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$70 < [cost of lead-acid battery] < [cost of lithium-ion battery], so how often does a customer trade the deposit for a battery?
by uranium 5y ago
$70 < [cost of lead-acid battery] < [cost of lithium-ion battery], so how often does a customer trade the deposit for a battery?
- ravi_b 5y ago$70 is a refundable deposit they give us when they join us. They pay us per swap. We sometimes get customers who had their lead acid batteries stolen and who now have no money to buy a new battery. With us they pay as they earn.
- uranium 5y agoWhat I was getting at was, if $70 is a lot less than a lithium-ion battery costs, do people just steal the batteries and give up the $70?
- ravi_b 5y agoGreat point. If erickshaw drivers steal the battery, we can remotely lock the battery. So these batteries will not charge or discharge and will essentially become useless. We also take documents (similar to social security in the us) from each customer before we onboard them.
- uranium 5y agoAh, that makes sense. Thanks.