KPIT's electrification technology 'REVOLO' wins Promising Transport Innovation Award at prestigious International Transport Forum 2016

TECHNOLOGY

Felicitated for its innovation that also converts diesel buses into electric

by Shrutee K/DNS

Pune, 20 May, 2016:KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company, was recognized with the 'Promising Transport Innovation Award' at the International Transport Forum (ITF) 2016 Summit in Leipzig, Germany. It won the award for its technology 'REVOLO' that enables clean urban mobility.

The ITF Promising Transport Innovation Award recognizes innovations that have the potential to significantly improve the quality, performance, user experience, accessibility, sustainability or inter-modality of the transport. It is instituted by ITF, an inter-governmental organization which acts as a think tank for transport policy with 57 member nations. ITF is administratively integrated entity of the Organization for Economic Co-operation and Development (OECD), a unique forum where the governments of 34 countries with market economies work with each other, as well as with more than 70 non-member economies to promote economic growth, prosperity, and sustainable development.

On receiving this award,Kishor Patil,Co-founder, MD & CEO, KPIT said: “We are honoured to receive this recognition from the International Transport Forum. It firmly establishes our commitment to create sustainable technologies that have a positive impact on our environment and are socially inclusive as well. Our smart electric system for buses is a pollution-free and affordable solution which can be deployed at a very large scale.”

REVOLO is a versatile system, designed to work across different bus formats. The key components of the system are lithium ion batteries, electric motors, a power transmission unit and smart electronic control units. The Smart Electric buses have multiple features likeIntelligent Transport Systems, Mobile Phone App for journey planning and ticketing, Wifi Infotainment etc. which provide a superior ride experience that can help encourage adoption of public transport. KPIT is currently working with multiple bus manufacturers / partners in India, South East Asia, Africa and South America to bring this technology to market.

KPIT’s first electric bus with REVOLO was flagged off by the Indian Prime Minister Shri Narendra Modi in December 2015. Two such buses are currently operating at the Indian Parliament for its members to experience green and intelligent technology. The award ceremony took place at ITF 2016, in the presence of ministers from 57 member countries of the ITF. The theme of the event was ‘Green and Inclusive Transport.’The award was presented to Mr Kishor Patil by Mr KL Thapar, Founder and Chairman, Asian Institute of Transport Development and José Viegas, ITF Secretary-General.

About KPIT Technologies Ltd. :Headquartered in India, KPIT (BSE:532400, NSE: KPIT) is a global technology company focused on providing technology solutions and expertise to Automotive & Transportation Companies, Government bodies, Energy & Utility companies and City authorities. With revenues of over USD 490 million, KPIT has been recognized as one of the fastest growing companies by leading analysts and consulting companies. KPIT has been extensively working in the area of alternative fuel technology, having filed 20+ global patents for hybrid, electric and battery management systems. Providing Engineering & Software expertise to marquee global customers over two decades, KPIT has developed robust, Indigenous solutions to make Indian cities cleaner, safer & smarter and operations of city/transport/utility authorities more efficient.