This is the first ever large-scale implementation of EV charging across gates communities which will enable RWAs to upgrade their charging infrastructure without any hassle as EV adoption picks up in India. Under this partnership, BOLT will be integrated within the MyGate App which will eliminate the need to install any other app and the RWAs will have the flexibility to choose from a wide range of EV charging options for community & private charging. The BOLT charging network is hardware agnostic and can be integrated with most charging solution providers in the country. Once BOLT is installed, RWAs can choose between private/public mode of operation for their charging stations and decide on the price depending on existing commercial/EV tariffs. They can also choose to recover the initial investment by charging a transaction fee from residents, based on their operational model.
Residents will be able to see available EV charging options within the MyGate app, book slots to charge their EVs and also pay as per usage. Residents will also have an option to request for the installation of a charging station in their private parking lots from the MyGate app, post the approval from their RWA. The BOLT OS comes pre-installed in many EV two wheelers and BOLT’s revolutionary vehicle to charger connectivity (V2C) will enable seamless fastag like EV charging experience for residents. Furthermore, BOLT’s Charger Management System comes in-built with advanced load balancing and dynamic tariff capabilities. As smart metering evolves in India, residents’ vehicles will be auto charged during off peak times when the tariff is low reducing the peak loads and saving costs for the residents & RWAs.
India’s EV market is growing rapidly, with around 2 million vehicles expected on the road by 2026. To meet their charging requirements, it is estimated that the country will need 400,000 stations and, as 80% of charging takes place at home, Resident Welfare Associations (RWAs) will soon be expected to provide the necessary infrastructure. MyGate, which commands a 82% market share in the community management space, recently conducted a survey in gated communities around EV Charging Infrastructure. According to the survey, more than 40% RWAs are looking to install EV charging solutions within the next 12 months and over 30% societies will do so in the next 1-3 years. Urban apartment and villa communities, with their high population densities and localised demand, are crucial locations for semi-public charging infrastructure. RWAs, thus, play an important role in filling this gap and improving the quality of life in our cities.
BOLT is the world’s largest Peer-to-Peer charging network, comprising the universal BOLT Charging Point and the BOLT Operating System. Developed with the objective of building a strong EV charging infrastructure, it is India’s first dedicated network of IOT-enabled EV charging points connecting riders across the country. Made-in-India, BOLT is a universal charging point which is compatible with any portable charger that comes with EVs and works with the existing AC power supply everywhere. Thousands of BOLT charging points have already been installed across 60 different cities in India with an installed capacity of over 3,600KW.
MyGate is India’s leading security and community management app that currently facilitates over 3 million check-ins every day at over 25000 gated communities across the 25+ cities in India. The company is working on technologies which benefit the residents, management and other stakeholders in gated communities. With many state governments instructing RWAs to provide EV charging facilities, MyGate and BOLT have also published a handbook for RWAs looking to implement EV charging infrastructure. This is to ensure faster EV adoption among residents and help societies adopt sustainable mobility solutions. The handbook can be downloaded here: https://mygate.com/blog/ev-charging-guide-for-rwas/
Jyotiranjan, Cofounder, REVOS
“We are excited to partner with MyGate to support the adoption of electric vehicles in India by providing fast, cost-effective, easy and simple charging infrastructure solutions for RWAs. Using BOLT, we hope to charge over One million vehicles in India in the next five years. With the increasing adoption of EVs in the country and the push from the Indian and state governments, we look forward to supporting RWAs and gated societies as they transition to an ecosystem where EVs are a part of everyday life.”
Abhishek Kumar, COO & Cofounder, MyGate
“We are happy to partner with REVOS to bring affordable and easy EV charging solutions to our customers. It is a future-first solution that will fast-track EV adoption at homes and gated societies. In the coming years, we envision EV charging to be the most used amenity among residents and our goal is to provide this service in every community we are present. BOLT’s features are safe, cost effective and easy to use. We are bullish that this partnership will help India towards its journey of being a cleaner and greener country.”
REVOS was founded in 2017 by Mohit Yadav and Jyotiranjan Harichandan with the aim of making electric vehicles more accessible, smart, safe, and connected. Its flagship product is BOLT, the World’s Largest Peer-to-Peer Charging Network, comprising the universal BOLT Charging Point and the BOLT Operating System. It is India’s first dedicated network of IOT-enabled EV charging points connecting riders across the country. The modular and customizable BOLT OS can be easily integrated into EVs. The start-up has raised $4.5 million in funding from Union Square Ventures & Prime Venture Partners, and has offices in Bangalore & Singapore.
Founded in 2016, MyGate is the largest community management app in the country, simplifying urban living for over 3.5 million homes in 25,000+ housing societies. It was ranked #4 on YourStory’s list of India’s Most Disruptive Start-ups in December 2019 and one of India’s coolest start-ups by Business Today in 2019. MyGate was founded by Vijay Arisetty, an ex- IAF pilot (Shaurya Chakra awardee), Abhishek K, former VP at Goldman Sachs, and Shreyans Daga, former project head at Oracle and Digit. For more information, please see https://mygate.com/.
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