SBI Wants To Dominate Payments In EV Charging Space; Hires Consultants To Explore Opportunities!

SBI has roped in a consultant to explore the business potential of digital payments in EV charging space.

Design Roadmap, Explore Market Potential

The consultant will study the existing transport landscape and design a roadmap with milestones and timelines to push digital payments for EV charging.

They will also identify opportunities and barriers when it comes to building an e-mobility ecosystem.

The state lender’s move is aimed at exploring and foreseeing the market potential for digital payments in EV charging space across the globe.

It will also develop a strategic roadmap for EV charging payments solutions for various modes of transport and allied infrastructure including identification of vendors/dealers in the value chain.

Identify Stakeholders

The consultant will also have to identify potential initiatives and areas of work to undertake through the capacity building programme.

Also to be identified will be the necessary stakeholders and partnerships to execute the initiatives.

SBI will ask the consultant to provide suggestions on the next steps and areas for support through investments and capacity building by development partners.

Bidder Requirements/ Eligibility

The eligible bidder must be an Indian company/ LLP /partnership firm registered under applicable Act in India.

They should have a minimum experience of 10 years in providing consulting services for payments’ systems, 8 years in power distribution, 5 years in e-mobility and 8 years experience in institutional/strategy strengthening.

They should also be a profitable organisation on the basis of profit before tax for at least two years out of the last three financial years.

An average turnover of minimum Rs 5 crore during last three financial years i.e. FY 2018-19, FY 2019-20 and FY 2020-21 is a must.

Last date for submitting the bid is May 10, 2022.

The consultant has to complete the work in a maximum of four months.

Current EV Ecosystem

The latest government data shows that till mid-March 10,60,707 electric vehicles are registered in India.

1,742 public charging stations (PCS) are operational in the country.

Road Transport Minister Nitin Gadkari said that EV charging stations will be set up by the developer on national highways as part of the wayside amenities (WSAs).