+
HPCL partners with VoltUp for 50 battery swapping centres
POWER & RENEWABLE ENERGY

HPCL partners with VoltUp for 50 battery swapping centres

Battery-swapping solutions start-up VoltUp in a joint venture with oil and gas major Hindustan Petroleum Corporation Ltd (HPCL) will develop battery-swapping solutions centres across India. In an effort to set up smart electric mobility stations for electric vehicles (EV), the partnership plans to set up 50 such battery swapping solutions centres across the country in the next six months. Swapping batteries obviates spending long hours charging batteries.

Lack of charging infrastructure, high cost of adoption and lengthy charging time for electric vehicles have been among the hurdles and challenges towards the adoption of electric mobility in India. To overcome these challenges, VoltUp and HPCL have initiated this partnership for setting and scaling up infrastructure. With this tie-up, VoltUp aims to provide infrastructure for:

  • Instant swapping to end consumers
  • Last-mile delivery
  • Shared mobility providers
  • Original Equipment Manufacturer's (OEM) and logistic players with smart lithium-ion batteries in a connected environment-friendly manner

The partnership also aims to leverage the countrywide network of HPCL with VoltUp's expertise in the field of battery swapping technologies.

For the Indian EV market that is expected to be dominated and driven by the 2-3 wheeler commercial segment, battery swapping will offer the best alternative to slow charging and help drivers make optimum use of their operational hours.

Battery-swapping solutions start-up VoltUp in a joint venture with oil and gas major Hindustan Petroleum Corporation Ltd (HPCL) will develop battery-swapping solutions centres across India. In an effort to set up smart electric mobility stations for electric vehicles (EV), the partnership plans to set up 50 such battery swapping solutions centres across the country in the next six months. Swapping batteries obviates spending long hours charging batteries. Lack of charging infrastructure, high cost of adoption and lengthy charging time for electric vehicles have been among the hurdles and challenges towards the adoption of electric mobility in India. To overcome these challenges, VoltUp and HPCL have initiated this partnership for setting and scaling up infrastructure. With this tie-up, VoltUp aims to provide infrastructure for: Instant swapping to end consumersLast-mile deliveryShared mobility providersOriginal Equipment Manufacturer's (OEM) and logistic players with smart lithium-ion batteries in a connected environment-friendly mannerThe partnership also aims to leverage the countrywide network of HPCL with VoltUp's expertise in the field of battery swapping technologies. For the Indian EV market that is expected to be dominated and driven by the 2-3 wheeler commercial segment, battery swapping will offer the best alternative to slow charging and help drivers make optimum use of their operational hours.

Next Story
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?