Switch Mobility, Siemens Signs MoU to Execute eMobility Projects in India

Siemens has inked a MOU with Switch Mobility Automotive to jointly address the requirement of electric commercial vehicle customers and execute e-Mobility Projects in India.

Sunil Mathur, MD & CEO, Siemens states, “We have been implementing projects for electric commercial vehicles across the globe. Together with Switch Mobility, we intend to implement high-quality techno-commercial solutions to address the needs of the growing E-mobility market in India.”

The MOU is intended to offer efficient, cost-effective and sustainable e-Mobility solutions to various commercial vehicle customers across India. Thus, Switch Mobility would bring its electric commercial vehicle industry experience while Siemens would offer the charging infrastructure technology and charging infrastructure management software solution to improve the energy-efficient operations of the chargers. Hence, Siemens' charging infrastructure management software solution would enhance the energy-efficient operations of chargers.

“With our experience of over 230 electric vehicles already in operation successfully in India and the UK, we see immense growth opportunities for Switch’s expansion in India, Europe and many Global markets. Our aspiration is to make Electric products more affordable through this offering, which is also shared by Siemens. A collaborative approach will accelerate the process. This collaboration augurs well for the future of commercial e-mobility, in India,” says Dheeraj Hinduja, chairman, Switch Mobility.

Both the companies would come together on new business models such as eMobility-as-a-Service (eMaas), and integrated depot energy management, Vehicle-to-Grid (V2G) as well as on-site / off-site renewable energy sources by opting for batteries from commercial vehicles.

In terms with the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, would consider a minority investment in OHM Global Mobility, the eMaas platform company could be developed as a subsidiary of Switch Mobility Automotive.

Nitin Seth, Director, Switch Mobility comments, “Our collaboration with Siemens will focus on key identified areas. Our overarching objective is to achieve the lowest Total Cost of Ownership (TCO) and our endeavour with Siemens will focus on it.”