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Tata Power’s group company, Zoomcar enter into MoU

24 Aug 2023 Evaluate

Tata Power’s group Company -- Tata Power EV Charging Solutions (TPEVCSL) and Zoomcar, a leading marketplace for car sharing, have entered into a Memorandum of Understanding (MoU) to promote widespread electric vehicle adoption and deliver a seamless, user-friendly charging experience to EV users nationwide. This collaboration aims to promote Tata Power's EZ Charge points on the Zoomcar platform and will focus on supporting existing and aspiring EV owners along with Zoomcar's existing customers. Valuable insights on Tata Power’s extensive network of EZ Charge points all across the country will provide these customers with easy access to streamline the EV charging process and address the challenges often associated with using the charging infrastructure. This will encourage more people to list their EVs on Zoomcar's platform and potential customers to opt for them. 

The company has an extensive EV charging infrastructure: EZ Charge includes over 50,000 home chargers, 4370+ public and semi-public charging points, and 250 bus-charging points across 350 cities including multiple highways. The company aims to establish 25,000 charging points in the next five years, bolstering the national EV ecosystem and driving sustainable mobility growth. Zoomcar, has over 20,000 cars on its technology-driven platform across India, Indonesia, and Egypt.

The company provides end-to-end EV (electric vehicle) charging infrastructure solutions for the growing EV ecosystem in India, covering public and captive charging points. The company’s customized solutions include software subscription services, a mobile app, charger hardware, a power supply, and power backend infrastructure. Tata Power EZ Charge Mobile App facilitates locating EV charging stations in its EV charging network. Recently, in July 2023, the company, in its efforts to make the EV charging experience seamless, launched an RFID card that allows EV users to initiate charging by tapping the EZ CHARGE RFID card on the EZ charger at any location in the country.

Tata Power Company is India’s largest integrated power company.

Tata Power Share Price

434.60 7.15 (1.67%)
20-Apr-2026 11:30 View Price Chart
Peers
Company Name CMP
NTPC 399.55
Tata Power 434.60
Adani Power 204.90
Power Grid Corp 322.10
Torrent Power 1626.80
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