Switch Mobility Ltd celebrates one-year anniversary and achievement of key strategic milestones
Significant progress made in first year with 300 vehicles on the road, an order book for over 650 buses and a further 1200 buses in the pipeline
Chandigarh, May 12, 2022: Switch Mobility Ltd (‘Switch’), the next-generation net zero carbon electric bus and light commercial vehicle company, following its one-year anniversary on 8 April 2022, today provides an update on its progress over the last year.
Following Switch’s formation in April 2021, the company has grown significantly, delivering on key strategic milestones in support of its mission: to enrich lives through green mobility, delivering cleaner, smarter journeys that are accessible to all. Now with 300 vehicles on the road and a significant forward order bank, Switch continues to grow in line with its global strategy.
Andy Palmer, Vice Chairman and CEO of Switch Mobility Ltd, commented: “I am delighted with the progress we have made over the last 12 months. In a highly competitive sector, Switch has continued to grow, both in profile and in market share, and it is very pleasing that we are increasingly seen as a leading player in the industry. The investment interest we have garnered and the quality of partnerships we have formed are testament to that achievement. Our team of talented engineers have developed some of the most innovative vehicles and technologies currently available on the market, which continue to develop at pace. We have started 2022 well, building on last year’s momentum, and have an exciting 12 months ahead with the development of our site in Spain and further product launches, including our latest project at the European Mobility Expo in June, and electric LCVs in India.”
Mahesh Babu, Director & CEO – Switch Mobility India, COO – Switch Mobility Ltd, commented: “Our focus is to provide efficient, clean, safe and lowest total cost of ownership value proposition for our customers. In India, the exponential 10x increase in order book with 600 buses and almost 1200 in the pipeline is a testament of the trust built on our brand and our products. Switch EV buses in India have clocked over 7 million kms across the country, saving 4500 tonnes of CO2, with a significant uptime of over 97%. Our ability to bring value, along with our strong channel and service workforce, will certainly help us to establish Switch as a key player in India’’.