As an important player in the global electric vehicle market, India’s battery swapping industry plays a key role in meeting the growing demand for electric vehicles.
This article will highlight the top 15 battery swapping companies in India including SUN Mobility, Battery Smart, LithionPower, VoltUp, BatteryPool , Okaya, ESmito, Revolt Motors, Charge-up, RACEnergy, Bounce Infinity, Yulu, Ola Electric, Amara Raja Power Systems, Numocity.
With the rapid development of electric mobility, these companies have become an important driving force to promote the adoption of electric vehicles, providing users with convenient battery swapping solutions.
Table of Contents
Best-list of top 15 battery swapping companies in India
The top 15 battery swapping companies in India includes:
SUN Mobility is an electric vehicle energy services company founded in 2017 that develops, manufactures and operates battery swapping charging stations for electric two-wheelers, three-wheelers and large commercial vehicles. Its innovative battery swapping technology and energy management system allow users to replace batteries in minutes, significantly improving operating efficiency and battery life.
SUN Mobility provides battery as a service (BaaS) and mobile as a service (MaaS) solutions and has more than 600 battery swapping points in India.
Its battery swapping technology solves the high upfront cost, range anxiety and battery management issues of electric vehicles by allowing users to purchase electric vehicles without fixed battery packs and subscribe to battery swapping services. SUN Mobility has a significant presence in the electric vehicle, tricycle, electric bicycle and electric rickshaw markets.
Founded in 2019, Battery Smart is committed to simplifying the use of electric vehicles, making them economical and easy to use.
Since launching its first battery swapping station in June 2020, Battery Smart has grown rapidly to become the largest battery swapping network for electric two-and three-wheelers in India.
As forbattery swap vs charging, Battery Smart’s interoperable battery swapping model, dense network, and 2-minute battery swapping time remove major barriers such as long charging times, unreliable battery life, range anxiety, and high upfront costs for electric vehicles.
Battery Smart uses a partner-led model to rapidly deploy stations using existing infrastructure by partnering with local businesses. The company envisions one battery swapping station per square kilometer, working with battery manufacturers, original equipment manufacturers, drivers and fleets through an integrated platform to build a seamless and economical EV ecosystem.
Yulu is a Bangalore-based Indian company focused on providing shared low-speed two-wheeled electric vehicle services.
The company operates 25,000 dockless shared electric vehicles in Bangalore, Mumbai, Navi Mumbai, Delhi, Gurugram and Kochi, serving more than 4 million users. Every day, Yulu’s electric vehicles support 280,000 last-mile deliveries and 10,000 commutes.
In 2022, Yulu partnered with Canadian auto parts manufacturer Magna International to launch a battery-as-a-service (BaaS) business, Yuma Energy. Yuma provides battery replacement services for Yulu passengers through its network of stations and processes 500,000 battery transactions per month.
To further expand its footprint, Yulu has strengthened its presence in the BaaS market by setting up 120 battery swapping stations in India with its partner Yuma Energy.
LithionPower is committed to providing swapping solutions for electric tricycles to meet the needs of sustainable and efficient last mile delivery.
As India’s largest battery-as-a-service operator, Lithion Power provides charging services through a network of lithium-ion swap points in Delhi and Haryana. Each swapping takes less than five minutes and is equipped with software for asset tracking and energy monitoring. The company plans to invest $1 billion to build a battery swapping ecosystem to further promote the adoption of electric vehicles.
Lithion Power partners with electric vehicle manufacturers (Oems) and battery assemblers (BPA) to produce safe and efficient lithium-ion batteries with its battery management system (BMS) that optimizes battery pack performance and life. LithionPower’s main product is 48-72V lithium-ion BMS, designed and manufactured in New Delhi, India, covering India, Singapore, the Netherlands, France and the United Kingdom, and plans to cooperate with more international companies.
The VoltUp platform is committed to changing the future of urban mobility. It creates a new ecosystem with a one-stop battery swapping service that ensures all 2 – and 3-wheeled vehicles can operate with zero downtime. Featuring transparency, accessibility and security, the volup platform provides instant smart charging solutions that are perfect for the smart cities of the future.
