ChargeUP has formed a strategic partnership with Lanka IOC PLC (LIOC), becoming its exclusive Electric Vehicle (EV) charging partner. Under this agreement, ChargeUP will install EV charging stations across LIOC’s island-wide network of fuel stations and premises, marking a significant step toward advancing sustainable mobility in Sri Lanka.

This partnership signifies LOLC Group’s commitment to the new energy transportation sector by establishing an infrastructure for the EV charging ecosystem. ChargeUP is the EV charging arm of Ishara Traders Motor Company (Pvt) Limited (ITMC) which contributes to drive the electric mobility of the country under the leadership of the Group. ITMC has partnered with Qingdao TELD New Energy Technology Co., Limited, a global leader in EV charging solutions,to introduce advanced and scalable charging technology. Together, these efforts aim to create an integrated ecosystem that enhances user convenience, strengthens customer engagement, and supports long-term growth in Sri Lanka’s evolving mobility landscape.

Browns EV, in partnership with PickMe and LOLC Holdings PLC, marked a significant milestone in Sri Lanka’s mobility landscape with the ceremonial handover of 125 electric vehicles under its ‘Drive to Own’ initiative. Held on 20 March 2026 at the Galle Face Hotel, the event highlighted the growing momentum toward accessible, sustainable, and an innovative solution to own a vehicle in Sri Lanka.

This handover reflects the forward-thinking approach and strategic collaboration between Browns EV, LOLC Holdings PLC, and PickMe, particularly in light of the evolving global geopolitical landscape and the potential fuel challenges facing Sri Lanka. By supporting the transition away from fuel dependency, Browns EV is helping to safeguard livelihoods while ensuring reliable and uninterrupted mobility.

Browns EV officially announced the launch of the highly anticipated fast-charging BAW E7 Pro electric vehicle to the Sri Lankan market at a press conference held on 10th March 2026 at the Monarch Imperial. The unveiling marks another significant milestone in the evolution of Sri Lanka’s electric mobility landscape and reflects Browns EV’s continued commitment to expanding a diverse portfolio of high-quality, accessible electric vehicles designed to meet the evolving needs of modern consumers.

Positioned as one of the most competitively priced electric vehicles currently available in the local market, the BAW E7 Pro is offered at an attractive price point of Rs. 5.8 million. The model has been developed to deliver a practical and accessible mobility solution for urban drivers, combining efficiency, reliability, and modern technology to support the growing demand for sustainable transportation alternatives in Sri Lanka.

Browns EV, the electric mobility arm of Brown & Company PLC under the LOLC Group, marked a defining moment in Sri Lanka’s electric mobility journey with a landmark event held at the Shangri-La Hotel, Colombo. The occasion celebrated three significant milestones: the official unveiling of the BAW M8 flagship MPV, the completion of 1,500 customer EV deliveries nationwide, and the announcement of the exclusive strategic partnership with global EV charging leader Qingdao TELD New Energy Technology Co., Limited (TELD).

Senior leadership from the LOLC Group, Beijing Automobile Works Co. Ltd (BAW) and TELD graced the event, including Mr. Ishara Nanayakkara, Chairman of LOLC Holdings PLC and Brown & Company PLC; Mr. Kapila Jayawardena, Group Managing Director/CEO of LOLC Holdings PLC; Mr. Vijitha Bandara, Executive Director of Browns EV; Mrs. Pavithra Jayasekara, CEO of Browns EV; Mr. Zhihong Gu, Vice President of BAW, Mr. Fedya Jia, General Manager of Weiqiao Smart Auto International Co., Ltd., and Mr. Li Zhengyi, Overseas Regional Director of Qingdao TELD New Energy Technology Co., Limited.