New Delhi: Terra Charge, an EV charging infrastructure development company, has announced a strategic partnership with Prisum Rove Cabs, a ride-hailing cab service based in Noida, to expand the electric vehicle charging infrastructure and promote e-mobility in the country.
As a part of this collaboration, Terra Charge will establish an advanced charging station in Ghaziabad featuring 70 slow chargers of 3.3kW and one DC Fast Charger of 60 kW. The chargers will leverage CCS Type 2 technology, which is compatible with 99% of electric vehicles in the country. The Japanese technology-backed park and charge facility under this collaboration will be the first of its kind in the area and extend convenient charging solutions to Rove Cabs’ fleet to address their need for more reliable charging hubs.
The partnership, including an initial investment value of INR 2 crore, will enable Terra Charge to leverage Prisum Rove Cabs’ extensive network and dedicated customer base to deploy more park and charge facilities while enhancing its presence in the EV charger market projected to grow at CAGR of 47% by 2030. It will also help Rove Cabs attract customers by offering uninterrupted mobility solutions, especially in areas with low electricity prices.
Expressing his thoughts on the new partnership, the CEO of Terra Charge, Akihiro Ueda, stated, “I am quite pleased with our new collaboration with Prisum Rove Cabs as it lines up with Terra Charge’s ultimate goal of investing in e-mobility solutions. I believe that with Prisum Rove Cabs, we will be able to deploy more reliable electric charging stations in strategic locations and expand our presence in the market.”
Sumit Varshney, Managing Director of Prisum Rove Cabs, added, “When we founded Prisum Rove Cabs, our primary goal was to provide safe and convenient mobility solutions. With our new collaboration, I believe we have made a significant step towards ensuring it. I am also positive that through this strategic partnership with Terra Charge, Prisum Rove Cabs will move closer to its goal of achieving full electrification by 2025 while supporting the changing needs of the industry.”
The two companies are planning to establish more EV charging hubs across India to advance the nation’s sustainable mobility targets. Terra Charge has installed over 300 chargers across India to contribute to its charging infrastructure. It recently collaborated with GO EV Mobility, an end-to-end electric logistic solution provider based in Gurgaon, to develop an exclusive park and charge facility in Dwarka, Delhi, featuring 11 advanced chargers. Terra Charge is currently exploring more strategic alliances to contribute to the USD 449.06 million Indian EV charging market’s growth.
