Date: September 1, 2026
Strategic Partnership Announcement
Energy In Motion Limited (EIM Ltd), an associate company of Ravindra Energy Limited, has entered into a strategic Memorandum of Understanding with Oil Field Warehouse & Services Limited (OWS Ltd) and Radiance Green Mobility Private Limited for deployment of 500 electric heavy commercial vehicles (e-HCVs) across key high density freight corridors in India.
Deployment Details
The partnership will focus on three major freight corridors: Mumbai–Pune, Mundra–Morbi–Ahmedabad, and Mumbai–Delhi. These are identified as cargo-traffic intensive corridors with significant commercial movement and strong potential for electrification. Immediate deployment will begin with 50 vehicles on the Mumbai-Pune corridor in October 2026, with scaling planned as EIM's battery swapping network is completed on the specified corridors.
Partnership Objectives
The collaboration aims to enable transition of freight operations from diesel vehicles to electric mobility, focusing on operational efficiency, lower emissions, improved energy-cost predictability, and enhanced fleet utilization. EIM Ltd will leverage its integrated electric mobility ecosystem comprising electric heavy vehicles, battery swapping, charging and energy infrastructure. OWS Ltd and Radiance Green Mobility Pvt Ltd will contribute their respective expertise to support commercial fleet deployment and operations.
Vehicle Specifications
EIM's flagship Ashwa 55-ton electric tractor is designed for high-utilisation freight operations, supported by a battery-swapping ecosystem that enables rapid turnaround. EIM has also strengthened its technology portfolio with the homologation of a 350-kWh battery version of its Ashwa electric tractor.
Management Comments
Mr. Narendra Murkumbi, Managing Director of EIM Ltd, stated that the partnership will deliver heavy electric freight movement at a cost significantly below diesel transport costs with benefits of sustainability and freedom from dependence on imported oil.
Mr Pankaj Surani, Managing Director, OWS Ltd, commented that this partnership aims to develop the first of its kind dedicated electrified freight corridors that are efficient, cost competitive, and sustainable.
Mr. Vineet Sharma, Director & CFO, OWS Ltd, added that electrification provides a more predictable cost structure not easily disrupted by global events, allowing long-term contracts with customers.
Mr Vitthal Wable, Director, Radiance Green Mobility Pvt Ltd, stated they aim to accelerate sustainable logistics at scale, building on the proven ICE fleet expertise of their parent company, Jyothi Transport & Freight Services.
Company Backgrounds
Energy In Motion Limited is a provider of integrated electric mobility solutions for long-haul freight transportation, deploying advanced heavy-duty electric trucks supported by battery-swapping and charging infrastructure.
Oil Field Warehouse & Services Limited pioneered SEZ-based warehousing in 2006 and has evolved into an integrated logistics and material-management company serving India's energy, port, and industrial sectors.
Radiance Green Mobility Private Limited is focused on accelerating electric mobility adoption in the heavy and industrial transport sector, working with ecosystem partners to enable transition to electric heavy commercial vehicles.
Additional Information
The announcement was digitally signed by Madhukar Rajendra Shipurkar, Company Secretary and Compliance Officer (Mem. No. A64947). The information is also available on the company website at www.ravindraenergy.com.