Siemens & Switch Mobility Sign MoU to Setup EV Charging Infrastructure
In a recent NEWS, Siemens and Switch Mobility have signed a Memorandum of Understanding (MOU) to jointly work in the electric commercial vehicle segment in India.
Under the MoU, Switch Mobility, which is owned by the Hinduja Group and an arm of Ashok Leyland, will bring in its electric commercial vehicles into India and Siemens would provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers.
The two companies will collaborate on new business models such as eMobility-as-a-Service (eMaas), integrated depot energy management, Vehicle-to-Grid (V2G) as well as on-site / off-site renewable energy sources by leveraging batteries from commercial vehicles.
Consequently, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Limited.
The MOU is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India.
Switch Mobility has over 230 electric vehicles already in operation in India and the U.K. The company sees growth opportunities for expansion in India, Europe and many Global markets.
In November 2020, India’s second-largest commercial vehicle manufacturer and the flagship company of the Hinduja Group announced that Optare Group Ltd, its majority-owned UK subsidiary, has been renamed Switch Mobility Ltd as part of its drive towards electrification and new mobility services.