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While Power Global is in discussion with some U.S.-based companies interested in the eZee product, Harris said the focus is ultimately further east. By the end of 2022, Power Global aims to have at least 10,000 vehicles on the eZee swappable system.
That’ll make it one of the largest domestic manufacturers of lithium-ion batteries in the country. It has opened a battery production plant in Greater Noida, India, which it anticipates will produce about a gigawatt-hour - which is about 10,000 Model S packs - this time next year. The company aims to release its eZee swappable battery product in the first quarter of next year, followed by the retrofit kits. Once the battery has been completely depleted of all its useful life, Harris said it’ll be sent to a recycler. Harris said there are plans to eventually tie those batteries in with small solar panels to provide energy to rural areas. The company plans to use the batteries for stationary energy storage application once they’re taken out of the eZee ecosystem. The Bestec ATX0300D5WC replaces common OEM power supply units. Power Global expects its batteries to last four and a half to five years. HP 5188-2625 Bestec ATX0300D5WC 300Watt Power Supply.
Micromobility’s next big business is software, not vehicles
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The main source of revenue will come from getting drivers on the energy-as-a-service monthly subscription model via Power Global’s “eZee” swappable batteries.
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And that’s a real benefit, because much of Power Global’s plan is dependent upon an extensive dealer network that can get people signed up to the swappable battery subscription model and help drivers buy and install the retrofit kits. Harris says the company already has around 48 dealers ready to sell their products, thanks largely to Power Global co-founder Pankaj Dubey’s extensive history working with Indian dealerships over his career with Hero Motors, Yamaha and Polaris. It’s also dire: Last year, 15 out of the top 20 most polluted cities in the world were in India, according to air quality technology company IQAir, and much of those emissions are due to transportation.īy offering two separate products for diesel-powered or electric rickshaws - the retrofit kit, which Harris said will fit more than 90% of current models, and the “eZee” swappable battery - Power Global is aiming to capture almost the entire auto-rickshaw market. The opportunity is certainly ripe, with some market research firms estimating that the electric rickshaw market in India will grow to $1.3 billion by 2025. “I’ve been looking at the Indian market now for about five years,” he told TechCrunch in a recent interview.
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