{"id":424206,"date":"2021-07-05T08:45:32","date_gmt":"2021-07-05T03:15:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424206"},"modified":"2021-07-05T09:27:24","modified_gmt":"2021-07-05T03:57:24","slug":"oye-rickshaw-looks-to-invest-500-million-over-the-next-three-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oye-rickshaw-looks-to-invest-500-million-over-the-next-three-years\/","title":{"rendered":"Oye! Rickshaw looks to invest $500 million over the next three years"},"content":{"rendered":"<p>Electric mobility start-up Oye! Rickshaw plans to invest up to $500 million (over Rs 3,700 crore) in the next three years to set up battery swapping infrastructure for electric three-wheelers across India, according to a top company official.<\/p>\n<p>The company, which is backed by investors such as Matrix Partners, Chiratae Ventures, Xiaomi and industrialist Pawan Munjal, will be putting in close to $20-30 million between this year and the next to accelerate its battery swapping business. <\/p>\n<p>It had set a target of deploying 10,000 lithium-ion batteries by the end of this year but the plans have been impacted by the second wave of the Covid-19 pandemic and is now looking at deploying 6,500 lithium-ion batteries across 5,000 vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric mobility start-up Oye! Rickshaw plans to invest up to $500 million (over Rs 3,700 crore) in the next three years to set up battery swapping infrastructure for electric three-wheelers across India, according to a top company official. The company, which is backed by investors such as Matrix Partners, Chiratae Ventures, Xiaomi and industrialist Pawan Munjal, will be putting in close to $20-30 million between this year and the next to accelerate its battery swapping business. It had set a target of deploying 10,000 lithium-ion batteries by the end of this year but the plans have been impacted by the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-424206","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=424206"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424206\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}