Mumbai-based electric vehicle (EV) charging company Magenta Power has signed a memorandum of understanding (MoU) with app-based electric scooter rental service ematrixmile India to install and commission EV charging stations in Maharashtra.
The alliance is part of Magenta’s plan to install around 10,000 EV charging stations across India and the company eventually aims to roll out the network nationwide.
Ematrixmile aspires to be the nation’s largest ‘dock station mobility company’ and to provide a multi-model fleet of electric scooters, bicycles and rickshaws in more than 50 cities by next year.
“Ematrixmile is focused on growing the EV charging infrastructure in India,” said the company. “The MoU signed will help us to achieve our mission and help us grow in the long run by bringing the right solutions together, i.e. the amalgamation of the technological prowess of the Magenta team along with our business models. This is our first step towards deploying innovative [an] EV solution and we look forward to developing a sustainable ecosystem with our business partners.”
Magenta—backed by Hindustan Petroleum Corporation Ltd, Shell and Microsoft—provides ‘socket-to-software’ solutions for EV charging and has launched EV charging products including the ChargeGrid Flare streetlamp-integrated charger and the ChargeGrid Series.
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