THIS STARTUP AIMS TO MAKE BATTERY CHARGING FOR COMMERCIAL EVS FAST AND RELIABLE
From their collective experience at electric vehicle startups Ather Energy and Micelio, Rahul Lamba, Prashant Rathee, and Pratik Somani realised that while EV mobility space is gaining traction, batteries are the single most limiting factor for people to adopt clean mobility. “Slow charging and dreadfully low life span (two to three years) are keeping people away from buying EVs. Add to this a high finance rate and low second-hand value of batteries that make vehicle ownership even riskier,” says Prashant, CPO, of The Energy Company told YourStory.
The challenges with batteries compound for commercial EV users due to long hours of driving.
The trio decided to find a way to make batteries last longer, and this led to the birth of The Energy Company. Founded in 2021, The Energy Company is a deep-tech startup building a full-stack battery platform–Flexi for mobility, which the founders hope, will increase EV adoption.