Magenta And Ather Energy Join Hands To Install EV Charging Stations

EV charging firm Magenta ChargeGrid and Ather Energy, leading electric two-wheeler maker, have joined hands to install charging stations, investing the former with the responsibility to manage the charging stations under the Chargegrid platform. The companies have inked a Memorandum of Understanding (MOU), according to a press release.

Magenta ChargeGrid is currently expanding its charging network to 35-40 cities in India with the aim to set up a network of around 11000 chargers by the end of FY23. This partnership with Magenta ChargeGrid will give Ather Grid access to premium locations across Tier I, Tier II & Tier III cities and highways in India and provide wider coverage for EV customers. These locations are strategically placed to make it easily accessible to EV owners and will also have desired electricity load availability for operations of the chargers.

The press release quoted Mr. Maxson Lewis, Founder and Managing Director, Magenta speaking about the association, “At Magenta ChargeGrid, we strive to accelerate EV adoption in the country by creating an end-to-end EV ecosystem. This collaborative approach with Ather Energy, shall further our vision and allow consumers to access our network of smart and safe charging stations across the country and encourage a seamless EV adoption. This partnership approach will not just help Ather and other OEM players to rapidly scale their network but also help them to optimise the investment required.”

Since its inception, Ather Energy has installed around 330+ fast-charging Ather Grid Points across 35 cities in the country. One can charge up to 80% at 1.5 km/min at Ather’s fast charging Grid. In the next 3 years, Ather claims to have a fairly ambitious plans to install 5,000 fast chargers across India, to increase its annual production capacity to one million scooters, establish 600 stores by the end of 2022.

Magenta ChargeGrid claimed to have formed alliances with prominent DISCOMs across the country such as BSES, BESCOM, multiple corporations to network a stronger EV charging ecosystem.