After paving the road to electrification with convenient fast EV charger installations in Airoli, Navi Mumbai, GreenShift Initiatives Private Limited has set up yet another fast EV charging hub near Chembur, Mumbai.
GreenShift, which was founded in 2019, is one of the first movers in the fast EV charging sector exclusively catering to residential and commercial condominiums. It plans to set up multi-level charging hubs around residential enclaves, business hotspots, IT parks, and other populous areas across Mumbai.
The company plans to expand its footprint across new markets, including Mumbai, Pune, Hyderabad, Bengaluru, Delhi NCR and Lucknow by 2022, with fast public charging stations. As a part of its first and second phase of installation plans, GreenShift aims to set up more than 10-12 fast electric vehicle chargers by 2021, and upto 100 during 2022, which will be a silver bullet for its ambitious carbon emission mitigation agenda.
India seems to be standing on the verge of an electric vehicle boom, with many states coming up with policy incentives that exempt battery-operated vehicles from paying road tax. However, one of the key deterrents to realising the full potential of electrification is an insufficient charging infrastructure in metro cities, said Satinder Aggarwal, Founder & Managing Director, GreenShift Initiatives Private Limited (GIPL).
Our fast charging network can be used by all electric four-wheelers. Our latest fast EV chargers can recharge vehicles within 45 minutes as it’s designed explicitly to charge up to two four-wheeled electric vehicles simultaneously with its dynamic power distribution capabilities, informed Aggarwal.
GreenShift’s fast EV charging public infrastructure will go a long way in instilling confidence amongst customers. According to Avendus Capital, the electric vehicle market in India is poised for a major revolution and the market is pegged to be worth INR 50,000 crore by 2025 in India.