“The launch of our new facility marks a significant milestone in our journey to revolutionize the electric mobility sector and will cater to 25 percent of our goal of targeting 80,000 two and three-wheelers by 2025.” - Arun Sreyas, Co-Founder, RACEnergy
July 2023 : RACEnergy has recently inaugurated its 10,000 sq. ft. battery production facility. Equipped with a 50 MWh battery production plant, it can manufacture 30,000 batteries per annum. This milestone aligns with RACEnergy’s goal of targeting 80,000 two and three-wheelers by 2025, representing a significant step towards its target of having 250,000 swappable batteries in circulation in the same timeframe. As a testament to its commitment to technology excellence, RACEnergy recently obtained the AIS-156 Phase 2 certification for its battery pack, making it the first swappable company to achieve this feat. The certification ensures enhanced performance and improved safety for its battery technology. The new facility will provide a collaborative environment for engineers and designers to push the boundaries of
innovation, further developing cutting-edge battery technology for electric vehicles (EVs) and significantly expanding the company’s production capacity.
“The launch of our new facility marks a significant milestone in our journey to revolutionize the electric mobility sector and will cater to 25 percent of our goal of targeting 80,000 two and three-wheelers by 2025. 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. Our pilots’ advanced technology and proven success have attracted tremendous demand for our batteries from around the world. With 500 swaps on our network daily, our facility will empower us to efficiently address the rising demand and expand our market presence globally,” said Arun Sreyas, Co-Founder of RACEnergy.
Gautham Maheswaran, Co-Founder of 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. The facility’s strategic setup aligns perfectly with our goal of expanding our battery swapping solutions across multiple vehicle segments.”
Since its inception in 2019, the company has been addressing critical challenges such as the high cost of vehicles, long-charging times, and range anxiety through its innovative battery-swapping technology, which enables 4-second swaps. With a proven track record of completing three million green kilometres, RACE is significantly transforming the EV space. With the launch of its new facility, the company is positioned to accelerate the electric transition toward a cleaner and more sustainable future.
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