JIO-BP ties up with TVS Motors for EV solutions

JIO-BP, TVS Motors in EV alliance

by 5paisa Research Team Last Updated: Apr 06, 2022, 06:52 PM IST

JIO-BP, an arm of Reliance BP mobility, has decided to partner with TVS Motors to create and nurture the electrical vehicles (EV) charging infrastructure in India. This effort will be focused on electric two-wheelers and three-wheelers in the country.

The partnership between JIO-BP and TVS Motors will be aimed at creating a regular AC (alternate current) charging network and a DC (direct current) fast-charging network.

Both Jio-BP and TVS Motors have held on the to the view that the big missing link in the India green mobility plans would be the availability of adequate charging infrastructure.

There is the need for widespread and reliable charging infrastructure for customers at short notice if EVs have to really take off in the Indian context. Both companies will also bring their best in class insights in electrification to apply in the Indian markets.

JIO-BP is the congregation of green energy and technology. Currently, Jio-BP is operating its EV charging and swapping stations through the Jio-BP pulse app. Using this app, customers can find nearby stations and charge their electric vehicles.

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Jio-BP is also planning to create a complete and comprehensive charging ecosystem that will benefit all the relevant stakeholders in the electrical vehicles (EV) value chain.

Currently, the sales of green vehicles are happening at a rapid pace and it behoves upon the sellers to ensure  proper charging and swapping infrastructure so that such euphoria can be sustained.

Since its launch, TVS Motor Company has sold more than 12,000 units of its high-speed electric scooter TVS iQube. This is part of their large portfolio offering of electric mobility products. TVS Motors has committed Rs.1,000 crores towards EV business.

To create a first mover edge in electrification, TVS Motors is readying a complete and a comprehensive portfolio of two wheelers and three-wheelers. These will be in the range of 5-25KW and almost all these products will hit the electrical mobility market in the next 24 months.

It is expected that this partnership between Jio-BP and TVS Motors will catalyse EV adoption in India and also the urgent creation of relevant EV infrastructure.

Interestingly, the biggest thrust to the shift to EVs is likely to come from the rapid adoption of the EV model among two and three-wheeler customers in India. These are the customers who actually aspire to take a step forward in going electric. That is where the rapid proliferation of these charging stations will give a boost to the EV story in India.

Also Read -

TPG Invests $1 Billion in Tata Motors EV Business

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