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MG Motor India Partners With Epsilon Group For Green Mobility Revolution. (Photo: MG Motor)
This strategic alliance, announced through a memorandum of understanding (MoU), involves two subsidiaries of the Epsilon Group – Power EV and LICO.
MG Motor India has joined forces with the Epsilon Group, stepping up its game in the electric vehicle (EV) charging scene in India.
The carmaker has signed a deal with two Epsilon Group subsidiaries – Power EV for charging solutions and LICO for battery recycling and second-life expertise.
This partnership highlights MG’s dedication to building a robust charging infrastructure and managing batteries efficiently for its EV lineup.
As per the Press Release, Power EV brings a variety of AC and DC Chargers to the table, offering charging speeds from 22kW to 120kW along with Power Panel Management Software for easy station usage.
Under the agreement, Power EV will tailor charging solutions for MG’s EVs, enhancing the charging experience for users. Through the MG Charge initiative, Power EV aims to set up 1000 charging points in 1000 days across residential areas, expanding the public charging network with both AC and high-capacity DC options.
On the other hand, LICO focuses on recycling end-of-life batteries, recovering essential materials like lithium, cobalt, and nickel for reuse. Together with MG Motor India, LICO will develop strategies for battery repurposing, emphasizing renewable energy storage and compliance with recycling regulations. This collaboration aims to optimize recycling efficiency and safety standards for end-of-life batteries.
Gaurav Gupta, Chief Growth Officer at MG Motor India, said, “MG Motor India has consistently advocated sustainability ever since it started operations in India, and has driven the development of a robust EV ecosystem in India. Our collaboration with the Epsilon Group signifies a strategic alliance aimed at realizing this vision through an efficient charging infrastructure which aids and complements a circular economy by way of second-life and end-of-life solutions for batteries. By combining our expertise and resources, we are helping pave the way for an efficient, accelerated adoption of EVs and aiming for a greener tomorrow.”
Benny Parihar, CEO of Power EV, sees the partnership as a game-changer for EV charging, emphasizing the innovation driving India’s e-mobility future. Gaurav Dolwani, CEO of LICO Materials Pvt. Ltd., aims to set new standards for circular economy principles in the automotive sector through comprehensive battery recycling solutions.
MG Motor India has been proactive in the EV space, with over 15,000 charging touchpoints nationwide and plans to install 1000 more soon under the MG Charge initiative. With strategic partnerships like this, MG is revolutionizing the EV landscape and making sustainable mobility a reality for all.
