Magenta, an electric vehicle (EV) charging firm, has successfully developed and installed Delhi’s first LEV AC EV charger under the state government’s plan, which allows for the construction of private EV chargers for a net cost of about Rs 2,375 after subsidy. LEV AC chargers provided by Magenta to the Vasant Kunj residential community were recently opened by Delhi transport minister Kailash Gahlot, in keeping with the trend for home EV charging, which represents 70-80 per cent of worldwide charging demands.
As per the company’s statement, the Magenta charger features an OLED display and an easy-to-use bluetooth-based authentication mechanism. It is a smart solution that all EV drivers can control via the ChargeGrid BT mobile app. Magenta has also installed multiple chargers in Vivek Vihar, Munirka, Dwarka, Jamia Nagar, and Rohini, among other parts of Delhi. By the end of April 2022, Magenta intends to install over 100 chargers under the scheme. The scheme’s incentive to construct these EV chargers are expected to help both commercial and residential businesses. In addition, to improve the EV infrastructure in Delhi, the company plans to deploy 10,000 of these chargers.
In November 2021, Magenta and the state government of Tamil Nadu signed a MoU to invest in building EV charging infrastructure in the state. Magenta would invest approximately Rs 2.5 billion as part of this agreement. The plant will focus on EV design, product development, and architecture standards in the e-mobility industry.