Mooving Enters Marathon to Build India's Smartest Battery Swapping Network for EV

Mooving is an integrated platform that provides options for the end user to Adopt Electric Vehicles in a Risk-Free Manner, true to its Tag Line EV Made Easy.

The key technology and product offerings of Mooving have already been developed and demonstrated to have a strong Product Market Fit owing to investments of up to $15 million till Pre-Series A in equity and debt.

The company is Co-founded by Rakesh Malhotra, Founder SAR Group, and Tanvir Singh, erstwhile Founder of Solar Cube India and a serial entrepreneur.

The company also has K. Vijayakumar, previously President at Greaves cotton.

"India has taken massive targets for EV Adoption, however, the reality on the ground is very different due to customer apprehensions and perceived risks towards quality, range, and safety. At Mooving, we are focused on driving the mass market shift to electric mobility, and battery swapping is a clear path to solving India’s mobility and energy demands in a safe, sustainable, and scalable way. I am excited to be launching our Smart Battery Swapping Platform through which end consumers can now embrace a new era in smart mobility using our swap-ready smart vehicles powered by Battery Swapping,” said Tanvir Singh, Co-founder of Mooving.

Mooving has adopted a platform strategy to be the largest and densest Battery Swapping network provider for EVs in the country.

By the completion of FY24, it intends to power 50k electric 2W and 25k electric 3W; on the back of key products is a Smart swappable battery system and an Intelligent automated swapping station.