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Minda picks up 26% in charging solution startup EVQPOINT via subsidiary

Deal will allow Spark Minda to capitalise on the shift to electric mobility and bolster its position as a one-stop shop for comprehensive charging solutions for EVs

Minda picks up 26% in charging solution startup EVQPOINT via subsidiary
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BS Reporter Mumbai
Minda Corp has entered into a definitive agreement for acquiring 26 per cent equity stake in charging solutions startup EVQPOINT Solutions. The investment will be done through the company's wholly owned subsidiary Spark Minda Green MobilitySolutions and will make the subsidiary EVQPOINT’s exclusive technology and manufacturing partner for battery chargers and EVsupply equipment.

This strategic partnership will allow Spark Minda to capitalise on the accelerating shift to electric mobility and further bolster its position as a one-stop shop for comprehensive charging solutions for EVs including fast charging feature, the company said in a statement.

“SparkMinda Group has been investing in new technologies

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