Hyderabad based startup bud-e takes lead as Telangana Govt. announces Electric Vehicle and Energy Storage Policy 2020-2030
Telangana State Govt announced it’s EV Policy with a focus on making the state a hub for Electric Vehicles and Energy Storage systems. Bud-e, an electric vehicle startup has announced that it is entering into the EV Segment with a promise to provide EV rental service that is affordable, hassle free and connects the commuters’ first and last mile connectivity.
Telangana State Govt announced it’s EV Policy with a focus on making the state a hub for Electric Vehicles and Energy Storage systems. Bud-e, an electric vehicle startup has announced that it is entering into the EV Segment with a promise to provide EV rental service that is affordable, hassle free and connects the commuters’ first and last mile connectivity.
At the launch, bud-e founding members Vijay Madduri, Kedar Selgamshetty and Vamsi Karumanchi have delivered the company’s operation plan and vision statement was also launched at the Telangana EV Summit on Oct 30 , 2020 at Hyderabad, adding under its pay- per- use model, a user can just pay for using the EV only for the distance travelled.
Speaking about the policy, Shri KT Rama Rao, minister for Urban Development, Telangana, conveyed the govt’s action plan and initiative for the EV Segment. He also mentioned that with the advent of clean technology and high-density energy storage solutions, a shift to cleaner transportation is inevitable and Electric Vehicles are no doubt the future of mobility. The State of Telangana, being a pioneer in adopting Sustainability, aims to spearhead the Electric Vehicle revolution in the country. Actor Vijay Deverakonda was also present at the event and announced his partnering with bud-e.