Jio-bp, Mahindra Group sign MoU on EV and low-carbon solutions
20 December 2021
Reliance BP Mobility Limited (RBML), operating under the brand name Jio-bp and the Mahindra Group have announced a non-binding MoU for exploring creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels.
The MoU also covers evaluating charging solutions by Jio-bp for Mahindra vehicles, including electric 3 and 4 wheelers, quadricycles and e-SCV (Small Commercial Vehicles – sub 4 ton). This would include captive fleets and last-mile mobility vehicles of Mahindra Group.
The partnership aims to leverage the strengths of both companies in the areas of EV products and services, Reliaance Industries stated in a release.
The partnership will evaluate locations of Mahindra Group and its channel partner for setting up of Jio-bp Mobility Stations and EV charging and swapping points apart from utilising existing Jio-bp stations.
Jio-bp recently launched its first Mobility Station in Maharashtra, offering multiple fuelling choices, including EV charging infrastructure, while providing a world-class retailing experience. Additionally, business models like Mobility as a Service (MaaS) and Battery as a Service (BaaS) will be explored wherein Jio-bp could provide charging solutions to vehicles made by Mahindra Group.
The EV market in India is still in a nascent stage and through this MoU, the partners propose to explore various possibilities and orientation of database, operations support systems, software, pilot and commercial-scale business model and types of charging and swapping facilities, subject to techno-economic feasibility and necessary approvals.
The partnership aims at accelerating EV adoption in India with high-performance and swappable batteries that will help in dispelling range anxiety. The solutions would afford great convenience to customers who can ideally bring in a depleted battery to their nearest swapping station and within minutes move on with fully charged batteries by paying a nominal fee. Such innovative solutions will broaden the horizon for both the companies and help realise India’s net-zero emissions goals faster, the release adds.