As part of the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Ltd.

This step follows the recent announcement of sourcing clean energy from Hinduja Renewables for its operations. Together, this will help the company further reduce its carbon footprint.