Lubi Industries has secured a contract from Bharat Petroleum Corporation Limited (BPCL) to manufacture, supply, install, and commission 1,400 fast DC EV chargers across India. Under the agreement, Lubi Industries will deliver 60kW DC fast chargers to BPCL retail outlets nationwide.
This collaboration constitutes a notable portion of the total DC chargers to be installed in the country annually and is expected to support the adoption of electric vehicles. The chargers will be locally manufactured and designed to meet regulatory quality standards, aiming to ensure reliable operation and a long service life- added a company statement.
Speaking on this collaboration, the management from Lubi Industries said, “We are proud to partner with BPCL on this transformative project, which is fully aligned with our mission to contribute to India’s EV revolution. Our advanced charging solutions will not only ensure an uninterrupted charging experience for EV users but also underscore the importance of indigenization in building critical infrastructure.”
In the rapidly evolving landscape of electric mobility, reliable and safe charging solutions are critical to supporting the growth of electric two-wheelers, three-wheelers, and light commercial vehicles. Chogori’s CT6 Series Charging Gun is designed to meet this need, offering a robust, versatile, and standards-compliant solution tailored for a range of electric vehicles, including electric two-wheelers (E2W) and electric three-wheelers (E3W), as well as everyday delivery e-loaders and off-road utility vehicles for farming and waste management.
Unmatched Compliance with Global Standards
The Chogori CT6 charging gun stands out due to its impressive specifications and adherence to both IS17017-2-6 and IEC62196-6 standards, ensuring compatibility and safety across various markets.
Rated at 100A and 120V DC, the CT6 charging gun delivers reliable power while maintaining high safety standards, with an IP55 rating protecting against dust and low-pressure water ingress and an IPXXB rating ensuring user safety.
CKD Design for Local Customization
A unique feature of the CT6 is its CKD (Completely Knocked Down) design, allowing local cable assembly. This design choice provide a cost-effective solution for OEMs focused on budget efficiency without compromising quality. The flexibility to assemble components locally makes the CT6 a preferred choice for companies looking to optimize logistics and increase their supply chain resilience.
Meeting the Needs of a Diverse Market
The CT6 Series Charging Gun is designed to accommodate a wide range of electric vehicle charging needs, making it an ideal choice for both home charging and commercial charging. Here’s how the CT6 caters to various market demands:
Versatile Current Range: The CT6 covers a broad spectrum of charging requirements with options ranging from 20A, 50A, 70A, to 100A, making it suitable for both home charging and commercial charging scenarios. This flexibility allows users to select the appropriate charging current based on vehicle specifications and application needs, whether it’s slow home charging or fast commercial recharging for fleet operations.
Customized Safety Options: The CT6 provides a choice between safety features to match different usage environments. For home charging, it offers models with or without a micro switch, depending on the safety requirements. In contrast, for commercial applications, the CT6 comes equipped with either a micro switch or a mechanical motor base lock, ensuring enhanced safety during charging in high-demand, professional settings.
CT6 Charging Gun Variations
By addressing the specific needs of home and commercial users, the CT6 stands out as a flexible, reliable, and robust solution in the diverse and growing electric vehicle market.
Discover the Chogori CT6 and empower your electric vehicle fleet with cutting-edge, reliable charging technology. For inquiries and technical specifications, visit our website or contact our team today!
Oben Electric, a Bengaluru based electric motorcycle manufacturer, has announced the closure of its Series A funding round, securing INR 50 crore. The funding round saw participation from Ambis Holding (US), Kuberan Ventures, Karimjee Group (Africa), Mission Vertical (US-based VC), Sanjeev Saraf (Polyplex) Family Office, Pravek Kalp Family Office, and other existing investors. This brings the company’s total equity funding raised so far to INR 150 crore.
The company plans to use the funds to expand its distribution network to more than 100 showrooms across 50 cities in India by FY26 and to increase its product offerings. Currently, Oben Electric operates 20 showrooms across 10 cities and has a manufacturing facility inJigani, Bangalore, with a production capacity of 100,000 units annually.
Madhumita Agrawal, Founder and CEO of Oben Electric, commented, “We are thrilled to close this Series A funding round, marking a pivotal moment in our journey to build a global EV powerhouse. What differentiates Oben Electric is our unwavering commitment to innovation and independence. We’ve built this company from the ground up, without reliance on strategic investors or corporate backing, empowering us to remain agile and focus on what truly matters – delivering high-quality, high-performance EVs that address the unique needs of Indian consumers. We are deeply grateful to our new investors for their confidence in our vision, and to our existing investors for their ongoing support. This funding will fuel our next phase of growth as we expand across India and set our sights on entering strategic international markets, ultimately positioning Oben Electric among the top global players in the electric mobility space.”
