A partnership with ARC Electric, a company that offers electric taxi services exclusively to the corporate sector, has been announced by Invest India, the national investment promotion and facilitation agency under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, as part of an effort to promote sustainable mobility.
With the help of this partnership and committed financing, ARC Electric will be able to expand into important Tier 1 and Tier 2 cities, grow its business, construct infrastructure, and offer electric mobility solutions to the corporate sector in India.
With the goal of deploying more than 5,000 electric vehicles in the next 18 to 24 months, ARC Electric intends to enter the centres of corporate and tech giants in Hyderabad and Bangalore.
Kuldeep Singla, Senior Manager at Invest India, stated, “Invest India is dedicated to supporting next-generation businesses that are building for the future — sustainably, inclusively, and at scale.” “The Government of India’s vision for clean transportation and green infrastructure is perfectly aligned with ARC Electric’s mission to revolutionise corporate mobility through EVs.”
“This collaboration with Invest India represents a significant turning point in our path,” stated ARC Electric founder and CEO Abhinav Kalia. “With the government’s backing and our steadfast dedication to sustainability, we have the potential to revolutionise the way India’s top companies view mobility.” In addition to offering mobility, we want to lead the way in a green movement in corporate parks and boardrooms.