How to start a battery swapping station business
Hello People. This article gives you information about How to start a battery swapping station business. Electric vehicles are in great demand due to growing fuel prices. Setting up a EV battery swapping station can be a good market opportunity for entrepreneurs.
As you already know, the plug-in charging infrastructure requires an individual to wait for longer duration. In battery swapping technology, instead of the battery becoming a product, the battery becomes a service. The high cost of batteries in electric vehicles can be passed on to an energy operator. You can pay the operator only whenever you use the battery. Something that you don’t own but pay to use.
Business opportunity
In an electric vehicle with battery swapping feature, the battery is not owned by the user. Rather it is owned by another person who is known as an energy operator. It is the role of the energy operator to buy the batteries, charge them and keep them ready for you. For this, the customer pays the operator a fee.
Are you looking to start your business in the electric vehicle industry? We provide software development, web application development, mobile application development, charging stations management app, electric vehicle fleet management software development, cyber security and all software services. Please check our home page here https://iwheels.co/
Ok. Let's get back to the article. The starting cost of setting up a battery swap station is maybe 1 Lakh rupees. The quoted price may be for a station with 20 small battery packs that are replaced manually. On the other hand, the cost can go up to Rs 3.7 crore for a swapping station that caters to cars and hence the station has multiple large battery packs which are replaced by an automated process.
Government is expected to finalize incentives under its new battery swap scheme for electric vehicles (EVs) in the next months. The policy will initially focus on battery swap services for electric scooters, motorcycles and three-wheeled auto rickshaws. Govt. has announced to introduce a new policy to promote swapping, a service that allows EV drivers to replace depleted battery blocks for freshly charged ones at swap stations. This is faster than charging the vehicle and reduces range anxiety for drivers.
Moreover government is likely to offer EV owners an incentive of up to 20% of the total subscription or lease cost of the battery and this will be in addition to what they already get for buying clean vehicles, the person said.
Reliance Industries has formed a joint venture with Britain's BP Plc to offer battery swapping. Motorbike maker Hero MotoCorp and Taiwan's Gogoro have also partnered to set up swap stations, and the service is offered by start-up Sun Mobility as well.
The government will also define battery design and charging standards for companies that want to set up swap stations. This is probably to ensure the batteries can be used across EV models of different automakers. The concept is that if one company sets up a battery swap station, vehicles of another company should be able to use the same battery and service.
Hope this article on How to start a battery swapping station business is useful to you. Please read Swappable battery electric two wheelers
