Reliance BP Mobility Limited (RBML), operating under the brand name Jio-bp, has partnered with Mahindra Group for exploring creation of electric vehicle products and services, besides, identifying synergies in low-carbon and conventional fuels.
The alliance will also see exploration of business models like Mobility as a Service (MaaS) and Battery as a Service (BaaS), wherein Jio-bp could provide charging solutions to the Mahindra Group-manufactured vehicles.
‘The partnership aims to leverage the strengths of both companies in the areas of EV products and services. Mahindra Group and its channel partner locations will be evaluated for setting up of Jio-bp mobility stations and EV charging and swapping points apart from utilizing existing Jio-bp stations,” RBML said in a statement.
The MoU also covers evaluating charging solutions by Jio-BP for Mahindra vehicles including electric three and four wheelers, quadricycles and e-SCV (small commercial vehicles – sub 4 ton). This would include captive fleets and last-mile mobility vehicles of Mahindra Group.
It is pertinent to mention here that RBML, the fuel and mobility joint venture of Reliance Industries Ltd (RIL) and bp plc, on October 26, 2021, launched its first Jio-bp branded mobility station at Navde, Navi Mumbai, that offers multiple fuelling choices to customers.
“The EV market in India is still in a nascent stage and through this MoU, various possibilities and orientation of database, operations support systems, software, pilot and commercial-scale business model and types of charging and swapping facilities are proposed to be explored and implemented subject to techno-economic feasibility and necessary approvals,” the statement added.