Rapido collaborates with IndoFast Energy

Hyderabad- Roppen Transportation Services Private Limited., (Rapido) a bike, auto, and cab aggregator, has partnered with Indofast Swap Energy Private Limited., a joint venture between SUN Mobility and Indian Oil, to roll out 10,000 Piaggio E-city Max swappable e-autos across India in the next 24 months. Starting in Hyderabad, Bengaluru, and other major southern cities, the partnership aims to add over 1,000 EVs to the public transport system by December 2024.

The partnership between Rapido and IndoFast Energy started with a pilot program in Bengaluru, Hyderabad, and Delhi last year, aimed at integrating IndoFast Energy’s advanced swappable battery technology into Rapido’s platform. This collaboration enhances the accessibility, efficiency, and convenience of electric vehicles.

Building on the pilot's success, the partnership has established over 100 swap stations in Hyderabad and Bengaluru, enabling auto captains to swap batteries and reduce downtime.

Mr. Pavan Guntupalli, Cofounder of Rapido, said, "Rapido aims to achieve approximately 20 percent of its daily rides using swappable electric autos. This partnership with IndoFast Energy enables us to significantly enhance our EV offerings on the platform, reinforcing our commitment to sustainability."

Mr. Anant Badjatya, CEO, Indofast Energy, said, "This joint initiative stems from the success of the pilot program we launched with Rapido nearly a year ago. We are now accelerating our deployment across India, including cities like Hyderabad, Bengaluru, Delhi, and Chennai, to ensure the success of this initiative."

Mr. Diego Graffi, Chairman and MD, Piaggio Vehicles Pvt ltd said, "As pioneers of 3W electric mobility in India, we proudly operate over 50,000 Ape Electrik vehicles nationwide. Among these, more than 2,500 are equipped with our swappable battery solution, with many having already surpassed 100,000 kilometers. This partnership will significantly advance India’s EV mission and promote the advantages of swappable battery technology."

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