Magenta ChargeGrid, an EV charging company, and Ather Energy, an electric two-wheeler manufacturer, have partnered to install charging stations, with the former taking on the responsibility of managing the stations using the ChargeGrid platform. A MoU has been signed between the two companies. This partnership with Magenta ChargeGrid will allow Ather Grid access to premium locations across India’s Tier I, Tier II, and Tier III cities and highways, expanding EV coverage. These locations have been chosen to be conveniently accessible to EV owners and to have the appropriate electrical load availability for charging operations.
Magenta ChargeGrid is currently expanding its charging network in India to 35–40 cities, with the goal of installing approximately 11,000 chargers by the end of fiscal year 2023. The company stated that it has secured partnerships with major distribution companies around the country, including BSES and BESCOM, as well as other corporations, in order to network a stronger EV charging ecosystem. Since its inception, Ather Energy has established over 330 fast-charging Ather Grid Points in 35 locations across the country. Ather’s fast charging grid can charge up to 80 per cent of a battery at 1.5 km per minute. By the end of 2022, Ather claims to have ambitious plans to build 5,000 fast chargers throughout India, boost its yearly production capacity to one million scooters, and open 600 stores.
In April 2022, Magenta 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. The LEV AC chargers provided by Magenta to the Vasant Kunj residential community were recently opened by the Delhi transport minister in keeping with the trend for home EV charging, which represents 70-80 per cent of worldwide charging demands.