Lithium Urban Technologies Enters Joint Venture With Fourth Partner Energy
Lithium Urban Technologies has enter JV with Fourth Partner Energy for developing E-vehicle charging infrastructure across the country. The 50-50 joint venture company named as Shuchi Anant Virya has launched its E-vehicle charging station in Gurugram. The Capacity of charging hub is 25-30 at a time. The unit will be used initially to charge Lithium’s fleet to Wipro and American Express in Gurugram. The Joint Venture already set up its second facility in Pune with charging over 40 vehicles simultaneously. Shuchi plans to launch 12-15 such stations in Delhi-NCR, Hyderabad, Bengaluru and Mumbai. The two partnership companies jointly put up investment of Rs. 20 Cr for proposed EV charging hubs.