Lucknow, July 29, 2018: The Essel Infraprojects Ltd, an enterprise of Subhash Chandra led Essel Group, launched its Electric Vehicle Charging and Battery Swapping Infrastructure initiative under Essel Green Mobility Limited in Lucknow today at the ground-breaking ceremony. Also Read - Lucknow Anti-COVID Guidelines For Malls, Complexes: Entry of Only 'Serious Buyers' Allowed, Safety Gear Mandatory | Read Here

EIL would be investing Rs. 1750 crore in phased manner with the launch of 250 charging stations, 1000 battery swapping stations in 20 cities of UP. The project will meet the challenge of kick starting the EV Ecosystem in effective manner as EIL will also invest in simultaneous deployment of 25000 e rickshaws which will generate 50,000 jobs in the state. Project to reduce the cost of battery charging and would help to bring at par with CNG or any other alternative fuels. Also Read - Uttar Pradesh Shocker: Woman Gangraped on Moving Bus in Meerut; Third Such Incident in a Month

The company aims to improve driver’s living standard  by raising their income. Also, it will provide significant ease to them by providing Battery Swapping at every 2 sq. kms which will be supported by digital APP to enable him locating the nearby swapping station. The battery can be swapped in 2-3 minutes increasing vehicle productivity for plying. Also Read - India's Covid Vaccine Latest News: Phase-3 Trial of Covaxin to Begin in UP's Lucknow, Gorakhpur From October

Comparative Chart for Different Rickshaw operating models: 

Transportation Mode CNG Rickshaw  E-Rickshaw Essel Green Mobility – E-Rickshaw

Total Daily Earning Total Earning – Approximately INR. 1000 (10 hours shift) Total Earning – Approximately INR. 900 (10 hours shift) Total Earning – Approximately INR. 1000 (10 hours shift)

Vehicle Cost (-) Rent – INR. 350  (-) Rent – INR. 350 (-) Rent (maintenance  included) – INR. 150

CNG /Battery Charging Cost for 50 kms (-) CNG – INR. 100 (-) Mostly domestically charged (cost included in the monthly electric bills and most importantly lacks safety standard and life of battery. Approx Rs. 50 as Electricity bill. (-) Battery Charging Cost – INR.100 (all safety standard are followed with hassle free services and long life of Batteries)

Maintenance Cost (-) Maintenance – INR. 50 (-) High Battery Maintenance – INR. 50 NIL-included in Shift Rental

Time and service 30 minutes to 1 hours and may be more thus the qualitative productive time spent in CNG refilling 4 to 5 hours – productive time spent on battery charging. Battery Swapping Service in 2 minutes and at every 2 sq. kilometres

Repair and Battery Cost Implications Major break down of vehicle and CNG kit Change of battery after every year Company to bear the vehicle maintenance and battery cost

Total Daily Savings INR. 500 INR. 450-500  (along with yearly fixed expenditure major breakdowns and battery change) INR. 750 (no further cost on any breakdown or battery change)

The operations will start from Ghaziabad and would cover other cities like  Lucknow, Kanpur, Agra, Noida, Meerut, Varanasi, Gorakhpur, Allahabad etc.

The project will revolutionise the electric vehicle industry in the country, especially the e-rickshaw segment as the drivers would not need to own vehicles or batteries and they can start their business without much investment and without any complicated documentation  or collaterals.

Speaking on the occasion, Shri Subhash Chandra, Chairman, Essel Group said “With the launch of this initiative, we have enhanced our association with the state and look forward to doing our bit in the government’s vision of clean mobility. The launch of EVs in holistic manner will augment the state’s transport infrastructure and also create job opportunities.”

The launch of this project is expected to revolutionise the EV industry. By 2030, government’s ambitious National Electric Mobility Mission Plan envisages achieving 6-7 million sales of hybrid and electric vehicles. EIL’s investment in EV in UP is a step in this direction.

About Essel Group

The Essel Group is among India’s most prominent business conglomerate with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure development, wellness and education.

The Group started business in 1926 with a modest commodity trading firm. Today, Essel Group of Companies is a vast conglomerate of Media, Technology, Entertainment, Packaging, Infrastructure, Education, Healthy Lifestyle & Wellness, Financial Services and Precious Metals with worldwide operations and a workforce of over 10,000 dedicated employees.

About Essel Infraprojects Limited

Essel Infraprojects Ltd (EIL) is the infrastructure arm of the Essel group, a 90 year old diversified conglomerate led by Shri Subhash Chandra. EIL is one of the fastest growing companies having diversified interests in infrastructure projects. With operations across the entire Infrastructure Space including Roads & Highways, Power (Generation: Solar & Hydro and Transmission), Water & Waste-water (De-Salination and Sewage Treatment), Municipal Solid Waste and Waste-to-Energy and Integrated Utilities (Power, Water & City Gas Distribution)

Essel Group has ventured in infrastructure space in 2007 with an entry into the surface transport segment and it has an Order Book of INR. 30,000 Crores, with Operations domiciled in 135 SPVs across 10 Businesses, grouped in 4 Verticals with a national footprint of more than 17 states and across 100+ cities.

EIL has been widely recognized and awarded by various prestigious industry bodies like Smart City Council of India, World CSR Congress, Golden Peacock Awards, Michael Porter prize, Economic Times Brand award, IMS award and IAMAI etc. for its innovative solutions, use of new technologies and excellence in projects.