The platform provides battery swapping and smart charging technology for electric vehicle owners, logistics companies and original equipment manufacturers with a pay-as-you-go model.
VoltUp designs and manufactures electric vehicle batteries, battery management systems and charging stations, and plans to integrate solar technology in the future to provide more sustainable energy solutions for vehicles.
BatteryPool’s battery swapping station supports a wide range of custom lithium-ion batteries for 2 – and 3-wheeled vehicles and offers customization based on fleet size and battery specifications.
BatteryPool’s battery swapping station is accessed via an easy-to-use API that integrates with in-house fleet/operational applications. BatteryPool’s ioT hardware ensures that you are always connected to your battery, monitoring its temperature, charge, cycle times and energy consumption, and providing web and mobile access.
BatteryPool battery swapping has built-in security features, including an alarm system and real-time monitoring to detect unauthorized batteries, hardware failures, and thermal runaway.
In addition, BatteryPool offers IoT support with battery-agnostic battery swapping stations and an API-first software ecosystem that can be easily integrated into existing software environments. BatteryPool works closely with its battery manufacturing partners to provide operators with a comprehensive battery pack solution.
Okaya focuses on battery manufacturing and related energy solutions. After four decades of development since its inception in 1987, Okaya has become one of the leading brands in the Indian market. Known for its high quality and broad product line, the company offers various types of batteries, including batteries for automotive, industrial, household and other applications.
In addition to battery manufacturing, Okaya is also active in energy solutions, including the provision of charging facilities and electric vehicle solutions.
Okaya Electric Vehicle (Okaya EV) is focused on promoting zero-emission mobility and advancing sustainable mobility by providing electric vehicles, EV batteries, charging facilities and battery swapping solutions.
Esmito is one of India’s leading battery swapping companies, focusing on smart battery swappable batteries, smart BMS and vehicle ioT systems for electric two-wheelers and three-wheelers.
The company is known for integrating swappable battery technology with cloud computing software based on the Internet of Things, and is one of the leading battery swapping solution providers.
Esmito’s smart battery swapping station uses a proprietary battery swapping protocol to virtually lock down batteries and offers a battery swapping software platform that allows energy operators to monitor all business metrics in a single dashboard.
Track battery health with a cloud-based platform to ensure long battery life, providing a more cost-effective solution for end users. These smart battery swapping stations are suitable for a variety of applications for electric two-wheelers and three-wheelers.
Founded in 2019 by Rajiv Bhatia, Revolt Motors focuses on developing and marketing electric motorcycles. The company aims to transform the Indian automotive industry through innovative technologies and sustainable transportation solutions.
Their electric motorcycles are designed to be efficient, economical and environmentally friendly, reducing operating costs and carbon footprint. Products include the Revolt RV300 and Revolt RV400, which feature advanced electric technology and support for smart charging and battery swapping.
The company has established a series of motorcycle battery replacement stations where users can quickly change batteries to solve the problem of long traditional charging times. Revolt Motors is also focusing on user experience and digital services, with electric scooters equipped with smart displays and the ability to connect to a mobile phone app to remotely monitor vehicle status, find charging stations and manage trips.
ChargeUp is a startup focused on dealer networks operating 3W electric vehicle battery swapping stations that provide drivers with “battery as a service.”
Since May 2019, the company has been serving 900 customers per month at its Mayur Vihar charging centre in NCR, Delhi, and plans to expand to 50 new hubs in the region to cover 2.4 million drivers.
Currently, ChargeUp has more than 6,000 active drivers and 360 battery swapping stations.
RACE is a high-tech battery swapping company, founded in 2019 by Arun and Gautham in Hyderabad, focused on developing advanced battery swappable batteries and intelligent battery swapping networks to serve the electric vehicle sector.
The two founders have a deep background in motorsport and automotive engineering, have been manufacturing products since the age of 17, and have the technology and experience to effectively implement the technologies of the future.
