BPCL enters the EV space in association with Kinetic and IIT-Madras
CHENNAI: state-owned oil refinery BPCL on Monday said it has forayed into electric vehicles space in partnership with Green energy. BPCL will use its vast network of nearly 12,000 fuel stations to offer fully charged automotive batteries for e-vehicles on a swappable basis.
In this model, to begin with, the three-wheelers would be owned by Kinetic Green while BPCL will provide lithium-ion batteries under support from.
Kinetic would sell three-wheelers without batteries (for starters, in Lucknow and Kochi ) “The cost of three wheels (autorickshaw) without batteries will be Rs 1.3 lakh compared to one of CNG that costs Rs 2.2 lakh. It will be lower than vehicles with internal combustion engine. The cost per KM of a diesel delivery rickshaw is Rs 3.5 per KM while that of the batteries will be only 50 paise, ”said Sulaja Forodia Motwani, CEO of Kinetic Green Energy.
“Today we forayed into EV space with e-drive in Kochi and Lucknow. It is the first of its kind in India and opens up a new customer segment for BPCL. The batteries, charging stations, IT infrastructure, mobile tech have all been developed by IIT-Madras. It will be a new revenue stream and business potential for BPCL, ”BPCL’s CMD D Rajkumar said.
The Kinetic- BPCL solution has already been implemented in a fleet of vehicles in Kochi and Lucknow. The vehicles under the swappable platform are deployed near high traffic metro stations and offer last mile connectivity to passengers at just Rs 10.
By removing the battery from the cost of capital, we made it affordable, said Ashok Jhunjhunwala of the Center for Battery Engineering for Electric Vehicles (C-BEEV) at IIT-Madras.