Battery Smart accomplishes milestone of 1 million battery swaps in India
Battery Smart has announced that it has completed a milestone of 1 million paid swaps.
Moreover, the company has expanded to 10 cities in India, including Noida, Gurugram, Faridabad, and Panipat, and is rapidly moving towards its goal of making EV adoption simple, economical, and accessible.
This is a significant milestone as it certifies the growing usage and acceptance of battery swapping as an innovative clean mobility solution that offers a 40 percent reduction in the up-front investment borne by consumers. Additionally, with a new battery swapping policy announced as part of Budget 2022-23, battery swapping infrastructure and EV financing are set to receive heightened focus from the Government.
Speaking on the occasion, Siddharth Sikka, Co-Founder of Battery Smart, stated, "Our unique battery-as-a-service model has empowered us to scale our operations at a rapid pace, growing 20X in the last 6 months. Our intelligent battery assignment technology, real-time data, and automated swap stations enable us to minimize wait times and augment drivers' earnings by up to 100 percent."
"We are very proud to announce that we have completed 1 million battery swaps, a testament to India's rapidly growing acceptance to switch to EVs. The fact that these swaps have been completed by our paying customers, like gig workers and e-rikshaw drivers across 120+ different makes of vehicles, strengthens our belief that an interoperable battery-swapping network is the most effective solution, especially for commercial two and three-wheelers," said Pulkit Khurana, Co-Founder of Battery Smart.
Battery Smart's data-driven methodology and superior battery telematics have enabled it to grow exponentially. The IoT-enabled batteries on its network and the data generated are being utilized for effective network planning and ensuring EV users have access to two-minute swaps within a 1 km radius with zero wait time. With 4000+ registered drivers on its platform and over 200 Swap Stations live and operational, the company has powered 30 million emission-free kms to date.
