Rapido co-founder Aravind Sanka confirmed the development and said "RACEnergy’s battery-swapping technology and energy-dense batteries will help us make electric transport available for the masses. We see this partnership benefitting both parties, this is a welcome addition to our fleet, with e-vehicles steadily making their grounds in the Indian market, we are always game to embrace the future”.
Along with Ola and Uber users in the state of Assam, the Bengaluru-based ride-hailing app, which is at odds with regulators, recently withdrew services from Maharashtra as a result of a high court decision. Additionally, more than 16,000 bike riders in Guwahati also stopped using the service due to payment issues.
Despite these issues, Rapido has made significant strides in the urban e-mobility market, and its cooperation with RACEnergy will represent its first foray into the market for swappable e-rickshaws.
One of the first businesses in India to obtain the AIS 156 safety certification for its interchangeable battery packs is RACEnergy. This meets the highest allowable global safety requirements for EV batteries and has been certified by the Automotive Research Association of India (ARAI).
Arun Sreyas, Co-founder and CEO of, RACEnergy sharing the tie-up announcement said that as the firm joins hands with Rapido, it will enable RACEnergy to "expand our network to multiple cities and onboard a greater number of e-Auto drivers. As a result, we anticipate higher battery utilization and circulation”.
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