by Suman Gupta
- Devndra Chawla has held leadership positions with Spencers Retail, Walmart India, Future Group, Coca Cola and Asian Paints
- Has over 26 years of experience and is a gold medalist engineer, University rank holder, holds an MBA and alumnus of Harvard Business School AMP program
Mumbai: January 2023: GreenCell Mobility (GreenCell), a leading pan-India shared electric mobility player, has announced that Devndra Chawla has been appointed as the new CEO of the company. Mr. Chawla will lead the companys objective of being the prime mover in building a sustainable growth momentum in the shared e-mobility space. He will report to the board of GreenCell.
Devndra Chawla, who has a rich and varied experience of 26+ years, was until recently the MD & CEO of Spencers Retail and Natures Basket. Prior to that, he was associated with Walmart India as EVP & COO and was CEO of the Future Consumer Limited (FCL) and Group President – Food, FMCG, Brands Future Group. He also served as the CEO – Food and Business Head for private brands (Future Group). Previously with Coca Cola, he led various roles including Area Operations Director, Director – Customer Service / Route to Market. He has also had a stint at Asian Paints as Regional – Branch Manager.
Commenting on the appointment, Mr Dhanpal Jhaveri, Vice Chairman – Everstone Group and CEO – Eversource Capital said, “We are excited to welcome Devndra to the GreenCell team, having successfully led many customer centric businesses to grow GreenCell into Indias leading green surface transport company.”
Mr Devndra Chawla, CEO, GreenCell Mobility said, “I am extremely thrilled with the opportunity to lead GreenCell that is revolutionizing the future of e-mobility in India. I feel privileged to scale the companys growth to next phase which has established its base in business and is now ready to accelerate its businesses in green surface transport.”
Devndra Chawla did his Bachelor of Engineering in Production from Pune University. He holds an MBA degree from Symbiosis Institute of Business Management, Pune, and is an alumnus of the Harvard Business School via its Advance Management Program. He has been a mentor to many start-ups and a keen observer of consumer behavior. He has been a part of different committees of CII & FICCI for many years. He takes keen interest in the development of start-up ecosystem and in his spare time also teaches at Management Institutes.
GreenCell Mobility is Indias leading e-Mobility company backed by Eversource, the investment manager to Indias largest climate fund Green Growth Equity Fund (GGEF). GreenCell is implementing ~1,500 e-buses in the states of Maharashtra, Gujarat, Uttar Pradesh, Karnataka, Rajasthan, Uttarakhand, New Delhi, and Madhya Pradesh of which more than 700 E-buses are operational across 23 cities.
About GreenCell Mobility Pvt. Ltd:GreenCell Mobility (GreenCell), promoted by Eversource Capital, the investment manager of Indias pioneering climate impact fun, has been set up to become a leading pan-India shared electric mobility player by leveraging proven global experience, developments in e-mobility technology, and the Government of Indias strong push for electrification of transportation in India.
Eversource Capital is an equal joint venture between Everstone Group, one of Asias premier investment groups with assets in excess of US$7 billion across private equity, real estate, credit, climate impact investments and green infrastructure and venture capital; and Lightsource bp, a global leader in development and management of solar energy projects.
GreenCell is building a platform to provide Electric Mobility-as-a-Service (eMaaS), initially using electric buses and delivering the core value proposition of cheaper non-polluting on-demand shared transportation, charging infrastructure, and enabling products for the e-mobility value chain. For more information, visithttp://www.greencellmobility.com
About Eversource Capital: Eversource (http://www.eversourcecapital.com), Indias leading climate impact investor, is an equal joint venture between Everstone Group (http://www.everstonegroup.com), one of Asias premier investments manager with assets in excess of US$7 billion across private equity, sustainability and climate change, logistics, digital and venture capital.; and Lightsource bp, a global leader in development and management of solar energy projects.
Eversource manages Indias largest climate impact fund with anchor investments from Indias National Investment & Infrastructure Fund and UK Governments Foreign, Commonwealth & Development Office (FCDO)
