Jio-bp and Mahindra Group Join Hands To Co-Develop EV Solutions

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The companies added that business models like ‘mobility as a service’ (MaaS) and ‘battery as a service’ (BaaS) will also be explored where Jio-bp could provide charging solutions to Mahindra vehicles

Jio-bp and the Mahindra Group have signed a memorandum of understanding (MoU) to collaborate in areas such as electric vehicle products and services, and in low-carbon and conventional fuels.

The MoU also covers 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).

Additionally, 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.

The companies added that business models like ‘mobility as a service’ (MaaS) and ‘battery as a service’ (BaaS) will also be explored where Jio-bp could provide charging solutions to Mahindra vehicles.

“The EV market in India is still in a nascent stage and through this MoU, various possibilities and orientation of database, operations support systems, software, pilot and commercial-scale business model and types of charging and swapping facilities are proposed to be explored and implemented subject to techno-economic feasibility and necessary approvals,” the companies said in a press release.

Besides, the partnership aims at accelerating EV adoption in India with high-performance and swappable batteries, which in turn will help in dispelling range anxiety among users.

“Such innovative solutions will broaden the horizon for both the companies and help realise India’s net-zero emissions goals faster,” it added.

Jio-bp is a fuel and mobility joint venture between Reliance Industries and UK’s bp plc. The MoU is a “non-binding” agreement.

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