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Essel Infraprojects Ltd launches its Electric Vehicle Charging and Battery Swapping Infrastructure initiative under Essel Green Mobility Limited in Uttar Pradesh

Aug 02, 2018

Fulfilling its commitment towards job creation in the state and providing the last mile connectivity, Essel Infraprojects Ltd, an enterprise of Shri Subhash Chandra led Essel Group, has launched its Electric Vehicle Charging and Battery Swapping Infrastructure initiative under Essel Green Mobility Limited in Lucknow.
Under the project, EIL is going to invest Rs 1750 crore in phased manner with the launch of 250 charging stations, 1000 battery swapping stations in 20 cities of UP.


The announcement was made during the foundation stone laying ceremony by Hon'ble Prime Minister Narendra Modi in Lucknow. EIL's electric vehicle launch was among different industrial projects announced in the state capital.


EIL project will kick-start the EV Ecosystem in effective manner as EIL will also invest in simultaneous deployment of 25000 e rickshaws which will generate 50,000 jobs in the state.


It will reduce the cost of battery charging and would help to bring at par with CNG or any other alternative fuel.


Through this Project, the company aims to improve driver's living standard by raising their income.


Also, it will provide Battery Swapping options at every 2 sq. kms which will be supported by digital APP to enable drivers locate the nearby swapping station. The battery can be swapped in 2-3 minutes increasing vehicle productivity for plying.


Comparative Chart for Different Rickshaw operating models:

Transportation Mode

CNG Rickshaw

E-Rickshaw

Essel Green Mobility – E-Rickshaw

Total Daily Earning

Total Earning – Approximately INR. 1000 (10 hours shift)

Total Earning – Approximately INR. 900 (10 hours shift)

Total Earning – Approximately INR. 1000 (10 hours shift)

Vehicle Cost

(-) Rent – INR. 350

(-) Rent – INR. 350

(-) Rent (maintenance included) – INR. 150

CNG /Battery Charging Cost for 50 kms

(-) CNG – INR. 100

(-) Mostly domestically charged (cost included in the monthly electric bills and most importantly lacks safety standard and life of battery. Approx Rs. 50 as Electricity bill.

(-) Battery Charging Cost – INR.100 (all safety standard are followed with hassle free services and long life of Batteries)

Maintenance Cost

(-) Maintenance – INR. 50

(-) High Battery Maintenance – INR. 50

NIL-included in Shift Rental

Time and service

30 minutes to 1 hours and may be more thus the qualitative productive time spent in CNG refilling

4 to 5 hours – productive time spent on battery charging.

Battery Swapping Service in 2 minutes and at every 2 sq. kilometres

Repair and Battery Cost Implications

Major break down of vehicle and CNG kit

Change of battery after every year

Company to bear the vehicle maintenance and battery cost

Total Daily Savings

INR. 500

INR. 450-500  (along with yearly fixed expenditure major breakdowns and battery change)

INR. 750 (no further cost on any breakdown or battery change)

 

The operations will start from Ghaziabad and would cover other cities like Lucknow, Kanpur, Agra, Noida, Meerut, Varanasi, Gorakhpur, Allahabad etc.

 
The project will revolutionise the electric vehicle industry in the country, especially the e-rickshaw segment as the drivers would not need to own vehicles or batteries and they can start their business without much investment and without any complicated documentation or collaterals.


Speaking on the occasion, Shri Subhash Chandra, Chairman, Essel Group said “With the launch of this initiative, we have enhanced our association with the state and look forward to doing our bit in the government's vision of clean mobility. The launch of EVs in holistic manner will augment the state's transport infrastructure and also create job opportunities.”


By 2030, government's ambitious National Electric Mobility Mission Plan envisages achieving 6-7 million sales of hybrid and electric vehicles. EIL's investment in EV in UP is a step in this direction.


Report By: Gopal Gupta
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