Power Global partners Rap Eco Motors to launch electric auto-rickshaw

Power Global partners Rap Eco Motors to launch electric auto-rickshaw

Power Global, a leading provider of high-performance clean energy and mobility products for everyday use, announced today a strategic partnership with auto-rickshaw manufacturer Rap Eco Motors to supply its eZee swappable lithium-ion battery technology for Rap Eco Motors' mass-market electric three-wheeler product line RANIE, which includes L3 and L5 passenger auto-rickshaw, delivery van, and cargo vehicle models. Following an initial product introduction in April 2022, the firms will collaborate to produce 50,000 electric auto-rickshaws over the next five years, supporting both companies' "made in India" production strategies.

India, the world's third largest emitter, is heavily reliant on two- and four-stroke three-wheel vehicles powered by fossil fuels, which provide critical last-mile transportation but contribute to the country's air quality crisis. Simultaneously, with gasoline prices growing by up to 20% in the last six months and the cumulative expenses of internal combustion engine vehicle maintenance increasing, drivers are rapidly turning to cost-effective electric auto-rickshaws as the current and reliable means of transport. In a country with limited infrastructure, like as India, automobile OEMs are embracing technologies such as battery swapping to further reduce the upfront cost of EVs, hence expanding access and speeding the country's clean energy transition.

Rap Eco Motors distributes premium e-rickshaws throughout the United States and internationally to countries in Asia, Africa, Europe, and South America. The relationship with Power Global is the first step toward the Hyderabad-based firm establishing a holistic 360-degree solution for the OEM's RANIE electric auto-rickshaws, which are powered by Power Global's 48-volt swappable eZee battery module. Power Global's engineering solution enables Rap Eco Motors to bypass the costly and time-consuming process of establishing an in-house electrification solution in an ever-changing auto-rickshaw industry like India. In comparison to today's fossil fuel-powered auto-rickshaws, each RANIE vehicle is predicted to reduce CO2e emissions by 3.7 metric tonnes per year and eliminate harmful NOx and PM tailpipe emissions that contribute to air pollution.

"As the world's largest three-wheeler market, we have a common obligation to commercialise a sustainable and clean solution," stated Mr. Pramod Chabria, Rap Eco Motors' co-founder. "Our complementing bases in Northern and Southern India position us for critical national expansion, assisting the country's thousands of drivers in adopting more economical, less polluting modes of transportation."

Power Global's domestic battery manufacturing facility in Greater Noida is expected to be the largest in-country manufacturer of lithium-ion batteries, capable of producing 400,000 modules a year. To fulfil India's FAME II mandates, which are compelling OEMs to create electrification solutions, Power Global wants to deliver 10,000 batteries and light mobility electric retrofit kits by the end of 2022, utilising its battery swapping network.

As Power Global expands its footprint in India, the business welcomes Rakesh Kerwell, Director of Business Development, who was instrumental in establishing this alliance. Kerwell, a former director of DLF Limited and vice president of corporate affairs at Reliance Industries Limited, is joined by two additional strategic hires with deep automotive backgrounds at Honda and Hero MotoCorp, respectively, who will be critical to Power Global India's next stage of growth: Ajay Dhiman, Head of Manufacturing, and Rajeev Sharma, Chief Engineer.

"To successfully expand India's market share in the light e-mobility industry, we must manufacture all components of electric auto-rickshaws domestically. Rap Eco Motors has already dominated the regional market with its aggressive business strategy and shares our aim for'made in India' electrification solutions "Pankaj Dubey, CEO of Power Global's India division, confirmed this. "We consider it an honour to assist them in charting their country's growth path, and we believe our firms' close partnership will result in a cleaner, more cost-effective electrified solution for auto-rickshaw drivers worldwide, while also strengthening our local economies. 'Made in India, for India,' as we like to say."