Tivolt Electric Vehicles Partners with a Tata Group Company to Enhance EV Charging Ecosystem for Commercial Vehicles – Complete Details Inside!

The company’s shares have delivered an impressive return of over 30 per cent in the past 1 year.

Tivolt Electric Vehicles Private Limited (Tivolt), the electric vehicle venture of the Murugappa Group and a subsidiary of TI Clean Mobility, has entered into a strategic partnership with Tata Power Renewable Energy Limited (TPREL), a leading player in renewable energy and EV charging solutions in India. This collaboration aims to accelerate the adoption of e-mobility for commercial vehicles by developing a comprehensive and reliable EV charging ecosystem.

The Memorandum of Understanding (MoU) was signed by Mr. Saju Nair, CEO of Tivolt Electric Vehicles, and Mr. Virendra Goyal, Head of Business Development for EV Charging at TPREL, in the presence of Mr. Shivram Bikkina, Chief of Solar Rooftop & EV Charging Business at TPREL.

Under this partnership, TPREL will leverage its extensive expertise in deploying and managing EV charging infrastructure to provide charging solutions at Tivolt dealerships, customer locations, and high-traffic public spaces. This initiative will offer commercial EV owners convenient access to reliable and strategically located charging stations.

TPREL's proven track record includes partnerships with other OEMs to provide over 200 customized EV charging stations across 100+ cities, including Mumbai, Delhi, Chennai, Bengaluru, Kolkata, Pune, and Kochi. The company will extend this expertise to support Tivolt’s growing network of small electric commercial vehicles, further enhancing the EV charging experience.

In addition to expanding the charging infrastructure, TPREL plans to integrate solar energy systems into Tivolt dealerships and customer locations. This sustainable approach will reduce the carbon footprint and lower the cost of EV charging, making electric vehicles more affordable and environmentally friendly.

Today, Tata Power’s shares closed at around Rs 434.55 per share on the BSE. The company's market capitalization is approximately Rs 1.38 lakh crore. The shares of Tata Power have delivered a return of over 30 in the past year.

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Disclaimer: The article is for informational purposes only and not investment advice.