Cleaner Tech
India Battery-Swapping Boom Hinges on Deliveries and Rickshaws
Technology backed by startups and billionaire Mukesh Ambani is finally building momentum as electric vehicle sales rise.
Electric motorcycles, scooters and rickshaws are slowly beginning to replace gas guzzling vehicles in India, making the world’s most populous nation a potential key growth market for charging technologies like battery swapping.
Startups, fuel retailers including Indian Oil Corp. and billionaire Mukesh Ambani, the nation’s richest person, have for years discussed ambitions of building out major networks of swapping stations — which allow users to quickly exchange expired batteries for charged ones.