Reliance BP Mobility Limited (RBML), operating under the brand name Jio-bp, has entered into an MoU with Mahindra Group for exploring the 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 tonnes). This would include captive fleets and last-mile mobility vehicles of Mahindra Group.
Mahindra Group and its channel partner locations will be evaluated for the 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.
Also see: Jio-bp opens first mobility station
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 between Jio-bp and Mahindra Group, various possibilities and orientation of database, operations support systems, software, pilot and commercial-scale business model and types of charging and swapping facilities are proposed to be explored and implemented 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,” said the press release.