Exicom, a leading electric vehicle charging and critical power solutions company, has launch its new ultra-scaling EV charging platform – TRI-FLEX.

The platform introduced through its US-based brand Tritium features distributed architecture, which allows to seamlessly scale from 4 to 64 charging points. This allows EV charge point operators to easily expand capacity, grow revenues without major changes to existing infrastructure.

It was in October 2024, Exicom acquired Tritium, a leading provider of DC fast charging solution. Exicom and Tritium have partnered to introduce advanced EV charging technology to India, with Tritium expanding its presence across more than 45 countries. The collaboration features the TRI-FLEX platform, which includes a power conversion system capable of scaling from 400 kW to 1.6 MW of AC power and up to 3.2 MW of DC power.

A single TRI-FLEX Hub can support up to 32 dispensers or 64 charge points, allowing configurations of 100 kW, 200 kW and 400 kW chargers in one system. The platform includes a 25-kW real-time load-balancing system, supports battery storage and renewable energy integration, and is built with an IP65-rated enclosure and liquid cooling to operate in temperatures from -35deg C to +55deg C. It is designed to scale with demand while reducing total cost of ownership by increasing charging density and avoiding utility infrastructure upgrades.

Anant Nahata, Managing Director and Chief Executive Officer, Exicom, said, “Global breakthroughs like TRI-FLEX provide a blueprint for world class and future-ready EV charging infrastructure. I am confident that this product will lend unprecedented scale and speed to EV charging in Tritium’s focus markets of US, Europe and Australia.  At the same time, this synergy with Tritium will enable us to create charging solutions that are tailored to India but built with the world’s best ideas”.

Arcady Sosinov, Chief Executive Officer, Tritium, said, “The launch of TRI-FLEX marks a significant paradigm shift in EV charging infrastructure. The TRI-FLEX platform is a fundamental reimagining of distributed charging architecture, designed to meet the speed of EV demand in the market.”

Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.

The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.

Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.

Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”

In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.

During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.

“With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.

OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.

In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.

He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.

Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”

Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”

The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.

The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.

As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.

Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.

The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.

Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."

Ashok Leyland’s electric vehicle brand Switch Mobility has flagged off 100 customised Switch IeV3 SCVs for waste management for the Indore Municipal Corporation. The company stated that the EVs will further reduce carbon emissions, lower noise pollution and improve operational efficiency, which will further strengthen Indore’s reputation as India’s cleanest city.

The vehicles handover ceremony saw participation by Kailash Vijayvargiya, Minister of Urban Development and Housing and Pushyamitra Bhargav, Mayor of Indore.

Mahesh Babu, CEO, Switch Mobility, said, "We are proud to partner with Indore in its inspiring journey towards a cleaner, greener future. Indore has consistently set an example for the entire nation by being ranked India’s cleanest city, and we are honoured to contribute to maintaining and elevating that standard. Through our Switch IeV3 vehicles and our proprietary Switch iON connected mobility platform, we aim to deliver intelligent, sustainable solutions that help cities thrive in a cleaner environment."