Gurugram-based IndiGrid Technology, which manufactures swappable batteries for electric two- and three-wheelers, aims to expand its reach in India by setting up battery swapping stations across the country. The company aims to build more than 250 battery swapping stations in multiple cities across India by the end of the ongoing financial year 2022-23. Speaking with carandbike, Sambit Chakraborty, Member of the Advisory Board – Indigrid Technology said. “Long term plan is to build a network in NCR, Mumbai Pune and some secondary cities.”
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Indigrid Technology, which manufactures swappable batteries for electric two- and three-wheelers, has battery swapping stations in Mumbai, Gwalior and Bhubaneswar.
Currently, IndiGrid has battery swapping stations in Mumbai, Gwalior and Bhubaneswar. In Mumbai, the company has 5 swapping stations with swappable batteries from IndiGrid and around 50 electric vehicles, which use them. At the same time, Gwalior and Bhubaneshwar have 2 swapping stations each, catering to around 50 EV and 20 EV respectively. Chakraborty said the company aims to expand its network across all three locations and has 50 battery swapping stations in Mumbai, catering to 1000 electric vehicles, and up to 10 stations in Gwalior and 50 electric vehicles with IndiGrid batteries. In Bhubaneswar, however, IndiGrid aims to set up 200 swapping stations, which will support 2,000 electric vehicles, which will be supplied to the city’s police department.
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Indigrid Technology advisory board member Sambit Chakraborty says the company doubled its sales numbers in 2020 and grew 300 percent in 2021.
The company is currently in the process of setting up its second plant to increase its production capacity to match the growing demand and expansion plan. Talking about the growth, Chakraborty did not share any numbers with us, however, he mentioned that compared to the pre-Covid period, the company doubled its sales numbers in 2020, and grew by 300 percent in 2021. increased. “If there was no component crunch, we could have gone further, but safely we will grow in this (financial) year despite 300 per cent,” Sambit said.
Indigrid currently designs and develops its battery packs at the company’s plant in Gurugram, while the cells are sourced from Murata Manufacturing Company in Japan. Having said that, Chakraborty says that the shortage of components in the post-Covid period has affected production, which is why the company is now planning to manufacture many other components in-house as well. “We were outsourcing the software for our swapping stations, now we have taken it in-house. VCU or Vehicle Control Unit, VDU or Vehicle Display Unit, and MCU or Motor Control Unit, we decided to start manufacturing our own done,” he added.