June 28, 2022
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EVRE, Park+ to set up 10,000 EV charging stations in India by 2023

The partnership will include collaboration in acquiring spaces for setting-up smart charging & parking hubs for the logistics and people mobility segment.

HIGHLIGHTS

  • Park+ is already live in 1000+ apartments, 250+ corporate and 30+ malls.
  • The new charging stations will be established across shopping complexes, residential townships, malls, hotels and corporate parks.
  • The phase-wise implementation will include setting-up 300 charging hubs in Delhi-NCR by end of 2021.
EVRE, an EV charging infrastructure player and Park+, a parking solutions brand, announced a partnership to establish 10,000 EV charging stations across India over the next two years. The partnership will include collaboration in acquiring spaces for setting-up smart charging & parking hubs for the logistics and people mobility segment. EVRE will conceptualize design, manufacture, establish, operate and maintain the EV charging infrastructure, while Park+ will arrange for and manage the real estate aspect of the hub.

Krishna K Jasti, co-founder, EVRE said, “With this partnership, we mark our entry into the Delhi EV ecosystem, and consider the partnership for 10,000 stations as our next step towards sustainable infrastructure to enable hassle-free EV usage through viability and accessibility for the consumers.”

Park+ is already live in 1000+ apartments, 250+ corporate and 30+ malls. The new charging stations will be established across shopping complexes, residential townships, malls, hotels and corporate parks, helping in higher utilization of the EV chargers. The phase-wise implementation will include setting-up 300 charging hubs in Delhi-NCR by the end of 2021, 100 in Bangalore and 100 in Mumbai and Pune, leading to building ground-up charging infrastructure for increasing the density of stations in a build-up for increased EV adoption in the urban communities. The partnership entails a customized revenue-sharing model for each hub, including the property category and location among others.

Amit Lakhotia, founder & CEO, Park+ said, “It is extremely important to choose the right locations for setting up EV charging stations as only then can the utilization go high. This is where Park+ is helping EVRE with high footfall locations from its 5000+ parking locations across India. Park+ is helping EVRE to scale across the country and this partnership will help EVRE in scaling to multiple locations in a much faster way.”

The partnership will benefit both EVRE and Park+ as the parking space is upgraded by providing access to charging of an electric vehicle that lies idle in the parking slot, generating revenue for the partners. This infrastructure bears well for infrastructure partners by creating affinity for the EV users at high footfall areas of shopping in arcades, malls and hotels.

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