ChargeUP & Lanka IOC Partner to Expand National EV Network 📈

• Strategic Partnership: ChargeUP (LOLC Group) has been named the exclusive Electric Vehicle (EV) charging partner for Lanka IOC (LIOC), leveraging LIOC's island-wide fuel station network to establish a comprehensive charging ecosystem. • Infrastructure Rollout: The initiative involves installing advanced charging stations across key transport routes and LIOC outlets. The network will feature a mix of fast and slow chargers provided by Qingdao TELD New Energy Technology, a global leader in EV solutions. • Sustainability & Innovation: • Renewable Energy: Plans include solar-powered microgrid solutions that can operate independently of the national grid. • Grid Management: Introduction of time-of-use tariffs to optimize electricity consumption and minimize peak-period strain. • Economic Context: This move signals a significant shift in the energy and transportation sectors, as major players diversify away from fossil fuels. It aims to reduce "range anxiety," supporting the growth of the automotive market and promoting long-term sustainability in Sri Lanka’s mobility landscape.