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Gogoro’s First Impact Report Is Out; highlights benefits of battery swap
- by Bhushan Mhapralkar
- February 20, 2023
As India pursues a goal to drastically reduce greenhouse gases through efforts like a shift to zero carbon emission vehicles that also lead to the elimination of dependence on imported fuels, even imported battery cells, the first impact report of Taiwan-based Gogoro is out. It outlines some very interesting and important factors on battery electric two-wheelers and battery swapping technology, stopping short of how green electricity could be harness over a grey source to ensure a greener well to wheel journey.
Highlighting Gogoro's progress in sustainability and ESG, the first impact report categorically outlines how its swapping and smart scooters have been successful in enabling a transformation to sustainable urban transportation. The company's Founder and CEO Horace Luke mentions that ten years ago few were contemplating the urban energy and transportation transformation necessary to address in the wake of the plight cities were facing because of air pollution and other negative effects of climate change. Our first impact report highlights this and the progress we have made in our ESG initiatives, in-turn outlining our future intentions, he adds.
Drawing attention how the report summarises his company’s commitments and progress in four key strategic areas of cleaner planet, safety and resilience, responsible business and social impact, Luke avers that these four areas are key to our success in achieving smarter, cleaner and safer cities.
With nearly two million customers and 400 million battery swaps to date, Gogoro has established an open 360-degree ecosystem, which is AI-powered and cloud-connected to deliver the most accessible urban energy solution. The system is constantly learning, adjusting and optimising smart batteries and swapping stations to enable a variety of smart city solutions.
Stating how the battery swap technology and smart scooters have made a positive impact with the help of key statistical data in terms of fossil fuel consumption reduction, CO2 emissions reduction, particulate emission reduction and employment generation, the first impact report also highlights how cities in Asia and Africa, where two-wheelers are used for daily commutes, are benefitting. With the battery swapping system paid particular attention to because it allows users to refuel their electric scooters quickly and easily, the first impact report states that the system or technology creates the potential to integrate renewable power into electricity grids through virtual power plants and demand response programmes.
In 2022, Gogoro began purchasing renewable energy in Taiwan to further reduce the amount of scope 2 emissions caused by its manufacturing, retail operations and battery swapping service, according to the first impact report. With a long-term goal of achieving 100 percent renewable energy, in 2022, it achieved 40 percent renewable energy in its factory operations and at two retail stores.
Gogoro And Hero Group
Hero MotoCorp, which began deliveries of its first Vida V1 electric scooter in select cities in India starting with Bengaluru, announced in 2021 that it has entered into a strategic partnership with Gogoro to establish a battery swapping JV that will bring the Taiwanese company's industry leading battery swapping platform to the Indian market. The Indian two-wheeler major also announced that the two companies will collaborate to build electric two-wheelers in India that are branded as Hero and powered by Gogoro network.
Drawing attention to Gogoro's hyper-efficient battery swapping network receiving the 2020 Frost & Sullivan Company of the Year award for the Global Swappable Battery Electric Scooter Market, sources aware of the development mentioned that Hero MotoCorp would benefit from Gogoro's knowledge and experience to drive a beneficial arrangement in the electric two-wheeler market that is also being encouraged by the government. Citing that there are hurdles like an electric two-wheeler attracting 5 percent GST and a battery attracting 18 percent GST, they added that these are being followed up on and would soon hopefully be sorted.
Encouraging battery swap with a favourable policy structure
While Gogoro may be keen to carve out a good pie of the Indian market with its intelligent battery swapping technology, India's homegrown company, Sun Mobility, may not be any less in its ability to deliver on the same front. At Auto Expo 2023, it showcased an AI enabled smart battery swapping system and smart battery packs in line with the government's encouragement to develop an efficient EV ecosystem and bring about a shift to lower the CO2 emissions that Indian cities seem to battle with. Cities like Mumbai, which have until now not figured among the top polluted cities in the world, seem to be getting there with high particulate, NOx and CO2 emissions.