Through committed research and development, RACE is building highly robust, safe and advanced battery swapping technologies that address the various challenges facing stationary battery electric vehicles.
As a strategy to enter the market, RACE energy is building a battery swapping network for electric tricycles, seeking to create demand and supply by developing conversion kits, battery packs and battery swapping stations.
The Bounce Infinity e.1 is India’s first electric scooter with the ground-breaking introduction of a battery-as-a-service (BaaS) mode that allows users to easily replace batteries on the go, replacing depleted batteries with fully charged ones in 10 seconds, and saying no to the problem of waiting in line for a charge or struggling to find a charging point.
Developed by Bounce Infinity as India’s leading e-scooter manufacturer, it features advanced features such as regenerative braking, replaceable batteries, anti-theft and GPS tracking systems. Bounce Infinity not only develops models such as the E1, E Plus and E1 LE, but also offers replaceable battery solutions for electric two-wheelers.
The company is rapidly expanding its battery exchange network with more than 110 exchange stations across India, committed to providing users with a seamless electric mobility experience.
Ola Electric is an Indian electric two-wheeler manufacturer with India’s largest two-wheeler electric vehicle manufacturing facility in Krishnagiri, Tamil Nadu, India.
Ola currently offers the Ola S1 series of electric scooters, including the Ola S1 Air, Ola S1X and S1 Pro models. In addition to launching its first electric motorcycle, Ola plans to launch more high-end electric motorcycle models later in 2024. Ola also plans to launch its first electric vehicle by the end of 2024.
In May 2024, Ola Electric filed a patent for a removable battery pack with a design showing a cylindrical structure topped with a grips, similar to other replaceable batteries. This removable battery can be replaced with a fully charged battery in a matter of minutes, effectively reducing downtime for Ola’s electric vehicles, including motorcycles, cars, tricycles and e-bikes.
Amara Raja Power Systems Limited (ARPSL) is one of India’s largest manufacturers of power control equipment and is part of a $400 million conglomerate. As an ISO 9001 certified company, it is known for reliable and efficient power electronics and provides excellent value to consumers.
As part of the Amara Raja Group, Amara Raja Power Systems offers battery swapping services for two- and three-wheel electric vehicles in less than 2 minutes. Their swap station is equipped with a touch screen, RFID authentication and digital payment system, making it easy to operate.
These battery swapping stations are available in a variety of variants, including 20, 12, 8 and 4 channels, with battery slots fitted with rollers for easy battery access. The battery swapping stations support battery capacity ratings from 1.5 KWH to 3 KWH and offer charging rates from 0.5 to 2 C. Suitable for outdoor and indoor operating environments.
Founded in 2018, Numocity is a Bangalore-based startup focused on the global e-mobility market and has accumulated a wealth of experience in solutions.
Numocity’s digital technology platform is designed to provide flexible and scalable solutions for the emerging electric vehicle industry, covering a comprehensive end-to-end digital technology solution for electric vehicle charging, battery swapping and smart grid integration.
As India’s leading digital platform for electric vehicle charging solutions, Numocity offers smart charging solutions for two-wheelers, three-wheelers, sedans and light commercial vehicles. Numocity’s EV charging ecosystem’s comprehensive cloud-based software suite makes it easy for users to find and access charging stations, compare charging costs, and track EV assets.
To wrap up
With the continued investment and innovation of the Indian government and private companies in the field of electric mobility, India’s battery swapping industry is in a booming phase.
The top 15 battery swapping companies in India are not only playing a key role in driving the sustainability of electric mobility, they are also laying a solid foundation for the future of the Indian automotive market.
As technology continues to advance and market demand grows, we can expect to see more innovation and expansion to provide EV users with more convenient and diverse charging options.
Tess
Hi! I am a senior writer in the two-three-wheeler battery swapping industry, with many years of writing experience, committed to providing the ultimate knowledge, services and a complete set of battery swapping solutions for various industries.
Top 15 battery swapping companies in India
As an important player in the global electric vehicle market, India’s battery swapping industry plays a key role in meeting the growing demand for electric vehicles.
