RACE Energy Doubles Battery Production; Does 30,000 Swaps a Month
#RACEEnergy #BatteryProduction #BatterySwapping“Our goal has always been to make sustainable EV solutions accessible to everyone, and we are thrilled to have reached this milestone in Hyderabad’s EV landscape. Within a 10-minute ride, EV drivers can access our swapping stations. Our goal is to increase penetration within existing markets to ensure that we have a station every one km. We are also increasing our presence across the Eastern parts of the city and want to achieve the same density. This is to ensure convenient battery swapping access for all Hyderabad EV users.” - Arun Sreyas, Co-Founder of RACE Energy
January 2024 : RACE Energy, a deep-tech electric vehicle (EV) infrastructure company for battery swapping, is now catering to 50 percent of the geographic presence in Hyderabad. Currently, the company is doing over 30,000 battery swaps per month in Hyderabad, which is facilitating 10,000 kilometres of green travel per day.
RACE Energy has swiftly emerged as a game-changer in the EV sector, ensuring that drivers are never more than 3 km away from any swap station within this 50 percent geographical area. With its new 10,000 sq. ft. facility in Hyderabad that was inaugurated in June last year, the company has doubled its battery production, deployment, and circulation.
Arun Sreyas, Co-Founder of RACE Energy, said, “Our goal has always been to make sustainable EV solutions accessible to everyone, and we are thrilled to have reached this milestone in Hyderabad’s EV landscape. Within a 10-minute ride, EV drivers can access our swapping stations. Our goal is to increase penetration within existing markets to ensure that we have a station every one km. We are also increasing our presence across the Eastern parts of the city and want to achieve the same density. This is to ensure convenient battery swapping access for all Hyderabad EV users.”
Gautham Maheswaran, Co-Founder of RACE Energy, emphasises, “RACE’s swapping network utilises cloud-controlled, data-driven charging algorithms to ensure very high efficiency of charging batteries that cater to the demand. With RACE's deep tech exemplified by the AIS-156 Phase-2 certifications and high energy density batteries, we have increased trust among drivers to accelerate EV adoption. These technological strides, coupled with operational efficiency and robust customer support, enable us to effectively serve larger markets.”
Looking ahead, RACE Energy is determined to continue its expansion and innovation in the EV industry. Currently, RACE Energy operates 30 battery swapping stations and has integrated 2-wheelers into its network – enhancing accessibility and further reducing the environmental impact of urban mobility. As Hyderabad rapidly moves towards a greener future, RACE Energy remains at the forefront of the EV revolution.
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