Inverted Energy Announces Buyback Plan For Its E-Rickshaw Batteries

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  • It is offering to pay Rs 10,000 upon expiry of the product warranty period
  • The company said that three-wheeler lithium-ion batteries consume 40 per cent less energy, charge seven times faster, and have three times longer life than conventional batteries

Lithium-ion battery maker Inverted Energy Pvt Ltd announced a buyback programme for its e-rickshaw batteries. It is offering to pay Rs 10,000 upon expiry of the product warranty period. The programme will be launched on 20th October with an aim to encourage e-rickshaw owners to switch to green energy as per the company.

Inverted Energy co founder Raghav Jain said said that the company 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. The company also claimed that presently, , out of 15 lakh e-rickshaws in the country, only 1-2 per cent are lithium-ion run e-rickshaws. This is mainly due to lack of awareness and their perceived cost differentials.

Outperform typical lead-acid batteries in ranges of more than 100 km

The company said that three-wheeler lithium-ion batteries 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 100 km.

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It added that the company aims to take the first step towards motivating more e-rickshaw drivers to switch to green energy. This will lead to a smaller footprint of their energy consumption and emissions, across the life cycle of their batteries.

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