Gulf Oil Invests In EV And Smart Energy Technology Company
Gulf Oil International Ltd has entered an agreement to co-invest alongside the Clean Growth Fund (CGF) in Indra, the fast-growing electric vehicle and smart energy technology company developing innovative charging and energy storage solutions for home and commercial use. Indra Renewable Technologies Ltd, founded in 2013, manufactures a range of smart energy products, including its market-leading electric vehicle Smart Charger and a bi-directional ‘Vehicle to Grid' (V2G) charger designed for both residential and light commercial use.
CGF and Gulf will each become shareholders in Indra, alongside OVO Group, which had provided seed capital and technical support to Indra via Kaluza, its technology business.
Mike Jones, CEO of Gulf Oil International Ltd said, “At Gulf we believe fast, convenient and smart charging are critical to support consumer adoption of EVs. The combination of Gulf's global footprint and consumer brand, with Indra's extensive knowledge and expertise of energy systems and EVs, will enable Indra to grow its business and customer base internationally with a particular focus on India. This is a key market for Gulf where we will leverage our strong brand presence and distribution network to grow a revenue stream outside the UK”.
Gulf will further leverage its partnerships within the Hinduja Group working closely with Switch Mobility, a global electric commercial vehicle company, as well as Ashok Leyland, a leading global commercial vehicle player.
Latest News
Jaiveer Mehra | Jul 28, 2026New Toyota Hilux Launched in India At Rs 31.99 LakhNinth-gen Hilux gets a notable redesign over its predecessor, though it retains the familiar 2.8-litre diesel engine option.2 mins read
Jaiveer Mehra | Jul 28, 2026Avore EX Electric Motorcycle Launched In India At Rs 1.25 LakhEV start-up is offering its debut electric motorcycle in three variants - EX1, EX2 and EX2 S.2 mins read
car&bike Team | Jul 28, 2026Honda XR 300L & Honda XR300 Rally: What We Know So FarBoth the XR300L and XR300 Rally are based on the same platform and will be part of Honda’s new made in India line-up with prices and full specifications to be announced soon.5 mins read
car&bike Team | Jul 28, 2026Mahindra Scorpio-N Facelift Interior Spied Undisguised Ahead Of DebutWhile a lot of the switchgear is carried over from the current SUV, the facelifted SUV gets a redesigned centre console with a larger touchscreen and a new digital instrument cluster.1 min read
Bilal Firfiray | Jul 28, 2026Skoda Slavia Facelift India Debut On 18th August; New Gearbox With Cosmetic ChangesSkoda Slavia facelift will be launched in India on August 18 with newer styling cues, additional features and an expected 8-speed automatic gearbox for the 1.0 TSI engine.1 min read
car&bike Team | Jul 27, 2026Honda CB500: What We Know So Far – Price, Launch Date, SpecsThe Honda CB500 is expected to be launched just before the festive season this year, possibly around September 2026 with prices beginning at around Rs. 3 lakh (Ex-showroom).4 mins read
Jaiveer Mehra | Jul 27, 20262026 Maruti Suzuki Brezza Facelift Review: Bestseller Joins The Turbo ClubWhile Maruti’s facelifts have always tended to bring subtle updates over the outgoing models, the latest Brezza brings some heavy updates under the skin, including a new 6-speed manual gearbox and, for the first time, a turbocharged petrol engine option.1 min read
Bilal Firfiray | Jul 24, 2026Honda ZR-V Review: Who Is It For?Honda has brought the new ZR-V to India as their current flagship offering. It’s a CBU, it’s a hybrid, and it’s here for a limited few. Who is it for though?1 min read
Shams Raza Naqvi | Jul 15, 2026Ferrari 849 Testarossa Spider Driven: Rs. 11.25 Crore Meets 1,000 bhpWe got behind the wheel of the most powerful convertible from Ferrari. What makes the 849 Testarossa Spider Special? We tell you.1 min read
Bilal Firfiray | Jul 12, 2026Tata Sierra EV Review: Reborn In The Electric AgeThe Tata Sierra EV isn’t drastically different from its ICE counterpart when it comes to design. But being the seventh electric offering from the Indian brand, it has gotten a few things right, and very few things wrong. But is it a compelling package to buy?5 mins read
Jafar Rizvi | Jul 13, 2026TVS Orbiter Long-Term Review (Report 1): Settling In Takes TimeFirst impressions weren't the strongest, but the Orbiter has made a mark in its first month in the car&bike garage.5 mins read