Magenta, TSREDCO inks MoU for deploying e-vehicles under the 'Go Electric' campaign
TSREDCO, the nodal agency for the state of Telangana for promotion of Energy Conservation Initiatives and Renewable Energy programmes and projects such as the adoption of Electric Vehicles has announced that it has signed an agreement with Navi Mumbai based, Electric Vehicle (EV) solutions company, Magenta. Under this agreement, TSREDCO will coordinate the transition of government officer transport from ICE (Internal combustion Engines) vehicles to EVs across the state departments of Telangana.
Telangana state has always had a progressive view towards clean mobility solutions. The Telangana EV policy launched in 2019 was further built upon to launch the 'Telangana Electric Vehicle & Energy Storage Policy 2020-2030'. TSREDCO has been working relentlessly to deliver the policy's mission to make Telangana a hub for Electric Vehicles & Energy Storage Systems
As part of this initiative and under this agreement, Magenta will deploy Electric Vehicles under its EVET (Electric Vehicle Enabled Transport) platform and associated charging infrastructure across the state and strive to achieve a substantial reduction in the total cost of transportation for personal and commercial purposes, supported by a strong charging infrastructure. The EVET platform is a tech-enabled EV deployment platform that 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.
Incorporated in 2017, Magenta was founded by Maxson Lewis and Darryl Dias. The duo has combined global experience of over three decades in management consulting, automotive & renewables industries. Over the last three years, Magenta had established itself as a key player in the EV charging market under the ChargeGrid brand. This agreement with TSREDCO marks the launch of Magenta in the EV mobility sector under their EVET brand.
Mr. Maxson Lewis, MD of Magenta said on the occasion, "Magenta is committed to solving EV challenges. We started solving the EV charging challenges with made-in-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 the 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."