In Delhi, a joint venture between billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) and energy supermajor BP has built one of the country’s largest EV charging centers as the two companies expand their petroleum retail network, which includes EV charging infrastructure.
Reliance BP Mobility Limited, known as Jio-bp, is collaborating with several demand aggregators, original equipment manufacturers (OEMs), and technology partners to become India’s leading EV charging infrastructure provider, according to RIL’s third-quarter earnings announcement last week.
Jio-BP largest EV Charging Hubs in Dwarka, Delhi
“With BluSmart as its key customer, Jio-bp has created and installed one of the country’s largest EV charging hubs in Dwarka, Delhi,” it had added.
For USD 1 billion, BP purchased a 49 percent ownership in Reliance’s roughly 1,400 petrol pumps and 31 aviation turbine fuel (ATF) stations. Reliance’s current petrol stations were transferred to the joint venture, which expects to expand them to 5,500 by 2025.
The remaining 51% of Reliance BP Mobility Limited is owned by Reliance (RBML). The marketing authorization for transportation fuels has already been granted to RBML.
Jio-bp plans to build a network of EV charging facilities and battery swap stations at its petrol stations, dubbed “Mobility Stations,” as well as other freestanding places, dubbed “Mobility Points.” The joint venture aspires to be India’s leading provider of electric vehicle charging infrastructure.
“Approximately the coming months, the existing network of over 1,400 fuel pumps will be rebranded as Jio-bp, delivering a new variety of consumer value propositions,” Reliance-bp announced when the first Jio-bp outlet opened in October last year.
With hundreds of millions of customers in Jio and Reliance Retail, the joint venture plans to leverage Reliance’s extensive global experience in high-quality differentiated fuels, lubricants, convenience, and advanced low-carbon mobility solutions, as well as bp’s extensive global experience in high-quality differentiated fuels, lubricants, convenience, and advanced low-carbon mobility solutions.
“Jio-bp Mobility Stations the nation over will supply additives fuel rather than ordinary fuel at no additional expense. The fuel will include internationally developed ‘ACTIVE’ technology, which produces a protective layer on essential engine elements to aid in engine cleanliness “According to the release.