Racenergy With HPCL To Launch The First Battery Swap Station In Hyderabad

Electric vehicle infrastructure company RACEnergy, today inaugurated its first Battery Swap Station in Hyderabad along with Hindustan Petroleum Corporation Limited (HPCL). 

The pilot will see three battery swap stations being set up at various HPCL outlets at prime locations in the city in January 2022. RACEnergy’s aims to set up a network of battery swapping infrastructure for electric two and three-wheelers. 

Speaking on the occasion, 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.”

“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,” said Arun Sreyas, CEO and Co-Founder, RACEnergy.

The battery swap stations and swappable batteries manufactured by RACEnergy provide a well-integrated solution that is economical and scalable, wherein drivers can simply swap their discharged batteries with the charged ones within 2 minutes, enabling them to be on the road for longer durations. 

To bring vehicles on-board its platform, RACEnergy is providing retrofit kits that convert existing ICE auto-rickshaws into electric vehicles that will be compatible with its swapping network. By clubbing these two technologies, RACEnergy is able to provide a similar experience of re-fueling ICE vehicles, but at 50% the operating cost, and with minimal upfront costs.

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