Rapido-RACEnergy Partnership

The Bangalore-based ride-sharing startup, announced a partnership with RACEnergy, a battery-swapping industry, to deploy electric autos across India. As per the information given by the officials, the deployment of e-autos is expected to begin In Hyderabad and scale to other cities by the end of December 2023. To make the charging time for these autos as low as possible they will use RACEnergy’s battery-swapping technology.

This partnership is expected to be successful as Rapido offers a super large user base with more than a million people relying on Rapido for their daily commute. This, combined with RACEnergy’s advanced tech-enabled electric autos which do not have any downtime will help the users to get rides that are both economical and environment-friendly.

Aravind Sanka, Co-founder of Rapido, Said-

“This partnership is a great step towards a green sustainable transport solution. There’s always a constant effort at Rapido to serve our customers with the best experience possible. RACEnergy’s battery-swapping technology and energy-dense batteries will help us make electric transport available for the masses. We see this partnership benefitting both parties, this is a welcome addition to our fleet, with e-vehicles steadily making their grounds in the Indian market, we are always game to embrace the future.”

Arun Sreyas, Co-founder and CEO of RACEnergy, Said-

From the other end, Arun Sreyas, Co-founder and CEO of RACEnergy, stated “We join hands with Rapido in our collaborative mission to revolutionize last-mile transportation through our cutting-edge battery-swapping technology. By partnering with Rapido, we aim to expand the reach of our solutions and provide more commuters with access to our technology. This will enable us to expand our network to multiple cities and onboard a greater number of e-Auto drivers. As a result, we anticipate higher battery utilization and circulation.”

About RACEnergy

When it comes to safety, RACEnergy has tackled various challenges to become one of India’s first companies to receive the AIS 156 safety certification for its swappable battery packs which is in line with the highest acceptable global safety standards for EV battery packs.

Conclusion

This partnership will not only lower the amount that users spend per ride but will also lower carbon emission. This partnership between Rapido and RACEnergy not only benefits both the parties but also the consumer.

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