During the occasion, Varun Goenka, Founder, and CEO of E-Chargeup Solutions said that his company has been a major advocate of battery swapping as a way of encouraging e-rickshaws. These vehicles provide last mile urban transportation but have been limited in their adoption by the lack of battery charging
December 17, 2019. By News Bureau
In a bid to offer a unique business model to boost the use of e-rickshaws in the country, E-Chargeup Solutions has installed its new battery-swapping station (BSS) for e-rickshaws in Noida.
During the occasion, Varun Goenka, Founder and CEO of E-Chargeup Solutions said that his company has been a major advocate of battery swapping as a way of encouraging e-rickshaws. These vehicles provide last mile urban transportation but have been limited in their adoption by the lack of battery charging.
He further commented that “battery swapping is an idea whose time has come. Such stations are a quick and effective way for e-rickshaws to operate without the loss of time in charging batteries. They don’t lose fares because the batteries in their vehicles can be replaced quickly and their used ones are left behind to charge for others to use. This is the ultimate expression of a sharing economy in which assets are shared to facilitate business operations. Other examples of a sharing economy include, among others, the bed and breakfast segment exemplified by Airbnb and taxi services like Uber and Ola. The Internet is a prime facilitator in this 21st-century business model.”
Goenka also said that the first BSS has been operational over the past 6 months with 35 registered e-rickshaws covering 6,000 km daily on advanced indigenously developed Lithium-Ion batteries from Greenfuel Energy Solutions.
Going forward, the company is targeting 1.7 million e-rickshaws through this unique franchise model, where it offers battery swapping and related services to rickshaw owners, Goenka added.
He also said that there was an inherent efficiency in the model because there is no waiting interval for charging the batteries, a much better range, a 100 percent increase in driver revenue, and reduction in battery weight from 120 to 28 kg. This ensures the smooth running of the rickshaws and zero maintenance cost.
Commenting on the BSS launch, Akshay Kashyap, Managing Director of GreenFuel and provider of batteries to E-Chargeup Solutions, said that for the e-rickshaw ecosystem, battery swapping is right for these vehicles. “This basically means that an e-rickshaw owner can go in for a battery swapping option in which he goes to a charging station and replaces his discharged battery with a new, fully charged battery in under one minute and can be back on the go, without sacrificing income.”
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