According to Vinod Rustagi, Group CEO and Managing Director of Karimjee Group, “India being world’s largest motorcycle market with ~12Mn units sold last year, giving them 66% market share of all 2-wheeler sales & only 1% of them being electric, we think it’s inevitable of ICE motorcycles to transition into electric. Premium & mass commuter electric-motorcycle segment is a blind spot of EV transition with limited to players, primed for disruption. Being present at the right time & place with right capabilities is essential for disruption & growth. Among handful of EV companies working on motorcycle EV transition, we found Oben Electric best suited to disrupt & lead this transition. We believe Oben is ready for growth & will disrupt ICE to EV transition in E-Motorcycle segment.”
Jeff Mamera, Founder and General Partner at Mission Vertical Capital, expressed “We are very excited about the large and quickly growing total addressable market for Oben’s e-motorcycles. Our deep dive into the industry convinced us that this management team has built an excellent intellectual property portfolio, efficient manufacturing and brought in strong talent to execute their go-to-market strategy.”
Oben Electric’s product lineup includes the recently launched “Rorr EZ,” starting at INR 89,999, with a top speed of 95 km/h and a range of up to 175 km (IDC) across three battery variants. It also offers the “Rorr,” a high-performance electric motorcycle. The company uses Lithium Iron Phosphate (LFP) battery technology, which is noted for its durability in extreme conditions.
Oben Electric designs and manufactures its own motorcycles and key components, such as batteries, motors, vehicle control units, and chargers. It is supported by a supply chain of over 150 vendors and collaborates with ecosystem partners to provide services such as insurance, financing, and roadside assistance.
Looking ahead, Oben Electric plans to expand both its product portfolio and distribution network, including exports. The company is preparing for a Series B funding round to raise USD 50 million by mid-2025.
Hyundai Motor India Limited (HMIL) has launched the Hyundai CRETA Electric, marking its entry into the localized electric SUV segment. The CRETA Electric combines an SUV design with an electric powertrain. It is offered in two battery pack options: a 51.4 kWh long-range variant and a 42 kWh variant. The vehicle supports both DC fast charging and AC home charging.
Speaking about the Hyundai CRETA Electric, Mr. Tarun Garg, Whole-Time Director and Chief Operating Officer, Hyundai Motor India Limited, said, “The Hyundai CRETA Electric marks a significant milestone for HMIL as our first localized electric SUV. Hyundai Motor Company has established itself as a pioneer in EV innovation with revolutionary and award winning EVs like IONIQ, and the Hyundai CRETA Electric is no different. Continuing the strong legacy of the CRETA brand, the Hyundai CRETA Electric combines design, technology, and exceptional safety to inspire confidence in electric vehicles among Indian customers. With the addition of this electric powertrain, we now have a CRETA for everyone. We are confident that the Hyundai CRETA Electric will set a new standard in quality for electric SUVs in India and will redefine the success of EVs in the country.”
The Hyundai CRETA Electric is equipped with several features to enhance the driving experience:
– Inspired by Hyundai’s global Pixel design language for EVs.
– Features a pixelated graphic front grille with an integrated charging port.
– Pixelated graphic lower bumper and rear bumper.
– LED tail lamps.
Acceleration from 0-100 km/h in 7.9 seconds (Long Range version).
– 51.4 kWh battery pack with a range of 473 km on a single charge.
– 42 kWh battery pack with a range of 390 km on a single charge.
– Rapid DC charging: 10% to 80% in 58 minutes.
– AC home charging (11kW Smart Connected Wall Box charger): 10% to 100% in about 4 hours.
Aerodynamics and Efficiency:
– Active Air Flaps (AAF) to manage airflow and aid in cooling vehicle components.
– R17 (D=436.6mm) Aero Alloy Wheels with Low Rolling Resistance (LRR) tyres to improve aerodynamic efficiency and range performance.
– Vehicle to Load (V2L): Allows users to power external devices both inside and outside the vehicle.
– i-Pedal technology: Enables one-pedal driving (acceleration, deceleration, and stopping with the accelerator pedal).
