Bengaluru, Karnataka and expand operations in other Indian cities in a phased manner,” the statement said.





Read More: Mahindra Group and Reliance join hands for EV and low-carbon solutions – ET Auto

0 Comments

No Comment.