Pledge signatories and partners will collectively invest over US$2.65 million into the project by 2030. Amazon, Mahindra Logistics, Uber, HCLTech, and Magenta Mobility are working together to optimize last mile EV charging stations, aggregating charging demands of their EV fleets. Industry partner Kazam, an India-based EV charging platform, will build the network of shared charging stations. The project will also be supported by renewable energy provider Greenko and strategic consulting partner Deloitte. While the project is estimated to support about 5,500 EVs in Bengaluru by 2030 (based on expected demand), it is able to service about 9,500 EVs at full capacity. The first EV charging station located at Doddakallasandra was inaugurate on 16 Sept ’24. By uniting companies on both the demand and supply sides, and aggregating usage demand, the project also provides greater certainty on the utilization rate and financial viability of the infrastructure.
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