Battery Swapping: A game-changer for Electric Vehicles
Battery swapping, as the name suggests is simply replacing a depleted battery with a fully charged one at a battery swapping station (BSS). This technology is set to transform the EV space as it reduces infrastructure cost and is a more efficient charging arrangement for vehicles ‘on the go’. This technology also tackles the CapEx challenge of frequently purchasing new battery packs making EVs more economically viable. In the Indian EV ecosystem, many tech start-ups are working towards perfecting the swapping technology, with Bounce being the industry pioneer.
[1]https://www.whatech.com/markets-research/energy/645193-india-electric-vehicle-ev-battery-swapping-market-will-reach-to-6-1-million-by-2030-according-to-a-new-research-report
Bounce Infinity: A Trailblazer for E-mobility in India
Bounce Infinity is India’s first e-mobility solution company committed to unraveling India’s EV potential. In its first-ever innovation, Bounce introduced India’s first consumer electric scooter — the Bounce Infinity E1. The e-scooter is set to be a game-changer as it offers dual options to riders. They can either opt for a chargeable battery solution or a ‘battery as a service’ option.
‘Battery as a service’ is a unique proposition that allows riders to simply go to the nearest bounce battery-swapping station and swap their drained battery for a fully charged one. Swapping stations are identical to our good old gas stations and work on similar principles. Bounce infinity battery swapping stations have a reserve of fully-charged ready-to-go batteries that customers can access 24x7. The company has already installed 150 swapping stations across Bengaluru and has announced the launch of 3,500+ battery swapping stations across 10 major Indian cities. Bounce has also come up with a smart layout for positioning these swapping stations to ease accessibility and enhance outreach. The company’s smart framework includes key locales such as parking spaces, malls, residential societies, corporate offices, etc. Customers can easily locate their nearest battery-swapping station with a quick search on the Bounce App.
Bounce has established itself as a disruptor in the e-mobility sector as it has effectively removed the biggest roadblock in the mass adoption of electric vehicles. With Bounce’s smart infrastructure, EV is set to become mainstream in India as customers have a stress-free and convenient option when it comes to charging. Moreover, Bounce is pushing the envelope by not only solving the battery problem but also significantly reducing the operating costs of the vehicle. With Bounce, consumers can witness a 40% decline in running costs as compared to conventional scooters.[2] The company’s next strategy would be to expand its current infrastructure and accelerate the manufacturing of e-scooters. Over the next 12 months, Bounce has plans to invest over USD 100 million[3] towards widening the range of its battery-swapping network which will serve both its retail customers and its widely successful ride-sharing business. With effective stakeholder engagement and partnering with like-minded players from the industry, Bounce is all set to forge a new roadmap for India’s mobility sector.
As a pioneer, Bounce believes that Infinity E1 powered by battery swapping technology has made EV accessible, reliable, and more inclusive for the new-age Indian rider. The company’s vision to build the world’s largest and densest battery swapping framework will facilitate the nation’s journey of becoming electric and completely revolutionize how India moves.
[2]https://www.mobilityoutlook.com/news/bounce-partners-with-nobroker-to-ramp-up-battery-swapping-infrastructure/
[3]https://energy.economictimes.indiatimes.com/news/power/bounce-eyes-100mn-investment-in-e-scooter-mfg-battery-swapping-infra/87580698