– Digital Key: Allows locking, unlocking, and starting the vehicle via smartphone or smartwatch.
Variants and Color Options:
– Available in four variants: Executive, Smart, Premium, and Excellence.
– It offers 8 monotone and 2 dual-tone color options, including 3 matte color finishes.
Hyundai aims to enhance EV adoption in India by expanding its public charging network to nearly 600 fast chargers over the next seven years. Additionally, HMIL’s myHyundai app includes the ‘EV Charge’ feature, which provides users access to more than 10,000 EV charging points across the country.
Gurugram-based lithium-ion battery recycling startup BatX Energies Pvt. Ltd. has opened its Critical Minerals Extraction plant (HUB-1) in Uttar Pradesh. The facility will extract materials such as lithium, cobalt, nickel, and manganese from used lithium-ion batteries. These materials are intended to support India’s EV sector and reduce dependence on imports, in line with targets such as Net Zero 2070 and AtmaNirbhar Bharat.
The facility expands on the company’s first Black Mass production plant in Sikandrabad, Uttar Pradesh, which was launched in late 2022. The new plant follows a 21-month industrial pilot initiated in mid-2023 and transitions operations to a commercial scale. It employs BatX’s chemical processes to extract critical materials for use in lithium-ion cell manufacturing. Designed and developed in-house, the plant is equipped to recycle various types of lithium-ion battery waste, including manufacturing rejects from gigafactories.
The facility operates with processes that minimize emissions, waste, and energy consumption while adhering to the Ministry of Environment & Forest’s Battery Waste Management Rules 2022. It focuses on making critical materials for EV batteries more cost-effective and accessible while meeting environmental and social governance (ESG) standards.
Utkarsh Singh, Co-founder and CEO of BatX Energies, said “Electric vehicles are at the forefront of the clean energy revolution, and BatX Energies is proud to lead this transition. The Hub-1 facility reflects our dedication to sustainable extractive metallurgy, creating a circular economy by recycling used batteries and reintegrating critical materials, India’s reliance on exporting black mass underscores the need for facilities like this. By collaborating with domestic R2 recyclers and battery producers, we aim to convert black mass into valuable metals at low cost, making battery recycling sustainable and economically viable for every stakeholder in the supply chain, and positioning India as a global hub for critical mineral refining by 2040.”
Vikrant Singh, CTO and Co-founder of BatX added, “This plant is the result of rigorous four years of R&D and the hard work of our passionate team. We are grateful to our investors, stakeholders, and the Government of India, including initiatives like Startup India, MSME, and the PSA Office for EU-TTC initiative, as well as EXIM Bank of India, for their crucial support,”
Tata Motors has launched a fleet of electric buses for workforce transportation at its Pantnagar plant in Uttarakhand. These buses, developed and manufactured in India, are powered by advanced battery systems. TML Smart City Mobility Solutions Limited (TSCMSL), a wholly owned subsidiary of Tata Motors, will operate the Tata Ultra 9m electric buses to facilitate employee commutes. The electric buses were flagged off at the Pantnagar plant by Mr. Asim Kumar Mukhopadhyay, CEO and MD of TML Smart City Mobility Solutions Limited, and Mr. Mahesh Suguru, Plant Head – Pantnagar, Tata Motors, in the presence of employees.
As per the company statement, this initiative aims to reduce carbon emissions by providing electric transportation for over 5,000 individuals. The e-buses are expected to save approximately 1,100 tonnes of CO2 emissions annually. The fleet will be charged using electricity generated from a 16MW solar energy plant, ensuring the operation’s reliance on renewable energy.
The Tata Ultra EV 9m buses operate on an electric drivetrain and are equipped with features like regenerative braking and Intelligent Transport Systems. This deployment extends Tata Motors’ electric mobility projects, which include over 3,100 electric buses currently in service across 10 cities in India, collectively covering more than 24 crore kilometers with a reported uptime exceeding 95%.
Speaking at the launch, Vishal Badshah, Vice President and Head – Operations, Tata Motors Commercial Vehicles, stated, “The introduction of electric buses for workforce commuting marks a significant step forward towards fulfilling Tata Motors Commercial Vehicles’ aspiration of achieving net-zero greenhouse gas (GHG) emissions by 2045. We are committed to making all our manufacturing facilities green by integrating sustainability across their entire value chain – from sourcing to development and engineering to operations. I am delighted to launch this initiative in Pantnagar first as it adds to and acknowledges the successes of the facility’s myriad of sustainability initiatives. This plant is already a certified Zero Waste to Landfill facility and has also received water-positive certification by CII-GBC. The launch of a zero emission, e-fleet service creates another major milestone in the sustainability journey of the plant.”
