Tata Power Renewable and Tivolt Join Forces to Boost EV Charging for Commercial Vehicles

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company, has entered into a strategic partnership with Tivolt Electric Vehicles Private Limited, a Murugappa Group venture.

The collaboration was formalised through a Memorandum of Understanding (MoU) signed by Mr. Saju Nair, CEO of Tivolt, and Mr. Virendra Goyal, Head of BD EV Charging at TPREL, in the presence of senior executives from both companies.

This partnership aims to transform the electric vehicle (EV) charging ecosystem in India, focusing on small commercial EVs.

Strengthening EV Charging Infrastructure

TPREL will establish an extensive EV charging network at Tivolt dealerships, customer locations, and high-traffic public spaces. With over 6,500 public, semi-public, and fleet charging points, along with 1,100+ bus charging stations across 530 cities, TPREL’s EZ Charge brand has already built a robust network. These strategically deployed chargers make EV charging accessible in diverse locations such as highways, malls, hospitals, and residential complexes.

In collaboration with Tivolt, TPREL will install customised charging solutions tailored for small electric commercial vehicles. These solutions will empower EV owners with reliable, accessible, and cost-effective charging, thereby encouraging the adoption of electric mobility in the commercial sector.

TPREL plans to integrate solar energy systems into Tivolt’s dealerships and customer locations. This approach aligns with the companies’ commitment to sustainability by reducing the carbon footprint and lowering the cost of charging for consumers. By incorporating renewable energy, this partnership seeks to make EV adoption more affordable and environmentally friendly, contributing to India’s broader goal of transitioning to clean energy.

Tivolt, an EV venture by the Murugappa Group, is set to redefine urban mobility with its focus on small and light commercial electric vehicles under the Montra Electric brand. Tivolt’s comprehensive ecosystem combines cutting-edge technology, robust charging infrastructure, and a customer-centric service approach. By emphasising sustainability and innovation, Tivolt aims to lead India’s EV revolution with practical and reliable mobility solutions.

A Shared Vision for a Cleaner Future

Both TPREL and Tivolt share a vision of making EV charging more convenient, affordable, and eco-friendly for commercial EV users. With TPREL’s extensive experience and Tivolt’s innovative solutions, the partnership aims to pave the way for a cleaner and more sustainable India.

On December 12, 2024, Tata Power share price opened at ₹435.00, touching the day’s low at ₹429.95, as of 10:08 AM on the NSE.

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