Rapido has teamed up with IndoFast Energy, a collaboration between IndianOil and SUN Mobility, to introduce 10,000 Piaggio electric vehicles (EVs) equipped with swappable batteries throughout India.
Rapido intends to integrate these swappable electric autos into its fleet to encourage sustainable mobility and use them for a portion of its daily ride operations.
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IndoFast Energy's project includes the installation of 100 battery swapping stations in Hyderabad and over 200 stations in Bangalore by December 2024.
About Rapido
Arvind Sanka, Pavan G, and Rishikesh SR founded Rapido in 2015. The company's zero-commission SaaS model, cash-back offers, and investment in IPL seem to be yielding positive results.
About IndoFast Energy
IndoFast Energy is a newly formed 50:50 joint venture between India’s largest energy retailer, IndianOil, and the nation’s leader in Battery Swapping for electric vehicles, SUN Mobility.
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