Switch Mobility Automotive, a subsidiary of Switch Mobility, the UK-based producer of electric vehicles and vans has signed an MoU with Siemens, a global technology company to address the potential of the e-mobility market in India. The partnership is driven by a strong commitment to support zero-emission mobility through lowest Total Cost of Ownership (TCO).
The MoU is aimed at delivering efficient, cost-effective and sustainable e-mobility solutions to various commercial vehicle customers in India. To achieve this objective, Switch Mobility, will bring its strong electric commercial vehicle industry experience while Siemens will offer its proven flexible, high-efficiency and future-ready charging infrastructure technology with efficient and reliable medium-voltage grid connection solutions. Siemens’ charging infrastructure management software solution would enhance the energy-efficient operations of the chargers.
Commenting on the partnership, Dheeraj Hinduja, chairman, Switch Mobility said, “Switch Mobility has a strong pedigree in the commercial vehicle market in India and is ideally placed to promote our aspiration of zero carbon emission transportation. With our experience of over 230 electric vehicles already in operation successfully in India and the U.K, we see immense growth opportunities for Switch’s expansion in India, Europe and many global markets. Our aspiration is to make electric products more affordable through this offering, which is also shared by Siemens, renowned for their rich technological pedigree in innovative engineering solutions. We believe that a collaborative approach will accelerate the process. I am very excited with this collaboration which I strongly believe augurs well for the future of commercial e-mobility, in India.”
Nitin Seth, director, Switch Mobility Ltd said “Our collaboration with Siemens will focus on key identified areas, which will be critical to propel ourselves as an industry, towards clean and sustainable mobility solutions. Our overarching objective is to achieve the lowest Total Cost of Ownership (TCO) and our endeavour with Siemens will focus on it to make eMobility a compelling solution for businesses and environment in India”
Sunil Mathur, MD and CEO, Siemens said, “Siemens is a global leader in e-mobility solutions for commercial vehicles. We have been implementing projects for electric commercial vehicles across the globe. Together with Switch Mobility, we intend to implement high-quality techno-commercial solutions to address the needs of the growing e-mobility market in India.”
As part of the MoU, Siemens Financial Services (SFS), the financing arm of Siemens, will consider a minority investment in OHM Global Mobility, the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive.