In an ever-evolving auto-rickshaw market like India, Power Global’s engineered solution allows Rap Eco Motors to leapfrog the costly and time-consuming process of developing an in-house electrification solution. Compared to existing fossil fuel-powered auto-rickshaws on the road today, each RANIE vehicle is expected to cut CO2e emissions by 3.7 metric tons annually and eliminate dangerous NOx and PM tailpipe emissions that contribute to air pollution.
“In the world’s largest three-wheeler market, we feel a collective responsibility to commercialize a sustainable and clean solution,” said Parmod Chabria, a co-founder at Rap Eco Motors. “Our complementary footprints across Northern India and Southern India prime us for critical national expansion, which will help spur the country’s adoption of more economical, less pollutive transportation for thousands of drivers,” he added.
Power Global’s domestic battery production plant in Greater Noida is slated to be the country’s largest leading in-country manufacturer of lithium-ion batteries, capable of producing 400,000 modules annually. Supporting India’s FAME II mandates, which are driving OEMs to develop electrification solutions, Power Global aims to deploy 10,000 batteries and light mobility electric retrofit kits supported by their battery swapping network by the end of 2022.
Integral to this partnership, a new Director of Business Development, Rakesh Kerwell, will be joining the Power Global team. A former Director at DLF Limited and former Vice President of Corporate Affairs at Reliance Industries Limited, Rakesh is joined by two additional new hires whose deep automotive backgrounds at Honda and Hero MotoCorp, respectively, will be crucial to Power Global India’s next level of growth: Ajay Dhiman, Head of Manufacturing, and Rajeev Sharma, Chief Engineer.
“For India to successfully capture a bigger market share of the light e-mobility sector, we need to onshore all components of electric auto-rickshaw manufacturing in-country. Rap Eco Motors has already dominated the regional market through its ambitious business strategy and shares our mutual vision for ‘made in India’ electrification solutions,” said Pankaj Dubey, CEO of Power Global’s India subsidiary.
“We feel privileged to help chart their course toward national growth, and we believe our companies’ close collaboration will deliver a cleaner, more cost-effective electrified solution for auto-rickshaw drivers everywhere and strengthen our local economies. As we like to say, ‘Made in India, for India,’” he noted.