SBI hires consultants to explore business potential in EV charging space

Business

The consultant must also identify potential initiatives and areas of work that can be undertaken as part of a capacity-building program

The consultant must also identify potential initiatives and areas of work that can be undertaken as part of a capacity-building program

Amid the government’s push towards electric vehicles (EVs), the country’s largest lender, SBI, has decided to hire a consultant to explore the business potential of digital payments in the EV charging space.

According to the RFP document, which solicits bids from potential candidates, SBI said the consultant needs to examine the existing transportation landscape and design a roadmap with detailed milestones and timelines to drive digital payments for EV charging across different modes of transportation, by identifying opportunities and obstacles to build an e-mobility ecosystem.

SBI said the consultant will be tasked with exploring and forecasting the market potential for EV charging digital payments around the world, as well as developing a strategic roadmap for EV charging payment solutions for different modes of transport and associated infrastructure, including identification from providers. traders in the value chain.

Among other things, the consultant must also identify potential initiatives and areas of work to be implemented under the capacity-building program and the required stakeholders and partnerships to implement the initiatives.

Also, there must be “recommendations on next steps and areas for support through investment and capacity building by development partners,” SBI said in the Proposal Submission Document (RFP).

SBI said that the eligible bidder must be an Indian corporation/LLP/partnership incorporated under the applicable law in India.

Of the other requirements, it should have at least 10 years of experience in providing consulting services for payment systems, 8 years in power distribution, 5 years in electromobility and 8 years of institution/strategy strengthening experience.

In addition, the state-owned lender said the bidder should have been a profitable organization based on pre-tax profit for at least two years of the past three fiscal years.

“The bidder must have an average turnover of at least £5 million over the last three financial years, ie FY2018-19, FY2019-20 and FY2020-21,” the bid document reads.

The closing date for the bid is May 10th and the consultant has been asked to complete the work in a maximum of four months.

According to the latest government data, a total of 10,60,707 electric vehicles are registered in India as of mid-March. Up to 1,742 public charging stations (PCS) are in operation in the country.

Minister of Transport Nitin Gadkari said last month that the developer should provide EV charging stations on national highways as part of Wayside Amenities (WSAs).

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