Jio-bp, Mahindra Group sign MoU to boost EV, green solutions

New Delhi, Dec 8 (IANS) Reliance BP Mobility, under the brand name of Jio-bp, on Wednesday signed an MoU with the Mahindra Group for collaboration in areas such as electric vehicle products and services, and in low-carbon and conventional fuels.Jio-bp is a fuel and mobility joint venture between Reliance Industries and UK's bp plc.The MoU is a "non-binding" agreement."The MoU also covers evaluating charging solutions by Jio-bp for Mahindra vehicles including electric three and four wheelers, quadricycles and e-small commercial vehicles," Jio-bp said in a statement.Additionally, business models like 'mobility as a service' (MaaS) and 'battery as a service' (BaaS) will be explored where Jio-bp could provide charging solutions to Mahindra vehicles, the statement said.Besides, the partnership aims at accelerating EV adoption in India with high-performance and swappable batteries, which in turn will help in dispelling range anxiety among users."Such innovative solutions will broaden the horizon for both the companies and help realise India's net-zero emissions goals faster," it added.India aims to achieve the net-zero emitting status by 2070.
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