HYDERABAD: Visaka Industries Limited on Tuesday announced its foray into new electric vehicle (EV) business segment.
The company said it plans to set up 10 self-sustaining, solar powered EV charging stations, called ATUMCharge, in the first phase across major metros to cater to electric cars, bikes and scooters.
It plans to later set up these green EV charging stations across India and globally to support the growth of EVs, it said.
The company said it will be leveraging its ATUM solar roof product at its EV charging stations.
“ATUM Solar Roof will allow the entire EV charging proposition to move to 100% solar whereas, currently, most EV charging stations use electricity produced by thermal power generation companies, completely defeating the purpose of moving to environment-friendly power,” it added.
As per the company, ATUMCharge will also be partnering with other EV charging station providers.
Visaka will also open a chain of retail stores, ATUMLife, that will offer eco-friendly green products such as ATUM solar roof, apparel made with sustainable yarn, organic detergents, sustainable consumables, EVs and reusable kitchenware and cutlery, among others. Visaka Industries is mulling opening 10 ATUMLife stores in metros across India.
Besides, the company will also be developing a range of products as part of ‘Vnext fibre cement boards’ that are a sustainable alternative to gypsum and plywood. The company will offer building requirements ranging from pre-fabricated buildings to interior furniture requirements.
Commenting on the development, Vamsi Gaddam, joint managing director, Visaka Industries Limited said, “The new business areas will augment our existing businesses, but more importantly they define a viable roadmap for our future. our goal is to make Visaka Industries Limited a predominantly green company with products and services which are environment friendly and sustainable.”