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Even with half cost, we are more expensive than lead acid batteries. Typically lithium ion batteries are three times in price compared to lead acid batteries. E
by ravi_b 5y ago
Even with half cost, we are more expensive than lead acid batteries. Typically lithium ion batteries are three times in price compared to lead acid batteries. Erickshaw drivers are very cost sensitive to upfront battery cost. We wanted to give them the most affordable battery solution.
- uranium 5y agoSure, but if you can reduce the cost of lithium-ion batteries by 50% in general, why are you not just licensing that technology to Tesla and others for gigabucks? Or is your cost reduction quite specific to the batteries that eRickshaw drivers need for some reason?
- ravi_b 5y agoWe will get into electric scooters soon. Focussed on commercial delivery scooter (like for Zomato and swiggy) initially.
- paulcole 5y agoSo are you able to reduce the cost of a lithium battery by 50% or not? And if so, why are you not just licensing the technology to Tesla?
- ravi_b 5y agoI apologize. I am not able to share much details on that part as our patent is still pending. Would be happy to do another launch once our patent is granted.