Hero Electric, SUN Mobility to deploy 10,000 electric swappable two-wheelers in 2022-23

Highlights :

  1. Hero Electric and SUN Mobility say that the decision is in-line with the Finance Minister’s Budget announcement to introduce a battery swapping policy.
  2. They will create an ecosystem where the electric two wheeler customers have access to the latest battery technologies throughout the product lifecycle without incurring repetitive costs of purchase.

Hero Electric has partnered with SUN Mobility to deploy electric two wheelers integrated with smart- swappable battery technology. As part of the partnership, Hero Electric and SUN Mobility jointly will start deployments in the next three months with a target of around 10,000 electric two wheelers by the end of this year.

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Hero Electric is a leading electric two-wheeler manufacturer and SUN is a leading provider of energy infrastructure and services for electric vehicles (EVs).

Hero Electric says that the decision is in-line with the Finance Minister Nirmala Sitharaman’s announcement to introduce a battery swapping policy during the Union Budget and recognizing battery as a service to accelerate EV adoption in India.

SUN Mobility’s battery technology and interoperability of battery swapping infrastructure will enable Hero Electric’s customers to own electric two wheelers without having to worry about battery and charging infrastructure. The company has a network of Quick Interchange Stations (swap points). The solution also works on a Pay-Per-Use model.

Hero Electric and Sun Mobility say that they would create an ecosystem where the customer has access to the latest battery technologies throughout the product lifecycle without incurring repetitive costs of purchase. They would also collaborate on innovative financing options making it easier for customers to go electric.

Sohinder Gill, CEO, Hero Electric, said, “Battery Swapping is emerging as a good catalyst for the exponential growth of electric two wheelers in India. It reduces the upfront cost of buying a two-wheeler, eliminates the range anxiety and the apprehensions about the useful life of the batteries. It certainly makes a lot of sense for the B2B customers as the swapping stations can be placed in the working zones for the riders to allow them to run their bikes without waiting for the recharging of the batteries. As this concept evolves it will also become an attractive proposition for the retail customers.”

Gill added, “We have now developed E-two wheelers that will seamlessly integrate with Sun Mobility’s hi-tech swapping stations so as to give years of trouble-free performance of the composite solution. Through this partnership, we will be offering a variety of solutions to the customers suiting their needs and giving them the ultimate pleasure of adopting eco-friendly, economical and convenient mobility solutions.”

Chetan Maini, Co-Founder and Chairman of SUN Mobility, informed, “The confluence of Hero Electric’s futuristic vision on understanding the EV space and the pros of the battery swapping technology, along with the government’s commendable initiatives to come up with tangible policies, will definitely augur well with our common goal to accelerate the demand and adoption of EVs in the country.”

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