FAE Bikes to launch EV Charging network in India
Bengaluru based EV Startup “FAE Bikes” launched “Kirana Charzer”, a low-cost, smart EV charging station costing just INR10,000 ($140) focused on enabling small shops and individuals to install their own charging stations and earn additional income.
Kirana Charzer is a compact, zero-maintenance and IoT enabled charging station which is available at a subsidised price of INR10,000 ($140). Kirana Charzer is by far India's cheapest charging station which allows the owner to earn 100% revenue from EV charging. Existing solutions are very expensive and hence, even after incentives, only governments and big companies are able to install them.
FAE Bikes is a prominent electric scooter startup in India. The startup has raised investments from investors in India, Europe, and the USA. They have also been funded and supported by the Government of Karnataka.
Sameer Ranjan Jaiswal, Founder of FAE Bikes, said, “We have been in the EV domain and realised that EVs cannot become mainstream until charging infrastructure is present. There is an urgent need for millions of charging stations in India. We want to do our part in growing the ecosystem and plan to install 100,000 charging stations in 2020. In the pilot stage, we have received orders for 470 charging stations. We have also partnered with EV Manufacturers Hero Electric and Jitendra EV Tech and will provide free subscription for their users in Charzer app for 60 days.”
Sameer added, “Charging stations are the petrol pumps of the future and we want the common man to benefit from it instead of the select few. Real scale and adoption can only happen if the general public gets involved in setting up the charging infrastructure. We have designed Kirana Charzer keeping these issues in mind.”
Kirana Charzer can be installed anywhere including small stores, restaurants and homes with standard power supply. Kirana Charzer is compatible with all 2-wheeler, 3-wheeler and 4-wheeler Electric Vehicles. Kirana Charzer owners will have the freedom of setting their own prices through an app and they will receive 100% of the revenue from their charging stations.
EV users will be able to locate these charging stations, reserve, pay and operate from the Charzer app. Other Co-Founder, Dheeraj Reddy informed that the installations will begin from March and they are installing the first Kirana Charzer at Jaideep Motors in Electronic City Bangalore.