Hero Electric, SUN Mobility to deploy 10k e-two wheelers with swappable battery
Hero Electric on Monday said it has partnered with SUN Mobility to deploy 10,000 electric two-wheelers with swappable battery technology.
As part of the tie up, Hero would utilise SUN Mobility's swappable battery technology to deploy about 10,000 electric two-wheelers by the end of next fiscal.
"Battery Swapping is emerging as a good catalyst for the exponential growth of the E 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," Hero Electric CEO Sohinder Gil said in a statement.
The company has now developed electric 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, he added.
"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," SUN Mobility Co-Founder and Chairman Chetan Maini stated.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
04:18 PM IST