Invest India, the national investment promotion and facilitation agency under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has entered into a strategic partnership with ARC Electric, a company that provides electric cab services to corporate clients.
The partnership aims to support ARC Electric’s expansion plans in Tier 1 and Tier 2 cities by providing funding assistance for scaling operations, infrastructure development, and implementation of electric mobility solutions for the corporate sector.
As part of this initiative, ARC Electric plans to enter Hyderabad and Bangalore, targeting the deployment of over 5,000 electric vehicles within the next 18 to 24 months. The company intends to focus on providing clean and reliable transportation services to businesses in key urban markets.
Kuldeep Singla, Senior Manager at Invest India, said that ARC Electric’s plans align with India’s goals for sustainable and scalable transport infrastructure. He noted that the partnership reflects Invest India’s focus on supporting enterprises working towards cleaner mobility solutions.
Abhinav Kalia, Founder and CEO of ARC Electric, said the collaboration marks a step forward in the company’s efforts to serve more corporate clients with electric mobility options. He added that the focus remains on expanding into major business hubs with sustainable transport offerings.
The partnership is expected to help ARC Electric expand its presence in India’s growing corporate mobility market and contribute to the broader adoption of electric vehicles in the country.