Neuron Energy, Pointo Partners To Lease Lithium-ion Batteries For E-rickshaws

Electric Vehicle (EV) batteries maker, Neuron Energy has partnered with Pointo, a battery financing company. Under this collaboration the companies will focus on leasing lithium-ion batteries to commercial E-rickshaws in India. 

Starting in August 2024 and continuing through the following year, Neuron Energy has committed to delivering up to 12,000 high-capacity 5.1KW lithium-ion batteries for L3 category e-rickshaws, supporting the transition from lead-acid to lithium-ion technology and promoting the growth of sustainable electric mobility solutions.

Through this partnership, Pointo will lease Neuron Energy’s battery packs as part of its comprehensive EV initiative across key markets such as Kolkata, Bihar, and Uttar Pradesh. This initiative will further enhance electric mobility infrastructure in these regions, offering e-rickshaw drivers cost-effective, high-performance alternatives to traditional batteries.

Commenting on the partnership, Pratik Kamdar, CEO & Co-Founder of Neuron Energy, said “Our collaboration with Pointo signifies a significant shift in advancing sustainable mobility solutions by ensuring consistent, high-quality battery supply for the rapidly growing E-Rickshaw sector.”

The leasing model for EV batteries is seen as a game-changer, offering an affordable, scalable, and sustainable solution to drive the adoption of electric vehicles. 

Riki Biswas, Founder of Pointo, added “Pointo, as a pioneer in the Battery-as-a-Service (BaaS) sector, integrates OEMs and NBFCs to ensure the highest quality and performance of our products while streamlining battery leasing and lifecycle management. Our partnership with Neuron will accelerate market entry and establish premier service facilities, enhancing customer support and minimising downtime.”