This article will highlight the top 15 battery swapping companies in India including SUN Mobility, Battery Smart, LithionPower, VoltUp, BatteryPool , Okaya, ESmito, Revolt Motors, Charge-up, RACEnergy, Bounce Infinity, Yulu, Ola Electric, Amara Raja Power Systems, Numocity.
You can also check top 10 battery swapping station manufacturers in China; top 10 swap charging station companies to know more information.
With the rapid development of electric mobility, these companies have become an important driving force to promote the adoption of electric vehicles, providing users with convenient battery swapping solutions.
Best-list of top 15 battery swapping companies in India
The top 15 battery swapping companies in India includes:
SUN Mobility
SUN Mobility is an electric vehicle energy services company founded in 2017 that develops, manufactures and operates battery swapping charging stations for electric two-wheelers, three-wheelers and large commercial vehicles. Its innovative battery swapping technology and energy management system allow users to replace batteries in minutes, significantly improving operating efficiency and battery life.
SUN Mobility provides battery as a service (BaaS) and mobile as a service (MaaS) solutions and has more than 600 battery swapping points in India.
Its battery swapping technology solves the high upfront cost, range anxiety and battery management issues of electric vehicles by allowing users to purchase electric vehicles without fixed battery packs and subscribe to battery swapping services. SUN Mobility has a significant presence in the electric vehicle, tricycle, electric bicycle and electric rickshaw markets.
Battery Smart
Founded in 2019, Battery Smart is committed to simplifying the use of electric vehicles, making them economical and easy to use.
Since launching its first battery swapping station in June 2020, Battery Smart has grown rapidly to become the largest battery swapping network for electric two-and three-wheelers in India.
As for battery swap vs charging, Battery Smart’s interoperable battery swapping model, dense network, and 2-minute battery swapping time remove major barriers such as long charging times, unreliable battery life, range anxiety, and high upfront costs for electric vehicles.
Battery Smart uses a partner-led model to rapidly deploy stations using existing infrastructure by partnering with local businesses. The company envisions one battery swapping station per square kilometer, working with battery manufacturers, original equipment manufacturers, drivers and fleets through an integrated platform to build a seamless and economical EV ecosystem.
Yulu
Yulu is a Bangalore-based Indian company focused on providing shared low-speed two-wheeled electric vehicle services.
The company operates 25,000 dockless shared electric vehicles in Bangalore, Mumbai, Navi Mumbai, Delhi, Gurugram and Kochi, serving more than 4 million users. Every day, Yulu’s electric vehicles support 280,000 last-mile deliveries and 10,000 commutes.
In 2022, Yulu partnered with Canadian auto parts manufacturer Magna International to launch a battery-as-a-service (BaaS) business, Yuma Energy. Yuma provides battery replacement services for Yulu passengers through its network of stations and processes 500,000 battery transactions per month.
To further expand its footprint, Yulu has strengthened its presence in the BaaS market by setting up 120 battery swapping stations in India with its partner Yuma Energy.
LithionPower
LithionPower is committed to providing swapping solutions for electric tricycles to meet the needs of sustainable and efficient last mile delivery.
As India’s largest battery-as-a-service operator, Lithion Power provides charging services through a network of lithium-ion swap points in Delhi and Haryana. Each swapping takes less than five minutes and is equipped with software for asset tracking and energy monitoring. The company plans to invest $1 billion to build a battery swapping ecosystem to further promote the adoption of electric vehicles.
Lithion Power partners with electric vehicle manufacturers (Oems) and battery assemblers (BPA) to produce safe and efficient lithium-ion batteries with its battery management system (BMS) that optimizes battery pack performance and life. LithionPower’s main product is 48-72V lithium-ion BMS, designed and manufactured in New Delhi, India, covering India, Singapore, the Netherlands, France and the United Kingdom, and plans to cooperate with more international companies.
