Rahul Lamba, Prashant Rathee, and Pratik Somani noticed at electric car companies Ather Energy and Micelio that batteries are the biggest barrier to sustainable transportation adoption.
“Slow charging and a terrible two- to three-year lifespan are deterring EV purchases. Prashant, CPO of The Energy Company, told YourStory that a high financing rate and poor battery second-hand value made car ownership even riskier.
Due to extended drives, business EV customers have battery issues.
The three founded The Energy Company to extend battery life.
The Energy Company, a 2021 deep-tech business, is developing Flexi for mobility, a full-stack battery platform to boost EV adoption.
Hardware-SaaS integration
The inventors believe Flexi addresses range anxiety, safety, and dependability by charging quickly and adaptably like smartphones.
Flexi is two-part. FlexiPack can fast-charge any EV regardless of charger type. Fast charging the tailored battery pack takes 15 minutes for 50 miles and 40 minutes for 100. Standard batteries charge in 4–6 hours.
Full-stack battery platform Energy Company
Full-stack battery platform Energy Company
FlexiPack fits e-rickshaws and e-two-wheelers. Home charging with a three-pin 15 amp connection takes under an hour for a 100 mile range.
“It’s modular across vehicle classes. The Energy Company CEO Rahul claims it can be integrated with more than 60% of two-wheeler EVs on the market.
FlexiTwin, the startup’s digital twin of FlexiPack and SaaS platform, tracks battery performance, deterioration, and service history.
Rahul adds, “Our SaaS platform provides superior battery control and ensures they are ready for second-life applications.”
FlexiTwin is under beta testing with a few existing and new clients.
Market growth
In 2020, the India lithium-ion battery market was worth $1.66 billion. By 2027, it is predicted to reach $4.85 billion, growing 17.23% per year.
The Bengaluru startup expects to commence commercialization in August 2023. It serves 12 Indian fleet operators and retail OEMs.
The pre-revenue startup is negotiating with automakers.
The firm received pre-Seed investment from LetsVenture, Sia Angels, We Founder Circle (WFC), and other prominent angel investors in March.
More consumers, team growth, and manufacturing will be funded.
Conclusion:-
The Energy Company, created in 2021, is a full-stack battery platform that offers B2B clients easy, rapid, and adaptable EV battery solutions. The creators, Rahul Lamba, Prashant Rathee, and Pratik Somani, determined that sluggish charging and short lifespans are the biggest barriers to clean transportation. Flexi for mobility was born from their battery-extending solution. Flexi addresses range anxiety, safety, and dependability with rapid, adjustable charging like smartphones. Fast charging is available for any EV using the FlexiPack battery pack. FlexiTwin, a SaaS application, tracks battery performance, deterioration, and service history. The firm has 12 clients, including fleet operators and retail OEMs, and aims to commercialize by August 2023. LetsVenture, Sia Angels, and We Founder Circle provided pre-Seed capital to help the firm increase customers, staff, and production.
