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Chartered Speed flags off EV transport services in GIFT City

  • Chartered Speed company flagged off FOUR EV buses and TWENTY e-bikes services for GIFT intercity and intra-city movement
  • Completion of all phases will potentially reduce 7,000 vehicles from entering Gift City and reduce unnecessary traffic from Ahmedabad – Gandhinagar Highway

Mobility service provider Chartered Speed Ltd. (CSL) who had signed a Memorandum of Understanding (MoU) with GIFT City – India’s first Smart City and International Financial Services Centre (IFSC) flagged off a fleet of Electric Vehicles in GIFT City. As a part of Phase 1, Chartered Speed launched four fully integrated EV Buses and twenty e-bikes services to address the demand of public transport for people commuting to and from GIFT City in Gandhinagar, Gujarat. The number of buses will increase to 50 over a period of 12-18 months.

Mr. Tapan Ray, Managing Director & Group CEO of GIFT City flagged off the services in presence of Mr Pankaj Gandhi, Managing Director and CEO of Chartered Speed Ltd. Commuters can opt for convenient subscription options, can pre-book the seats in buses and find a bike for their travel route. These travel services will cover three destination points – 2 in Ahmedabad and 1 in Gandhinagar.

Mr Tapan Ray, MD & Group CEO, GIFT City said, “As GIFT City continues to set benchmarks with its increasingly global and national importance, sustainable development and innovation have become an integral part of GIFT’s progress. The commencement of its EV fleet by Chartered Speed has opened a new chapter in green mobility solutions. This will provide an easy, convenient and sustainable mode of transport for those commuting to GIFT City.”

Mr Sanyam Gandhi, CEO & Director, Chartered Speed Ltd., said, “We are extremely happy and excited to start our EV fleet services at renowned GIFT City for their internal and intracity movements. By the completion of all the phases, we will potentially reduce 7,000 vehicles from entering Gift City and reducing unnecessary traffic from Ahmedabad – Gandhinagar Highway.”

“We are fully committed to providing the agreed number of fleets with GIFT city and aim to increase the number of fleets in phases. The availability of EV transport services in a well-known global financial hub like GIFT City will not only encourage green mobility but will also its acceptance across the country.” He added


These 37-seater EV buses are equipped with necessary amenities like onboard wifi, mobile charging sockets and safety devices making it a comfortable mode of travel for commuters. Similarly, Chartered Bikes are powerful yet lightweight electric bikes to provide easy travel within GIFT City. Chartered Speed will monitor, operate and maintain the fleet services end-to-end and the charging infrastructure will be developed across locations in GIFT City. On average, a fleet of 10 buses and 50 e-bikes will save approximately 5.5 lakh litres of fuel while reducing carbon emissions to the tune of 1450 tonnes, annually.

On-time, Convenient and Safe Two-way Bus Travel Service for Daily commuters From Ahmedabad & Gandhinagar

  • 24/7 bus service with fixed pickup & drop points
  • Pre-book seats through subscriptions plans
  • Luxury, eco-friendly electric buses

Powerful, Lightweight electric bikes to commute within GIFT City

  • Multiple bike stations accessible across GIFT City
  • Easy access to electric bikes on the go
  • Convenient subscriptions available

About Chartered Speed Ltd.

Chartered Speed Limited (CSL) is one of India’s leading passenger mobility companies [CRISIL, 2018] with a presence in 10 states, daily helping 300,000 people to get to their destinations in more than 70 cities. They are the largest fleet bus operators in India for intercity and intracity passengers in Central, Western and North-Eastern states of India.

About GIFT City

GIFT City is India’s first operational smart city and International Financial Services Centre (IFSC), GIFT City is an emerging global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with excellent external connectivity. GIFT City also provides a conducive business ecosystem with ease of doing business, a competitive tax regime, quality of life and many more advantages.

Read More: Dispatch is Changing the Fleet Dynamic of Last-mile Delivery


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