Mindspace Business Parks REIT launches Electric Shuttle Service at Mindspace Madhapur

May 24, 2024
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Mumbai, May 24, 2024: Mindspace Business Parks REIT (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio located in four key office markets of India, launches the Electric Shuttle Service, at its Mindspace Madhapur Business Park (Hyderabad), as part of its ESG initiatives. The service targets saving 4500kg of CO2 equivalent emissions annually, along with 5500 litres saving of diesel per year. This supports the REIT's larger commitment under Climate Group's EV100 initiative to transition to 100% electric mobility by 2030. This new Electric Shuttle Service marks the pilot project, to be further implemented across the entity’s Business Parks, and is a significant step towards eco-friendly commuting within the campus. 

Mindspace Madhapur offers a fleet of four electric carts, each accommodating up to 14 passengers, catering to the commuting needs of tenants within the Business Park. To support the Electric Shuttle Service, Mindspace REIT has implemented a robust charging infrastructure within the campus premises. Each electric cart can be fully charged in 6 hours, offering a range of 60-70 km on a single charge, ensuring efficient, economical, sustainable and hassle-free operations. 

The entity said in a statement, "This is part of our larger goal to shape a carbon-neutral ecosystem, where electric mobility is the norm. With this, we want to inspire a change in culture, and encourage our people, tenants and partners, to embrace sustainability."

The adoption of Electric Vehicles (EVs) holds immense promise in mitigating the adverse impact of traditional transportation on the environment. By embracing EVs as the primary mode of transport, Mindspace Business Parks REIT demonstrates its dedication to reducing carbon emissions and fostering a greener future. The entity's focus on sustainability extends beyond this initiative, as it continues to explore and implement innovative solutions to reduce its environmental footprint. 

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