Exicom Shares Hit Upper Circuit After Partnership Partners With Mufin Green Infra

In a significant development aimed at boosting electric vehicle (EV) adoption, Exicom, India’s largest EV charging solutions provider, has joined hands with Mufin Green Infra Limited. The collaboration focuses on creating robust EV charging infrastructure to address India’s growing demand for sustainable transportation.

Key Highlights of the Partnership.

• Target Audience: The solutions cater to Charge Point Operators, bus operators, state utilities, and fleet owners.
• Integrated Solutions: The partnership aims to bundle hardware, software, and operational support for seamless implementation.

Exicom’s Role: Manufacturing and Technology Support

Exicom will manufacture and supply cutting-edge EV chargers equipped with proprietary software designed for efficiency and future-ready specifications. It will also provide:

• Technical Assistance: Maintenance, warranty coverage, and digital solutions for easy management.
• Scalability: Solutions aligned with industry standards to support large-scale EV adoption.

Mufin Green Infra’s Contribution: Installation and Operations

Mufin Green Infra Limited will focus on installing and operating EV charging stations, particularly targeting buses and fleet operators. Its expertise in engineering, procurement, and construction (EPC) ensures:

• Turnkey Solutions: Comprehensive services covering design, installation, and maintenance.
• Compliance and Safety: Adherence to environmental and regulatory standards.

Why Does This Partnership Matter?

This partnership comes at a time when India is pushing for widespread EV adoption under its clean energy initiatives. With Exicom’s manufacturing capabilities and Mufin Green Infra’s EPC expertise, the collaboration addresses infrastructure gaps, ensuring smoother EV transitions.

Share Price Hits Upper Circuit 

Reflecting investor confidence, Exicom’s share price hit the upper circuit limit of 5% as of 9:55 AM on January 8, 2025, following the announcement. 

About Exicom

Exicom is a pioneer in EV charging and critical power solutions with operations spanning India, Southeast Asia, Europe, and the Middle East. With over 70,000 chargers installed, it plays a crucial role in enabling clean transportation worldwide.

About Mufin Green Infra Limited

A subsidiary of a listed company, Mufin Green Infra specialises in turnkey EV charging infrastructure projects. With over 30 EPC contracts executed across India, it is well-known for addressing industry challenges through innovative engineering solutions.

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