Magenta Power installs India’s first EV billing meter in association with MSEDCL (Maharashtra State Electricity Board)
- Significantly reduces the cost per Km for usage of Electric Vehicles.
Magenta Power, who is doing pioneering work in the EV charging infrastructure space in India has yet again, another first to its credit announced India’s first EV billing meter in association with MSEDCL (Maharashtra State Electricity Distribution Company Limited). The EV Billing Meter is launched in sync with the Government Plans to support adoption of Electric Vehicles.
The government of India has been pushing the EV agenda by way of policies to support adoption of Electric Vehicles. On policy, which has been in place for long but not implemented was the EV charging metering under a subsidised rate. Individual states like Maharashtra, Karnataka, Andhra Pradesh, Telangana published their EV policies with this subsidised energy rates on offer. But on the ground, while some EV charging stations have come up, they have been connected to the base meters which meant higher prices for the consumers. With the support of the government of Maharashtra and the MAITRI program and installation by MSEDCL, the state of Maharashtra has installed the first EV billing meter in the country.
Speaking on the launch Mr. Maxson Lewis, Director – Magenta Power said, “This is a first of its kind initiative in India which now opens up the nation to setup such charging points under the governments EV support program. The idea is to make the charging experience across India as convenient as possible.While this meter setup is a small step it is a significant one in India’s EV journey. This meter has been setup at a charging station installed by Magenta Power in Navi Mumbai.
Magenta Power will be deploying the new EV billing meters on all it 6 charging stations already in operation. Magenta Power is planning a slew of new charging stations on other important highways under the EV billing meters scheme
Magenta Group of companies empowers Affordable Renewable Energy Solutions and Ideas across the country. With the promoters having more than 20 years cumulative experience in the power sector, Magenta is poised to offer right end-to-end power solutions. Magenta Group of companies includes Magenta Power,Magenta EV Solutions and Magenta Informatics, operating in all major cities in India, with 6 regional offices and headquarters in Navi Mumbai. Magenta is also affiliated with the Asia-Pacific Energy Group of USA.
Magenta Power specialises in Solar PV based systems, Solar water heaters, Wind Turbine systems and Bioenergy. Magenta has evolved from a high elevation system fabricators and solar water heaters to green energy solutions provider. The strength of the Brand lies in completing complex and difficult solar installations to customer’s satisfaction. Bringing a professional approach to renewable energy sources, Magenta has gathered a wide satisfied customer-base of more than 100 customers with their trust and expertise. With extensive experience of the company and its associates of more than 30 years, Magenta Power is stewarded with the In-house of Expertise and Transparency and unmatched Quality.
The promoters of Magenta Power have set up and operated large-scale projects such as super critical thermal power plants, commercial solar power plants, biomass and mines, not just in India but also all across the globe which includes Canada, Australia, Thailand, Malaysia, South Africa and UAE amongst others.
Magenta group of companies also have strong and trusted associations with international organizations such as APEG of the USA, which broadens their experience by helping the company to provide end-to-end comprehensive solutions.