Ipower Batteries witnesses a growth of 50% in demand for their E-Rickshaw batteries in various categories of passenger and loader vehicles for FY 2025-26
Delhi, 23rd June 2025: Affordable, last mile transport solutions are the need of the hour for our cities which are constantly under the grind due to choices that have adverse environmental impacts and need better, efficient, and clean mobility solutions. Besides other transport options even electric rickshaws are a good option for providing sustainable and cost-effective las mile mobility solutions in urban and peri-urban areas.
Ipower Batteries is currently offering Lithium-ion batteries which are 50-60% lighter than lead acid batteries, and have a 25-50% higher storage capacity, making them well-suited for the growing need for e-rickshaws that can travel longer distances without frequent charging. With significant decrease in lithium cell prices, lithium battery-based e-rickshaw are seeing a widescale adoption. It offers increased battery efficiency because it has a range of 100+ km per charge, catering to the demand for sustainable transportation solutions.
Ipower Batteries has witnessed a surge in demand by almost 3 times in the past 6 months, compared to the same period last year, which shows the projected demand of these batteries to grow substantially in FY 2025-26 vis-a-via FY 2024-25.
The company has declared delivering more than 100,000 KWh lithium batteries in e-rickshaw to more than 30+ clients Pan India. Some of the prominent names being Gayatri e-rickshaw, HMC, Avon, Greaves, Lohia to name a few. The typical size of battery in demand are generally 2.5 KW, 5KW, 6KW, 7.2 KW, 12 KW for various passenger and commercial e-rickshaws. To ease seamless distribution the company has also strengthened its dealership base in states for Delhi NCR, Haryana, Punjab and Uttar Pradesh. In the next leg of expansion, the company is targeting Bihar, Jharkhand, Rajasthan, Maharashtra. The company’s core values are also commitment towards the customers satisfaction which they have ensured through their strong network of after sales support of 250+ service centres across different locations and 150 field engineers to support the end customer.
10,000+ Ipower batteries have also been operational by one of the leading swapping operators in e-rickshaw markets. With remote monitoring capability and reliable product by Ipower adding 2000+ new batteries per month in the Indian swapping ecosystem.
Ipower’s spokesperson Mr. Vikas Aggarwal, Founder & MD was quoted on this “The demand for e-rickshaw has been growing making it sustainable and efficient mobility solution for various needs and we are ready with our large-scale capacity manufacturing to duly fulfil the demand for the same. While we acknowledge the demand we have also ensured these batteries are smart and safe with our state-of-the remote monitoring capabilities enabling the driver to be hands on with real time updates. There is also robust government support which encourages manufacturers and consumers to embrace e-rickshaws. The support includes financial incentives, subsidies, and favourable regulatory frameworks, which serves as a key driver for increasing the electric rickshaw market demand in India, unleashing clean, efficient and sustainable mobility solutions not only for our cities but also other parts of the country” The India electric rickshaw market size was valued at USD 1.29 Billion in 2024. And expected to touch USD 1.5 Billion this year. The market is further projected to grow at a CAGR of 14% between 2025 and 2034, reaching a value of USD 3.29 Billion by 2034.
Additionally, the affordability of e-rickshaws contributes to better generation of income for drivers, which fosters entrepreneurship or self-employment, aiding the India electric rickshaw market growth However, loader e-rickshaws are capturing growing electric rickshaw market share in India as they widely being adopted by e-commerce and distribution companies due to their capacity to bear heavy loads without compromising on fuel-efficiency and delivery time. Many loader e-rickshaws are now under the ‘electrification’ process, which will further increase demand for these vehicles.
About Ipower Batteries Pvt Ltd Incorporated in December 2019, with a full-fledged state of the art manufacturing unit in Kundli (Haryana) which has a large capacity energy storage per month, Ipower Batteries is aimed at fulfilling the need for such solutions. The company has a strong backing in R&D and experience for over three decades from its parent company which allows them to work on innovative product line for the market. The company’s manufacturing has IMS certified (ISO 9001-2015,14001:2015,45001:2018) for producing high-quality Lithium-Ion batteries for various industries like EV 2 and 3 wheeler, Telecom, Solar panels, wheelchairs and others. With this they are ready to become the largest Clean Energy Storage Provider in India.
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