Revolutionizing Urban Mobility: The Rise of E-Rickshaws Powered by Ipower Batteries

Ipower Batteries is transforming the urban transport landscape with its advanced lithium-ion batteries, fueling the burgeoning e-rickshaw market in India. These batteries, 50-60% lighter than their lead-acid counterparts, promise longer travel distances and less frequent charging, aligning with the demand for sustainable mobility solutions.

Having witnessed a threefold surge in demand in six months, Ipower is set to expand further, tapping into markets like Bihar, Jharkhand, and Rajasthan with an enhanced dealership network. The company prides itself on customer satisfaction, supported by extensive after-sales services and robust remote monitoring capabilities for real-time battery updates.

Founder Vikas Aggarwal attributes this growth to strong government incentives and a push for clean energy. As drivers embrace e-rickshaws for both passenger and cargo transport, the market, valued at USD 1.29 billion in 2024, is projected to grow at a 14% CAGR, reaching USD 3.29 billion by 2034, marking a significant shift in urban mobility.

(With inputs from agencies.)