On Aug 12, 2020, Ministry of Road Transport and Highways released a statement that electric 2Ws and 3Ws can be sold without a battery pack. The move is expected to boost the battery swapping infrastructure and ‘Energy as a service’ business models. The pay-as-you-go approach will not only lower the upfront acquisition cost of the EVs, but also significantly reduce the waiting time needed to recharge a battery pack.
This post features the leading battery swapping solutions providers in the country (in no particular order).
Headquarters – Bengaluru | Founded – April 2017 | Co-founder – Chetan Maini
A 50:50 joint venture between Maini Group and SUN Group, and the most prominent player in India’s battery swapping space for electric 3Ws and e-buses. In Sep 2020, Bosch acquired 26% stake in the company.
Chetan Maini led Sun Mobility offers an open-architecture Energy Infrastructure Solution, including its own Smart Batteries that can be swapped at its Quick Interchange Stations. Provides a full stack solution including mobile apps for drivers and web interface for managers to onboard drivers and map vehicles.
The company has a focus on shared mobility segment and has partnered with OEMs and shared mobility providers to deploy its energy infrastructure and offer battery swapping services. Sun Mobility aims to power 1 million EVs by 2025 and save 8.5 million tons of CO2.
Partnerships – Microsoft, Uber, Piaggio, SmartE, Ashok Leyland, Andhra Pradesh Economic Development Board, Indian Oil Corporation
Scale – Operational in 11 Indian cities, covered over 2 million emission free kms, transported over 3 lakh passengers via e-buses and 3Ws
In September 2019, Sun Mobility and Ashok Leyland launched 18 Circuit-S buses by Ahmedabad Janmarg Limited, supported by automated battery swap station equipped with a robotic arm that can swap the 600 kg battery within 3 mins. In 2020, the company launched battery swapping operations in Chandigarh and Bengaluru in association with Indian Oil. In Dec 2020, Sun Mobility announced plans to set up 100 EV battery swapping stations across Bengaluru over the next 12 months.
Headquarters – New Delhi | Founded – 2016 | CEO – Piyush Gupta
Lithion Power provides an Intelligent Energy platform for battery swapping infrastructure. Focused on providing swapping solutions for electric 3Ws and 2Ws. Claims to be India’s largest “Battery as a service” operator and provides charged Li-ion batteries via its network of Lithion Swapping Points in Delhi and NCR adjacent areas of Haryana. The solution also comprises of software that allows asset tracking and monitor energy utilisation. Each swapping takes less than 5 mins.
According to reports, the company planned to invest $ 1 billion to create an ecosystem for EV drivers to swap batteries.
Partnerships – Working with EV OEMs, battery manufacturers, fleet operators, asset managers & other entities in the EV ecosystem.
Scale – Plans a multi-fold augmentation of its battery swapping infrastructure in coming months.
Headquarters – Mumbai | Founded – 2019 | CEO – Siddharth Kabra
Provides a battery swapping and smart charging technology platform for EV owners, Logistics Players and OEMs, working on a pay-as-you-go model.
VoltUp has designed and manufactured EV Batteries, Battery Management System and Charging Stations which are housed on its platform to provide instant charge through battery swapping. Going forward, the company also plans to integrate solar energy to power its charging portals.
Partnerships – Tied up with a few OEMs for strategic collaborations. Coming up with a swappable L5 electric 3W with one of the OEMs shortly. VoltUp is also looking to finalise partnerships with multiple logistics players.
In the last week of Dec 2020, VoltUp announced its partnership with HPCL for opening battery swapping centres. The partnership is looking to open 50 battery swapping solutions centres across India by Jun 2021.
Scale – Deployed three stations in Jaipur and planning another three in the next 2 months. To launch 10 swapping stations in Kolkata by Sep 2020. Plans to launch in Delhi NCR and Bangalore later this year apart from planned expansion to three more cities in Rajasthan.
Headquarters – Chennai | Founded – 2018 | CEO – Prabhjot Kaur
Housed at IIT Madras Research Park, Esmito offers a B2B SaaS platform for EV Infrastructure management including battery swapping management. The cloud-based platform enables real-time monitoring, control, and management of EV Infrastructure, as well as capable of performing battery performance analytics and can effectively integrate with third-party systems.
Scale – Presence in 6 states across India collaborating with 5 operators for multiple pilot projects. 320 charging ports, 3,00,000 km monitored, 10,000 swaps performed.
Flowtrik is another IIT Madras based start-up (founded in 2019) that manufactures the hardware for EV charging, including bulk charging portals used at swapping stations.
Headquarters – Bengaluru | Founded – 2018 | CEO – Ravikiran Annaswamy
Numocity provides an enterprise level solution called ZipSwap for EV battery swapping operations. The start-up has provided its software solutions to multiple players in EV charging and swapping space.
Raised an undisclosed amount in a seed funding round in Jan 2020.
Headquarters – New Delhi | Founded – 2019 | CEO – Varun Goenka
E-Chargeup Solutions operates battery swapping stations for electric 3Ws. Through its dealer network, the start-up offers ‘Battery as a service’ to electric 3W drivers. It sources indigenously developed Li-ion batteries from Gurugram based Greenfuel Energy Solutions.
Scale – Operational in Delhi NCR since May 2019 and servicing to 900 customers per month at their Mayur Vihar Chargeup-HUB. Further expanding to North Delhi and plans to open 50 more HUBS in Delhi NCR. Aims to provide services to 2.4 million drivers through its dealer network.
Headquarters – Bengaluru | Founded – 2019 | Co-founder – Anand Shah
Ola Electric operates a battery swapping station in Delhi NCR. According to Crunchbase, Ola Electric has raised more than USD 307 M till date.
Scale – Ola Electric announced plans to bring one million EVs on Indian roads by 2022 and set up an ecosystem involving battery swapping stations with a focus on two-wheelers and three-wheelers.
Partnerships – Tied up with BSES to set up swapping stations in Delhi. Providing battery swapping services to one of the OEM partners of logistics firm Avaan India.
More verified information on current scale and operations is awaited from the company.
Headquarters – Vadodara | Founded – 2018 | MD – Kartikey Hariyani
In Dec 2020, the company forayed into the 3W battery-swapping network in Delhi/NCR with SmartE as its enterprise mobility customer. CHARGE+ZONE operates over 100 charging stations in India and recently added “battery as a fuel” as a new business swap model.
Scale – Aims to deliver daily swap /charging services to 1000+ e-rickshaws & e-autos by March 2021 in Delhi NCR across 25 micro hubs.
Okaya Power Group
Headquarters – New Delhi | Founded – 2002
Commissioned IoT based Battery Swap Station in Delhi and planning to install another 300 swapping stations across India in 2020.
Amara Raja Power Systems
Headquarters – Tirupati | Founded – 1985
Battery Swapping stations for electric 2W and 3Ws. Completed battery swapping station projects in Tirupati, Kochi and Lucknow.
Partnerships: Battery swapping project with BPCL in Kochi and Lucknow.
Headquarters – Hyderabad| Founded – 2018 | Co-founders – Arun Sreyas and Gautham Maheswaran
Huddle accelerated RACEnergy is building a battery swapping network for electric 3-wheelers. The start-up is pursuing an approach to create both demand and supply by simultaneously working on conversion kits, battery packs, swapping stations. As a go-to-market strategy, RACEnergy is creating the demand for swapping solutions by retrofitting ICE 3 Wheelers into electric.
Cover Image Source: Esmito
Last Updated: Jan 06, 2021
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