Evenergi Enters India EV Market; Joins Hand with Chemi Tech Group to Deploy 10k Chargers, 2k E-Buses in 3 Yrs

  • Sep 15, 2021
  • Energetica India

With an aim to enter footprints into the Indian electric vehicle (EV) market, Sydney-based Evenergi has joined hands with Chemi Tech Group to acquire a majority stake in the latter’s EV charging infrastructure arm, Snel Charge India.

Commenting on the India entry, Daniel Hilson, Founder and CEO of Evenergi, said, “the Indian market is fully committed to zero emissions transport future, and we are excited to be working with a strong local partner to help accelerate this change, bringing world’s best practice software and experience with major transit authorities, operators, municipalities and OEMs and then work with a fantastic local partner and our new local staff to ensure that the solutions work in the highly challenging and unique Indian context.”

Evenergi has an active presence across 4 continents and is looking for global operations with India being the next target for its growth. It provides software and e-Mobility consultancy services to implement and optimize zero-emissions transport fleets and networks for automotive manufacturers, governments, municipalities, fleet operators and charging infrastructure providers.

As per the deal, Evenergi will be acquiring 80 per cent equity stake in Snel Charge, a specialist in EV charging infrastructure management, civil & electrical infrastructure management and O&M operations.

Post acquisition transaction completion, the newly formed joint venture (JV) will be named with a combination of both the companies.

Through this acquisition, the company has set a target to deploy 10,000 EV chargers and 2,000 electric buses in the next three years in India.

Besides, the venture will bring in capital partners and deploy its own infrastructure of chargers as well as E-Buses for various institutions and government bodies.

The company’s target customers will be municipalities, state transport agencies, automotive manufacturers, city transport corporations, public sector units and distribution companies.

On the partnership with Evenergi, Akarsh Gupta, Director of Chemi Tech, said, “Evenergi is one of the most promising companies in the E-mobility space and has done some tremendous work in this segment across 4 continents. We welcome them to be a part of the Indian growth story and look forward to becoming a leading player in the E-mobility space along with them. The solutions being provided by them will make the electric fleets very efficient and will become really powerful tools for all the stakeholders.”

Commenting on India-Australia business tie-ups, Vijay Singh Shekhawat, Director (Major Infrastructure & Urban Development), Australia Trade & Investment Commission, commented, “with changing dynamics in the EV space, India now presents a far greater opportunity for Australian businesses in the upcoming areas. Setting up a base in India either on their own or through the apt joint ventures/partnerships (like Chemitech Group) to actively take part in developing and executing business opportunities is the key. I look forward to seeing some good commercial outcomes from this venture.”

Through BetterFleet, stakeholders can select suitable electric or lower emission vehicles from the list of vehicles available in the market. Stakeholders can also compare various vehicles and the available charging infrastructure and generate a report for their business case, making it easier to make decisions.

Evenergi also has solutions for energy & charging infrastructure planning, fleet analytics (forecasting & accounting emissions, battery use, KPIs, etc.) and provides complete energy solutions for Bus Depots.