New Delhi, June 30 -- Indofast Energy, a 50:50 joint venture between Indian Oil Corporation and SUN Mobility, has announced a strategic partnership with e-mobility startup Motovolt Mobility to boost the adoption of electric two-wheelers in India.
The collaboration integrates Indofast's growing QIS battery-swapping infrastructure with Motovolt's newly launched MVS7-touted as India's first multi-utility electric scooter.
The alliance aims to address key challenges in electric vehicle (EV) adoption, including range anxiety, high battery costs, and limited charging infrastructure.
Central to the partnership is a Battery-as-a-Service (BaaS) model, which separates battery ownership from the vehicle.
This approach significantly lowers upfron...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.