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Features Writer Sanjib Roy

Sanjib Roy

Features Writer

Sameer Ranjan Co-Founder and CTO of FAEbikes - interview

“The future of mobility is going to be shared and electric” says Sameer who is the Co-Founder and CTO of FAEbikes, a company which provides EV ride hailing services. All their EV’s are spread across the city of Bangalore connected to internet through IoT allowing them to remotely monitor their bikes. The users who wish to avail their services can simply download their mobile application, book their ride and unlock the bike remotely via the app to start using it. These bikes can easily reach 55kmph speed with a range of 70Km providing an economical ride through the city. Recently in 2018 the company also started working on charging stations and has announced to set-up India’s biggest network of charging station in Bangalore. Inspired by its works and plans, CircuitDigest approached Sameer with few questions and his response is as follows…..

Q. What inspired you to start Faebikes?
When me and Yugraj moved to Bangalore for our work, we realized the need for a better transport solution. I used to travel from RT Nagar to Koramangala for office and had to change three buses. The commute used to take more than 1.5 hours. We realized that there is a huge gap between the cheap buses and autos and taxis which are very expensive. So we came up with FAE Bikes which was very close to the pricing of buses and more than 3 times cheaper than autos and taxis. At the same time, it provided the independence and convenience of a personal vehicle which no other transport solution provided.
We started with a vision to provide clean, shared and sustainable mobility for the masses. But during the course of our journey, we became a part of the bigger EV ecosystem. We realized that mass EV adoption cannot happen without setting up the infrastructure. And hence, in October 2018, we launched FAE Spark, a network of EV Charging Stations. Today, setting up charging stations is not sustainable, but we have come up with a business model for FAE Spark which leverages our unique position and allows us to be sustainable from the beginning.

Q. How do you see EVs for ride hailing services?
As more and more of India is migrating to cities, sustainable solutions are needed in every domain to survive with our limited resources. We believe the future of mobility is going to be shared and electric. Personal Vehicles sit idle for 95% of the time. A shared mobility solution will help in better utilization of available resources, reduce congestion and EVs are going to be the drivers of this. EVs are necessary in reducing the operational costs to get better and sustainable unit economics.

Q. What are your thoughts on Lithium Cell manufactures in India? Why do most EVs manufacturers still source batteries form china?
Lithium cell manufacturing in India is non-existent. Today, All battery OEMs are importing Lithium cells from China to develop battery packs. The reason for this is that India simply doesn’t have the technology and manufacturing ability to manufacture lithium cells. India is one of the largest importers of lithium-ion cells and batteries. It is also true that many times, these battery packs are better than the Chinese battery packs.
However, concrete steps have already been taken by few agencies and even government has signed MoUs for setting up manufacturing of Lithium-ion Cells. As India is lacking in critical resources to make the cells including lithium, I think recycling these materials from discarded batteries is going to be the future.

View Full interview: https://circuitdigest.com/interview/sameer-rajan-co-founder-cto-faebikes-on-how-his-company-setting-up-ev-charging-infrastructure-in-bangalore :

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