Hyderabad- RACEnergy Ltd., a high-tech electric vehicle infrastructure firm for battery swapping, has opened a 10,000-square-foot battery manufacturing facility in Hyderabad. It has a 50 MWh battery production unit and can produce 30,000 batteries per year.
This corresponds with RACEnergy's objective of producing 80,000 two and three-wheelers by 2025, which is a significant step towards the company's goal of having 250,000 swappable batteries in circulation by the same timeframe.
RACEnergy was the first swappable battery firm to receive AIS-156 Phase 2 certification for its battery pack. The accreditation ensures that its battery technology will perform better and be safer.
Arun Sreyas, Co-founder of RACEnergy said, "The launch of our new facility marks a significant milestone in our journey to revolutionise the electric mobility sector and will cater to 25% of our goal of targeting 80,000 two and three-wheelers by 2025. With 500 swaps on our network daily, our facility will empower us to efficiently address the rising demand and expand our market presence globally.”
Gautham Maheswaran, Co-founder of RACEnergy stated, "We are committed to localising critical components of the EV value stream, and the new facility will enable us to achieve in-house production of EV and battery parts. With increased production capacity, we can extend the usage of batteries and serve both domestic and international markets."
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