{"id":424326,"date":"2021-07-05T12:08:05","date_gmt":"2021-07-05T06:38:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424326"},"modified":"2021-07-05T12:08:05","modified_gmt":"2021-07-05T06:38:05","slug":"oye-rickshaw-looks-to-invest-up-to-500-million-over-three-years-on-battery-swapping-infra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oye-rickshaw-looks-to-invest-up-to-500-million-over-three-years-on-battery-swapping-infra\/","title":{"rendered":"Oye! Rickshaw looks to invest up to $500 million over three years on battery swapping infra"},"content":{"rendered":"<p>Electric mobility start-up Oye! Rickshaw plans to invest up to USD 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 NSE 0.37 %, will be putting in close to USD 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 USD 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 NSE 0.37 %, will be putting in close to USD 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 [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-424326","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424326","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=424326"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424326\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}