Software platform of Numocity links EV owners with vendors, suppliers to make battery charging as easy as pumping fuel.
It’s a model suited to a market like India where electric vehicles are mostly two-wheelers and auto rickshaws, whose batteries are easier to handle than those of larger vehicles. This enables manual swapping of batteries, which is more convenient than finding a charging point and then waiting for the vehicle to get charged.
It creates a pay-per-use model. EV owners need not own the batteries; they just pay for the energy used. Energy operators, auto companies or battery makers can offer the service. Operators will own the batteries, charge and lease them out to vehicle owners, exchanging depleted batteries for charged ones. An added advantage is this reduces the upfront cost of an electric vehicle. The battery accounts for 30-40% of an EV’s cost.
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