EV charging giants Exicom, Mufin Green join forces to expand India’s charging network
The shares of Exicom Tele-Systems Limited closed at ₹250.09 up by ₹11.90 or 5 per cent and those of Mufin Green Finance Limited closed at ₹104.55 up by ₹0.34 or 0.33 per cent on the NSE today.
India’s largest EV charging manufacturer Exicom has partnered with Mufin Green Infra Limited through a memorandum of understanding (MOU) to develop end-to-end EV charging solutions across India, the companies announced on January 7, 2025.
Under the agreement, Exicom will manufacture and supply EV charging hardware equipped with its proprietary software, while Mufin Green Infra will handle the installation and operation of charging stations. The partnership will target charge point operators, bus operators, state utilities, and other end-users.
The collaboration aims to create bundled solutions combining charging hardware, infrastructure, software, and operations. These solutions will be designed to meet the requirements of various stakeholders while maintaining commercial viability.
Anshuman Divyanshu, CEO of Exicom Tele-Systems said on the partnership, “In partnership with Mufin Green Infra, we will provide bundled solutions that include charging hardware, supporting infrastructure, software, and operations, tailored to the needs of charge point operators, fleet operators, bus operators, state utilities, and government entities, ensuring commercial viability and supporting the growth of EV infrastructure.”
Kamlesh Kaushik, Co-Founder and CEO of Mufin Green Infra Limited stated, “These bundled offerings are tailored to meet the needs of Charge Point Operators, fleet operators, government bodies, and other stakeholders, ensuring both feasibility and scalability. By combining our market presence and relationships, this collaboration will help expand EV infrastructure across India and drive further growth in the sector.”
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Exicom, which has installed over 70,000 chargers across India, Southeast Asia, Europe, and the Middle East, will provide technical support, maintenance service, and warranty coverage. Mufin Green Infra, a subsidiary of Mufin Green Finance, brings expertise in turnkey project solutions and has executed more than 30 EPC contracts across India, particularly for EV bus charging infrastructure.
Both companies will leverage their existing customer base and engage in joint marketing efforts to promote their combined solutions, focusing on expanding the accessibility of EV charging infrastructure in India.
