Power Global, Rap Eco Motors partners to launch mass swappable battery powered e-3W
Power Global has announced a strategic partnership to supply its eZee swappable lithium-ion battery technology to auto-rickshaw manufacturer Rap Eco Motors for its mass-market electric three-wheeler product line RANIE, which includes L3 and L5 models of a passenger auto-rickshaw, delivery van, and cargo vehicle.
Following an initial product launch in April 2022, the companies will team up to manufacture 50,000 electric auto-rickshaws over the next five years, advancing both companies' roadmaps for "made in India" manufacturing.
"In the world's largest three-wheeler market, we feel a collective responsibility to commercialize a sustainable and clean solution," said Mr. Parmod Chabria, a co-founder at Rap Eco Motors.
"Our complementary footprints across Northern India and Southern India prime us for critical national expansion, which will help spur the country's adoption of more economical, less pollutive transportation for thousands of drivers."
Power Global's domestic battery production plant in Greater Noida is slated to be the country's largest leading in-country manufacturer of lithium-ion batteries, capable of producing 400,000 modules annually. Supporting India's FAME II mandates, which are driving OEMs to develop electrification solutions, Power Global aspires to deploy 10,000 batteries and light mobility electric retrofit kits supported by their battery swapping network by the end of 2022.
"For India to successfully capture a bigger market share of the light e-mobility sector, we need to onshore all components of electric auto-rickshaw manufacturing in-country. Rap Eco Motors has already dominated the regional market through its ambitious business strategy and shares our mutual vision for 'made in India' electrification solutions," said Pankaj Dubey, CEO of Power Global's India subsidiary.
"We feel privileged to help chart their course toward national growth, and we believe our companies' close collaboration will deliver a cleaner, more cost-effective electrified solution for auto-rickshaw drivers everywhere and strengthen our local economies. As we like to say, 'Made in India, for India.'"
