Magenta And BSES Sign MoU To Deploy EV Charging Solutions In Delhi

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In July, Magenta had announced the setting up of the country’s largest public EV charging station in Navi Mumbai as part of its plans to provide 4,000 charging facilities by March next year

Mumbai-based EV solutions provider Magenta said that it will be deploying EV charging solutions in collaboration with BSES Rajdhani Power Limited and BSES Yamuna Power Limited in Delhi.

The EV charging solutions that will be deployed under this MoU will be customized basis the requirements of various segments of customers. 

The partnership between BSES and Magenta will help in faster reaching out to the various customers, thereby leading to faster fulfilment of the end customer’s EV charging solution requirements, the company said in a statement.

The company further added that significant challenges, such as low utilization of EV charging infrastructure and the long-term impact of the increase in the number of EV users on the power distribution network can be analyzed and addressed through the work carried out under this partnership.

Learnings from the implementation of new business models under this partnership will also help in improving and launching similar EV charging solutions and models in other parts of the country as well.

BSES has been forging partnerships to promote e-mobility in the national capital in line with the state and central government objectives to reduce pollution and achieve climate goals.

Magenta’s charging solutions are mobile application enabled (OCCP based). All charging stations to be deployed under this partnership will be managed and operated through Magenta’s in-house software application – “ChargeGrid”, which will help to monitor electricity usage, track wallet amount deductions during charging sessions. The customers can also track the real-time availability of the chargers and approach the nearest available charging stations.

In July, Magenta had announced the setting up of the country’s largest public EV charging station in Navi Mumbai as part of its plans to provide 4,000 charging facilities by March next year. It also said that it also plans to expand its footprint to overseas markets by the March quarter of this fiscal.

The company also closed its round of Series-A funding of Rs 120 crore earlier this year to build its charger development and manufacturing facility for India and for exports. 

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