Joint Venture between Enel X Srl and Sterling and Wilson Private Limited for setting up EV Charging Stations in India

J. Sagar Associates (JSA) assisted and advised Enel X Srl (Enel) in the proposed joint venture with Sterling and Wilson Private Limited (a Shapoorji Pallonji group company) (SWPL).

Enel is engaged in the business of developing, promoting and selling innovative products and services including electric mobility charging infrastructure, network management applications, energy services through electric vehicles and commercial charging services in the e-mobility sector. SWPL is engaged in the business of providing specialised EPC solutions to the energy sector in India as well as globally for solar, wind, hybrid energy, e-mobility solutions, battery storage segments.

Enel and SWPL have executed a joint venture agreement to set up a 50-50 joint venture company in India. With this joint venture, Enel and SWPL will launch and create electric vehicle charging infrastructure in the Indian sub-continent and provide products and software platforms. As part of the joint venture, Enel (through its affiliates) will license the necessary intellectual property for the business ad SWPL will provide operation and maintenance services to the joint venture company.

The transaction’s Lead Partner – Sidharrth Shankar, & his team comprised – Prakriti Jaiswal and Hema Priyadarshini Patnaik.