Olectra and EVEY Secure Multi-Million Dollar Contract with BEST for Electric Bus

In a bid to uphold fairness and transparency in all dealings, the transaction between Olectra and EVEY will be conducted at an "arm's length" basis.

Electric buses will be purchased from Olectra.

In a groundbreaking development for sustainable transportation in Mumbai, the consortium of Olectra Green Tech Limited (Olectra) and Evey Trans Private Limited (EVEY) has secured a significant contract with Brihan Mumbai Electric Supply & Transport Undertaking (BEST).

The consortium has been awarded a Letter of Award (LOA) for the supply, operation, and maintenance of 2,400 electric buses on a Gross Cost Contract (GCC) / OPEX model basis for 12 years. This historic agreement is valued at approximately Rs 4,000 crore for Olectra, marking a significant advancement towards eco-friendly mobility solutions in the region.

Key Highlights of the Contract

Under the terms of the contract, EVEY will assume responsibility for the supply, operation, and maintenance of the 2,400 e-buses, in collaboration with Olectra.

The electric buses will be procured from Olectra and delivered within 18 months adhering to strict execution timelines.

Olectra will oversee the maintenance of the electric buses throughout the 12-year contract, ensuring optimal performance and longevity.

Partnership and Letter of Award

The electric bus manufacturer revealed that a consortium comprising Olectra Greentech and Evey Trans (EVEY) has been awarded a Letter of Award (LoA) by BEST for the aforementioned project. Under this agreement, the consortium will be in charge of the procurement, operation, and maintenance of the electric buses for 12 years.

A Milestone for Sustainable Mobility

This momentous contract underscores Olectra's steadfast commitment to spearheading sustainable and eco-friendly transportation solutions across India. By leveraging cutting-edge electric vehicle technology, Olectra and EVEY aim to revolutionize the public transportation landscape in Mumbai, setting a new benchmark for environmental stewardship and urban mobility.

In a bid to uphold fairness and transparency in all dealings, the transaction between Olectra and EVEY will be conducted at an "arm's length" basis, reaffirming the integrity of the partnership and the procurement process.

Execution Timeline and Deliverables

The execution timeline for the contract is set at 18 months, during which the consortium endeavours to deliver the entire fleet of 2,400 electric buses to BEST, ensuring prompt deployment and seamless integration into the city's transportation network.

Also Read: JBM’s 300 ECOLIFE Electric Buses Rolled Out in New Delhi

About Olectra Green Tech Limited

Olectra Green Tech Limited is a leading player in the field of electric mobility solutions, dedicated to driving innovation and sustainability in the transportation sector. With a focus on delivering cutting-edge electric vehicles and infrastructure, Olectra is at the forefront of India's transition towards cleaner and greener transportation alternatives.

About Evey Trans Private Limited

Evey Trans Private Limited, a subsidiary of MEIL (Megha Engineering and Infrastructures Limited), emerged in 2018 as a pioneering force in zero-emission public transport services across India. With a steadfast commitment to sustainability, safety, and efficiency, Evey Trans boasts the most extensive fleet of sustainable electric buses nationwide.

Operating in key cities such as Ahmedabad, Mumbai, Hyderabad, and Bangalore, among others, the company has spearheaded the transition towards emission-free transportation. Introducing innovative services like the inter-city super-luxury electric bus service connecting major hubs like Pune and Mumbai, Evey Trans prioritizes passenger comfort, convenience, and environmental stewardship.

The award of the contract for the supply, operation and maintenance of 2,400 electric buses marks an important milestone in Mumbai's journey towards sustainable urban mobility. Under the leadership of Olectra and EVE, the city is set to embrace a cleaner, greener future, setting a precedent for eco-conscious transportation solutions across the country.