Siemens Limited forms e-mobility joint venture company in India

Technology firm Siemens Limited has entered into a strategic partnership with Switch Mobility to expand its e-mobility services in India by setting up the charging infrastructure.

Siemens Limited signed a Memorandum of Understanding with Switch Mobility – a UK-based developer of electrified buses and light commercial vehicles (LCVs) and a subsidiary of the Indian commercial vehicle manufacturer Ashok Leyland Ltd – to provide commercial vehicle customers in India with efficient, cost-effective, and sustainable e-mobility solutions.

The two companies will form an e-mobility-as-a-service joint venture company OHM Global Mobility Private Ltd, in which Siemens Financial Services, the financing arm of Siemens AG, will consider a minority investment.

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Switch Mobility will bring its electric commercial vehicle industry experience while Siemens Limited will provide the charging infrastructure technology and management software solution to enhance the energy-efficient operations of the chargers.

Siemens and Switch Mobility will co-develop new business models including eMobility-as-a-Service (eMaas), integrated depot energy management, Vehicle-to-Grid (V2G) as well as on-site / off-site renewable energy sources by leveraging batteries from commercial vehicles.

Switch Mobility manages over 230 electric vehicles in India and the UK and plans to leverage its partnership with Siemens Limited to expand its presence in India.

The growing EV market in India

As the world races towards the electrification of the transport system to meet decarbonisation targets, India seems to be an important market for international technology companies. This is evidenced by a number of leading EV market players entering the market.

In addition to the Siemens and Switch Mobility forming a joint venture EV solutions arm, Enel X, the energy services arm of utility Enel, has partnered with Indian engineering, procurement and construction company Sterling and Wilson to promote the adoption of EV charging infrastructure on the Indian subcontinent.

Enel X and Sterling and Wilson will target the private and public EV charging infrastructure market and will market and distribute solutions that already have worldwide recognition.

In mid-February, utility Tata Power announced its partnership with the UN Environment Programme to install charging infrastructure for Central Railway in Mumbai.