Essel Infraprojects launches EV charging & battery swapping Infrastructure

Date: 29 Jul 2018

Essel Infraprojects Ltd, (EIL) an enterprise of Subhash Chandra led Essel Group has launched its electric vehicle charging and battery swapping Infrastructure initiative under Essel Green Mobility Limited in Lucknow.

Under the project, EIL is going to invest Rs 1750 crore in phased manner with the launch of 250 charging stations, 1000 battery swapping stations in 20 cities of UP.  The announcement was made during the foundation stone laying ceremony by Prime Minister Narendra Modi in Lucknow. EIL’s electric vehicle launch was among different industrial projects announced in the state capital.

EIL project will kick-start the EV Ecosystem in effective manner as EIL will also invest in simultaneous deployment of 25000 e rickshaws which will generate 50,000 jobs in the state. It will reduce the cost of battery charging and would help to bring at par with CNG or any other alternative fuel. The project will also address the issue of last mile connectivity which has been a major stumbling block in local transport infrastructure.

Through this Project, the company aims to improve driver’s living standard by raising their income. Also, it will provide Battery Swapping options at every 2 sq. kms which will be supported by digital APP to enable drivers locate the nearby swapping station. The battery can be swapped in 2-3 minutes increasing vehicle productivity for plying.

 The operations will start from Ghaziabad and would cover other cities like Lucknow, Kanpur, Agra, Noida, Meerut, Varanasi, Gorakhpur, Allahabad etc. 

Source: Essel Infraprojects Ltd                          

 

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