Back
Havish Gupta
Figuring Outย โขย 1y
Brilliant Ideas That Didn't Work Out Why not swap your electric car's battery instead of charging it? Well, That's what a 2007 American startup called "Better Place" did! In electric cars, batteries are fixed and can't be removed. So, Better Place partnered with Renault to make cars with replaceable batteries. You just had to take your car to their swapping station, where a robot would swap the battery, and you could resume your journey. All this a $300 monthly cost. This was fast, convenient, and awesome. Thus they raised $850 million and had just $10 million in revenue at their peak. It began its operations in 2011 in Israel and Denmark. But it went bankrupt in 2013, even before starting in the USA! Why? 1. Building and maintaining their swapping stations was very expensive. 2. It was hard to achieve standardization in battery packs across different cars. 3. Limited Car Partnerships Additionally, consumer adoption and high cost also led to the failure of this unicorn.
Replies (5)
More like this
Recommendations from Medial
Havish Gupta
Figuring Outย โขย 8m
This Taiwanese EV scooter brand is revolutionizing transportation! Using an EV vehicle is very beneficial for the world, but it comes with multiple issues as a customer, the number one being battery life! Thus, in 2011, Horace Luke and Matt, two fr
See More
EVINDIA
Stay updated with th...ย โขย 1m
Odysse Launches SNAP at โน49,999 โ Indiaโs Most Affordable Battery-Swapping EV Scooter Odysse Electric, in partnership with Indofast Energy (a JV of Indian Oil & SUN Mobility), has launched SNAP, a battery-swapping enabled electric scooter priced at
See More
Havish Gupta
Figuring Outย โขย 9m
This startup's revenue grew by over 20 times in the last 2 years! But how? So this is Battery Smart, an EV battery startup founded by IIT-Kanpur graduates Pulkit Khurana and Siddharth Sikka. The idea is pretty simple! It takes a lot of time to ch
See More
EVINDIA
Stay updated with th...ย โขย 17d
From India to Africa: SUN Mobility Scales Global Battery Swapping SUN Mobility is set to build Africaโs largest EV battery-swapping network, backed by a $135 million investment led by Vitol. The rollout begins in Kenya and will expand across the co
See More
Bhargav
Aspiring entrepreneu...ย โขย 9m
The global shift towards renewable energy and electric vehicles is driving a crazy demand for innovative battery solutions. Where Hemp fibers can potentially produce batteries that store more energy and charge faster than traditional lithium-ion bat
See More
BHARAT EV
Hey I am on Medialย โขย 10m
Retrofitting existing diesel buses into electric vehicles (EVs) with a battery swapping system is a game-changer in the quest for sustainable urban transport. This innovative approach breathes new life into aging fleets, transforming them from pollut
See More
ARYAN JAIN
Want to be a billion...ย โขย 10m
I have a business idea about electric car The most common problem to buy an electric car is charging if a battery is discharged it takes too much time to charge so a car company can do that they make the battery replaceable so at the charging statio
See More
Mohammed Zaid
Shitposter of Medialย โขย 10m
Quick commerce Zepto claimed the number one spot on LinkedIn's 2024 Top Startups list, a data-backed ranking of the 20 emerging companies growing fast, gaining attention and recruiting top talent in India. Whether it's enabling battery-swapping for e
See More
Download the medial app to read full posts, comements and news.