EVRE, an EV charging infrastructure player and Park+, a smart parking solutions company have announced their partnership for establishing 10,000 EV charging stations across India over the next two years. The long-term partnership will include collaboration in acquiring spaces for setting-up smart charging & parking hubs for logistics and people mobility segment.
Under the partnership, EVRE will conceptualise design, manufacture, establish, operate and maintain the EV charging infrastructure, while Park+ will arrange for and manage the real-estate aspect of the hub.
At present, Park+ is already live in over 1,000 apartments, more than 250 corporate and 30 malls. The company says with such a deep network it is in a position to help partners not only with location but also with consumer demand. The charging stations will be established across high demand areas like shopping complexes, residential townships, malls, hotels and corporate tech parks helping in higher utilisation.
The phase-wise implementation will include setting-up 300 charging hubs in Delhi NCR by the end-2021, 100 in Bangalore, Mumbai and Pune each, leading to building ground-up charging infrastructure for increasing density of stations in a build-up for increased EV adoption in the urban communities. The partnership entails customised revenue-sharing model for each hub with respect to its elements including the property category and location among others.
Krishna K Jasti, co-founder, EVRE said, “This unique partnership provides an incentive to all the stakeholders involved - the EV user, infrastructure provider, Park+ and EVRE by leveraging these high-footfall incentivised parking spaces. In a cyclic manner, these hubs will go a long-way to accelerate the EV adoption in the country. With this partnership, we mark our entry into the Delhi EV ecosystem, and consider the partnership for 10,000 stations as our next step towards sustainable infrastructure to enable hassle-free EV usage through viability and accessibility for the consumers”.
Amit Lakhotia, founder and CEO, Park+ said, “It is extremely important to choose right locations for setting up EV charging stations as only then the utilisation can go high. This is where Park+ is helping EVRE with high footfall locations from its over 5,000 parking locations across India. Park+ is helping EVRE to scale across the country and this partnership shall help EVRE in scaling to multiple locations in a much faster way”.
The association will benefit the partners as the parking space is upgraded by providing access to charging of an electric vehicle lies idle at the parking slot, generating revenues for the partners.