NexGen Energia Plans To Establish 100 EV Charging Stations Through Franchise Model

GPS Renewables Secures Rs 411.50 Crore Debt-Financing

NexGen Energia, a green fuel company in India, has planned to develop 100 new Electric Vehicle (EV) Charging Stations nationwide. The venture has planned to rope in franchises across the country to expand its business to achieve this target. It also claimed that with several of its offerings for the partners coming on board for this project, NexGen Energia is likely to boost the clean fuel regime in the country. 

In a media statement, the firm claimed it would offer a profitable business opportunity with low risk to the prospective franchisee. “Interested entrepreneurs can establish EV charging stations with production buyback guarantees and receive support for branding, marketing, training vendors, technology transfer, and structured operations from NexGen Energia,” the company said in a statement. 

Piyush Dwivedi, founder and chairman of NexGen said that several promising enterprises located in strategically placed locations in different states with good infrastructure and adequate power availability could bet on this and lead the industry. 

WRI Develops Tool For Financial Evaluation of Public Charging Stations For Electric Vehicles 

Also Read

Dwivedi added that the company’s innovative business model of buyback guarantees, training, and vendor support is assisting them in expanding their business nationally. With the government’s support through subsidies, income tax benefits, GST benefits, land conversion, and NoCs, NexGen Energia hopes to accelerate the adoption of green fuel with its ultramodern technologies of global standards and vast experience in waste to the energy sector. In addition, the firm said that it could ensure technical and policy support to its franchise partners. 

The green fuel firm is also hand-holding support to the franchisees for its EV charging stations, Compressed Biogas (CBG) green diesel production, and CBG Retail Outlets nationwide. CBG also called bio-CNG, is used directly in the domestic cooking fuel piped connections or as a transport fuel in CNG vehicles. 

Crash in Lithium Prices: A Boon for EV Buyers or Unsustainable Trend?

Also Read