Hero MotoCorp and Bharat Petroleum partner for EV charging infrastructure

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Capital Market
Last Updated : Feb 22 2022 | 5:16 PM IST
Hero MotoCorp and Bharat Petroleum Corporation have collaborated to set up charging infrastructure for two-wheeled electric vehicles (EVs) across the country.

The two companies will first establish a substantial charging infrastructure at the existing nationwide energy station network and subsequently may broaden the collaboration to develop more synergies within the EV ecosystem and adjacent business verticals, thereby enabling prospects throughout the customer life cycle.

In the first phase, charging stations will be set up across nine cities starting with Delhi and Bengaluru. The network will be then expanded across the country with the aim to establish a high density of charging stations.

Hero MotoCorp will soon commence the infrastructure development in the two cities. Each charging station will feature multiple charging points including DC and AC chargers and will be available for use to all two-wheeled EVs.

The entire user charging experience will be controlled by a Hero MotoCorp Mobile-App and will be a cashless transaction model.

The massive Bharat Petroleum energy station network will also provide accelerated opportunities to expand the scope of operations and services. The companies may utilize the gateways created to make additional investments into building a robust EV ecosystem.

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First Published: Feb 22 2022 | 4:33 PM IST

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