Hyderabad-based RACE Energy, a deep-tech electric vehicle infrastructure company for battery swapping has marked its strategic foray into international markets by entering the Sri Lankan market.
The company has partnered Lanka E-Mobility Solutions (LeMS) to pilot its battery swapping technology under the ‘e-wheel’ brand for electric three-wheelers in Colombo.
The pilot launch with 25 vehicles and 3 swapping stations across Colombo aims to expand across Galle and Kandy. With plans to rapidly scale this program to 500 vehicles within the next 3-6 months, RACE’s ‘pay-as-you-go’ solution and quick swapping process are poised to benefit 1.2 million of Sri Lanka’s ‘Tuk’ drivers.
