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Reliance BP Mobility Limited (RBML), operating under the brand name Jio-bp, and the Mahindra Group have signed a non-binding memorandum of understanding for the creation of electric vehicle products and services as well as identifying synergies in low-carbon and conventional fuels.
The MoU also covers evaluating charging solutions from Jio-bp for Mahindra vehicles including electric three- and four-wheelers, quadricycles and e-SCV (small commercial vehicles — sub-4 tonne). This would include captive fleets and last-mile mobility vehicles of Mahindra Group, RBML said in a statement.
The partnership aims to leverage the strengths of both companies in the area of EV products and services.
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Mahindra Group and its channel partner locations will be evaluated for setting up Jio-bp Mobility Stations and EV charging and swapping points, apart from utilising existing Jio-bp stations.
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 for vehicles made by Mahindra Group.
Jio-bp recently launched its first mobility station in Maharashtra, offering multiple fuelling choices including EV charging infrastructure.
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The EV market in India is still nascent and, through the MoU, the two companies will explore various possibilities and orientation of database, operations support systems, software, pilot and commercial-scale business model, and types of charging and swapping facilities.
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The partnership aims at accelerating EV adoption in India with high-performance and swappable batteries that help in dispel range anxiety. Customers can ideally bring in a depleted battery to the nearest swapping station and, within minutes, ride away with a fully charged battery for a nominal fee. Such innovative solutions will broaden the horizon for both companies and help realise India’s net-zero emissions goals faster, RBML said.
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