Greencell Mobility Acquires Strategic Stake In PMI Electro Consortium For Deploying 350 Electric Buses Across Uttar Pradesh

GreenCell Mobility , an eMaaS platform (electric mobility as service)in India, announced its partnership through the acquisition of a strategic stake in 2 Special Purpose Vehicle companies incorporated by PMI Electro Mobility Solutions Private Limited,a leading ‘zero emission’ commercial vehicle manufacturer in India, which won the bid for deploying 350 electric buses along with the charging infrastructure across the cities of Lucknow, Varanasi, Gorakhpur, Kanpur, Prayagraj and Jhansi in 2 Packages in the state of Uttar Pradesh.

This contract, awarded by Directorate of Urban Transport,Government of Uttar Pradesh, comes under the Government of India’s Faster Adoption and Manufacturing of Electric Vehicles (FAME-II)program with the nodal agency as DHI and is a mong the first to be implemented in UttarPradesh.This will lead the way for electric bus adoption in the state and lay the foundation of sustainable public transport.

Our aim is to create green routes with state of the art 9mtr buses in the state where Lucknow and Kanpur will get 100 buses each,Varanasi and Prayagraj will get 50buses each and Gorakhpur and Jhansi each will get 25 buses.These buses will travel for minimum 63,000kms per year,lead to zero tail pipe emissions of CO2 equivalent to approximately 22,000 tons every year and will create over 1000 jobs in the state.

Some of the key features of these state of the art 9 mtr buses will be:

1.Zero tail pipe emissions

2.Single charge range of 120kms with capability to do 200kms in city traffic with opportunity charging. 3.151Kwh liquid cooled Li-onbattery with fast charging capability (30-45minutes)

4. Low floor bus(650mm) having Monoque chassis

5.Automatic transmission and ultra-silent air conditioned cabin

6.Very easy to drive incongested city traffic,

7. Superior pick up (Torque 3000 N-m)

8. Height adjustable power seats for driver

9. Comfortable ride with full air suspension system

10.Wheel chair access with ramp provision

12. CCTV enabled with mobile charging points for commuters

On the announcement, Ashok Agarwal, MD & CEO, GreenCell Mobility commented“ We are extremely happy to invest in the state of Uttar Pradesh to promote Green & Sustainable Public Transport. We are looking forward to much deeper commitment and long term relationship with the state and PMI as our partner.“

SatishJain, Managing Director, PMI Electro Mobility said" We are elated to partner with GreenCell Mobility to provide city bus service in 6cities of Uttar Pradesh.Our partnerships all touch lives of 1,00,000 riders daily by providing non-polluting,clean,and efficient,timely,comfortable and disabled friendly bus services. This partnership shall generate1000 direct jobs in the state.The project shall not only ensure good financial returns but also substantial ESG returns.The investment by the companies is a step towards sustainable investing.We thank the government of Uttar Pradesh to provide us the opportunity and GreenCell Mobility for trusting our vision. Mr Jain also added,that as apart of his vision for PMI,he is extremely happy to be a major player in the electric mobility segment in India"

Recently, GreenCell had announced the award of a contract from the Rajasthan State Road Transport Corporation (RSRTC) for operation of 48 air-conditioned electric bus coaches.This was the first contract bagged by GreenCell Mobility under FAME-II incentive scheme of Government of India and the electric bus contract was also the firstone by RSRTC.