Mahindra And Jio-bp Sign MoU To Work On Battery Swapping Tech And EV Solutions

Reliance BP Mobility Limited (RBML), which operates under the brand name Jio-bp, has announced signing a non-binding Memorandum of Understanding (MoU) with Mahindra Group. The two companies plan to create electric vehicle (EV) products and services, along with exploring synergies in low-carbon and conventional fuels. Under the new MoU, Mahindra and Jio-bp will explore creating solutions on battery swapping technology for electric vehicles, and work on business models like Mobility as a Service (MaaS) and Battery as a Service (BaaS).

Existing Jio-bp stations will be utilised for the setting up of Jio-bp Mobility Stations and EV charging and swapping points

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The partnership aims to leverage the strengths of both companies in the areas of EV products and services. Jio-bp will be looking into building charging solutions for Mahindra's electric 3 and 4 wheelers, quadricycles and e-SCV (Small Commercial Vehicles), including captive fleets and last-mile mobility vehicles. On the other hand, Mahindra Group and its channel partner locations will be evaluated for the setting up of Jio-bp Mobility Stations and EV charging and swapping points apart from utilising existing Jio-bp stations.

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The companies say that the partnership aims to accelerate EV adoption in India with high-performance and swappable batteries that will help in dispelling range anxiety. Jio-bp says such a solution will offer great convenience to customers who can swap a depleted battery with a fully charged one within minutes by paying a nominal fee.

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Jio-bp will be looking into building charging solutions for Mahindra's electric 3 and 4 wheelers, quadricycles and e-SCV (Small Commercial Vehicles)

Jio-bp says that, currently, the EV market in India is still at a nascent stage. Under the new MoU, the companies are proposing various possibilities and orientation of database, operations support systems, software, pilot and commercial-scale business model and types of charging and swapping facilities. These solutions will be explored and implemented subject to techno-economic feasibility and necessary approvals.