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By TT News| Jan 04, 2022

RACEnergy Partners With HPCL To Launch Battery Swapping Station In Hyderabad

RACEnergy, an EV infrastructure company, has partnered with energy company Hindustan Petroleum Corporation Limited (HPCL) to launch Hyderabad's first battery swapping station. 

The battery station was inaugurated by Jayesh Ranjan, Principal Secretary of Industries & Commerce (I & C) and the Information Technology (IT) Departments of the Telangana government. The facility is located in HITEC city. 

As part of its pilot programme this month, the company will set up several battery swapping stations at various HPCL outlets in Hyderabad. The company believes the move is in line with its vision of setting up a network of battery swapping infrastructure for EV two-wheelers and three-wheelers. 

Arun Sreyas, CEO and Co-Founder, RACEnergy, said, "A robust swapping infrastructure is essential to accelerate the adoption of electric vehicles, and HPCL’s network of retail outlets will allow us to reach every corner of the state with ease."

Gautham Maheswaran, CTO and Co-Founder, RACEnergy, said, "We are excited to be associated with HPCL as they continue to make bold strides in the field of e-mobility. We would also like to thank them for giving us the opportunity to pilot our battery swap stations at their retail outlets."

Apart from providing battery swapping infrastructure, the company also provides retrofit kits that convert normal Internal Combustion Engine (ICE) auto-rickshaws into EVs that are compatible with the company's battery swapping network. The company believes its technology will be able to provide an EV ‘re-fueling’ experience similar to that of an ICE vehicle while being 50 percent cheaper to operate. (TT)

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