DevvStream Holdings Inc. and E-Fill Electric LLC announced a definitive agreement to leverage E-Fill's network of EV charging stations in India for carbon credit generation. The E-Fill Agreement is anticipated to establish a new revenue stream for E-Fill, enabling expansion of the company's EV charging infrastructure. Through the E-Fill Agreement, E-Fill will serve as a launch partner for DevvStream's Electric Vehicle Charging Carbon Offset Program in India, which aims to accelerate electric mobility by generating revenue for EV charging network owners and operators.

The program achieves this by producing and selling voluntary carbon credits, which are generated when EV owners charge their vehicles. The program is tailor-made for ChargePoint Operators and Mobility Service Providers that own/operate Level 1, Level 2, or DC Fast Charging stations, public or private, for passenger vehicles or heavy-duty vehicles like e-buses and e-trucks. In turn, the Indian government has introduced legislation to further promote the nation as a manufacturing destination for EVs, while at the same time providing financial support for the advancement of EV charging infrastructure, which consists of more than 12,000 public charging installations.