Cygni, an EV manufacturing company, too is doing its bit in keeping up with the pledge made by our PM. The firm is encouraging its employees to go for Electric Vehicles and is sweetening the deal with many offers. Venkat Rajaraman, CEO and Founder, Cygni says, “We have always been ahead of the technology adoption curve and we believe that we would continue to be the early adopters of such breakthrough technologies.
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The battery swapping as a service or battery energy operator is typically compared to the gas cylinder service in India or to the service provided by mobile operators. The mobile handset (EV) is different from the mobile service provider (Battery as a Service) and the same model might work in the case of battery swapping for EV.
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Cygni Energy CEO Mr. Venkat Rajaraman views on Battery swapping. Thank you Economic Times for carrying this opinion piece on “To swap or not to swap: What’s best for electric vehicles”.

Battery swapping is a method in which a depleted battery is replaced with a fully charged one. Battery swapping is a potential solution to range anxiety, reduced vehicle cost and efficient charging arrangement. This also addresses the recurring CapEx challenge of buying new battery packs and the economic viability of operating Electric Vehicles. Battery swapping provides a quick recharge alternative to EV drivers in the last mile delivery (LMD) space. With swapping, the battery packs can become smaller and the average subsidy per vehicle will become lower implying more vehicle support within the FAME-II budget. The battery swapping model uses battery leasing service which separates the ownership of the

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Read here: Economics Times

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