By Priya Singh
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Updated On: 16-Sep-2023 11:02 AM
GreenCell Mobility, a leading player in the electric vehicle (EV) industry, has entered into a Memorandum of Understanding (MoU) with VE Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors.
The GreenCell Mobility and VE Commercial Vehicles partnership highlights the increasing collaboration between EV manufacturers and commercial vehicle companies to accelerate the electrification of public transportation in India.
GreenCell Mobility (GreenCell), a player in the electric mass mobility sponsored by Eversource Capital, and VE Commercial Vehicles (VECV) signed a Memorandum of Understanding for electric buses.
In a significant move towards sustainable urban transportation, GreenCell Mobility, a leading player in the electric vehicle (EV) industry, has entered into a Memorandum of Understanding (MoU) with VE Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors. The MoU aims to supply 1,000 Eicher electric buses to bolster the adoption of green mobility solutions across various Indian cities.
The partnership between GreenCell Mobility and VE Commercial Vehicles is a testament to the growing emphasis on environmentally friendly transportation in India, as the country grapples with rising pollution levels and the need for cleaner alternatives.
Over the next five years, VECV will collaborate with GreenCell to deliver 1,000 Eicher electric buses for its inter-city business, NueGo, with both parties working together to achieve industry-leading vehicle engineering, data integration, and safety measures in these buses.
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GreenCell Mobility's MD and CEO, Devndra Chawla, expressed his enthusiasm about the collaboration, stating, "This collaboration strengthens our resolve to reshape the mobility landscape and lead the charge toward sustainability."
"I am pleased to announce this partnership with an industry leader like GreenCell Mobility. We look forward to our relationship with GreenCell Mobility as we jointly strive to de-carbonize city mobility, with our focus on outstanding uptime and a strong alternate fuel program," stated Vinod Aggarwal, MD and CEO of VE Commercial Vehicles.
The 1,000 electric buses will be strategically deployed in multiple cities, addressing the growing need for clean and efficient public transportation options. This initiative is expected to significantly reduce greenhouse gas emissions and improve air quality in urban areas, promoting a healthier and more sustainable living environment for millions of people.
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The move aligns with India's ambition to increase the adoption of electric vehicles and reduce carbon emissions in the transportation sector. The government has been actively promoting electric mobility through various incentives and policies, including subsidies and tax benefits for EV manufacturers and buyers.
The GreenCell Mobility and VE Commercial Vehicles partnership highlights the increasing collaboration between EV manufacturers and commercial vehicle companies to accelerate the electrification of public transportation in India. It also showcases the nation's commitment to a greener and cleaner future, positioning it as a leader in sustainable mobility solutions on the global stage.