Mahindra with Reliance BP Mobility Limited (operating under the name Jio-bp) to explore electric vehicle development and set up charging stations. The Memorandum of Understanding (MoU) between the two companies aims to evaluate charging solutions by Jio-bp for Mahindra’s electric three- and four-wheelers and small commercial vehicles.
The partnership will also explore the manufacturing of EVs and identify low-carbon and conventional fuels as part of India’s mission to achieve net-zero carbon emissions.
This collaboration will also help establish charging stations and swappable battery solutions at locations in addition to the existing Jio-bp stations.
Mahindra offering the battery-swap for a nominal fee, mainly with light commercial EVs, as this method is unlikely to work for more complicate electric four-wheelers with the battery integrate into their structure.
These two companies will also explore business models like Mobility as a Service (MaaS) and Battery as a Service (BaaS), and Jio-bp could provide charging solutions to Mahindra’s EVs.
Jio-bp recently launch its first facility in Maharashtra, offering multiple fueling choices and EV charging stations.
Mahindra for EVs from the ground up as part of the nine models it plans to launch by 2026.
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