Greaves Cotton Enters Battery Swapping: Signed Partnership With Indofast

Greaves Electric Mobility Limited (GEML), the electric mobility division of Greaves Cotton Limited (GCL), has entered into a partnership with Indofast Energy. Indofast Energy is a joint venture between Indian Oil and SUN Mobility, designed to enhance last-mile transportation for B2B fleets and ride-sharing services. The aim is to provide innovative, efficient, and customized e-2W and energy solutions that address the evolving needs of the industry.

Battery Swapping Technology

This collaboration introduces the Ampere ‘Magnus SW.S,’ which is powered by Indofast Energy’s advanced battery-swapping technology. Specifically designed for gig economy riders who cover more than 100 km daily, this solution reduces downtime by enabling quick and efficient battery swaps. Leveraging Indofast Energy’s expanding battery-swapping network, customers can replace depleted batteries with fully charged ones, leading to reduced operational costs and increased efficiency.

The partnership aligns with Greaves’ core values of ‘Empowering Lives’ and ‘Democratizing Smart and Sustainable Mobility.’ It also supports Indofast Energy’s vision of making battery swapping the default mode of charging for all commuters, revolutionizing the way electric vehicles are powered.

Management Take on Partnership

Speaking about the collaboration, Mr Arun Srivastava, Head of B2B Business at Greaves Electric Mobility, said: “Our partnership with Indofast Energy represents a step forward in addressing the evolving needs of the mobility sector. By integrating advanced battery-swapping technology with the Magnus platform, we are aiming to enable quick, efficient, and sustainable operations for businesses and gig economy partners.”

Rajat Malhan, Senior Vice President of Indofast Energy, said, “Indofast Energy remains committed to delivering technologically advanced, convenient, and sustainable solutions to drive green mobility in India. Ampere Magnus SW.S is a fantastic addition to our suite of offerings especially for commercial applications. This vehicle will be available not only for fleets but also for driver cum gig operators through Ampere’s network. We are looking to deploy 50,000+ vehicles in the next year via our fleet partners and driver-owners. Together, we are not just enabling efficient and eco-friendly last-mile connectivity but also empowering businesses and gig workers with smarter, cost-effective mobility solutions.”

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