Who is India's largest battery as a service operator?

Claims to be India’s largest “Battery as a service” operator and provides charged Li-ion batteries via its network of Lithion Swapping Points in Delhi and NCR adjacent areas of Haryana. The solution also comprises of software that allows asset tracking and monitor energy utilisation. Each swapping takes less than 5 mins.

Is India a leading player in battery swapping?

With 1,200 stations now spread across more than 35 cities in India, the Delhi-based electric mobility venture has emerged as a leading player in the battery swapping sector, surpassing 45 million cumulative swaps to date, they claim.

Does India have a battery supply chain?

Across all segments of the battery supply chain, India’s production is presently negligible, but Indian companies have existing mineral production, processing expertise, battery cell investments, battery pack assembly capacity, and recycling experience.

How much is battery swapping market worth in India?

The battery swapping segment in India has continued to grow with its market valued at approximately $10.2 million in 2023 and it is projected to reach around $61.57 million by 2030, according to the Trade Promotion Council of India.

Does India have a high production potential in battery packs?

However, India’s high production potential in battery packs for two-wheeled and three-wheeled vehicles is supported by the Indian central government’s Electric Mobility Promotion Scheme 2024, which offers purchase subsidies for two-wheeled and three-wheeled electric vehicles with traction battery packs assembled in India.

Can India become a global supply chain for electric vehicle batteries?

Together, international trade, investment, research collaboration, and finance from development finance institutions could help incorporate India and its companies into the global supply chain for electric vehicle batteries.