+
HPCL partners with VoltUp for 50 battery swapping centres
POWER & RENEWABLE ENERGY

HPCL partners with VoltUp for 50 battery swapping centres

Battery-swapping solutions start-up VoltUp in a joint venture with oil and gas major Hindustan Petroleum Corporation Ltd (HPCL) will develop battery-swapping solutions centres across India. In an effort to set up smart electric mobility stations for electric vehicles (EV), the partnership plans to set up 50 such battery swapping solutions centres across the country in the next six months. Swapping batteries obviates spending long hours charging batteries.

Lack of charging infrastructure, high cost of adoption and lengthy charging time for electric vehicles have been among the hurdles and challenges towards the adoption of electric mobility in India. To overcome these challenges, VoltUp and HPCL have initiated this partnership for setting and scaling up infrastructure. With this tie-up, VoltUp aims to provide infrastructure for:

  • Instant swapping to end consumers
  • Last-mile delivery
  • Shared mobility providers
  • Original Equipment Manufacturer's (OEM) and logistic players with smart lithium-ion batteries in a connected environment-friendly manner

The partnership also aims to leverage the countrywide network of HPCL with VoltUp's expertise in the field of battery swapping technologies.

For the Indian EV market that is expected to be dominated and driven by the 2-3 wheeler commercial segment, battery swapping will offer the best alternative to slow charging and help drivers make optimum use of their operational hours.

Battery-swapping solutions start-up VoltUp in a joint venture with oil and gas major Hindustan Petroleum Corporation Ltd (HPCL) will develop battery-swapping solutions centres across India. In an effort to set up smart electric mobility stations for electric vehicles (EV), the partnership plans to set up 50 such battery swapping solutions centres across the country in the next six months. Swapping batteries obviates spending long hours charging batteries. Lack of charging infrastructure, high cost of adoption and lengthy charging time for electric vehicles have been among the hurdles and challenges towards the adoption of electric mobility in India. To overcome these challenges, VoltUp and HPCL have initiated this partnership for setting and scaling up infrastructure. With this tie-up, VoltUp aims to provide infrastructure for: Instant swapping to end consumersLast-mile deliveryShared mobility providersOriginal Equipment Manufacturer's (OEM) and logistic players with smart lithium-ion batteries in a connected environment-friendly mannerThe partnership also aims to leverage the countrywide network of HPCL with VoltUp's expertise in the field of battery swapping technologies. For the Indian EV market that is expected to be dominated and driven by the 2-3 wheeler commercial segment, battery swapping will offer the best alternative to slow charging and help drivers make optimum use of their operational hours.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code