₹100 Crore Investment: ATEL's Bold Bet on EV Infrastructure

Adani TotalEnergies E-Mobility (ATEL), a subsidiary of Adani Total Gas, has invested over ₹100 crore in the past 18 months to install 3,400 electric vehicle (EV) charging points across India. As part of its nationwide expansion, ATEL aims to add 2,000 more charging points this year.

Out of the installed units, 2,338 are already operational, spanning 26 states and 230 cities. ATEL has quickly become a key player in India’s EV infrastructure, holding the top position as an Airport Charge Point Operator (CPO) with over 100 charging points across 21 airports.

In 2024, ATEL deployed an average of five EV chargers per day and achieved EBITA-positive status in its e-mobility segment. Its upcoming investment will support the commissioning of an additional 1,500 to 2,000 chargers, with a focus on strategic locations that cater to both B2B and B2C demand. Notably, its network sees stronger utilisation in the B2B segment.

Parent company Adani Total Gas reported capital expenditure of around ₹900 crore in FY25 and expects to maintain similar spending this year to drive growth across its clean energy initiatives.

News by Rahul Yelligetti.