Magenta Group Inaugurates India’s Largest Public EV Charging Station In Navi Mumbai
- ByStartupStory | July 16, 2021
Magenta Group Inaugurates India’s Largest Public EV Charging Station in Navi Mumbai. he first of its kind public charging station will be functional 24*7 with 21 AC/ DC chargers for 2-wheelers, 3-wheelers and 4-wheelers. Depending on the chargers can charge a vehicle in 45 mins. For vehicles which require AC slow charging, a parking bay has been developed which allows for overnight charging as well. These chargers can be operated through the ChargeGrid App with online remote monitoring which includes an automated payment gateway, thereby eliminating the need of having a station marshal to monitor, maintain & operate the chargers at the location. These chargers are also powered by a combined 40 KW rooftop solar power.
The setting up of this public EV charging station in Mumbai will be a revolutionary move to support the government initiative of setting up 400,000 charging stations to meet the requirement for two million Electric Vehicles (EV) that could potentially ply on its roads by 2026. Currently, as per EV industry body – Society of Manufacturers of Electric Vehicles – there are 1,800 charging stations in India as of March 2021 for approximately 16,200 electric cars, including the fleet segment. Hence, this move by Magenta will prove as a stepping-stone to fulfil the vision of achieving the desired number of EV chargers by 2026. Magenta had recently closed it round of Series-A funding of Rs. 120 Cr. from American philanthropist, Dr. Kiran Patel. Magenta intends to pump in Rs. 30 Cr.
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