Startup Esmito, ElectricFuel Partners To Offer Energy As A Service (EaaS)
Smart battery swapping solution providing startup, Esmito has joined hands with ElectricFuel, an EV charging services Provider, to roll out Energy as a Service (EaaS) platform with an aim to bring affordable, high-performance Battery Swapping solutions to the Indian EV market.
The operations are currently being rolled out in Bangalore and Hyderabad and will be scaled to pan India in the next 6 months. As part of the partnership, ElectricFuel will serve as an EaaS operator enabled by Esmito's technology comprising Battery Swap Stations backed by its smart management platform and Mobile App.
Commenting on the partnership, Prabhjot Kaur, Co-Founder of Esmito, said, "We are very proud to partner with ELectricFuel, who are aiming to deploy this Battery Swapping infrastructure across geographies."
Esmito will become ElectricFuels’s tech partner and provide the stack of products to enable ElectricFuel as an EaaS operator. The companies are hopeful that this partnership will help delivery partners to spend up to 40 per cent lower upfront cost and lowers their operational cost of fuel to about one-third of the conventional fuel.
“With this partnership with Esmito, we can now offer fully automated Battery swapping solutions to a larger customer base in both fleet & passenger segments. It is a value addition to our existing services and helps us in further enhancing utilisation of our charging infrastructure”, said Sitapathy Chavali, CEO & Co-Founder of ElectricFuel.
