1. Servotech to supply 1500 EV chargers to Hindustan Petroleum.

Servotech Power Systems has received an order of 1500 DC fast-chargers from Hindustan Petroleum (HPCL). Servotech will manufacture, supply and install these EV chargers at HPCL petrol pumps across the country. The order is valued at Rs 102 crore and involves two charger variants of 60 kW and 120 kW. The company had previously bagged an order worth Rs 120 crore from Bharat Petroleum (BPCL) to install 1800 EV DC chargers.

Shares of the company hit the upper circuit after this announcement. Servotech stock has continuously been on the rise and has given multibagger returns of almost 400% in the last 2 years. Currently, Servotech has a market capitalization of Rs 2167 crore and is a prominent player in the EV charger market.

2. EV charging station installed at Novotel Mumbai.

The Novotel Mumbai Juhu Beach has announced the installation of an EV charging station at the hotel. The GM of the hotel Mr Vishal Gupta gave a statement: ‘The launch of the EV charging station is a proud moment for us. It not only advances our sustainability agenda but also enhances our commitment to offering innovative & environment-friendly solutions to our guests.’

Apart from this charging station, the hotel had recently set-up an in-house bottling plant in 2023, to reduce plastic bottle usage.

3. Log9 and Trinity Cleantech come together for an interoperable EV charging network.

Log9 Materials and Trinity Cleantech have joined hands to set-up a seamless interoperable EV charging network. Trinity Cleantech under the brand name ‘ThunderPlus’ will contribute 2000 public EV charging stations, that are expected to be deployed across the country by the end of 2025. This collaboration will extend beyond hardware integration. Trinity Cleantech’s ThunderPlus will integrate with Log9’s InstaCharge tech, thereby streamlining operations for EV fleet charging.

The two companies have also made an announcement regarding jointly handling technological advancements in connectors, protocols & payment gateways, thereby assuring compatibility for years to come. The tie-up aims to dominate the future of the new Type 6 fast-charger, the nextgen standard. The commitment to interoperability extends to the BCA LEV DC standard (IS 17017-25 and IS 17017-2-6). The new Type 6/Bharat LEV DC is quickly emerging as a standard fast charge protocol for last-mile electric two & three-wheelers and Log9 is working tirelessly to make sure access to the same is available for their next generation fast-charge battery consumers.

4. IONAGE collaborates with SundayGrids for a unique offering.

Bengaluru-based unified EV charging platform IONAGE, has collaborated with SundayGrids, a 'digital solar' platform, to introduce India’s first ‘digital solar-based’ EV charging platform. This tie-up will provide EV users convenience of charging their vehicles using solar power ‘anywhere, anytime’! This new partnership will allow EV users to subscribe and utilize ‘digital solar credits’ for home chargers and across all charging points onboard the IONAGE platform. This ‘digital solar’ from SundayGrids is different from rooftop solar. Instead of generating power via rooftop solar panels, subscribers receive credits to offset their power bill. These credits are transferred online, allowing subscribers to access ‘solar’ from any place, any time.

Currently, IONAGE has 3000 EV charging points across the country onboard its platform. It aims to add another 3000 points in the next 6 months.

5. Terra Charge to set-up a Park and Charge facility for Pune-based EV cab service company.

Terra Charge is partnering Pune-based electric ride-hailing service GrEL Cabs to set-up a Park and Charge facility in Hinjewadi, Pune. Terra Charge will install 11 advanced EV chargers at the facility, catering to the fast charging needs of GrEL’s electric cab fleet. This is the second time the two companies have come together. Previously, Terra Charge had set-up a charging hub for GrEL’s EV fleet near Pune Airport.

Terra Charge is rapidly progressing towards its target of installing 1000 EV charging points by the end of 2024.

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