India's push for electric scooters, tuk-tuks fuels battery swapping market

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India's push for electric scooters, tuk-tuks fuels battery swapping market - Business Standard

Quick Summary:

Startups, fuel retailers including Indian Oil Corp.and billionaire Mukesh Ambani, the nation’s richest person, have for years discussed ambitions of building out major networks of swapping stations — which allow users to quickly exchange expired batteries for charged ones.

India’s slow build-out contrasts with far more rapid adoption in the world’s top EV market China, where the swapping sector is targeting a much wider range of vehicles, including SUVs to semi-trucks.

Efforts to establish a swapping network under the Jio-bp Pulse brand have been hampered by a lack of industry standards, Harish Mehta, CEO of the Reliance BP Mobility venture, said last year.