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How Battery Swapping & Charging Stations Could Shape India’s EV Future
Inc42
·
10m ago
Medial
- EV penetration expected to exceed 40% by 2030, with strong adoption in 2W and 3W categories. - Battery swapping and conventional charging infrastructure being evaluated to accelerate EV adoption in India. - Battery swapping involves exchanging depleted batteries for fully charged ones at swapping stations. - Conventional charging infrastructure focuses on establishing charging points in public spaces and residential areas. - Challenges in battery swapping include standardization, cost, and scalability. - Conventional charging infrastructure offers more flexibility but requires longer charging times.
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EV players discuss development of battery charging, swapping infra with Piyush Goyal
Economic Times
·
7m ago
Medial
Electric vehicle (EV) stakeholders discussed battery charging and swapping infrastructure with Commerce Minister Piyush Goyal and officials from the Department of Heavy Industries and DPIIT. Representatives from Tata, TVS, and Mercedes-Benz India raised concerns about the location and standards of swapping stations. The government aims to promote EV manufacturing through policy incentives and public charging stations. India's EV market is projected to achieve significant growth, with new jobs and public charging facilities planned under schemes like FAME-II and PM E-DRIVE.
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Zerodha’s Nikhil Kamath invests in Essar firm GreenLine Mobility
VCCircle
·
4m ago
Medial
Zerodha co-founder Nikhil Kamath is investing $20 million in GreenLine Mobility Solutions Ltd, a green logistics company by Essar Group. This investment is part of a $275 million equity infusion, primarily funded by Essar Group. GreenLine plans to use the funds to deploy over 10,000 LNG and EV trucks, establish 100 LNG refueling stations, EV charging stations, and battery swapping facilities. Kamath views this investment as a move towards sustainable and efficient logistics.
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Charging up electric mobility for the gig economy: How Chargeup is writing its business playbook
YourStory
·
1m ago
Medial
Chargeup, co-founded by Satish Mittal and Varun Goenka, aims to facilitate electric vehicle (EV) adoption in India by addressing challenges like battery management and financing for gig workers. The company offers tailored leasing solutions, battery swapping, and tech-enabled devices for monitoring battery health. With 300 battery swapping stations and 8,000 drivers onboard, Chargeup plans significant expansion. It leverages technology to improve driver credit scores, securing better financial prospects while mitigating EV operational issues.
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Africa’s Helios Climate and InfraCo Asia invests $60M in SUN Mobility
YourStory
·
9d ago
Medial
Africa’s Helios Climate and InfraCo Asia have invested $60 million in India’s SUN Mobility to expand its battery swapping network, targeting growth in Africa and Southeast Asia. SUN Mobility, a leader in e-mobility solutions, will use the funds to launch its innovative battery swapping technology in regions like Kenya and the Philippines. Their platform supports multiple vehicle types, offering scalable and climate-resilient solutions. The company already operates over 900 swapping stations globally.
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Karnataka's clean mobility policy aims Rs 50,000 crore investment amid competition from Maharashtra & Tamil Nadu
Economic Times
·
5m ago
Medial
Karnataka's Clean Mobility Policy (2025-2030) targets Rs 50,000 crore investment and 1 lakh new jobs to boost its EV and hydrogen vehicle sectors, aiming to position as a national and Asian leader. The policy focuses on infrastructure development, offering subsidies for charging, battery-swapping stations, and hydrogen hubs. It plans specialized workforce training and creating three mobility clusters to enhance innovation and manufacturing, amid competition from Tamil Nadu and Maharashtra.
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Karnataka imposes 18% GST on public EV charging stations
Startup News FYI
·
2y ago
Medial
The Karnataka Authority for Advance Ruling has imposed an 18% Goods and Services Tax (GST) on public electric vehicle (EV) battery charging stations. This decision clarifies the applicable GST rate for EV charging infrastructure in the state of Karnataka, which may impact the costs and economics of setting up and operating public charging stations for electric vehicles.
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Centre To Soon Release Battery Swapping Norms For Ebuses
Inc42
·
1y ago
Medial
The Indian government is planning to introduce uniform standards for batteries in electric buses (ebuses) to facilitate battery swapping and increase the adoption of electric vehicles (EVs). The standards will ensure compatibility in size, weight, and capacity of ebuse batteries, allowing for seamless interoperability. Currently, battery capacities and weights vary among different ebuses, making it difficult to implement battery swapping stations. This move is part of the government's efforts to promote EV adoption, with a target of deploying 10,000 ebuses in 169 cities through a public-private partnership model.
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Mechlae Energy enables EV users to change battery in malls, shops
Inshorts
·
3m ago
Medial
Founded by Ragul Nishanth, Mechlae Energy is a Bengaluru-based startup offering fast and zero-downtime energy solutions for EVs. It has built the 'world's first portable battery-swapping technology'. These battery swap stations do not require heavy permits. They are easily deployable at dealerships, malls, restaurants, and delivery hubs, making it easy for EV users to change batteries anywhere.
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VoltUp raises $8 Mn in seed funding round
Entrackr
·
6m ago
Medial
VoltUp, a mobility-as-a-service (MaaS) platform and battery-swapping startup, has raised $8 million (Rs 67 crore) in a seed funding round, comprising equity and debt, which was led by EM Impact Capital. The Mumbai-based company had previously raised $10 million in the pre-seed round, bringing the total fund raised to $18 million with participation from prominent Family Office, HDFC Bank, cKers, Grip Invest and GetVantage. Founded in 2019 by Siddharth Kabra, VoltUp is a battery-swapping platform that is designed for electric 2-wheelers and 3-wheelers. Operating in 14 cities, VoltUp’s technology-first approach integrates AI and data analytics to optimize station locations, monitor battery performance in real-time, and predict user demand, offering a safer, more efficient, and time-saving alternative to traditional charging. With a core focus on safety, health, and efficiency (SHE), VoltUp claims to deliver a more sustainable mobility experience, making densely populated cities smarter and more connected. Through its Mobility-as-a-Service (MaaS) network, the startup empowers delivery agents, gig workers, and small businesses with reliable electric 2-wheelers powered by proprietary swappable battery technology. VoltUp plans to accelerate its MaaS offerings, integrating seamlessly with multiple electric vehicle platforms for two- and three-wheelers. It claims that its revenue has grown by over 4 times in the last 12 months and plans to deploy 1,000 new battery-swapping stations across 20 urban centres, supporting a growing customer base while promoting EV adoption and reducing range anxiety. Over the next two years, VoltUp aspires to invest in assets worth over $85 million, including swapping stations, batteries, and expanding the MaaS platform leading to additional job creation and bolstering India’s transition to sustainable mobility.
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Electric Mobility firm Baaz Bikes raises $8 million in Series A round led by BIG Capital
Money Control
·
1y ago
Medial
Baaz Bikes, an electric vehicle manufacturing startup in India, has secured $8 million in a Series A funding round led by BIG Capital. The funds will be used for expanding the company's operations, adding more battery swapping stations, and improving its product portfolio and technological innovation. Baaz Bikes offers subscription-based access to its bikes and dense automated battery swapping infrastructure, primarily catering to gig delivery riders working with Zomato, Swiggy, and Amazon. The company plans to expand its footprint in Delhi NCR and launch EV models for bike-taxis.
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