The company will also set up an EV charging infrastructure through operation clusters. Each cluster will be equipped with parking, plug-in chargers, and swappable batteries to serve 20-25 Zbee vehicles in fleet operations, the company said in a media release.
The announcement was made in an exclusive event held at Business Sweden, New Delhi, in the presence of Jan Thesleff, Ambassador of Sweden to India, and Cecilia Oskarsson, Trade & Invest Commissioner of Sweden to India and South Asia, Business Sweden and Clean Motion’s investors.
Jan Thesleff said, "I am delighted to witness the collaboration between Clean Motion AB, an innovative Swedish mobility company, and India Accelerator. This partnership signifies a step towards addressing the pressing challenges posed by climate change and the need to think differently about transportation. By combining the strengths of both nations, this collaboration aims to scale-up and contribute to solutions that meet the demands of the Indian market.”
Ashish Bhatia of Finvolve said, “India is making impressive strides in the EV space and is poised to lead the charge of sustainable mobility at a global level. It is our strategic investment in the EV space, and we are confident that India’s favourable manufacturing environment will provide an impetus for growth to Clean India, bringing about a significant shift in the global EV market.”
USD 1mn seed fund investment: Meanwhile, India Accelerator through its leading micro VC Finvolve, has recently made a seed fund investment of USD 1 million in the Sweden-based Clean Motion through its Indian subsidiary Clean Mobility Solution India Pvt. Ltd. to support the company’s multi-pronged growth agenda of scaling up its operations in the Indian EV market.
Capitalising on its clean mobility solutions, the Indian subsidiary will focus on first and last-mile services, connecting key locations including metro stations, malls, colleges, and offices. To further bolster the company’s expansion efforts, Finvolve plans to invest additional USD 3million to 5 million in the next two years, the release said.
Clean Motion AB was introduced to India in 2014 through India-Sweden Innovations’ Accelerator programme - part of an intergovernmental cooperation between India and Sweden focusing on green transformation and resource optimisation in India. The programme is backed by Swedish Energy Agency and supported by Business Sweden and CII – Green Business Centre, the release added.
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