Mahindra Group And Jio-bp Sign MoU To Increase EV, Green Solutions

New Delhi, Dec 8, 2008 : Reliance BP Mobility under the brand name Jio-bp signed a Memorandum of Understanding with Mahindra Group to collaborate in areas such as electric vehicles products and services and low-carbon and conventional fuels.
Jio-bp is a joint venture between Reliance Industries (India) and bp plc (UK).

 Mahindra Group And Jio-bp Sign Mou To Increase Ev, Green

It provides fuel and mobility for both vehicles and people.

The MoU is not binding.

Jio-bp stated in a statement that the MoU also covers the evaluation of charging solutions by Jio bp for Mahindra vehicles, including electric three- and four-wheelers and quadricycles, and e-small commercial vehicle,” Jio bp added.

The statement also stated that business models such as “mobility as a Service” (MaaS), and “battery as A Service” (BaaS), will be explored to see if Jio-bp could offer charging solutions for Mahindra vehicles.

The partnership also aims to accelerate EV adoption in India using high-performance and interchangeable batteries.This will in turn help to dispel range anxiety among users.

It stated that such innovative solutions would broaden the horizons of both companies and help India achieve its net-zero emission goals faster.

India aims to be net-zero emitting by 2070.

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