JBM Renewables, CESL sign pact for setting up electric mobility ecosystem in India
JBM Renewables and Convergence Energy Services Ltd (CESL) on Saturday signed an MoU to set up an integrated ecosystem for charging of electric vehicles. JBM Renewables is a part of the USD 2.2 billion Indian conglomerate JBM Group while CESL is a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL).
Under the scope of the MoU, signed for a period of 3 years, JBM Renewables and CESL will jointly undertake setting up of public charging infrastructure across India for electric vehicles. This will include investment, installation, commissioning, operation and maintenance, a statement said.
The two companies will jointly bring in synergies with an intent of driving the implementation of Electric Vehicle Charging Infrastructure (EVCI) across India, it added.
