Honda has announced setting up a new subsidiary in India, which will focus on the supply chain side of the electric vehicle industry. Called Honda Power Pack Energy India Private Limited, the new subsidiary for battery sharing service in India will offer service for small mobility players. In a statement, Honda has said that the company plans to start battery sharing service for electric auto-rickshaws from the first half of 2022 in Bengaluru, Karnataka, and expand the operations in other Indian cities in a phased manner.
Swappable batteries will offer subscribers fully-charged batteries at the stations which can be swapped in a matter of minutes, instead of waiting to charge the vehicle.
“The company will offer battery sharing service for small mobility, which will accelerate the penetration of electric vehicles by solving three issues of electric vehicles: limited range, long charging time, and high cost of batteries,” Honda said in the statement.
Honda’s all-new portable and swappable batteries will be called “Honda Mobile Power Pack e,” and the company’s battery sharing service subscribers can avail of the services from the nearest battery swapping station. At the battery swapping station, subscribers can swap the used batteries with fully charged ones, and need not wait for charging and can get back on the road in marginal time.
The company has invested ₹ 135 crore, and will work closely with original equipment manufacturers (OEMs) who wish to integrate Honda’s battery into their vehicles, by providing necessary technical information for an interface. By expanding vehicle OEMs, applications, and service areas, the company aims to onboard more drivers which will further enhance service convenience.