Essel Infraprojects launches EV charging & battery swapping Infrastructure
Date: 29 Jul 2018
Essel Infraprojects Ltd, (EIL)
an enterprise of Subhash Chandra led Essel Group has launched its electric
vehicle charging and battery swapping Infrastructure initiative under Essel
Green Mobility Limited in Lucknow.
Under the project, EIL is
going to invest Rs 1750 crore in phased manner with the launch of 250 charging
stations, 1000 battery swapping stations in 20 cities of UP. The announcement was made during the
foundation stone laying ceremony by Prime Minister Narendra Modi in Lucknow.
EIL’s electric vehicle launch was among different industrial projects announced
in the state capital.
EIL project will kick-start
the EV Ecosystem in effective manner as EIL will also invest in simultaneous
deployment of 25000 e rickshaws which will generate 50,000 jobs in the state. It
will reduce the cost of battery charging and would help to bring at par with
CNG or any other alternative fuel. The project will also address the issue of
last mile connectivity which has been a major stumbling block in local
Through this Project, the
company aims to improve driver’s living standard by raising their income. Also,
it will provide Battery Swapping options at every 2 sq. kms which will be
supported by digital APP to enable drivers locate the nearby swapping station.
The battery can be swapped in 2-3 minutes increasing vehicle productivity for
The operations will start from Ghaziabad and
would cover other cities like Lucknow, Kanpur, Agra, Noida, Meerut, Varanasi,
Gorakhpur, Allahabad etc.
Source: Essel Infraprojects Ltd