Inverted Energy Pvt Ltd has announced its offer to buy back their E-rickshaw batteries upon the expiry of the warranty period. The scheme takes effect from today, October 20, 2020.
In a release, Inverted Energy, said to be India’s second-largest Lithium-ion battery (LiB) manufacturer, offered to buyback its batteries upon expiry of warranty period for Rs.10,000 per unit. This, the release said, is India’s first and only buyback for 3-wheeler LiB.
“Inverted is paying back this amount after the warranty period ends intending to encourage more rickshaw riders to switch to green energy, and contribute to building a cleaner and more efficient world. Our buy-back offer underscores our belief in our product and our commitment in creating a stronger and cleaner India”, noted Raghav Jain, Co-Founder of Inverted Energy
Typically, 3-wheeler LiBs consume 40 per cent less energy, charge seven times faster, and have three times longer life than conventional batteries. They also outperform typical lead-acid batteries in ranges of more than 100km.
Currently, out of 15 lakh e-rickshaw drivers in the country, only 1-2 per cent drive Lithium-ion battery run e-rickshaws, mainly due to lack of awareness and their perceived cost differentials, notes Inverted Energy.
Inverted, being one of the leading Lithium battery companies in the country, aims to take the first step towards motivating more E-Rickshaw drivers to switch to green energy, leading to a smaller footprint of their energy consumption and emissions, across the life cycle of their batteries. This, in turn, would help them earn more & save more, besides the obvious positive impact, it would have on air-quality indexes.
With huge government investments and efforts towards the growth of the EV industry, it is expected there will be a boom for the use of lithium-ion batteries in E-rickshaws, as they become more affordable and convenient for use by the commercial and domestic markets, the release from Inverted observed.
Role of graphite anodes
It is independently learnt that graphite anodes account for 25 per cent of the volume of a lithium-ion battery. It is the single-largest component in a typical LiB. As of today, China meets more than 80 per cent of the global demand for graphite anodes. Very significantly, in August this year, Epsilon Carbon, a Mumbai-based firm, commissioned the country’s first manufacturing facility for graphite anode material used in LiBs. The facility, with a capacity of 5,000 tonnes per year, has come up in Karnataka.
