Reliance Enters EV Business with Mahindra Group To Explore Low-Carbon Emission Options

Jio-BP has signed an MoU with Mahindra to explore business models like Mobility as a Service  ( MaaS), and Battery as a Service (BaaS). They will also work on battery swapping technology for three-wheelers.

Reliance BP Mobility Limited (RBML), which operates under the brand name Jio-BP has announced a non-binding MoU with the Mahindra Group, that will explore the creation of EV products and services. They will also work to develop and identify synergies for low-carbon and conventional alternative fuels. As per the MoU, both Jio BP and Mahindra will evaluate charging solutions for 3-wheelers, 2-wheelers, and 4-wheelers.

Jio-BP is the Indian fuels and mobility joint venture between Reliance Industries Limited and UKs BP PLC. BP PLC is mainly responsible for bringing in high-quality differentiated fuels, lubricants, and advanced low carbon mobility solutions. While the RBML is in charge of the distribution with its wide network of petrol stations, the Mahindra Group will provide the vehicles. All in all, both companies want to create an EV ecosystem.

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This partnership is aimed to leverage the strengths of both the companies, with respect to the EV products and services. This means, that aside from utilizing Jio-BPs existing petrol stations, the Mahindra Group will also aid the success of EV charging and swapping points, with their vehicles.

On the other hand, Jip-BP recently launched their first Mobility station in Mumbai, where multiple fuel options are available, along with an EV charging infrastructure. Additionally, Jio-BP will also explore business models like Mobility as a Service (MaaS) and Battery as a Service (BaaS). In these two aspects, Jio-Bp will provide charging solutions to vehicles launched by the Mahindra group.

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This partnership is mainly to accelerate the EV Adoption process. The ultimate convenience of a customer will be to bring in a depleted battery at a swapping station and get a fully-charged battery for a nominal fee.

Given how rapidly the EV business has been picking up in India, along with Govt FAME II subsidy  what is your calculation with regards to buying an EV? Let us know in the comment section. You can also join our 91Wheels Telegram and 91Wheels Whatsapp group to know more about vehicles, conduct discussions on your favourite ride and much more! Also, do subscribe to our Youtube channel for video content on the latest from the world of cars and motorcycles.