Fortum India, Business Sweden Tie Up to Accelerate Electromobility Adoption

Fortum India, Business Sweden Tie Up to Accelerate Electromobility Adoption

Fortum India and Business Sweden today launched Unnati Change & Drive innovation challenge that aims to speed up electrification of three wheelers in India. Unnati is a model for co-innovation allowing industry, start-ups and the civil society to jointly develop solutions addressing global social needs. The Indo-Swedish joint declaration is looking at developing a battery swap system tailored specially for light electric vehicles (LEVs) in India.

The challenge is being coordinated by the Swedish Trade and Invest Council, in collaboration with ATAL Innovation Mission - NITI Aayog. The challenge received 70 entries out of which 16 have been filtered to to present their ideas to the panel during the three day event starting December 10 in Delhi, Hyderabad and Bangalore respectively. Taking LEV battery swapping to the next level requires designing digital infrastructure and developing hardware to support a sustainable business model and Fortum will work with researchers and innovators for setting up standard infrastructure for LEV battery swapping in India. Winners of the challenge will receive mentoring from Fortum, which will provide them the opportunity to become a commercial partner and a supporter in application of market-oriented R&D funding.

Erik Tutzauer, Head of Innovation Accelerator, Fortum, said utilising a battery swap system will further increase the market share for electric vehicles in India. Fortum recently signed an agreement with Sweden-based Clean Motion in order to boost the sales of light electric vehicles in India. The battery replacement system is important to create a large-scale transition that is cost effective.

Awadhesh Kumar Jha, Vice President – Charge & Drive & Sustainability, Fortum India, said improved battery technology at affordable prices is the need of the hour to further boost the adoption of EVs.