Rapide Power And Mobility Solutions
Revolutionizing the EV space in India
We are seeing an unprecedented growth in the EV market in the past few years owing to multiple factors such as high fuel prices, improved battery technology, favorable government policies etc… With a number of bigwigs dominating the market, budding ventures in this industry have a clear intention to shove the needle by tapping into their innovative streak.
We happened to search for such businesses out there who are creating a difference and found one trailblazer. Here, we are in a crisp conversation with the Founder Director of a Hyderabad based startup, RapidE Power, Mr. Sambit Patnaik, a new age first generation entrepreneur devoted to revoluionizing the way EV ecosystem works in India. Some of the valuable insights shared by him in this exclusive session given below:
THE VIBRANT INTRO
In India’s EV space, RapidE Power has established itself as a pioneer by creating a delivery based battery swap ecosystem for multiple 2W EV brands. Its service portfolio offers the ease of having a fully charged battery delivered anytime anywhere. This not only leads to higher productivity, saving precious time and effort, it also leads to instant range extension and thereby alleviating range anxiety.
Therefore, EV users won’t have to worry about battery costs, charging times and other infrastructural woes. Complimentarily, they also provide towing services and roadside assistance. Most of the existing service providers in this space concentrate on charging points and/or swapping stations, which is time consuming and costly.
RapidE Power provides a unique time-saving solution that enables customers to always have a fully charged battery for their electric 2-wheelers while minimizing the costs & hassles associated with setup, operation & maintenance. Large battery sets of different 2W EV brands can be delivered at various locations owing to the company’s hub and spoke model, which serves fleet operators and last-mile delivery companies. And most importantly, their organic charging practice promotes better battery health and longevity.
The company caters to individuals and companies engaged in time sensitive and high daily commute sectors like delivery, sales etc. Few of the notable names that RapidE is currently engaged with are EVeez, FranklinEV, AppkeEV & e-RIDES. Their pay-as-you-go model provides flexibility to customers to pay only for what they use.
THOUGHTS ON GOVERNMENT’S SUPPORT TO THE INDUSTRY
Mr. Sambit is of the firm belief that Interoperability can result from Budget 2022’s Battery Swap policy; and FAME II incentives encourage more people to prefer electric vehicles over conventional internal combustion engine vehicles. Compliances such as AIS 156 & 038, ensure improved battery quality and safety thereby enhancing the ecosystem on a whole.
THE FAIR SHARE OF R&D
R&D adds substantial value to the business model. They assert that any firm needs research and development to scale the ladder of success. Cell technology, safety, connectivity, and accountability are all currently being improved in the battery manufacturing industry and they have a steady attention on this subject. In this direction, they intend to engage in a proper Research and Development process soon, concentrating on efficient resource utilization, better routing, and reduced downtime.
THE FUTURE PROSPECTS
RapidE Power plans to be present at multiple locations and thereby grow geographically. They plan to cater to large fleet operators that are focusing on Quick Service Delivery (QSD) and Last Mile Delivery (LMD); to reduce turnaround time of their delivery executives and attain higher efficiency. The goal is to promote electric mobility by revolutionizing the EV ecosystem in India while ensuring uninterrupted rides.
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