24 karma · joined August 25, 2020
We started Enerjazz with the simple goal of solving our customer's problems. We kept talking to customers just like what YC recommends. After living for many years in Amsterdam, I often had to go to many e-rickshaw driver houses in renowned ghettos (godforsaken places) of Noida to fix their chargers in the early days. This is because they did not have proper charging infrastructure and their chargers will often go bad. With swapping, we also address this issue of bad quality power access to e-rickshaw drivers.
Commercial EVs or electric rickshaws have 2 pain points. One high upfront cost of battery (can be up to 50% of the total cost of vehicle). Two, high charging downtime resulting in loss of revenue.
While working as an analyst covering renewable energy developments at Shell, I (Ravi) came to the conclusion that anything that makes energy storage more affordable will have the most impact in the next couple of decades. That simple thought is how the idea of Enerjazz was born. Pratik is an expert in lithium-ion batteries (PhD from German aerospace center). In 2017, we moved from Europe to India to work on developing a battery for storing solar energy.
One day, we were walking back to our office after having lunch at a restaurant. We saw an e-rickshaw get on a footpath and drive into a narrow lane. We followed the driver and found that there were more than 20 e-rickshaws charging there in an open area. All of those e-rickshaws had lead acid batteries. On talking to the drivers, we realized the pain they had was far greater than the pain of storing solar energy. We started talking to e-rickshaw drivers every day after lunch and decided to do something about it. We started with making affordable lithium-ion batteries for e-rickshaws. Since we joined YC in June, we have done more than 2,500 battery swaps.
We enable e-rickshaw drivers to increase their earnings by 80% because their downtime effectively becomes zero. We require just a 70 dollar refundable deposit (cheaper than lead acid battery) for e-rickshaw drivers. We also have a patent-pending technology that reduces the cost of lithium-ion batteries by 50%. The technology is already proven as Enerjazz batteries have completed 4M+ kilometers.
We look forward to your feedback!