Convergence Energy Services Limited (CESL), CPSE under Ministry of Power has forged key partnerships with state governments of Goa, and Kerala to procure over 30,000 two- and three-wheelers. This is the first entry to the 2W and 3W segments in the country. The ministry of power claims that its solutions are designed to deliver affordable financial solutions to buyers.
CESL has also agreed to invest in establishing the electric vehicle charging infrastructure and monitor the use of the assets.
Additionally, CESL has entered in strategic relationships with Bharat Electronics Limited (BEL), TVS Motor Company, JBM Renewables Pvt Ltd., and Fortum India. Under these agreements, CESL and the private companies will jointly undertake the expansion and adoption of EV ecosystem.
