Chartered Speed inks MoU with GIFT City to drive EV adoption

The collaboration aims to enhance public transport facilities for commuting to and from GIFT City, as well as promote and strengthen EV infrastructure in Ahmedabad and Gandhinagar region.

Gujarat –Mobility services provider Chartered Speed Ltd¹ has signed a Memorandum of Understanding (MoU) with GIFT(Gujarat International Finance Tec-City)² City of Gujarat, to set up an electric vehicle ecosystem in the city.    

The collaboration aims to enhance public transport facilities for commuting to and from GIFT City, as well as promote and strengthen EV infrastructure in Ahmedabad and Gandhinagar region.

As part of the MoU, Chartered Speed will provide electric vehicles for intra- and inter-city travel in which the company will operate electric bus service connecting GIFT City with Ahmedabad and Gandhinagar and provide electric bikes for convenience of people working, residing and visiting GIFT City.  The company will also manage the day-to-day fleet operations, including drivers, route, fare and fare collection, maintenance of buses, and the setting up of charging infrastructure across GIFT City.

Mr. Tapan Ray, MD and group CEO, GIFT City said, “This is being done keeping the future in mind where EVs and hybrid vehicles will inevitably revolutionise the way people commute. The collaboration will also enhance connectivity options to and from Gift City.”

Mr. Sanyam Gandhi, CEO and director, Chartered Speed Ltd. said, “We are confident that this will also accelerate the growth and widespread adoption of EVs not only within GIFT City, but will also pave the way in enhancing and strengthening EV Infrastructure in the region.”

¹Chartered Speed Ltd a Public incorporated in 2007, registered at Gujarat. Chartered Bus is passenger mobility companies with long and short distance travel in Central, Western and North Eastern India. Chartered Speed run Volvo buses for GSRTC all across Gujarat and can book GSRTC bus tickets at their branch offices. Also partnered with other STUs such as Atal Indore city Transport Services Limited (AiCTSL), Bhopal City Link Limited (BCLL) and Assam State Transport Corporation (ASTC) for providing government approved stage carriage buses.

²GIFT(Gujarat International Finance Tec-City) City is an under-construction central business district in Ahmedabad in Gujarat, India. It is India's first operational greenfield smart city and international financial services center, which the Government of Gujarat promoted as a greenfield project,  GIFT Company Limited has set up an SPV (Special Purpose Vehicle) (100% subsidiary of GIFTCL) namely GIFT SEZ Ltd, designated as the developer organization of the SEZ. GIFTCL has also set up 5 subsidiary companies for the implementation of specialized infrastructure including Power, Water, ICT (Information & Communication Technology), District Cooling and Solid Waste Management.