Naxatra Labs, a company specializing in electric vehicle motor technology, has secured Seed capital in a round led by GVFL, Mohit Tandon (Founder, Delhivery), and Himanshu Aggarwal (Founder, Aspiring Minds). Other investors in the round include Nithin Kamath’s Rainmatter Foundation, Vijay Shekhar Sharma (Founder, Paytm), Aloke Bajpai and Rajnish Kumar (Co-founders, Ixigo), Narayan (Ather Energy), and Sunil Kalra, among others.
Naxatra Labs focuses on the development of axial and radial flux motor technology for electric vehicles, agricultural machines, and power tools. With over four years of research focused on Indian driving conditions, the company has built and tested several motor variants, all produced in India. Naxatra Labs is in the process of setting up a production facility in Ahmedabad.
“We are excited to invest in Naxatra Labs, their focus is on lightweight and advanced motor technologies for local driving conditions. Their commitment to manufacture in India positions them as a key differentiator in the ecosystem. At GVFL, we are dedicated to supporting early-stage companies with scalable, sustainable technologies, and look forward to helping Naxatra Labs transform the future of electric mobility.” Said Mihir Joshi, MD at GVFL.
“India is making extraordinary strides in EV adoption. With favourable govt initiatives – Naxatra is primed to take the lead in building a motor technology company for Indian conditions. The team has demonstrated superior execution in technology development and these funds will help them further innovate and establish production capacity to serve the growing demand,” said Mohit Tandon, Founder Delhivery.
“We are thrilled to welcome all value-adding investors to Naxatra Labs. This infusion of capital and insight from experienced partners will catalyse our vision of transforming the Indian deeptech scenario with homegrown technology and mass production capacity.” said Abhilash, CEO and Co-founder of Naxatra Labs.
Naxatra Labs is expanding its R&D and production teams to enhance its capabilities. The company is receiving growing international interest in its products and is working on certifying its offerings to comply with global standards.
India is the world’s third-largest energy consumer and one of the fastest-growing economies. As the nation strives to meet its growing energy demands and reduce its carbon footprint, biofuels have emerged as a promising alternative.
According to Vivek Sharma, Principal Analyst at S&P Global Mobility, biofuels play a pivotal role in India’s transition to a more sustainable energy future. This article explores the role of biofuels in India’s energy landscape, government initiatives to promote their use, and the challenges and opportunities for scaling up biofuel production and consumption in the country.
According to the International Energy Agency, India’s energy demand is expected to grow by over 100% by 2040. India imports about 87% of its crude oil and 44% of its natural gas, making it vulnerable to global energy price fluctuations and geopolitical instability. This dependence contributes to trade imbalances and strains forex reserves. Additionally, fossil fuel use has led to serious environmental issues, prompting India to seek cleaner alternatives.
Biofuels are derived from organic materials such as crops, agricultural waste, and even algae.
These renewable energy sources can be used to replace conventional fuels like petrol, diesel, and coal in various sectors, including transportation, industry, and power generation. Biofuels are categorized into different types based on the feedstocks used and the technologies employed for their production.
A Sustainable Solution to India’s Economic Growth and Air Pollution Challenges
India, currently the 5th largest economy and the 3rd largest photovoltaic (PV) market globally, is well-positioned for ambitious future growth. India has vast potential for biofuel production due to its large agricultural base, favourable agro-climatic conditions, and abundance of agricultural waste. With over 100 million hectares of land under oilseed cultivation, India has a significant opportunity to produce biodiesel. Additionally, the large quantities of agricultural residues, such as rice husks, wheat straw, and sugarcane bagasse, offer ample resources for bioethanol production.
A Powerful Solution for Sustainable Transportation and Environmental Impact
Biofuels, especially in the transportation sector, offer a powerful solution to help combat air pollution by replacing fossil fuels with cleaner, renewable alternatives. The biogenic advantage of biofuels lies in their ability to capture and store carbon dioxide during their growth phase, effectively reducing the overall carbon footprint compared to traditional fossil fuels.
Furthermore, biofuels derived from agricultural waste and residues help reduce the need for waste disposal, promoting a circular economy where organic materials are repurposed to create valuable energy. This not only contributes to environmental sustainability but also enhances rural economies by creating new markets for agricultural by-products.
