Mahindra EV business taps Jio-bp’s charging and battery swapping technology

Mahindra & Mahindra

Mahindra Group has tied up with Jio-bp, a joint venture of Reliance Industries (RIL) and BP, to evaluate Jio-bp’s charging and battery swapping technology for its electric three- and four-wheelers, as well as quadricycles and small commercial vehicles.

The partnership will also explore business models such as mobility as a service and battery as a service to help speed up EV adoption in the country.

Jio-bp said in October that it had started offering services for charging and battery swapping for electric vehicles in India.

Mahindra is also looking to bolster its EV business and has been considering raising funds or carving it out as a separate unit. The company expects electric vehicles to account for about 20 percent of its volumes in India by 2027.