NTPC Signs MoU with Seven Electric Vehicle Aggregators

NTPC signed MoUs with Vehicle Aggregators Ola, Lithium, Shuttl, Bikxie, Bounce, Electrie and Zoom Car for development and utilization of public charging infrastructure today. This collaboration with Aggregators, having the presence in the entire spectrum of e-mobility across India, will lead to the development of charging infrastructure for the various vehicle segments as well as effective utilization of public charging infrastructure. The arrangement would thus provide a win-win situation for all stakeholders. Senior leaders from IOCL and HPCL were also present during the event.

Company is planning to provide charging solutions for the entire range of electric vehicles ranging from electric buses to electric 2/3-wheelers and developing associated e-mobility ecosystem across the country. NTPC is in discussion with various State/City administrations for creation of charging infrastructure for public transport and has signed MoUs for cities of Jabalpur, Navi Mumbai and Bhopal.

NTPC has already installed charging stations across its generating stations and Regional offices. Company has also been associated with IOCL, HPCL and DMRC for development of public charging infrastructure. With these tie-ups NTPC plans to set up a broad based charging infrastructure for electric vehicles, effectively addressing the issue of range anxiety for these vehicles.

NTPC is thus supporting the Government of India’s initiatives for the adoption of e-mobility. The e-mobility in India is at the nascent stage and close coordination among the various stakeholders in the e-mobility ecosystem is required for enabling a rapid transition to electric mobility.

Source- EQ International