Ola Electric Mobility Pvt. Ltd. (Ola Electric) has inked a partnership with India’s leading power distribution companies, BSES Yamuna Power Limited (BYPL) and BSES Rajdhani Power Limited (BRPL) as it continues its efforts to drive transformational growth across India’s EV ecosystem. As part of a Memorandum of Understanding (MoU), the companies will jointly work towards developing an ecosystem that is conducive to the transition to electric vehicles through the establishment of Battery Swapping and Charging Stations in the national capital.
This is a first of its kind agreement in New Delhi and will help accelerate the adoption of EVs in the city. As part of the strategic partnership, Ola Electric will work with power utility companies in Delhi to build a network of charging and swapping stations and provide existing and future electric vehicle users with easy access to charging. The EV Battery Swapping Stations will be set-up at mutually identified locations across East, Central, South and West Delhi, areas where BYPL and BRPL operates. Electric vehicles (two & three wheelers and E-Rickshaws), will be able to avail of these services at these stations in the initial phase. BYPL will facilitate in identification of strategic locations for these stations, depending on the optimum usage and potential of electric vehicles in the area.
Supporting the shift to e-mobility and building a smarter and robust mobility industry, Ola Electric has been working towards providing infrastructure to enable “clean kilometres travelled.” The company has already set up charging networks around the country and is running several pilots to deploy electric vehicles and charging solutions, including battery-swapping stations, amongst other initiatives.
Speaking about this collaboration, Ankit Jain, Co-Founder, Ola Electric, said, “Ola Electric has been working closely with ecosystem partners across the country to facilitate mass adoption of EVs and create solutions to operate with minimal restrictions. This program further augments our efforts to lay a strong foundation to enable the smooth functioning of EVs across the country by creating a widespread network of charging solutions that vehicle owners and operators can rely on.”
Commenting on the BYPL-Ola Electric partnership, Mr. P R Kumar, CEO of BYPL said, “BSES is gearing-up to play a major role in the promotion of the EV sector in the national capital. This partnership with Ola Electric is in continuance of these efforts. Setting-up of battery swapping stations will virtually eliminate the wait-time for charging, thus removing a major impediment preventing the adoption of EVs. I am confident, such measures will provide the much-needed trigger to increase the penetration of EVs in Delhi and go a long way in reducing pollution.”
Commenting on the collaboration, Mr Amal Sinha, BRPL CEO said, “BSES is committed towards green and sustainable initiatives. Promoting E-Mobility and renewables, a key to attain climate action goals, are the two main drivers of this endeavour. As part of this, we are actively engaging with key stakeholders to create an ecosystem, including allocation of land for setting-up such stations, for the promotion of E-mobility. Setting-up of battery swapping stations will not boost the adoption of EVs, but also help in reducing power-theft by E Rickshaws.”
About Ola Electric:
Ola Electric Mobility Pvt Ltd develops solutions to make Electric Mobility viable at scale, enabling more clean kilometres on Indian roads. Ola Electric is backed by several global investors including Ola, India’s leading mobile platform and one of the world’s largest ride-hailing companies. For more details, please visit www.olaelectric.in