While the high amount of construction activity and a change in wind currents may be the contributing factor, the fact that the number of two-wheelers in the megacity have risen in the last one or two decades is an indication that a transition to EVs will contribute to lowering of emission levels to an extent. An ability to generate electricity needed to fuel these many numbers of electric two-wheelers would also need to come from a greener source rather than from lignite burning thermal plants that would mean a mere shift of pollution from cities to rural areas where most thermal plants are.
Gogoro partnership with Maharashtra Government
The Indian State of Maharashtra announced a strategic energy partnership with Gogoro Inc. and Belrise Industries (erstwhile known as Badve Engineering Ltd) to establish an unprecedented battery-swapping infrastructure in January 2023. The two companies in association to the respective state government plan to build a smart energy infrastructure that is open and accessible and establishes battery swapping and smart battery stations as a leading source for mobility and energy storage. The deployment is also expected to accelerate job growth throughout the smart energy, electric vehicle and sustainability value chain. It is expected to foster smart electric vehicle manufacturing and assembly too.
- Montra Electric
- Tube Investment of India
- TII
- Murugappa Group
- electric vehicle
- electric Small Commercial Vehicle
- e-SCV
- Vellayan Subbiah
- TIVOLT Electric Vehicles
- TI Clean Mobility
Murugappa Group’s TIVOLT Electric Vehicles set to launch e SCV under Montra Electric brand
- by MT Bureau
- May 13, 2024
TIVOLT Electric Vehicles, part of Murugappa Group and a subsidiary of TI Clean Mobility, is gearing up to launch an e-Small Commercial Vehicle (e-SCV).
Once launched, the vehicle is expected to bring about a significant change in India's mid-mile and last-mile mobility sectors, thanks to its cutting edge technology, distinctive design, strong performance, and durable build quality. The company says the development of the e- SCV will be a culmination of extensive research and rigorous testing.
Founded in February 2022 as a subsidiary of Tube Investments of India (TI), TICMPL is foussing on clean mobility solutions. With the inclusion of e-SCVs as its fourth EV platform, TICMPL is now positioned to offer complete mobility solutions to enterprises and logistics companies, serving their needs across intercity, intracity, and last-mile applications.
Vellayan Subbiah, Executive Vice Chairman, TII said “Montra Electric represents our commitment to enhancing life through eco-friendly mobility solutions, ushering in a new era of growth and innovation for us. The electric vehicle industry is experiencing an exciting phase of development, not only in India but globally as well. We have dedicated our top resources and time to develop this product, and we are looking forward to the customer response upon its launch in the coming months. At Montra Electric, our goal is to offer products and solutions that are beneficial for both our customers and our business, ensuring practicality and sustainability.”
He further stated that India is poised to lead the global adoption of electric vehicles, second only to China.
“TICMPL is making impressive strides in the electric vehicle sector with a substantial commitment of INR 3,000 crore. Currently, we are developing four platforms, including the successful MHCV truck and electric three-wheeler already in the market. What excites me the most is our upcoming Small Commercial Vehicle (SCV) platform. SCV represents the largest category in the commercial vehicle segment, making our entry into this arena particularly thrilling. This segment is primed to adopt EVs swiftly, supported by policies, government initiatives, and increasing adoption rates. Our dedication to becoming the foremost player in this segment in India is unwavering. The TIVOLT e-SCV is poised to be a standout product, a definite winner in the market,” concluded Vellayan Subbiah.
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Add Comment- Mahindra Last Mile Mobility
Mahindra Last Mile Mobility Sets Up Three-Wheeler EV Charging Stations In Mumbai Suburbs
- by MT News
- February 22, 2023
Mahindra Last Mile Mobility (LMM), a division of the Mahindra & Mahindra Group, has set up several charging stations near autorickshaw stands, auto driver home clusters and junctions. LMM has done this through strategic charging vendors. The division has done so to boost EV penetration in Mumbai and its suburbs.
