BPCL and TCPL have inked a comprehensive agreement, initially spanning three years, with provisions for extension up to an additional two years based on mutual terms and conditions.
Bengaluru, January 15, 2024: Bharat Petroleum Corporation Limited (“BPCL”), a Fortune Global 500 Company and a Maharatna Energy Conglomerate, has embarked on a collaboration with Trinity Cleantech Private Limited (“TCPL”), a player in the electric vehicle (“EV”) charging industry, to build dedicated fast charging points for 2-Wheelers and 3-Wheelers. BPCL and TCPL have signed an agreement for a period of 3 years, which is extendable for another 2 years on mutually agreed terms and conditions.
This alliance aims to facilitate the adoption of electric two-wheelers (“e2Ws”) and electric three-wheelers (“e3Ws”) through the establishment of dedicated direct current (“DC”) fast charging points across the state.
BPCL and TCPL have inked a comprehensive agreement, initially spanning three years, with provisions for extension up to an additional two years based on mutual terms and conditions.
BPCL, recognized as a Fully Integrated Maharatna Energy Company and a Fortune Global 500 entity, will join forces with TCPL, a Hyderabad-based company known for its expertise in setting up over 800 EV charging stations nationwide. The collaboration’s focal point is the installation of DC fast charging stations for e3Ws and e2Ws at BPCL energy stations across major cities in Uttar Pradesh.
The first milestone of this collaboration will witness TCPL initiating installations in Ayodhya at BPCL energy stations, coinciding with the launch of electric auto-rickshaws for the temple inauguration event, graced by the Hon’ble Prime Minister of India.
The MoU was signed by Rahul Tandon, CGM (Marketing) Retail, BPCL, and Raj Kumar Medimi, Chief Executive Officer, TCPL, in the presence of Santosh Kumar, Executive Director, Incharge Retail, BPCL, and Surender Nath Mandem, Director, TCPL.
Rahul Tandon, Chief General Manager (Marketing) Retail, BPCL, expressed enthusiasm about the partnership, stating, “BPCL has been providing all forms of energy solutions for personal and commercial mobility to our esteemed customers. We have entered the exciting phase of the energy transition towards clean energy. Taking our intent of offering our customers all energy solutions, BPCL is taking another step for the future of sustainable mobility. BPCL is happy to be associated with TCPL in its journey to set up a fast charging network in Uttar Pradesh. The pooling of resources in the public and private sectors to create necessary infrastructure is a great way to promote electric mobility.”
Under the agreement, TCPL will focus initially on cities such as Kanpur, Lucknow, Ayodhya, Gorakhpur, Ghaziabad, Noida, Saharanpur, and Agra, setting up DC fast charging stations at BPCL outlets adhering to stringent safety standards and Petroleum & Explosives Safety Organization (PESO) norms.
Raj Kumar Medimi, Chief Executive Officer, TCPL, highlighted the significance of the collaboration, stating, “This is a milestone for Trinity Cleantech Private Limited as we get access to BPCL’s wide network of petrol pumps across the country. This will help us set up DC Fast Charging.“
The co-branded DC fast chargers, designed to handle vehicles ranging from 20V to 120V with a current dispensing capacity of 100 amps per hour, aim to eliminate range anxiety. This initiative aligns with BPCL’s commitment to promoting sustainable mobility and represents an important stride toward combating vehicular pollution and improving environmental conditions.
This partnership not only marks a step in advancing electric mobility but also underscores BPCL’s dedication to fostering innovation and sustainable solutions for a greener future.
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