Udayavni Special

Oye! Rickshaw launches battery swapping platform, aims to deploy 10,000 lithium-ion batteries


PTI, Mar 3, 2021, 1:52 PM IST

New Delhi: Electric mobility start-up Oye! Rickshaw on Wednesday announced the launch of its battery swapping platform targeting to deploy 10,000 lithium-ion batteries by the end of this year.

The company, which started a battery swapping pilot project in December 2020, said it has crossed 1 lakh swap kilometres in under three months.

Commenting on the launch of the platform, Oye! Rickshaw Founder Mohit Sharma said, “By introducing swapping, we are significantly reducing downtime of our e-rickshaws and thus adding more commute hours for customers and more money into the pockets of our driver partners. This marks the beginning of a journey towards becoming a major connected electric vehicle player focused on mass micro mobility.”

According to the company, swapping leads to zero down-time for the rickshaws as opposed to 8-10 hrs daily downtime with traditional charging, meaning more monetisable hours.

“The increased earning potential due to the extra kilometres provided per day and savings in cost translate to a 60 per cent increase in net take home for Oye”s driver partners,” the company added.

Stating that India”s e-rickshaw energy market is expected to reach more than USD 4 billion by 2025, growing at 25 per cent during 2020-2025, the company said it aims to play a leading role in this transformation through its distributed battery swap network while delivering broader socio-economic impact.

The company said it is targeting to deploy 10,000 lithium-ion batteries by December 2021 and plans to cross 10 million swap kilometers by March 2022.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Over 12 crore doses of COVID-19 vaccine administered in 92 days in India

Three arrested for hoarding, black-marketing Remdesivir, vital for COVID treatment

HC extends interim bail of injured murder convict in view of COVID-19 pandemic

Pregnant, lactating mothers exempted from coming to office: M’luru Compol

Anupama Puchimada, the first ever International Woman Hockey referee from India dies of Covid-19

Government plans to have large fleet of Hydrogen-run buses in India

Sudhakar says govt will provide Remdesivir to 33 hospitals




Related Articles More

Over 12 crore doses of COVID-19 vaccine administered in 92 days in India

Less than 100 ICU beds vacant in Delhi hospitals, situation worsening every moment: CM Kejriwal

HC extends interim bail of injured murder convict in view of COVID-19 pandemic

Mandatory 14-day quarantine for Delhi residents returning from Kumbh Mela

COVID-19 surge: Rahul Gandhi announces cancellation of poll rallies in West Bengal

MUST WATCH

George Kadiyali | Can We Grow More Food on Less Land?

Udayavani 17-April-2021 News Bulletin

The fear of Covid 2nd Wave!!

Congress Karyakartas accuses police

Success story of a retired teacher in Betel Leaf Farming | Betel Leaf Cultivation

Latest Additions

Over 12 crore doses of COVID-19 vaccine administered in 92 days in India

Future Retail lenders approve restructuring of existing debts; plan to be sent to Kamath panel for approval

Can’t do anything that’s not personal: Alfonso Cuaron on his cinema and ‘The Disciple’

Less than 100 ICU beds vacant in Delhi hospitals, situation worsening every moment: CM Kejriwal

Religious events: Kota Poojary writes to CM BS Yediyurappa for relaxations

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.