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It has a 50 MWh battery production unit and can produce 30,000 batteries per year.
Date: June 28, 2023
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."
Race Auto India is a B2B publication that offers insightful analysis on the latest news, views, and trends in the automotive industry and its associated sectors. With over 10 years of experience in the field of Commercial Vehicles, Logistics, and Market Research, the team at Race Auto India comprises distinguished experts who have a proven track record of delivering high-quality researched content.
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