Hero MotoCorp, Bharat Petroleum to set up charging infrastructure for 2W EV
Date: 22 Feb 2022
Two
wheeler manufacturer Hero MotoCorp has joined hands with Bharat Petroleum
Corporation Limited (BPCL) to set up charging infrastructure for two-wheeled
electric vehicles (EVs) across the country.
“The partnership with BPCL,which is already at
the forefront of customer energy solutions, will be beneficial for both the EV
segment and customers. This collaboration will also unlock opportunities for
asset allocation and expansion in the future,” said Dr. Pawan Munjal, Chairman
and CEO, Hero MotoCorp.
“As
we step into the exciting phase of energy transition, BPCL will continue to be
at the forefront of accelerating the spread of clean energy in the country and
will be creating a network of 7000 Energy Stations across the country with EV
charging leading our endeavor… Our alliance with Hero MotoCorp, global leader
in the two-wheeler industry and with a fine penchant for innovation, is
therefore an extremely strategic step towards ushering in an era of
best-in-class EV charging solutions for our customers in our Energy Stations
and an exciting future of innovative solutions in the EV sector,” said Arun
Kumar Singh, Chairman & Managing Director, Bharat Petroleum Corporation
Ltd.
Bharat
Petroleum, accelerating its focus on new business segments for sustainable
growth, announced in September 2021 that it is converting 7,000 conventional
Retail Outlets into Energy Stations providing multiple fueling options, which
will include EV charging facility also, in the medium to long term.
The
two mega entities will first establish a substantial charging infrastructure at
the existing nationwide energy station network and subsequently may broaden the
collaboration to develop more synergies within the EV ecosystem and adjacent
business verticals, thereby enabling prospects throughout the customer life
cycle.
In
the first phase, charging stations will be setup across nine cities starting
with Delhi and Bengaluru. The network will be then expanded across the country
with the aim to establish a high density of charging stations.
Hero
MotoCorp will soon commence the infrastructure development in the two cities.
Each charging station will feature multiple charging points including DC and AC
chargers and will be available for use to all two-wheeled EVs.
The
entire user charging experience will be controlled by a Hero MotoCorp
Mobile-App and will be a cashless transaction model.
The
massive Bharat Petroleum energy station network will also provide accelerated
opportunities to expand the scope of operations and services. The companies may
utilise the gateways created to make additional investments into building a
robust EV ecosystem.