EVI Plans to Invest Rs 100 Crore for 20,000 EV Charging Stations

- Advertisement -
- Advertisement -

EVI Technologies plans about 3,000 EV charging stations in Delhi, in partnership with BSES, at a cost of Rs 15,000-20,000 per charging station

EVI Technologies Pvt Ltd, a Delhi-based electric vehicle charging infrastructure provider, is planning to set up 20,000 charging stations across India with an investment of about Rs 100 crore in the next one-and-a-half years, according to a senior official of the company.

The company, which is incubated at the Electropreneur Park – an initiative of the Ministry of Electronics and Information Technology (MeitY) to support start-ups, has partnered with power distribution company BSES Rajdhani Power Ltd to establish around 3,000 charging stations for electric vehicles (EV) in Delhi.

- Advertisement -

“We have a target to create a network of around 20,000 EV chargers in the next one-and-a-half years. This will include home and public charging stations,” reported PTI citing Rupesh Kumar, Chief Executive Officer CEO, EVI Technologies as saying.

Presently, EVI Technologies has its presence in 16 different locations in 10 States across the country.

Looking for finance partners

Kumar further said that the company will be investing around Rs 100 crore for the planned stations, while adding, the company is also partnering with some of the finance partners, who are already financing for the leasing model and is already in conversation with some of them.

Initially, EVI Technologies had received seed funding for the government order. Now, it is in discussions with some angel investors for funding of the projects. The start-up is looking to raise about Rs 5 crore.

Started in June 2017, the start-up provides its charging stations on lease to private customers. In December 2017, the firm bagged orders from EESL for setting up 50 charging stations, which is presently being installed in complexes of various ministries.

On the firm’s association with BSES Rajdhani Power, Kumar said that about 3,000 EV charging stations are being planned at a cost of Rs 15,000-20,000 per charging station. EVI will do the investment to set up these stations that will be leased out, while BSES will offer charging connections at a set tariff of Rs 5 per unit for the stations in Delhi.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“Our Goal is to Offer 1000 To 1500 Varieties, With Volumes Ranging From 10000...

0
During a chat with Nitisha Dubey from EFY, Mohammed Iqbal, CEO of Technomake Electronics Pvt Ltd, talks about PCB assembly and major customer focus...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

Buzz

TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Important Sectors

Microchip Technology Expands TrustFLEX Family With CEC1736 Real-Time Platform Root Of Trust Devices

0
TrustFLEX devices along with the Trust Platform Design Suite tool will simplify the enablement of root of trust from concept to production in wide...
TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...