Battery swapping stations are an important component of the $40 billion electric two-wheeler industry. The battery swapping market is in the growth stage and moving toward consolidation.
The food delivery and courier, express, and parcel industries have been making the move to electric mobility fleets, most notably with the use of two-wheelers, because of the promise of convenience and faster delivery times. A battery swapping mechanism would be an integral part of a successful new mobility operation, allowing fleet managers to minimize vehicle downtime through quick changes, mobile swapping stations, or even on-demand battery delivery services.
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