Chartered Speed Secures Major Contract for Electric Buses Under PM e-Bus Sewa Scheme

Key Highlights:

• Chartered Speed has secured a contract to operate over 900 electric buses.
• The buses will be deployed in 13 cities across Chhattisgarh, Rajasthan, and Meghalaya.
• The project is expected to serve over 2.9 lakh passengers daily.
• It will create more than 2,000 job opportunities.
• Cities like Raipur, Jaipur, and Shillong will benefit from the new electric bus services.

Chartered Speed has won a contract from Convergence Energy Services Limited (CESL) to operate more than 900 electric buses under the Pradhan Mantri e-Bus Sewa Scheme. The company will handle the procurement, operation, and maintenance of the electric buses, which are expected to serve over 2.9 lakh passengers every day. The project is also expected to create more than 2,000 jobs.

These buses will be deployed in 13 cities across Chhattisgarh, Rajasthan, and Meghalaya. The buses will be introduced in cities like Raipur, Durg-Bhilai, Bilaspur, Korba, Ajmer, Alwar, Bikaner, Bhilwara, Jaipur, Jodhpur, Kota, Udaipur, and Shillong.

About Chartered Speed 

Chartered Speed is a transportation service provider in India, working in the B2G (business-to-government), B2B (business-to-business), and B2C (business-to-consumer) sectors. Chartered Speed currently operates over 1,800 buses in states like Gujarat, Madhya Pradesh, Odisha, and Assam. These buses serve a large number of daily commuters and are supported by a workforce of thousands of employees.

The company manages a fleet of buses for urban and intercity travel, offering services across several states. While its operations include both traditional internal combustion engine (ICE) vehicles and electric buses, there is a growing focus on transitioning to more sustainable mobility solutions. The company provides transportation services through government contracts and private-sector partnerships, ensuring daily travel for passengers in various regions.

Along with its bus operations, Chartered Speed is exploring ways to integrate electric and alternative fuel-powered vehicles into its fleet. This shift toward greener transportation aligns with industry trends focused on reducing emissions in public mobility solutions.

About PM e-Bus Sewa Scheme

The PM-eBus Sewa Scheme plans to deploy 10,000 electric buses across cities in India. The bus services will be operated through a Public-Private Partnership (PPP) model. This scheme will support the operations of these buses for 10 years. States and cities will be responsible for running the services and making payments to the bus operators. The Central Government will provide subsidies to support these operations, as outlined in the scheme.

The PM-eBus Sewa Scheme has a total funding of Rs 57,613 crore. The central government will contribute Rs 20,000 crore, while the rest will be provided by state governments. The scheme will cover cities with a population of 3 lakh or more, with priority given to cities that do not have organized bus services. The PM-eBus Sewa Scheme has two main segments: Augmenting City Bus Services and Green Urban Mobility Initiatives.

Augmenting City Bus Services: This segment will see e-buses operating under the PPP model, with the government helping to develop the infrastructure needed to support and upgrade bus depots. It will also assist cities in creating power infrastructure for the e-buses.

Green Urban Mobility Initiatives: This segment focuses on developing bus rapid transit projects and non-motorized infrastructure like bike-sharing and bicycle lanes. It will also include innovative projects such as the National Common Mobility Card, Intelligent Transit Management System, and Multimodal Interchange facilities.

Also Read: NueGo Unveils Electric Buses for Comfortable and Eco-Friendly Travel

CMV360 Says

The introduction of over 900 electric buses in multiple cities is a development for urban transportation. It gives people a cleaner and more reliable way to travel every day. Plus, it will create jobs and improve the transport system in these cities.