Government Initiatives and Policies
India has already made significant strides in biofuels development, with ethanol being used as an additive in petrol since the early 2000s and biodiesel production from jatropha being explored in various regions.
The Indian government has recognized the importance of biofuels in its energy strategy and launched several initiatives to promote their production and use. Key policies include:
Pradhan Mantri JI-VAN Yojana (2019): Encourages commercial projects and R&D in the second-generation ethanol sector, promoting biofuel plant establishment and innovation.
Samarth Mission: Aims to increase biomass co-firing in power generation from 5% to higher levels for carbon-neutral energy production.
Ethanol Blending Policy (2018): Targets 20% ethanol blending and 5% biodiesel blending by 2030, with a faster goal of 20% ethanol blending by 2025-26. This supports domestic biofuel production under the Make in India initiative.
GOBAR-DHAN Scheme (2018): Converts farm waste and cattle dung into compost, biogas, and bio-CNG, promoting sustainable agriculture and waste management.
Repurpose Used Cooking Oil (RUCO): Encourages converting used cooking oil into biodiesel, addressing waste management while promoting alternative biofuel feedstocks.
Central Financial Assistance (CFA): Offers financial support for biomass projects, including up to Rs. 5 Crores for biogas and Rs. 10 Crores for BioCNG projects.
Challenges in Scaling Biofuels Production
Despite their potential, widespread adoption of biofuels in India faces several challenges:
Feedstock Availability: Inconsistent and region-specific availability of suitable feedstocks, with issues like poor yield, land competition, and water scarcity in crops like Jatropha.
Technology and Infrastructure: Limited development of advanced technologies for efficient biofuel production. Infrastructure for production, storage, and distribution requires significant expansion and modernization.
Economic Viability: Higher production costs compared to fossil fuels, with fluctuations in feedstock prices (e.g., sugar for ethanol) and land/irrigation costs for biodiesel. Economic incentives are necessary to improve competitiveness.
Environmental and Social Concerns: Large-scale biofuel production could impact food security, land use, and biodiversity, especially if biofuel crops replace food crops or lead to deforestation.
Bio CNG: A Decarbonization Solution
Bio CNG is a promising clean technology for decarbonizing mobility. Produced from organic waste through anaerobic digestion, it offers a renewable energy source while helping reduce methane emissions, which are a significant concern in India due to agricultural practices and inadequate waste management. Methane, a potent greenhouse gas, can be captured from organic waste, including agricultural residue and landfill sites, and converted into Bio CNG, preventing its release into the atmosphere.
In urban areas with high waste generation, Bio CNG can be produced locally, reducing transportation costs and environmental impact.
Ethanol and BioCNG Vehicles: Maruti and Toyota’s Vision for a Sustainable Future
Maruti and Toyota have showcased prototype vehicles designed to run on ethanol and BioCNG. However, despite the promising prototypes, the commercialization and production of these vehicles have not yet materialized. The transition from prototype to production is complex, involving various challenges such as infrastructure development, fuel availability, and technological refinement. While these early efforts highlight the potential for ethanol and BioCNG to play a significant role in the future of mobility, further investment and policy support will be critical to bring these vehicles to the market at scale.
Opportunities for Biofuels in India
India has several opportunities to overcome these challenges and become a leader in biofuels production:
Second-Generation Biofuels: The development of 2G biofuels from agricultural residues, municipal waste, and non-food crops offers a significant opportunity to scale up biofuel production without competing with food production. 2G biofuels also have the advantage of being more environmentally sustainable, as they reduce waste and utilize low-value feedstocks.
Technological Innovation: Advances in biotechnology and bioengineering can help increase the efficiency of biofuel production processes. Research into algae-based biofuels, for instance, could help overcome land-use constraints, as algae can be grown in non-arable land and has a higher yield per hectare than conventional crops.
Public-Private Partnerships: Collaboration between the government, private industry, and research institutions can help drive innovation and investment in biofuel production. Public-private partnerships (PPPs) can facilitate the scaling up of biofuel technologies, enhance infrastructure, and increase access to financing.
Global Biofuel Market: As global demand for renewable energy increases, India has the potential to become a key exporter of biofuels. With its large agricultural base and growing expertise in biofuel technology, India can tap into international markets for ethanol, biodiesel, and biogas.
