Smart Battery Swapping Startup Esmito partners with ElectricFuel
Date: 04 May 2023
a smart battery swapping solution provider has joined hands with ElectricFuel,
a leading EV charging services provider, to roll out Energy as a Service
(EaaS) platform with an aim to bring affordable, high performance battery
swapping solutions to the Indian EV
market. The operations are currently being rolled out in Bangalore and
Hyderabad and will be scaled to pan India in the next 6 months. As part of the
partnership, ElectricFuel will serve as an EaaS operator enabled by Esmito's
technology comprising of Battery Swap Stations backed by its smart management
platform and Mobile App.
the central and state governments mandating the adoption of EVs for commercial
applications in India, the procurement of these vehicles by potential buyers is
a big challenge due to higher pricing compared to the equivalent ICE vehicles.
Esmito offers an innovative solution to such commercial Fleet users wherein
users of Electric vehicles can swap out their used batteries at a swapping
station without having to wait for charging time or needing to carry spare
batteries for each vehicle.
will become ElectricFuels’s tech partner and provide the stack of products to
enable ElectricFuel as a EaaS operator. The partnership not only helps delivery
partners to spend upto40% lower upfront cost, but also lowers their operational
cost of fuel to about one third of the conventional fuel. The end customers
will benefit from this tie-up, and this will go a long way to fulfil India's
goal of transitioning towards clean transportation as quickly as possible.
on the partnership, Dr Prabhjot Kaur, Co-Founder, Esmito says, "Our swap
technology is focused on providing high performance and safest energy to EVs,
especially to the 2-wheelers and 3-wheelers community. The technology enables
24X7 management of battery’s safety, its utilization with overall increased
operational efficiency aiding in faster adoption of EVs in this segment. We are
very proud to partner with ELectricFuel, who are aiming to deploy this Battery
Swapping infrastructure across
geographies. We look forward to many more tie-ups and see to fulfil our vision
to bring in the best Indian technology to move towards cleaner mobility."
are today market leader in offering end-to-end EV Fleet Charging services to
our clients and aim to continuously enhance our portfolio of services in the
fast growing EV sector. With this partnership with Esmito, we can now offer
fully automated Battery swapping solutions to a larger customer base in both
fleet & passenger segments. It is a value addition to our existing services
and helps us in further enhancing utilization of our Charging infrastructure”
says Sitapathy Chavali, CEO & Co-Founder of ElectricFuel.
technology provides swap stations integrated with smart batteries and cloud
platforms and apps. The company has a strong tie-up with IIT Madras for
technology development and validation of products, keeping them abreast of the
new revolutionary developments in the field.