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#News(Startup) [ via IoTForIndiaGroup ]
[Editors Note Sun Mobility was a awardee at IoTNext 2017 ]
Changing Mindsets
Currently, Maini is busy with his second venture, trying to redefine the future of urban transport. The Reva, his first venture, was the first electric car in India, but according to him, it was not a success.
“The most challenging problem that we faced with the Reva was what we didn’t solve,” he says. “We couldn’t change the consumer mindset.”
His second company, Sun Mobility, is trying to change that, armed with an innovation that has already proven to be a spectacular failure: swapping batteries.
In 2009, an Israeli company called Better Place had raised $200 million overnight based on this idea. It went on to raise another $650 million before declaring bankruptcy in 2013. But Maini is convinced that swapping batteries is the future of urban mobility. He has understood the reasons behind the failure of Better Place, mapped the ways, and formed the connections to execute a battery-swapping company in India.
The idea eliminates the pain of charging an EV each night and the fear that you will run out of range before you find a charging station. Battery swapping works like a fuel refill. Through automated kiosks in urban areas, akin to fuel stations, the company will offer battery swaps, for commercial vehicles, to begin with.
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