GLIDA, formerly known as Fortum Charge & Drive India, has announced its ambitious plan to invest up to Rs 100 crore by March 2024 in order to significantly expand its electric vehicle (EV) charging infrastructure. The company aims to increase the number of charging stations from the current 450 to 1,000, providing a substantial boost to the EV charging network in India.
The Executive Director of GLIDA, Awadhesh Kumar Jha, expressed the company’s vision to expand its presence in 52 cities across the country by 2025. Currently operating in 16 cities, GLIDA is determined to strengthen its position as a key player in the rapidly growing EV market in India.
The investment will primarily focus on enhancing the charging infrastructure, enabling EV owners to conveniently charge their vehicles and thereby encouraging the adoption of electric mobility. With the increased number of charging points, EV users will have greater accessibility and peace of mind while planning their journeys.
GLIDA’s strategic move aligns with the Indian government’s vision of promoting electric mobility and reducing carbon emissions. As India strives to achieve its ambitious targets of electrifying a significant portion of the automotive industry, the development of a robust charging infrastructure network is essential. Such infrastructure investments play a crucial role in instilling confidence among potential EV buyers, alleviating concerns about range anxiety, and fostering the widespread adoption of electric vehicles.
The investment by GLIDA comes at a time when the EV market in India is experiencing a surge in demand. With the rising awareness of environmental concerns and the need to transition towards sustainable transportation options, the demand for EVs has been steadily increasing. In response to this growing demand, GLIDA aims to contribute to the expansion of the charging infrastructure, bridging the gap between EV adoption and the availability of reliable charging facilities.
GLIDA’s commitment to expanding its network of charging stations demonstrates its confidence in the future of electric mobility in India. By investing in charging infrastructure, the company not only supports the government’s initiatives but also helps build a sustainable ecosystem for EVs to thrive. As more EVs hit the roads, the charging infrastructure must keep pace to meet the requirements of the growing EV user base.
The funds allocated by GLIDA will be utilized for site acquisition, equipment installation, and the deployment of advanced charging technologies. This investment will enable the company to establish a robust charging network that offers a seamless charging experience for EV owners. Additionally, GLIDA plans to incorporate smart charging solutions, ensuring efficient utilization of energy and enabling intelligent grid integration.
The expansion of GLIDA’s charging infrastructure will significantly contribute to the development of a sustainable transportation ecosystem in India. It will encourage more individuals and businesses to adopt EVs, leading to a substantial reduction in greenhouse gas emissions and a cleaner environment. Moreover, the increased accessibility to charging stations will address one of the primary concerns of potential EV buyers, ultimately accelerating the transition towards a greener future.
GLIDA’s investment plans have garnered positive attention from industry experts and stakeholders. It sets a benchmark for other players in the EV charging sector and emphasizes the need for collaboration to build a comprehensive charging infrastructure network. The successful implementation of GLIDA’s expansion strategy will not only benefit the company but also facilitate the growth of the entire EV ecosystem in India.
GLIDA’s announcement to invest Rs 100 crore by March 2024 to expand its charging stations network is a significant step towards strengthening the EV charging infrastructure in India. With the goal of increasing the number of charging points from 450 to 1,000 and expanding its presence in 52 cities by 2025, GLIDA aims to support the country’s electric mobility vision. This investment will not only enhance the accessibility and convenience for EV users but also contribute to reducing carbon emissions and promoting sustainable transportation.