ElectroRide has teamed up with Battery Smart, the country’s largest battery-swapping network for light electric vehicles. The partnership aims to establish battery-swapping stations at 2,500 locations across India over the next five years. Additionally, ElectroRide is set to expand its portfolio to include four-wheeler electric vehicles.
The collaboration between ElectroRide and Battery Smart will initially see the installation of 50 swap stations at ElectroRide locations across Delhi and Uttar Pradesh. Subsequent phases will extend the network to other regions, though specific locations have yet to be disclosed.
This initiative aligns with Battery Smart’s goal to ensure that EV users have access to swap stations within a 1 km radius with zero wait time. The expanded network is expected to support the 30,000 vehicles ElectroRide plans to deploy, enhancing accessibility and range for users.
ElectroRide, a subsidiary of Goenka Green, offers a range of e-mobility products, including bicycles, bikes, scooters, and three-wheelers. Recently, ElectroRide announced plans to expand into the four-wheeler segment and aims to quadruple its growth by the financial year 2026. It remains unclear whether these new electric cars will incorporate battery-swapping technology.
Battery Smart has rapidly scaled its operations, boasting 1,000 stations across 30 Indian cities and completing over 35 million battery swaps. The company’s Battery-as-a-Service (BaaS) model allows EV users to swap depleted batteries for fully charged ones in about two minutes.
“We are excited to partner with ElectroRide as they continue strengthening India’s EV infrastructure. With the growing adoption and acceptance of electric vehicles nationwide, it is crucial to expand access to battery-swapping stations. This will enable two- and three-wheeler EV users to benefit from the convenience, cost-effectiveness, and efficiency that battery swapping offers,” said Nishant Garg, Senior Director of Expansion at Battery Smart.
Battery swapping offers significant economic and environmental benefits. It simplifies battery maintenance and monitoring, allows for efficient data collection, and ensures batteries are properly recycled at the end of their lifecycle. This process also helps reduce the environmental impact of toxic battery chemicals and supports the circular economy by reusing battery raw materials.
India has seen a surge in battery-swapping initiatives, with international companies like Germany’s Swabee and Taiwan’s Gogoro entering the market. Gogoro’s network supports nearly 600,000 riders and includes over 1.3 million batteries in circulation at 12,000 swap stations across multiple countries, including India. Domestic companies such as Hero and Electric Sun are also active in this space.
ElectroRide’s move into the four-wheeler market follows early advancements in battery swapping for buses, exemplified by Ashok Leyland’s introduction of its first electric bus with battery swap in 2018.
