Best EV Battery Swapping Companies in India

A battery swapping service allows owners of electric vehicles (EVs) to replace a depleted battery with a fully charged one quickly and easily. In India, battery-swapping stations are becoming increasingly common.

There Are Two Main Types of Battery Swapping Companies in India:

• Direct Swap Companies The battery-swapping stations are owned and operated by these companies. Additionally, they own the batteries, which are leased to EV owners. An EV owner can simply drive to a battery swapping station and exchange their depleted battery for a fully charged one when their battery needs to be swapped.

• Indirect Swap Companies The battery-swapping stations are not owned or operated by these companies. As a result, they partner with other companies to provide battery-swapping services. Indirect swap companies, for example, may partner with fleet operators to provide battery-swapping services for electric rickshaws.

List of the Leading Battery Swapping Companies in India:

Battery Smart is the largest battery-swapping network in India for electric two- and three-wheelers. Over 650 battery swapping stations have been established in 25 cities, and more than 12 million swaps have been completed. Pulkit Khurana and Siddharth Sikka, both graduates of IIT-Kanpur, founded the company in 2020. With Battery Smart’s battery swapping stations, lithium-ion batteries can be swapped in under two minutes. Battery swapping is available 24 hours a day, 7 days a week at the company. For access to Battery Smart’s battery swapping service, customers pay a monthly subscription fee. Investors such as Tiger Global, Sequoia Capital India, and Blume Ventures have invested over $33 million in the company.

Sun Mobility is a battery-swapping company that has partnered with several major auto manufacturers, including Mahindra and Maruti Suzuki. By 2025, it plans to establish 10,000 battery-swapping stations in India. Sun Mobility’s battery swapping stations are equipped with swappable lithium-ion batteries that can be swapped within 90 seconds. Battery swapping is available 24 hours a day, 7 days a week at the company. Sun Mobility’s customers pay a monthly subscription fee for access to its battery-swapping service.

Yulu is a battery-swapping company that specializes in last-mile mobility solutions. There are more than 100 battery swapping stations in Bengaluru and plans to expand to other cities in India in the near future. Yulu’s battery swapping stations feature swappable lithium-ion batteries that can be swapped in under 30 seconds. Battery swapping is available 24 hours a day, 7 days a week at the company. A monthly subscription fee is charged to Yulu’s customers in order to access its battery-swapping service.

Bounce Infinity provides battery-as-a-service (BaaS) for electric scooters through battery swapping. Currently, there are over 50 battery swapping stations in Bengaluru, and plans to expand to other cities in India in the near future. With Bounce Infinity’s battery swapping stations, lithium-ion batteries can be swapped in under two minutes. Battery swapping is available 24 hours a day, 7 days a week at the company. Bounce Infinity’s customers pay a monthly subscription fee for access to its battery-swapping service.

Charging electric vehicles in India presents a number of challenges. Battery swapping is considered to be a promising solution. In addition to reducing range anxiety, it can improve the convenience of owning an EV and make it more affordable. Battery swapping is likely to become increasingly popular as the EV market in India grows.

How Much Does It Cost to Set Up a Battery Swapping Station in India?

In India, the cost of setting up a battery-swapping station can vary depending on the size, the type, and the location of the station. The cost of a typical battery swapping station in India can range between INR 5 lakhs and INR 10 lakhs (USD 70,000 to USD 140,00).

Some of the Factors That Can Affect the Cost of Setting Up a Battery Swapping Station:

• Size of the station: The larger the battery swapping station, the more expensive it will be to set up.
• Type of batteries: The type of batteries used will also affect the cost of the station. Lithium-ion batteries are the most commonly used batteries for battery swapping stations, but they are also the most expensive.
• Location of the station: The location of the station can also affect the cost. Stations located in urban areas will be more expensive to set up than stations located in rural areas.

An Indian battery swapping station can cost a considerable amount to set up and operate. For individuals and businesses, the benefits of battery swapping, such as reduced range anxiety and faster charging times, can make it a worthwhile investment.

Here Are 5 Faqs Related to Battery Swapping Stations in India:

How Does Battery Swapping Work?

EV owners simply drive their vehicles into a battery-swapping station and park them in a designated area when they arrive. In this case, the battery swapping station will automatically identify the vehicle and remove the depleted battery. After the battery is depleted, it is taken to a charging station for recharging. A fully charged battery will be installed in the vehicle, and the EV owner will be on their way within minutes.

What Are the Benefits of Battery Swapping?

• Reduced range anxiety: Electric vehicle owners no longer have to worry about running out of battery power. Almost any battery swapping station will allow them to swap their depleted battery for a fully charged one.

• Faster charging times: The process of swapping batteries is much faster than the process of charging an electric vehicle battery. Changing a battery can take only a few minutes, but charging an electric vehicle battery can take several hours.

• More convenient: The process of swapping batteries is more convenient than charging an EV battery. It is not necessary for EV owners to wait for their batteries to charge, and they may continue driving their vehicles while the battery is being replaced.

• More sustainable: EVs can be made more environmentally friendly by swapping their batteries. As a result, less energy is wasted during charging and fewer EV batteries need to be recycled.