NREDCAP and RACEnergy launch first EV battery station in Tirupati

10 Nov 2021 CW Team

RACEnergy's solution assists in the conversion of diesel auto-rickshaws to electric.

The retrofit kits, along with the battery swapping stations and RACEnergy-made swappable batteries, provide a well-integrated, cost-effective, and scalable solution, allowing drivers to swap their discharged batteries for charged ones in under two minutes, allowing them to stay on the road for longer periods, according to the company.

According to the company, the advanced technology integration of hot-swapping the batteries eliminates any manual intervention of plugging connectors, making the entire process much safer and completely handled by the company.

Reddy said that drivers can purchase retrofit kits and convert their diesel vehicles to electric vehicles through this one-of-a-kind solution. For the driver community, battery swapping makes financial sense because after the vehicle is converted, their operating costs drop by 30% and their earnings increase.

RACEnergy, a Hyderabad-based company founded by BITS Pilani alumni Arun Sreyas and Gautham Maheswaran in 2018, primarily designs and manufactures battery swapping stations and swappable batteries.

According to the press release, the company's innovative technology and solution aims to lower the cost of electric vehicles and address key adoption challenges such as high vehicle costs, long charging times, a lack of swapping infrastructure, and range anxiety.

RACE also claims to be working on a one-of-a-kind electric three-wheeler powertrain. The company is offering these powertrains as retrofit kits to convert existing ICE auto-rickshaws in the first phase.

Image Source

Also read: Indian Oil plans to set up 10k EV charging stations in India

The New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP), in collaboration with EV infrastructure firm RACEnergy, launched the region's first battery-swapping station in Tirupati on Friday to test five retrofitted Electric Vehicles (EV). RACEnergy's solution assists in the conversion of diesel auto-rickshaws to electric. The retrofit kits, along with the battery swapping stations and RACEnergy-made swappable batteries, provide a well-integrated, cost-effective, and scalable solution, allowing drivers to swap their discharged batteries for charged ones in under two minutes, allowing them to stay on the road for longer periods, according to the company. According to the company, the advanced technology integration of hot-swapping the batteries eliminates any manual intervention of plugging connectors, making the entire process much safer and completely handled by the company. Reddy said that drivers can purchase retrofit kits and convert their diesel vehicles to electric vehicles through this one-of-a-kind solution. For the driver community, battery swapping makes financial sense because after the vehicle is converted, their operating costs drop by 30% and their earnings increase. RACEnergy, a Hyderabad-based company founded by BITS Pilani alumni Arun Sreyas and Gautham Maheswaran in 2018, primarily designs and manufactures battery swapping stations and swappable batteries. According to the press release, the company's innovative technology and solution aims to lower the cost of electric vehicles and address key adoption challenges such as high vehicle costs, long charging times, a lack of swapping infrastructure, and range anxiety. RACE also claims to be working on a one-of-a-kind electric three-wheeler powertrain. The company is offering these powertrains as retrofit kits to convert existing ICE auto-rickshaws in the first phase. Image Source Also read: Indian Oil plans to set up 10k EV charging stations in India

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..