Greaves Electric Mobility Limited (GEML), the electric mobility arm of Greaves Cotton Limited (GCL), has partnered with Indofast Energy, a 50-50 joint venture between Indian Oil and SUN Mobility to enhance last-mile transportation for B2B fleets and ride-sharing services by aiming to offer innovative, efficient and tailored e-2W and energy solutions that meet the industry's evolving needs.
The partnership unveils the Ampere 'Magnus SW.S', powered by Indofast Energy's battery swapping technology. Designed for gig economy riders covering 100+ kms daily, this solution aims to minimize downtime with quick battery swaps. Leveraging Indofast Energy's rapidly growing battery-swapping network, customers can seamlessly replace depleted batteries with fully charged ones, reducing operational costs and enhancing efficiency. This partnership aligns with the Greaves' purpose of 'Empowering Lives' and 'Democratizing Smart and Sustainable Mobility' while supporting Indofast Energy's vision of making battery swapping the default mode of charging for all commuters.
Ampere 'Magnus SW.S' features a motor power of 2.4 kW for easy gradeability and smooth performance - even on steep gradients, with heavy loads or with carrying a pillion rider for ride share operations. The scooter is equipped with payload capacity of 151 kg, making it ideal for heavy-duty use. Additionally, its IoT-enabled capabilities provide efficient connectivity and aims to provide improved fleet management solutions for operators.
Speaking about the collaboration, Mr. Arun Srivastava, Head B2B Business, Greaves Electric Mobility, said: "Our partnership with Indofast Energy represents a step forward in addressing the evolving needs of the mobility sector. By integrating advanced battery-swapping technology with the Magnus platform, we are aiming to enable quick, efficient, and sustainable operations for businesses and gig economy partners."
Rajat Malhan, Senior Vice President, Indofast Energy, said, "Indofast Energy remains committed to delivering technologically advanced, convenient, and sustainable solutions to drive green mobility in India. Ampere Magnus SW.S is a fantastic addition to our suite of offerings especially for commercial applications. This vehicle will be available not only for fleets but also for driver cum gig operators through Ampere's network. We are looking to deploy 50,000+ vehicles in the next year via our fleet partners and driver-owners. Together, we are not just enabling efficient and eco-friendly last-mile connectivity but also empowering businesses and gig workers with smarter, cost-effective mobility solutions."
This partnership further enhances Greaves Electric Mobility's position in the electric mobility sector, offering sustainable transportation solutions that blend performance and environmental consciousness.
Shares of Greaves Cotton Limited was last trading in BSE at Rs. 237.50 as compared to the previous close of Rs. 235.35. The total number of shares traded during the day was 208810 in over 2755 trades.
The stock hit an intraday high of Rs. 242.05 and intraday low of 234.50. The net turnover during the day was Rs. 49553068.00. |