VoltUp
The VoltUp platform is committed to changing the future of urban mobility. It creates a new ecosystem with a one-stop battery swapping service that ensures all 2 – and 3-wheeled vehicles can operate with zero downtime. Featuring transparency, accessibility and security, the volup platform provides instant smart charging solutions that are perfect for the smart cities of the future.
The platform provides battery swapping and smart charging technology for electric vehicle owners, logistics companies and original equipment manufacturers with a pay-as-you-go model.
VoltUp designs and manufactures electric vehicle batteries, battery management systems and charging stations, and plans to integrate solar technology in the future to provide more sustainable energy solutions for vehicles.
BatteryPool
BatteryPool’s battery swapping station supports a wide range of custom lithium-ion batteries for 2 – and 3-wheeled vehicles and offers customization based on fleet size and battery specifications.
BatteryPool’s battery swapping station is accessed via an easy-to-use API that integrates with in-house fleet/operational applications. BatteryPool’s ioT hardware ensures that you are always connected to your battery, monitoring its temperature, charge, cycle times and energy consumption, and providing web and mobile access.
BatteryPool battery swapping has built-in security features, including an alarm system and real-time monitoring to detect unauthorized batteries, hardware failures, and thermal runaway.
In addition, BatteryPool offers IoT support with battery-agnostic battery swapping stations and an API-first software ecosystem that can be easily integrated into existing software environments. BatteryPool works closely with its battery manufacturing partners to provide operators with a comprehensive battery pack solution.
Okaya
Okaya focuses on battery manufacturing and related energy solutions. After four decades of development since its inception in 1987, Okaya has become one of the leading brands in the Indian market. Known for its high quality and broad product line, the company offers various types of batteries, including batteries for automotive, industrial, household and other applications.
In addition to battery manufacturing, Okaya is also active in energy solutions, including the provision of charging facilities and electric vehicle solutions.
Okaya Electric Vehicle (Okaya EV) is focused on promoting zero-emission mobility and advancing sustainable mobility by providing electric vehicles, EV batteries, charging facilities and battery swapping solutions.
ESmito
Esmito is one of India’s leading battery swapping companies, focusing on smart battery swappable batteries, smart BMS and vehicle ioT systems for electric two-wheelers and three-wheelers.
The company is known for integrating swappable battery technology with cloud computing software based on the Internet of Things, and is one of the leading battery swapping solution providers.
Esmito’s smart battery swapping station uses a proprietary battery swapping protocol to virtually lock down batteries and offers a battery swapping software platform that allows energy operators to monitor all business metrics in a single dashboard.
Track battery health with a cloud-based platform to ensure long battery life, providing a more cost-effective solution for end users. These smart battery swapping stations are suitable for a variety of applications for electric two-wheelers and three-wheelers.
Revolt Motors
Founded in 2019 by Rajiv Bhatia, Revolt Motors focuses on developing and marketing electric motorcycles. The company aims to transform the Indian automotive industry through innovative technologies and sustainable transportation solutions.
Their electric motorcycles are designed to be efficient, economical and environmentally friendly, reducing operating costs and carbon footprint. Products include the Revolt RV300 and Revolt RV400, which feature advanced electric technology and support for smart charging and battery swapping.
The company has established a series of motorcycle battery replacement stations where users can quickly change batteries to solve the problem of long traditional charging times. Revolt Motors is also focusing on user experience and digital services, with electric scooters equipped with smart displays and the ability to connect to a mobile phone app to remotely monitor vehicle status, find charging stations and manage trips.
ChargeUp
ChargeUp is a startup focused on dealer networks operating 3W electric vehicle battery swapping stations that provide drivers with “battery as a service.”
Since May 2019, the company has been serving 900 customers per month at its Mayur Vihar charging centre in NCR, Delhi, and plans to expand to 50 new hubs in the region to cover 2.4 million drivers.
Currently, ChargeUp has more than 6,000 active drivers and 360 battery swapping stations.
RACE energy
RACE is a high-tech battery swapping company, founded in 2019 by Arun and Gautham in Hyderabad, focused on developing advanced battery swappable batteries and intelligent battery swapping networks to serve the electric vehicle sector.
