Insight Online News
New Delhi, Dec 8 : Reliance BP Mobility which functions under the brand name of Jio-bp and the Mahindra Group will explore creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels.
The two partners will also evaluate charging solutions by Jio-bp for Mahindra vehicles including electric 3 and 4 wheelers, quadricycles and e-small commercial vehicles – sub 4 ton) under a non-binding MoU signed on Wednesday. This would include captive fleets and last-mile mobility vehicles of the Mahindra Group. Jio-bp is a fuels and mobility joint venture between Reliance Industries and UK’s bp plc.
The EV market in India is still in a nascent stage and through this MoU, various possibilities and orientation of database, operations support systems, software, pilot and commercial-scale business model and types of charging and swapping facilities are proposed to be explored and implemented subject to techno-economic feasibility and necessary approvals.
Under the MoU, Jio-bp and the Mahindra Group will aim at leveraging the strengths of both companies in the areas of EV products and services. Mahindra Group and its channel partner locations will be evaluated for setting up of Jio-bp mobility stations and EV charging and swapping points apart from utilising existing Jio-bp stations.
Jio-bp recently launched its first mobility station in Maharashtra, offering multiple fuelling choices including EV charging infrastructure, while providing world-class retailing experience. Additionally, business models like mobility as a service (MaaS) and battery as a service (BaaS) will be explored wherein Jio-bp could provide charging solutions to vehicles made by Mahindra Group.
The partnership is an effort towards accelerating EV adoption in India with high-performance and swappable batteries that will help in dispelling range anxiety.
The solutions will of great convenience to customers who can ideally bring in a depleted battery to their nearest swapping station and within minutes move on with fully charged batteries by paying a nominal fee. Such innovative solutions will broaden the horizon for both the companies and help realize India’s net-zero emissions goals faster.