This Startup plans to build Charging Stations. 6,500 over 5 Years
Electric Vehicle startup EV Motors India on Wednesday announced that the company plans to set up 6,500 electric vehicle charging stations across India over the next 5 years.
The announcement comes even as the Delhi government just announced its plans to give full subsidy for setting up charging points in the city, in its draft of the new “Delhi EV Policy 2018.” The state plans to give 100 percent subsidy with a cap of Rs 30,000 for first 10,000 charging points at residential and non-residential buildings.
Read: Choking under pollution, Delhi’s Draft EV policy proposes big moves
The start-up has tied up with Swiss MNC company ABB and Taiwan-based electronics company Delta to install the charging outlets across cities, businesses and residential complexes, with an estimated investment requirement of around Rs 1400 crores which the company plans to raise through funding rounds.
The company’s first charging station ‘PlugNgo’ was commissioned yesterday at the DLF area in Gurgaon. All the chargers that are to be set up as a part of the partnership will be networked and connected to PlugNgo’s cloud-based integrated software platform. The next phase will see the installation of 20 outlets in the Delhi-NCR in the next year and from there the program will expand to other cities including, Bengaluru, Chandigarh, Jaipur, Ahmedabad, Kanpur, Kolkata, Mumbai, Pune, Hyderabad, Amritsar, Bhubaneshwar, Cochin, Indore, and Chennai, which will all also be getting service centres to provide seamless support for its customers.
Vinit Bansal, Managing Director, EV Motors India said, “For the nation to progress towards the vision of a large fleet of EVs across the country, a co-ordinated approach between Real Estate Developers, Vehicle OEMs and Charger Manufacturers is necessary and we thank our partners for all their support and look forward to a continued engagement with them.” He further added in a media statement, “The charging stations will comply with both the Indian and international standards, including the Bureau of Indian Standards, the Combined Charging System (CCS), and the Charge de Move (CHAdeMO).”
The PlugNgo charging solution will come layered with a vehicle to vehicle charging proposition, to be availed through the PlugNgo mobile application, controlled and maintained by a location based networking system. Under this service, any vehicle, within the company’s network, left stranded due to battery dissipation shall be assisted with its charging needs within 30 minutes by a services vehicle provided by the company’s service centres. The PlugNgo platform will also deliver customised installation support, round clock service, maintenance support and remote vehicle charging monitoring and e-payments through the application.
“India is at the cusp of evolving into one of the world’s fastest growing economies. To propel on this notion further, it needs to rapidly adapt to new age reforms and technological changes that can potentially change the future. Electrically powered vehicles are a critical element of the future, thus we are happy to partner with PlugNgo to help the country realize this potential,” K.N. Sreevatsa, Business Unit Manager, ABB India said.
Of course, with funding yet to be tied up for the expansion, it remains wait and watch to see just how far EV Motors succeeds with its plan to power EV’s.
