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Launch · Mobility & Logistics

Chartered Speed expands electric bus fleet in Rajasthan

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Chartered Speed Limited logo
Date
Company
Chartered Speed Limited
What it does
Intercity and intra-city bus operator
Kind
Launch
Stage
growth
Based in
Ahmedabad
Founded
2010
Sector
Mobility & Logistics

What they do

Chartered Speed provides public, school, staff, and intercity transportation services across six Indian states

What happened

The company deployed 71 electric buses across eight Rajasthan cities under the government PM e-Bus Sewa scheme

Why it matters

This expansion increases the company's nationwide electric vehicle fleet share from 10 percent to 25 percent

The details

  • Chartered Speed Limited launched 71 electric buses across eight cities in Rajasthan.
  • The deployment falls under the PM e-Bus Sewa government scheme for urban transit.
  • Operations cover Jaipur, Jodhpur, Kota, Bikaner, Ajmer, Udaipur, Bhilwara, and Alwar.
  • A 22 MW charging backbone was established to support these new electric operations.
  • The company expects this expansion to generate over 1,500 skilled jobs in technical and operational roles.
  • Chartered Speed is the first operator to provide electric bus coverage across all eight primary urban nodes in the state.

The bigger picture

  • The company aims to increase its electric vehicle fleet share from 10 percent to 25 percent nationwide.
  • Management believes capital-efficient models help de-risk infrastructure and optimize municipal transit.
  • The firm has a broader goal to operate over 900 electric buses across 13 cities under the national scheme.

About the business

  • The company operates more than 2,000 buses across six Indian states.
  • It serves over 3.5 lakh passengers daily through various mobility segments.
  • Services include public transport, school bus operations, staff transport, and intercity shuttle services.
  • The firm has secured an order for more than 800 buses specifically for Rajasthan.
  • It maintains partnerships with manufacturers like EKA Mobility to scale its electric fleet.
  • The company has an existing memorandum of understanding with GIFT City to accelerate EV adoption.

What happens next

  • The company plans to operate over 900 electric buses across 13 cities under the PM e-Bus Sewa scheme.

The deal

Type
launch

Founders

  • Sanyam Gandhi, Whole-Time Director
  • Pankaj Gandhi, Founder

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