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Fortum India EV Strategy |Fortum’s Plans for E-Mobility – EV Next


by Narasimhan Santhanam

Fortum’s Plans for E-Mobility – EV Next

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This posevnext-logo-v-smallt is a part of EV Next’s EV Perspectives.

EV Nexta division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.


 

Introduction

Fortum is a leading Finnish firm operating in the fields of energy and power.

The Indian division is headquartered at Gurgaon.

Company Profile

Fortum’s program for electric transportation has been ongoing in various forms since the 1980s, and in 2011 it was commercialized under the Charge & Drive brand. The company has ventured in India making it the first country outside Europe in the Charge & Drive space with the cloud based system (SAAS).

Fortum Charge & Drive is the most advanced solution for operating a charging network. They deliver everything needed to create superior end-user experiences from the mobile applications to top rated customer support.

Product Profile

The company offers Electric vehicle charging infrastructure

Future Plans

  • plans to install 720 facilities for charging electric vehicles by 2020 in seven cities of India.

Partnerships

  • In Oct 2017, the company signed a MoU with NBCC for developing electric vehicle charging infrastructure across India.
  • November 14, 2017, Fortum India Private Limited has signed a Memorandum of Understanding (MoU) with Nagpur Municipal Corporation to develop charging infrastructure for electric vehicles in the city. 
  • SAIC-backed MG Motors tied up with Fortum Energy to set up India’s first 50 KW fast charger. Under the partnership, Fortum will install 50 KW CCS/CHAdeMO DC fast public charging stations for EVs across MG’s showrooms in 5 cities

R&D

  • In Nordic countries, they have recently installed 150 kW chargers capable of charging EV in less than 15 minutes for 125 km depending upon the car and its battery management system. In India also they can develop similar infrastructure if there is a demand for the same.
  • The company has an in-house R&D team and also willing to understand emerging developments and opportunities across the globe in EV

Other Strategic Perspectives

  • According to Fortum India MD, Around 75% EV charging stations will be public; rest will be at homes 

Global Work

  • Offers battery recycling solutions in Finland.
  • The company is connected to a network of 1,400 affiliated smart chargers across Norway, Sweden, and Finland
  • Fortum Charge & Drive offers complete solutions for businesses and consumers in the EV charging ecosystem, including home and destination charging, public charging, as well as the commercially available business software. The company develops an EV charging business platform for Charge Point Operators (CPOs) to operate EV charging networks, including customer management and payments, while the charging apps are developed for eMobility Service Providers (EMPs or EMSPs) to offer the consumer-facing interface for EV drivers (maps, payments, etc).
  • Fortum owns a charging station location app named PlugSurfing across Europe.  Plugsurfing connects 60,000 EV drivers to more than 200 charging networks, thus offering access to over 100,000 charging points in 31 European countries.

Read EV Next posts on the India electric vehicle strategy for these companies: ABB | ACME | Altigreen Propulsion | Amara Raja | Ashok Leyland | Ather Energy | Audi | Bajaj | BASF | Bharat Forge | Black & Veatch | BMW | Bosch | Continental AG | Denso | Exide | Exicom | Ford | General Motors | Great Wall Motors| Greaves | Hella | Hero Electric | Honda | Hyundai | JBM | Kia | Kinetic Green | LG | Mahindra Electric | MG Motors | Nissan | Ola | Olectra | Panasonic | Piaggio | Porsche | Renault | Samsung SDI | Schneider Electric | Sun Mobility | Tata Autocomp | Tata Motors | Tata Power | Toyota | TVS Motors | Uber | UL | Volvo |


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Know more on how EV Next can assist your business in your strategy for the e-mobility and electric vehicles sectors, Here

Wish to know everything about India’s EV market from one place? Check out the India EV Expert Guide, an 800 page comprehensive guide to the Indian EV marketHere



Categories: E-mobility, Electric Vehicles, EV Charging and Swapping Infrastructure Companies, EV Charging and Swapping Strategy, EV Companies and Startups, Indian E-mobility Strategy

Author - Narasimhan Santhanam


Thank you for reading this post – hope it was helpful. You can connect with me at narsi@eai.in. My detailed profile here and my LinkedIn profile here

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