Bengaluru-based commercial electric fleet operator Lithium Urban Technologies earlier this week entered a joint venture with a renewable energy solutions provider, Fourth Partner Energy to build charging infrastructure across India.
As per the equal partnership JV, ‘Shuchi Anant Virya’ Fourth Partner Energy will provide a combination of onsite and offsite solar solutions and renewable energy trading options for the Lithium Urban Technologies electric fleet. While Lithium Urban will serve as the ‘anchor client’ providing base demand across charging hubs.
“Solar-powered EV charging infrastructure will not just close the loop on procuring clean energy for electric vehicles but will also result in improved cost-efficiency,” said Vikash Mishra, Head of External Relations, Lithium Urban Technologies. “Lithium is readying India for this future of shared, connected, electric mobility. With the help of Fourth Partner Energy, we are confident of enabling this transition in a zero-carbon manner.”
The joint venture also unveiled its first electric vehicle charging hub in Gurugram, capable of charging 25-30 vehicles at a time as per the company statement. The JV has commissioned the second charging hub which will come up in the city of Pune.
The Pune charging hub near Kharadi will serve as one of the largest EV charging hubs for electric four-wheelers and will have the capacity to charge more than 40 vehicles simultaneously noted Vinayak Kathare, Business Head at Shuchi. Kathare added that” the plan for FY 21 is to add a couple of more charging hubs across Delhi-NCR and at least in one in Hyderabad, Bengaluru, and Mumbai.”
“The global transition to electric mobility can be considered truly green only when the increased demand for energy is met by clean, renewable sources – Shuchi was formed to address this opportunity,” added Vivek Subramanian, Co-founder & ED at Fourth Partner Energy.