The shares of Exicom Tele-Systems Limited closed at ₹250.09 up by ₹11.90 or 5 per cent and those of Mufin Green Finance Limited closed at ₹104.55 up by ₹0.34 or 0.33 per cent on the NSE today.

India’s largest EV charging manufacturer Exicom has partnered with Mufin Green Infra Limited through a memorandum of understanding (MOU) to develop end-to-end EV charging solutions across India, the companies announced on January 7, 2025.

Under the agreement, Exicom will manufacture and supply EV charging hardware equipped with its proprietary software, while Mufin Green Infra will handle the installation and operation of charging stations. The partnership will target charge point operators, bus operators, state utilities, and other end-users.

The collaboration aims to create bundled solutions combining charging hardware, infrastructure, software, and operations. These solutions will be designed to meet the requirements of various stakeholders while maintaining commercial viability.

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Exicom, which has installed over 70,000 chargers across India, Southeast Asia, Europe, and the Middle East, will provide technical support, maintenance service, and warranty coverage. Mufin Green Infra, a subsidiary of Mufin Green Finance, brings expertise in turnkey project solutions and has executed more than 30 EPC contracts across India, particularly for EV bus charging infrastructure.

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Both companies will leverage their existing customer base and engage in joint marketing efforts to promote their combined solutions, focusing on expanding the accessibility of EV charging infrastructure in India.