Mahindra Electric, part of the USD 19 billion Mahindra Group and Zoomcar, India’s leading car rental company, today announced the launch of a unique initiative to promote development of the sustainable mobility ecosystem in the city of Mysuru. As part of this initiative, 20 e2oPlus vehicles, Mahindra’s all-electric city smart car, and two fast charging units will be deployed on the Zoomcar platform. These vehicles can be hired by residents and visitors in the city.
These vehicles are financed as a part of larger financing arrangement between Zoomcar and Mahindra Finance, which will see Zoomcar obtain customised EV financing. Mahindra Finance continues to be a preferred financier for Zoomcar & Mahindra Electric for EV financing.
This initiative is aimed at promoting connected, shared and electric mobility as a model, in line with the recommendations in the NITI Aayog report on the government’s 2030 vision. Mysuru is being developed as a holistic EV ecosystem, in alignment with the Karnataka government’s EV policy which envisages going beyond metros. This is the first of its kind EV policy drafted by a state in the country.
Mahindra Electric is also offering fast charging services to enhance the EV experience for Zoomcar’s customers. Currently, charging units have been installed at Country Inn and Garuda Mall, which can be used by EV users. With the government’s support, the plan is to have more units installed at key locations in the future. The organisations also intend to replicate this model in Chandigarh, Delhi and Hyderabad soon.