Gulf Oil India to acquire 26% in e-mobility solutions firm Techperspect Software

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Biznextindia : Gulf Oil India on Thursday announced that it’ll acquire 26% equity shares of Techperspect Software Pvt Ltd ( ElectreeFi ) a leading E Mobility Solutions ( SaaS) company in India for an undisclosed amount.

This strategic investment and partnership is the second move by Gulf Oil in the EV Mobility value chain after the company invested in the UK based Indra Renewables in 2021 which manufactures smart chargers for the car segment.

Techperspect, well known for its Brand ElectreeFi, are primarily a SaaS provider having expertise in implementation of IoT based eMobility Solutions. They have created IoT based eMobility Technology Platforms that has various components and offerings both for businesses and end customers in the Electric Vehicle (EV) domain in association with the leading stake holders in the Indian industry including OEM’s, EV charging networks and EV battery related companies.

As a strategic investment this partnership will ensure that Gulf Oil and ElectreeFi can work together to develop solutions leveraging their strengths and play a future role in the fast-changing eMobility space for two and three wheelers and cars to start with.

Through this investment, Gulf Oil India intends to utilize its Pan India touchpoints as well as relationship with Automotive OEMs and Industrial Customers to leverage this alliance to providing superior solutions related to Electric Vehicle Charging, EV Fleet Management and Battery Swapping.

“We are delighted to partner with ElectreeFi. The EMobility industry in India is going through a transformational phase and we are confident that Gulf, with its strong Brand image and vast distribution strength will play an enabling role in this electrification journey in the Automotive Industry. Software is an integral and critical component of the electric mobility revolution and we intend to utilize our Pan India touchpoints as well as relationship with Automotive OEMs and Industrial Customers to leverage this alliance to providing superior solutions related to Electric Vehicle Charging, EV Fleet Management and Battery Swapping” Ravi Chawla, MD & CEO, Gulf Oil Lubricants India Ltd said.

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