RACEnergy, HPCL partner to set up battery swap stations in Hyderabad

Hyderabad: RACEnergy, an electric vehicle infrastructure company, inaugurated its first battery swap station in Hyderabad along with Hindustan Petroleum Corporation Limited (HPCL). Jayesh Ranjan, principal secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of Telangana government, and Gautham Maheswaran, CTO and co-founder, RACEnergy, inaugurated the first station at HITEC city. The […]

Hyderabad: RACEnergy, an electric vehicle infrastructure company, inaugurated its first battery swap station in Hyderabad along with Hindustan Petroleum Corporation Limited (HPCL).

Jayesh Ranjan, principal secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of Telangana government, and Gautham Maheswaran, CTO and co-founder, RACEnergy, inaugurated the first station at HITEC city.

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The pilot will see three battery swap stations being set-up at various HPCL outlets at prime locations in the city this month.

The battery swap stations and swappable batteries manufactured by RACEnergy provide a solution that is economical and scalable, wherein drivers can simply swap their discharged batteries with the charged ones within two 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 per cent the operating cost, and with minimal upfront costs.

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