Magenta Power introduces billing meter for EV charging stations

Magenta Power, a leading EV charging infrastructure solution provider in India has announced a billing meter for EV chargers in association with MSEDCL (Maharashtra State Electricity Distribution Company Limited). It has been installed at Magenta Power's charging station in Navi Mumbai.

The company intends to introduce the EV charging meter at a subsidised rate. Individual states like Maharashtra, Karnataka, Andhra Pradesh, Telangana published their EV policies with this subsidised energy rates on offer. But on the ground, while some EV charging stations have come up, they have been connected to the base meters which meant higher prices for the consumers. With the support of the government of Maharashtra and the ‘MAITRI ‘program and installation by MSEDCL, the state of Maharashtra has installed an EV billing meter, which is also claimed to be the first of its kind in the country.

Speaking on the launch, Maxson Lewis, director – Magenta Power said, “This is a first of its kind initiative in India which now opens up the nation to setup such charging points under the government’s EV support program. The idea is to make the charging experience across India as convenient as possible. While this meter setup is a small step it is a significant one in India’s EV journey. This meter has been setup at a charging station installed by Magenta Power in Navi Mumbai.

Magenta Power will be deploying the new EV billing meters on all of its 6 charging stations already in operation. Magenta Power is planning a slew of new charging stations on other important highways under the EV billing meters scheme.