Visaka Industries Announces Forays into Multiple New Businesses Including EV Charging Stations
Hyderabad : Visaka Industries Limited ( VIL) , in its Annual General Meeting (AGM) held here on Tuesday announced entry into multiple new business segments including Forays into Electric Charging stations.
It also decided to enter a chain of retail stores offering sustainable and eco-friendly products; and, into turnkey building projects using sustainable building material, the company said in a release here.
These new segments will support their existing businesses by extending customer touch points and help in offering a holistic value proposition.
ATUMLife is Visaka’s chain of retail stores which will offer fully sustainable, eco-friendly, green products and is planning to open 10 ATMLife stores in major metros across India, the release said.
A one-stop-shop for sustainable products, ATUMLife will Vnext sustainable building material, ATUM solar roof, eco-friendly apparel made with sustainable yarn, organic detergents, sustainable consumables, electric vehicles and reusable kitchenware and cutlery.
ATUMCharge is a self-sustaining solar powered Electric Vehicle charging station, which will be set up across India, and elsewhere in the world, to support the movement to promote the use of electric vehicles.
The Company’s ATUM Solar Roof, with its clean and green power, will allow the entire electric vehicle charging proposition to move to 100 per cent solar whereas, currently, most EV charging stations use electricity produced by thermal power generation, completely defeating the purpose of moving to environment-friendly power.
ATUMCharge is also looking at partnering with other electric charging station providers who are either in the market or are expected to come in the near future.
In the first phase, the Company will set up 10 ATUMCharge EV Charging stations across major metros and these charging stations are designed that can be used by all EVs including electric cars, electric bikes and electric scooters.
Vnext Solutions is an extension to Visaka Industries Limited’s range of Vnext fibre cement boards which are a sustainable alternative to gypsum and plywood.
Vnext solutions aims at offering turnkey solutions for a wide range of building requirements ranging from pre-fabricated buildings to interior furniture requirements.
All the solutions offered aim at using only sustainable products, making this a one-of-its-kind offering in the entire building solutions industry.
Speaking about the launch of multiple business segments, VIL Joint Managing Director Vamsi Gaddam, said, “the new business areas – ATUMLife, ATUMCharge and Vnext Solutions – augment our existing businesses, but more importantly they define a viable roadmap for our future.
Our goal is to make Visaka Industries Limited a predominantly green company with products and services which are environment friendly and sustainable”.
It is to be noted that VIL has been working in the area of sustainability and has, through its various initiatives, saved over half-a-million trees, have helped in the reduction of over 100,000 tonnes of CO2, and Visaka’s Wonder Yarn, manufactured from sustainable yarn from PET bottles, has used 116 million PET bottles which would have otherwise piled up in dump yards and landfills.
Source: UNI
