So, what will each of them be bringing to the table?
The joint mission is to build a cooperative technological partnership to support India in their transition to electric. They will look to expand this offering globally in the future.
Switch will be bringing its strong commercial vehicle industry experience and 100% electric vehicles, while Siemens will offer its proven high-efficiency charging infrastructure technology with reliable medium-voltage grid connection solutions. The energy-efficient operations of the chargers will be further enhanced by Siemens’ charging infrastructure management software.
“Switch Mobility has a strong pedigree in the commercial vehicle market in India and is ideally placed to promote our aspiration of zero carbon emission transportation. With our experience of over 230 electric vehicles already in operation successfully in India and the U.K, we see immense growth opportunities for Switch’s expansion in India, Europe and many global markets. Our aspiration is to make Electric products more affordable through this offering, which is also shared by Siemens, renowned for their rich technological pedigree in innovative engineering solutions. We believe that a collaborative approach will accelerate the process. I am very excited with this collaboration which I strongly believe augurs well for the future of commercial e-mobility, in India.” - Dheeraj Hinduja, Chairman, Switch Mobility
“Siemens is a global leader in e-Mobility solutions for commercial vehicles. We have been implementing projects for electric commercial vehicles across the globe. Together with Switch Mobility, we intend to implement high-quality techno-commercial solutions to address the needs of the growing e-mobility market in India.” - Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited
As part of the agreement, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd – the eMaas platform company to be formed as a subsidiary of Switch Mobility Ltd.
“Our collaboration with Siemens will focus on key identified areas, which will be critical to propel ourselves, as an industry, towards clean and sustainable mobility solutions. Our overarching objective is to achieve the lowest Total Cost of Ownership (TCO) and our endeavor with Siemens will focus on it to make e-mobility a compelling solution for businesses and environment in India.” - Mr Nitin Seth, COO, Switch Mobility