(PTI)
Eyeing opportunities in the wake of disruption expected from electric vehicles, oil major Bharat Petroleum Corporation Limited on Monday launched ‘e-drive initiative’ an electric three-wheeler mobility model.
Partnering with electric vehicle-maker Kinetic Green Energy and Power Solutions and IIT Madras for technology support, the public sector oil marketing giant brought on stream a supply of swappable lithium-ion batteries at its retail outlets in Kochi and Lucknow in the first phase for electric three-wheelers.
According to the business model touted as unique, fleets of three-wheelers, also known as ‘e-rickshaws,’ are deployed in the two cities by Kinetic Green which also owns them and drivers pay rental for use of vehicles and a fee for energy provided by BPCL. There is, however, no maintenance cost.
