“We’re kick-starting this journey from Bengal, providing lithium-ion batteries for e-rickshaws on a lease mannequin with our financing accomplice, Urja Mobility. Our sights are set on increasing to different markets quickly,” stated Pratik Kamdar, CEO & Co-Founding father of Neuron Power.
This can empower e-rickshaws, with GPS-enabled lithium-ion batteries, zipping by means of the lanes of Kolkata, he stated.
“Collectively, we’re focusing on a fleet of fifty lakh e-rickshaws throughout the nation, with a big quantity on this state, aiming to interchange the outdated lead-acid batteries with trendy, environment friendly, and environmentally pleasant alternate options in a lease mannequin,” he stated.
For customers, leasing is just like paying EMI as pay-per-use with out proudly owning the asset.
A lithium-ion battery can also be cost-effective in the long term resulting from its sturdiness however the entry value remains to be at the least twice that of a lead acid battery, he stated. Requested about safety considerations within the leasing mannequin, the official stated the batteries are geared up with GPS monitoring and provision to deactivate the battery pack remotely. The shift to lithium-ion batteries is not only a technological improve and it is a response to the rising environmental concern related to lead-acid batteries, Kamdar stated.
The Delhi authorities has already taken a stand by banning their use for e-rickshaws.
Underneath the strategic alliance, Urja Mobility will procure batteries immediately from Neuron Power, leasing them to fleet corporations and particular person EV homeowners by means of an intensive community of authorised distributors.
“Our asset-light mannequin guarantees flexibility and accessibility for electrical automobile homeowners. With a month-to-month lease rental of simply Rs 4,500 and a three-year contract, we’re making inexperienced transportation accessible to all,” stated Pankaj Chopra, CEO of Urja Mobility.
West Bengal is taken into account India’s e-three-wheeler manufacturing hub with round 15 per cent share and the state accounts for over 12 per cent of all EVs produced.
Neuron Power’s co-founder Raj Shah stated that their secret has been the power to supply customised options with a speedy turnaround time, resulting in a steady rise in gross sales.
Kamdar make clear the financial side, noting that the worth of lithium-ion batteries has dropped from a peak of USD 140 per kWh to a extra reasonably priced USD 80-85, with expectations of value stability within the close to future.