Conclusion
Biofuels present a significant opportunity for India to transition towards a more sustainable, low carbon energy system. With the right policies, technologies, and investments, biofuels can help reduce the country’s dependence on fossil fuels, alleviate energy security concerns, and contribute to climate change mitigation.
However, addressing challenges such as feedstock availability, economic viability, and infrastructure development will be critical to scaling up biofuel production in India. By focusing on second generation biofuels, promoting technological innovation, and fostering public-private partnerships, India can unlock the full potential of biofuels and pave the way toward a fossil-free future.
Perpetuity Capital, a finance platform focused on clean-tech mobility, has raised ₹7.5 crore through a combination of equity and debt. The funding round included contributions from investors such as Inderpreet Wadhwa (Founder & Former Chairman of Azure Power Global Limited), Sudhir Kothari (CEO of Embee Software), Transaction Square LLP, the founders, and family offices including Silver Pearl Limited, Baid Holdings, Clime Finance, and Wint Capital. VERTICES PARTNERS provided legal counsel for the transaction.
Perpetuity Capital, a Non-Banking Financial Company (NBFC), provides financing solutions for single owner-drivers, fleet operators, and gig economy workers to acquire 2- and 3-wheeler electric vehicles. The new funding will increase the company’s lending capacity and facilitate its expansion into Tier II and Tier III towns across India, supporting the growth of electric mobility in the country.
The company uses non-traditional data points to assess credit for customers who often lack access to financing through formal banking channels. Perpetuity Capital has financed over 2,000 electric vehicle assets to date, reporting a Gross Non-Performing Asset (GNPA) ratio of 1.8%.
“We are thrilled to welcome such a distinguished group of investors into the Perpetuity family,” said Karamveer Dhillon, Founder and CEO of Perpetuity Capital. “This funding is not just a testament to our vision but also a significant milestone in our journey toward building a sustainable and inclusive future. The funds will be instrumental in scaling our operations, refining our technology, and reaching more underserved customers across India.”
The transport sector contributes 15% of India’s carbon emissions, and Perpetuity Capital addresses this by financing electric vehicles in collaboration with over 40 EV Original Equipment Manufacturers (OEMs).
bp Ventures has invested $9 million in Zingbus, an intercity bus platform in India, as part of its Series A funding round. The investment will support Zingbus in scaling its operations and expanding its team. Zingbus has also entered into a commercial agreement with Jio-bp pulse to collaborate on electrifying intercity bus routes across India.
Zingbus, headquartered in Delhi, has developed a technology-driven platform that provides digital infrastructure for bus operators, including pricing, fleet management, route optimization, and a ticketing marketplace. The company aims to assist small and medium-sized bus operators in transitioning from internal combustion engine (ICE) buses to electric vehicles (EVs). Since its launch in 2019, Zingbus has served over two million users across 300 cities in India.
India’s road network spans approximately 6.4 million kilometers, with around 50 million people traveling between cities daily. Zingbus addresses challenges in intercity mobility, including unreliable services and unsafe boarding points, by offering solutions to make transport more efficient and accessible.
Zingbus CEO and co-founder Prashant Kumar stated, “Electric buses in India are cheaper to run than diesel ones, and with the Indian Government targeting a 100% electric bus fleet by 2030, we saw an opportunity to not only make the transition from ICE to electric more streamlined and cost efficient, but to also make life easier and safer for people travelling between cities. We’ve created a best-in-class tech platform that addresses the major challenges of running an electric bus, empowering bus operators with the tech they need to transition. This approach makes the model highly scalable and could allow us to support over 3000 electric buses on Indian highways in the next 5-6 years. That’s what we see as being our superpower.”
The commercial agreement with Jio-bp pulse will allow Zingbus to utilize Jio-bp’s EV charging network and convenience sites across the country. Jio-bp pulse operates a network of EV fleet charging hubs and public fast-charging points, including installations along highways. It has recently installed its 5,000th charge point.
Gareth Burns, vice president of bp Ventures, noted that “Zingbus’ end-to-end tech platform looks to benefit both bus operators and customers, providing an affordable solution to intercity travel. Our investment and Jio-bp pulse’s commercial agreement could help bus operators in their transition to electric fleets whilst delivering a service that is reliable and lower cost. This investment demonstrates bp Ventures’ ambition to champion innovation in the energy sector, alongside working in support of bp’s broader strategy. We look forward to supporting Zingbus as they continue to grow.”
