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Battery Swapping Business Model: The Case of Lithion Power
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Author(s): Nandan Kumar Singh (Indian Institute of Management, Visakhapatnam, India)and Vinay Ramani (Indian Institute of Technology, Kanpur, India)
Copyright: 2022
Pages: 23
Source title:
Cases on Circular Economy in Practice
Source Author(s)/Editor(s): Pietro De Giovanni (Luiss University, Italy)
DOI: 10.4018/978-1-6684-5001-7.ch002
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Abstract
Lithion Power is India's leading provider of battery as a service, supplying lithium-ion batteries for e-bikes and three-wheelers. They use the battery swapping technology to power electric vehicles. Lithion's omni-charging technology allows electric vehicles to either charge at home, at public chargers or at a Lithion Swapping Point (LSP), primarily spread across North Delhi and the nearby state of Haryana. At these LSPs, a customer can drive in with their existing battery and in a less-than-five-minute walk away with a charged battery. Lithion is collaborating with major operators and original equipment manufacturers (OEMs) to make an all-electric India a reality by 2030. Key to Lithion's business model is a battery management system (BMS) that allows the optimal use of the battery, thereby extending its use life. This chapter discusses Lithion's battery swapping service model and puts it in the context of circular economy.
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