The company said that it plans to create the biggest battery supply and service chain in India.“EVs are dependent on batteries which are expensive and comprise 40-50 per cent of the vehicle’s cost. The first adopted EVs on Indian roads are the two & three-wheelers, majority of which use lead acid batteries incurring high charging time and low life. Considering the huge growth in this secondary market of EVs comprising 2.5 million e-rickshaws, it is time to transition from lead acid to Li-ion batteries. Most of these drivers stay on the roads for 11-12 hours but travel for approx. 5-6 hours a day, providing them enough time to use fast charging points at their nearest Pointo centres and get the required maintenance services. This reduces the depreciation of the battery and allows the customers to own them using a pay & use model with financing and buy-back policies,” Pointo founder Riki Biswas said.
“We aim to power and accelerate the future of the mobility sector in India through our AI-based battery commerce platform. Currently, we are only catering to a very particular segment of the sector. We plan to cater to 2-wheelers and the wider B2C vehicle segment in the next 5 years,” Riki adds.
Based on the concept of ‘single-solution leading to multiple changes’, Pointo has built a wider eco-system for 3-wheeler e-vehicles. Along with their charging and maintenance facilities, they are also facilitating a system for purchasing and helping the under-served drivers generate income. Pointo is also assisting the driver’s family by providing them with family as well as battery insurance. The platform has around 3000+ customers generating an income of Rs 16.8 lakh for drivers.
