Japanese Giant Panasonic Steals an Early Mover Advantage in the EV Charging Market in India

Panasonic’s Nymbus – India

Japanese electronics giant Panasonic has made early inroads in the high potential and huge growth EV charging market in India by rolling out a complete EV charging solution which includes sensors, hardware, software, analytics, etc. called Nymbus. This turnkey solution which is being targeted to all players in the Electric Vehicle market in India will not only allow the basic service of charging the vehicle with electricity but also allow optimization and increase in efficiency as all aspects of the battery will be tracked through telematic sensors by a centralized software system run by Panasonic.

This will continuously capture data using analytics and machine learning to optimize when and where the charging of the vehicle must be done. This service will be of maximum use for fleet vehicle owners such as e-commerce and logistics companies who need to track hundreds if not thousands of vehicles.

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Panasonic has partnered with SmartE (a shared electric mobility service) and Quick (Delhi’s electric scooter service), which are two-wheeler and three-wheeler EV service providers, to pilot its services in India.  The EV charging infrastructure market in India is expected to be a huge one with expectations that almost 10 million charging stations will be installed in India over the next 10-20 years. This means a huge investment in not only the hardware but also the backend software and services that will be required for the charging infrastructure to function. While a number of companies such as power utilities like NTPC, Tata Power and capital equipment companies like BHEL have entered the market, this is the first time that a major energy technology company is entering the market in a big way.