Clean energy provider Fortum has signed an agreement with Clean Motion for offering sustainable mobility solutions by jointly developing a battery swap system, tailored specially for light electric vehicles in India.
The goal is to jointly develop a battery swap system for light electric vehicles with the aim to launch a pilot before end of 2018 on an existing Zbee cluster in India, before further development and expansion in India.
The primary target market for the initiative are the major taxi companies in India, and other organisations with large fleets of vehicles that are in need of high uptime in their operations.
The vision is to enable all manufacturers that make or intend to make light electric vehicles to receive an offer to use the swapping technology in their vehicles.
Fortum wants to see the adoption of electric light vehicles to really take off in India.
Commenting on the same, Sanjay Aggarwal, managing director, Fortum India, said: “Leveraging its expertise in e-mobility solutions, Fortum plans to transform mobility in India. The Indian Government has a vision to achieve fully electric mobility by 2030.”
“Being a pioneer in providing charging solutions for electric vehicles in the Nordics, Fortum plans to extend their service and be a prominent enabler towards the achievement of this vision in India as well,” he said.
He further adds, “India is already an important market for Fortum, which has flourishing solar operations in the country. The collaboration of Fortum and Clean Motion is a step forward to achieve our company’s vision for a cleaner world.
Increased adoption of EV also means improved battery technology at affordable price and therefore, this collaboration agreement will further boost the market adoption of electric vehicles.
Awadhesh Kumar Jha, vice president – Charge & Drive & Sustainability, Fortum India, said: “Fortum intends to provide green energy solutions to all variants of electric vehicles in India.”
He further added that Fortum look at the batteries as containers of electric energy, which is quite suitable for swapping in light electrical vehicles. This collaboration complements its pioneer charge and drive, which is built for billions, where EV is charged and driven; whereas this project instead let you change the energy canister and drive EV.
Fortum's vision is to increase the market adoption of electric vehicles by offering suitable business model for the user of EV. This project will address the end customers’ concern of high cost of owning EV by reducing the initial costs for batteries. Fortum will own the batteries and same shall be let out to EV in swapping stations on pay-per-use model, he further added.
Source- ET Auto