Esmito partners with ElectricFuel to offer Energy as a Service

Esmito, a smart battery swapping solution provider, has joined hands with ElectricFuel, an electric vehicle charging services provider, to roll out Energy as a Service (EaaS) platform with an aim to bring affordable, high performance Battery Swapping solutions to the Indian EV market.

The operations are currently being rolled out in Bangalore and Hyderabad and will be scaled to pan India in the next 6 months.

Esmito is an IIT Madras incubated company with technology co-developed with Centre for Battery Engineering and Electric Vehicles (CBEEV). ElectricFuel, a Tech-enabled Charging services company works closely with a number of Fleet & Passenger Electric vehicles companies offering a wide range of solutions including Charging & Parking services for their fleet.

As part of the partnership, ElectricFuel will serve as an EaaS operator enabled by Esmito's technology comprising Battery Swap Stations backed by its smart management platform and Mobile App.

Esmito offers an innovative solution to such commercial Fleet users wherein users of Electric vehicles can swap out their used batteries at a swapping station without having to wait for charging time or needing to carry spare batteries for each vehicle.

The partnership not only helps delivery partners to spend upto 40% lower upfront cost but also lowers their operational cost of fuel to about one-third of the conventional fuel, the press release states.

Dr Prabhjot Kaur, Co-Founder, Esmito says, "Our swap technology is focused on providing high performance and safest energy to EVs, especially to the 2-wheelers and 3-wheelers community. The technology enables 24X7 management of battery’s safety, its utilization with overall increased operational efficiency aiding in faster adoption of EVs in this segment.

With this partnership with Esmito, we can now offer fully automated Battery swapping solutions to a larger customer base in both fleet & passenger segments. It is a value addition to our existing services and helps us in further enhancing utilization of our Charging infrastructure” says Sitapathy Chavali, CEO and Co-Founder of ElectricFuel.