Gulf Oil Invests In EV And Smart Energy Technology Company

Highlights
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.
Last Updated on January 23, 2021
Great Deals on Used Cars
View All Used Cars
- 41,489 km
- Petrol
- Manual

- 75,000 km
- Petrol
- Automatic

- 1,18,054 km
- Diesel
- Automatic

- 22,376 km
- Petrol
- Manual

- 47,549 km
- Diesel
- Automatic

- 76,000 km
- Diesel
- Automatic

- 76,000 km
- Diesel
- Manual

- 62,500 km
- Diesel
- Automatic

- 81,000 km
- Petrol
- Manual

- 85,000 km
- Diesel
- Manual
Upcoming Cars










Upcoming Bikes










Explore More
Latest News
Related Articles

-18512 second ago
Jawa Yezdi motorcycles is holding a mega service camp in Cochin, Kerala from December 14-17 for owners to get free check-ups

-16860 second ago
American-owned Trackhouse, led by Justin Marks and musician Pitbull, to replace RNF on the starting grid for 2024.

-15319 second ago
Porsche AG’s Leipzig plant rolled out its two millionth vehicle recently, a new-gen Panamera Turbo E-Hybrid, which is now heading to its owner in Dubai

-12882 second ago
The Toyota Supra GT4 100th Edition Tribute will be limited to just 100 units and get a new GR Supra GT4 Evo racecar-inspired livery along with Gazoo Racing accessories

12 hours ago
The new video shows the subcompact SUV’s redesigned tail section and confirms that it will get ADAS functions

12 hours ago
The Mercedes-AMG CLE 53 4MATIC+ Coupe has an upgraded 3.0-litre inline six-cylinder turbo engine producing 442 bhp and 560 Nm torque.

14 hours ago
The Swift will be powered by a 1.2 litre, 3-cylinder petrol engine that puts out 81 bhp and 108 Nm of torque

15 hours ago
The Revuelto is powered by a 6.5 litre V12 engine mated to three electric motors that churn out a combined 1001 bhp

16 hours ago
Kia India takes the wraps off its new EV charging initiative, the K-Charge. It will be available to non-Kia EV owners as well.

28 days ago
The LNG truck is based on Ashok Leyland's modular AVTR series and is powered by a six-cylinder engine

1 month ago
At present, Ashok Leyland currently operates a fleet of 18,000 buses in the state of Tamil Nadu.

2 months ago
First revealed all the way back in August 2016, the Vision Mercedes-Maybach 6 coupe previewed the ultra-luxury marque’s all-electric future.

2 months ago
Earlier we saw MG refresh the ZS EV which was even in contention for the carandbike awards EV of the year. So now, we have the Jaguar I-Pace In India.