Chargers have also been installed at Mahindra outlets and Mahindra Mitra Technician spots wherein customers can charge their three-wheelers. The charging points have been positioned in strategic locations like Malad, Kandivali, Mira Road, Navi Mumbai, Vasai, Virar, Andheri and so on. This is an ongoing process and the Mahindra team, along with key stakeholders, has identified additional charging spots in and around Mumbai and with due approvals, will commence work. The auto driver partners, too, have been notified of these additional charging points.
In addition to this, more than 60 mechanics have been trained by LMM’s service personnel to handle Mahindra three-wheeler EVs.
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Six robust DC fast EV charging stations have been installed at Terminal 1 and Terminal 2 of Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA). They are available for service as Public Charging Stations (PCS) for passengers as well as guests visiting the airport.
The EV station at Terminal 1 is at P1 - Multi-level Car Parking (MLCP). At Terminal 2, it is at P5 – MLCP. There is another station at the Airside of Terminal 2 as well. The owners of private EVs and commuters who will avail of the charging stations at MLCP in either terminals will be billed only for the charging sessions. They will be given a deduction against the parking fees.
Adhering to all the requirements, policies and protocols outlined by the regulators, the charging stations at either terminal of CSMIA are of the CCS Type II Dual Gun 60 kW and GB/T (DC 001) Dual Gun 40 kW Charger type and compatible with all the prevailing EV cars in the country. There would be augmentation of 60 kW and 240 kW capacity EV chargers to cater to the needs of Airside logistics.
CSMIA runs on 100 percent renewable energy with its onsite solar power plant, Vertical Axis Wind Turbine (VAWT) and procures green power. For EV charging, the airport will source 100 percent green power, according to sources in the know of the development.
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Add Comment- BluSmart
- Mahendra Singh Dhoni
- MS Dhoni
- Cricket
- Sumant Sinha
- Sameer Tirkar
- responsAbility Investments
- Punit Goyal
BluSmart raises INR 2 billion in pre-Series B Round
- by MT Bureau
- July 15, 2024
BluSmart, a leading electric vehicle cab service and EV charging infrastructure network company, has raised $24 million (INR 2 billion) in pre-Series B funding round.
The company saw investment from responsAbility Investments (a leading impact asset manager); Sumant Sinha (a leading player in the Renewable Energy sector); MS Dhoni Family Office (former Indian cricket team captain); existing investors and BluSmart founders.
The funding the company says will be deployed to expand its operations in India, as well as grow its EV charging infrastructure and assets.
Interestingly, the company claims it has grown its fleet of 70 electric vehicles in January 2019 to 7,500 EVs plying across Delhi NCR and Bengaluru. Its EVs have clocked over half a billion (500+ million) electric kms and delivered over 16 million electric trips saving nearly 40 million kgs of CO2 emissions since launch. The company has over 9,800 driver partners and also operates one of the largest EV charging infrastructure with 50 EV Charging Hubs spread across 2 million sqft.
BluSmart states it recently crossed INR 5.5 billion ARR ($65 million Annual Revenue Run-rate).
Punit Goyal, Co-Founder, BluSmart said, “BluSmart is building an integrated energy-infrastructure, mobility and technology company to take the full advantage of the EV revolution. Our latest fundraise of $24 million is an important step in our journey to scale the e-mobility fleet and EV Charging Infrastructure.”
Sameer Tirkar, Head of Climate Infrastructure Investments APAC at responsAbility Investments AG said, “We are happy to continue our partnership with BluSmart through our second round of funding. BluSmart has been able to lead the way in building from the grounds up an entire EV ecosystem to disrupt the conventional modes of commute without compromising on reliability and convenience. We believe in their vision and capabilities in creating positive environmental and social impact by reducing carbon emissions in urban transportation.”
Sumant Sinha said, “The future of mobility is electric, and e-mobility is a crucial step in making the shift to cleaner, emissions-free transportation. India’s growing economy and favourable policies provide ample impetus to this transition. I am excited to partner with BluSmart in their growth journey.”
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