Energy In Motion Limited (EIM), an associate company of Ravindra Energy Limited, has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL) to set up and operate fast-charging and battery-swapping infrastructure for electric heavy commercial vehicles at select HPCL retail outlets across the country, Ravindra Energy said in a regulatory filing.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. HPCL operates a network of more than 25,000 retail outlets nationwide, including along major highways and expressways, the filing said.
Under the agreement, EIM will roll out the infrastructure in a phased manner, with swap-and-charge hubs planned along key freight corridors, including Mumbai-Pune, Delhi-Jaipur and Chennai-Bangalore, over the next 18 to 24 months, before expanding further. The stations will be integrated with EIM’s technology platform for real-time availability tracking, digital payments and remote monitoring, according to the announcement.
Under the partnership structure, EIM will own and manage the battery inventory and swap-and-charge hardware, while HPCL will provide the space, utilities and common amenities at its outlets. Battery swapping will allow drivers of eligible commercial vehicles to exchange a depleted battery for a charged one within seven minutes, the company said, adding that this would reduce vehicle downtime and improve daily utilisation for fleet operators running long-distance routes.
Narendra Murkumbi, Managing Director of EIM, said charging infrastructure succeeded or failed on reliability, and that the HPCL partnership would let the company place charging and swapping facilities at sites drivers already used, with power, space, amenities, safety systems and round-the-clock staff. Combining EIM’s battery and fleet expertise with HPCL’s retail network would help build dependable hubs on India’s freight corridors “at the pace the transition demands,” he said.
EIM provides integrated electric mobility solutions for long-haul freight transportation, the filing said. Its first electric heavy vehicle, the 55-tonne Ashwa e-tractor, was launched on August 1, 2025. The company has already commissioned six heavy-duty swap stations in the Delhi-NCR region and the Jawaharlal Nehru Port Authority (JNPA) area, with a combined daily capacity of 840 battery swaps, and is targeting 40 operational heavy commercial vehicle swap-cum-charging stations by the end of March 2027.
Ravindra Energy Limited, the parent company, is listed on the BSE (Scrip Code: 504341) and the NSE (Symbol: RELTD).
