Adani TotalEnergies and Evera Cabs collaborate to install 200 EV charging points in Delhi

By siliconindia  |  Wednesday, 23 August 2023, 10:38:18 AM IST

Adani TotalEnergies and Evera Cabs collaborate to install 200 EV charging points in Delhi
The partnership aims to catalyze India's 2030 decarbonization target, supported by an increasing inclination towards electric vehicles in the cab-hailing segment. Shares of Adani Total Gas rose nearly 2% in early trade after its arm, Adani TotalEnergies E-Mobility Limited (ATEML), suggested setting up electric vehicles (EVs) charging infrastructure in Delhi. ATEML, a joint venture between Adani Group and French energy major TotalEnergies, will set up 200 EV charging points in the national capital region (NCR) in partnership with Prakriti E-Mobility (Evera), an all-electric cab service provider based in Delhi.
“The collaboration will feature an integration of 200 EV charging points super hub in Delhi. This strategic partnership will be scaled up pan-India to encourage decarbonized mobility,” ATEML says in a. Following the announcement, Adani Total Gas shares opened higher at 680.60 against the previous closing price of 672.30 on the BSE. In the early trade so far, the stock gained as much as 1.8% to hit a high of 685 level, while the market capitalization climbed to 74,430 crore.
Founded in 2019, Evera caters to B2B and B2C segments, offering e-taxi services such as airport transfer, intercity rentals, and corporate transportation in Delhi-NCR. It recently secured its pre-series a funding round at $7 million. The partnership comes at a time of increasing EV demand in India, though charging infrastructure still remains scant. The partnership will catalyze India’s 2030 decarbonization target, supported by a rising inclination towards electric vehicles in the cab-hailing segment, the company adds.

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