Un accord d' investissement a été conclu entre Gulf Oil International Ltd (Gulf), part of the Hinduja Group, and the Clean Growth Fund (CGF) to support Indra Renewable Technologies Ltd.

Indra Renewable Technologies Ltd is a fast-growing electric vehicle (EV) and smart energy technology company. It develops innovative charging and energy storage solutions for domestic and commercial use. CGF and Gulf will become Indra shareholders, alongside OVO Group, which has provided seed capital and technical support to Indra through Kaluza, its technology company. According to Mike Schooling, founder of Indra and chief technology officer, “Indra focuses on technology and uses it to support the migration to carbon neutrality. Thanks to the early investment from OVO Group and now the investment from the Clean Growth Fund and Gulf, we are in a strong position to take full advantage of the growth of the EV market and the emergence of V2G solutions in the UK and around the world.”

Gulf, traditionally known as a downstream oil company, is now actively entering the electric mobility and electric vehicle sector. The investment in Indra is a launching pad for Gulf in the electric mobility sector, with a view to accelerating investments and partnerships in this area in the near future