RACEnergy, a deep-tech electric vehicle infrastructure company for battery swapping, inaugurated its 10,000 sq ft battery production facility today. Equipped with a 50 MWh battery production plant, it can manufacture 30,000 batteries per annum.
Arun Sreyas, Co-Founder, RACEnergy, said, “After years of thorough research and successful pilots, we are now ready to scale up our operations in the two and three-wheeler segments and other niche segments. With 500 swaps on our network daily, our facility will empower us to efficiently address the rising demand and expand our market presence globally.”
Mobility Outlook was the first to report that the start-up was working on this facility. This milestone aligns with RACEnergy's goal of targeting 80,000 two and three-wheelers by 2025, representing a significant step towards their target of having 250,000 swappable batteries in circulation in the same timeframe.
Gautham Maheswaran, Co-Founder, RACEnergy, highlighted the facility's potential to strengthen the company's market presence and network, stating, “We are committed to localising critical components of the EV value stream, and the new facility will enable us to achieve in-house production of EV and battery parts. With increased production capacity, we can extend the usage of batteries and serve both domestic and international markets.”