The two founders have a deep background in motorsport and automotive engineering, have been manufacturing products since the age of 17, and have the technology and experience to effectively implement the technologies of the future.
Through committed research and development, RACE is building highly robust, safe and advanced battery swapping technologies that address the various challenges facing stationary battery electric vehicles.
As a strategy to enter the market, RACE energy is building a battery swapping network for electric tricycles, seeking to create demand and supply by developing conversion kits, battery packs and battery swapping stations.
Bounce Infinity
The Bounce Infinity e.1 is India’s first electric scooter with the ground-breaking introduction of a battery-as-a-service (BaaS) mode that allows users to easily replace batteries on the go, replacing depleted batteries with fully charged ones in 10 seconds, and saying no to the problem of waiting in line for a charge or struggling to find a charging point.
Developed by Bounce Infinity as India’s leading e-scooter manufacturer, it features advanced features such as regenerative braking, replaceable batteries, anti-theft and GPS tracking systems. Bounce Infinity not only develops models such as the E1, E Plus and E1 LE, but also offers replaceable battery solutions for electric two-wheelers.
The company is rapidly expanding its battery exchange network with more than 110 exchange stations across India, committed to providing users with a seamless electric mobility experience.
Ola Electric
Ola Electric is an Indian electric two-wheeler manufacturer with India’s largest two-wheeler electric vehicle manufacturing facility in Krishnagiri, Tamil Nadu, India.
Ola currently offers the Ola S1 series of electric scooters, including the Ola S1 Air, Ola S1X and S1 Pro models. In addition to launching its first electric motorcycle, Ola plans to launch more high-end electric motorcycle models later in 2024. Ola also plans to launch its first electric vehicle by the end of 2024.
In May 2024, Ola Electric filed a patent for a removable battery pack with a design showing a cylindrical structure topped with a grips, similar to other replaceable batteries. This removable battery can be replaced with a fully charged battery in a matter of minutes, effectively reducing downtime for Ola’s electric vehicles, including motorcycles, cars, tricycles and e-bikes.
Amara Raja Power Systems
Amara Raja Power Systems Limited (ARPSL) is one of India’s largest manufacturers of power control equipment and is part of a $400 million conglomerate. As an ISO 9001 certified company, it is known for reliable and efficient power electronics and provides excellent value to consumers.
As part of the Amara Raja Group, Amara Raja Power Systems offers battery swapping services for two- and three-wheel electric vehicles in less than 2 minutes. Their swap station is equipped with a touch screen, RFID authentication and digital payment system, making it easy to operate.
These battery swapping stations are available in a variety of variants, including 20, 12, 8 and 4 channels, with battery slots fitted with rollers for easy battery access. The battery swapping stations support battery capacity ratings from 1.5 KWH to 3 KWH and offer charging rates from 0.5 to 2 C. Suitable for outdoor and indoor operating environments.
Numocity
Founded in 2018, Numocity is a Bangalore-based startup focused on the global e-mobility market and has accumulated a wealth of experience in solutions.
Numocity’s digital technology platform is designed to provide flexible and scalable solutions for the emerging electric vehicle industry, covering a comprehensive end-to-end digital technology solution for electric vehicle charging, battery swapping and smart grid integration.
As India’s leading digital platform for electric vehicle charging solutions, Numocity offers smart charging solutions for two-wheelers, three-wheelers, sedans and light commercial vehicles. Numocity’s EV charging ecosystem’s comprehensive cloud-based software suite makes it easy for users to find and access charging stations, compare charging costs, and track EV assets.
To wrap up
With the continued investment and innovation of the Indian government and private companies in the field of electric mobility, India’s battery swapping industry is in a booming phase.
The top 15 battery swapping companies in India are not only playing a key role in driving the sustainability of electric mobility, they are also laying a solid foundation for the future of the Indian automotive market.
As technology continues to advance and market demand grows, we can expect to see more innovation and expansion to provide EV users with more convenient and diverse charging options.