Magenta to Deploy EVs for Government Offices in Telangana

Navi Mumbai-based Magenta has signed an agreement with state-owned Telangana State Renewable Energy Development Corporation Ltd (TSREDCO) for deploying electric vehicles (EVs) for government use under the Go Electric campaign.

TSREDCO is the nodal agency of Telangana for the promotion of energy conservation initiatives and renewable energy programmes and projects such as adoption of EVs.

Further, TSREDCO has been coordinating the transition of government officer transport from ICE (Internal combustion Engines) vehicles to EVs across the state departments of Telangana.

Under the agreement, Magenta will deploy EVs under its Electric Vehicle Enabled Transport (EVET) platform and associated charging infrastructure across the state and strive to achieve substantial reduction in total cost of transportation for personal and commercial purposes.

The EVET platform is a tech enabled EV deployment platform which allows for optimizing and managing EVs through a centralized system and network management. This in tandem with their existing ChargeGrid platform allows for a fully integrated EV deployment solution for corporates and governments.

Commenting on the agreement signed, Maxson Lewis, MD of Magenta, said, “Magenta is committed to solving EV challenges. We started solving the EV charging challenges with made in India, made for India solutions. With the launch of our EVET platform, we are now targeting to make electric mobility smart & affordable. We are extremely delighted to partner with Telangana state government to make it an EV amenable state under its Go Electric campaign spearheaded by TSREDCO. We are committed to spearheading the EV growth in India by aggressively deploying charging stations while leveraging our advanced technology platform for deploying the mobility solutions.”

Recently, the company had closed its USD 15 million (Rs 120 crore) Series A funding from Florida-based Indian-American serial entrepreneur Dr. Kiran C Patel.