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Old 8th January 2020, 12:03   #1
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Default Charging infra company EVI Technologies to invest 100 crore, aiming 20,000 stations across India

Charging infra company EVI Technologies to invest 100 crore, aiming 20,000 stations across India-evi-tech-implementation-phase-1.jpg
Founded by IIT Delhi alumni, EVI Technologies has developed a special charger, tailored for the Delhi government e-Mobility policy.

Quote:
New Delhi: Electric vehicle charging infrastructure provider EVI Technologies plans to invest around Rs 100 crore in the next 18-months, aiming 20,000 charging stations across the country, a senior company official said.

Speaking to ETAuto, Rupesh Kumar, CEO, EVI Technologies said, "Lack of charging infrastructure creates huge range anxiety among users. If I am going to travel 300 km and there is no charging, so I will refrain from using the car but once there is a charging infrastructure after every 25 km or possibly 50 km, people will start buying cars automatically."

Founded by IIT Delhi alumni, this EV charging startup has also developed a special charger, tailored for the Delhi government e-Mobility policy. Talking about these chargers, he said, "Since India is a temperate country with higher range of temperature, every 60 kilometer affects the performance of lithium-ion batteries. So, we have developed a charger which will automatically decide the charging rate, charging time-based on the temperature fed by the data in the system."

The company is parallelly working on battery swapping for the lower segment of vehicles. It aims to set up around 400 battery swapping stations in the next fiscal year, Kumar added. "For the next three years, we are mainly focused on the battery swapping for two-wheelers and three-wheelers. We have already tied-up with few OEMs and public charging stations in specific smart cities and will also be looking at the four-wheelers."
  • These chargers can be installed at customer home once they pay the subsidy part of the total amount, while the remaining will be invested by the company. As per the recent policy announcement, there is a subsidy of Rs 6000 on each charger going up to Rs 30,000 based on the quantity of chargers.
  • The company has inked pacts with several discoms for setting up battery swapping and charging stations, along with the operation and maintenance.
  • Under its recent partnership with BSNL, the company plans to set up charging infra in 5,000 locations across the country. The first set of charging stations under the initiative are planned to open next month in Maharastra and Haryana. It has already installed 203 public chargers across the country till date.
  • The company is also planning to set up around 400 battery swapping stations in the next fiscal.
Source: ET Auto
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