Exicom Tele-Systems, a key player in EV charging and critical power solutions, surged to its 5% upper circuit at ₹250 on Wednesday following the announcement of a strategic partnership. The company inked a Memorandum of Understanding (MoU) with Mufin Green Infra Limited to develop end-to-end EV charging infrastructure, signaling a strong move toward bolstering India’s EV ecosystem. As part of the deal, Exicom will manufacture and supply advanced EV charging hardware, equipped with its proprietary software to enhance efficiency and user convenience. The partnership will cater to a wide array of customers, including charge point operators, bus operators, and state utilities, aiming to accelerate EV adoption across the country. Exicom will also offer technical support, maintenance services, and digital solutions to complement its hardware offerings. Mufin Green Infra will focus on installing EV charging stations, creating fleet charging hubs, and onboarding new B2B customers. Both companies plan to leverage their market presence and collaborative efforts to scale operations and meet regulatory standards for environmental and safety compliance.