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

Equipment

12 May 2026

L&T Achieves Double Tunnel Breakthrough at Dibang

Larsen & Toubro (L&T) has achieved a historic double milestone at the Dibang Multipurpose Project (Lot-02) in Arunachal Pradesh. On 28 April 2026, its Heavy Civil Infrastructure team recorded simultaneous breakthroughs in Diversion Tunnel-4 and Diversion Tunnel-5, successfully coordinating two daylighting blasts on the same day amid the difficult geological and environmental conditions of the Lower Dibang Valley.With this, the project has now completed breakthroughs in three of the five diversion tunnels, following DT-3 in February. The 2880 MW Dibang Multipurpose Project is a critical..

Equipment

12 May 2026

ICEMA Reports Resilient CE Industry Amid Export Surge

India’s construction equipment (CE) industry reported a marginal decline of around 2 per cent in total equipment sales during FY2025–26, with overall sales falling to 136,995 units from 140,191 units in FY25. However, exports registered strong growth of 31.5 per cent, reinforcing India’s position as the world’s third-largest construction equipment market.According to ICEMA, domestic demand declined by around 7 per cent across most equipment categories due to slower infrastructure execution, project delays, land acquisition challenges and slower disbursement cycles. ICEMA said the secto..

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..