In Delhi, Jio-bp opens an EV charging station
Jio-bp – In October of last year, RBML opened its first Jio-branded Mobility Station in Navde, Navi Mumbai. The network has continued to grow since then.
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 centres 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 a number of demand aggregators, original equipment manufacturers (OEMs), and technology partners with the goal of becoming India’s leading EV charging infrastructure provider, according to RIL’s third-quarter earnings announcement last week.
“Jio-bp has constructed and installed one of the country’s largest EV charging hubs in Dwarka, Delhi, with BluSmart as its primary customer,” it had stated.
In October of last year, RBML opened its first Jio-branded Mobility Station in Navde, Navi Mumbai. Since then, the network has been expanding.
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.
According to the most recent information available from the petroleum ministry, the number of RBML-equipped gas stations has climbed to 1,448. At the end of September 2021, RBML has 1,427 locations.
The bulk of India’s 81,099 petrol pumps is owned by public sector oil firms, which control the majority of the country’s vehicle gasoline retailing. With 6,496 pumps, Nayara Energy, supported by Rosneft, is the largest private fuel retailer. Shell has 310 gas stations.
EV charging station in Delhi
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.”
With 33,546 petrol pumps, the state-owned Indian Oil Corporation (IOC) is the largest fuel retailer. Bharat Petroleum Corporation Ltd (BPCL) has 19,668 outlets and Hindustan Petroleum Corporation Ltd (HPCL) has 19,602 petrol pumps, both of which are set to be privatised.
“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.
The market for fuels and mobility in India is rapidly expanding. It is expected to be the world’s fastest-growing fuels market during the next 20 years.
“Jio-bp Mobility Stations are conveniently positioned to satisfy customer convenience and are meant to help fulfil this expanding need.” “They bring together a range of services for consumers on the go, including additive fuels, EV charging, beverages, and food, and hope to offer more low-carbon solutions over time,” it stated.
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.
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.
Read more Private Sector News on India Frontline.