New Delhi : Aeris Communications, a preferred Internet of Things (IoT) technology partner for enterprises, announced its partnership with CTECH Energy Private Limited, one of the leading manufacturers of Lithium-Ion Battery in India, providing disruptive and innovative lithium-ion solutions to various industry segments like UPS, ESS, OFF Grid Solar, smart city, Wi-Fi, Bank ATM, VSAT, and electric and smart mobility.
Aeris IoT technology has transformed normal batteries into smart batteries. With Aeris Connected Battery Management Solution, it is now possible to track, trace and remotely manage batteries deployed onsite – at a mobile tower or in electric vehicles as a standalone asset. The solution provides vital information on battery diagnostics- SOC/ SOH, charging cycle, and immobilization of asset. It helps in predictive maintenance with regular feeds on charging status, estimates the life left in the batteries and can even predict how much longer the batteries will provide energy before they need recharging. With the help of Aeris, CTECH has successfully launched smart and connected batteries for Electric Vehicles(EV), specifically addressing the needs of the B2B segment for proper battery utilization, maintenance, safety , security and even theft prevention.
A vehicle is stolen every 12 minutes in the national capital; in Mumbai, one is stolen every four hours, and in Bengaluru every two hours (NCRB, 2019 data). In addition, there is a huge black market for electric car batteries in the country. With a resale value of 50% of the original cost and no clear identification marks, batteries are one of the favourite items targeted by thieves. The easy reusability of batteries fuels the drive to steal, re-package and sell them again.
Aeris Connected Battery Management Solution anti-theft features for batteries include real-time, 24×7 tracking of the battery. In case of theft, instant immobilization of the battery can be done remotely by the owner themselves. For commercial vehicles, designated to make trips only in certain areas, such as food and grocery delivery, hyper local courier services; battery geo-fencing feature from Aeris adds another layer of protection.
Speaking on the occasion, Sameer Mahapatra, Vice President of Sales at Aeris Communications, said, “Aeris decades of global expertise in IoT is helping Indian clients like CTECH take a leap forward with product differentiation. The future belongs to EV, smart battery charging infrastructure and smart pricing. We see our partnership growing stronger with India’s EV market becoming Rs. 50,000 crore (US$ 7.09 billion) opportunity by 2025, with higher electrification of two-and three-wheelers. We have the capability to help our clients launch innovative business models based on smart pricing, battery swapping, and, even save on OpEx with smart charging, preventive care and predictive maintenance.” On the collaboration, Rajesh Srivastava, CEO, CTECH ENERGY PVT. LTD., said, “We onboarded Aeris as our innovation and IoT technology partner with the clear objective of gaining market differentiation in the already competitive battery market. With this partnership in place, we are not just selling batteries anymore; but a connected, future proven battery management solution. The ability to provide battery analytics for performance service delivery enhancement has led to higher customer satisfaction from our EV customers. Analytics and alerts on battery discharging and potential theft makes our clients future proof their investments too!”
Another EV adoption driving factor is the rapid hike in fuel prices and change in consumer preferences, especially in the B2B segment. India’s Lithium-Ion Battery Market is estimated to reach $5,022 Million
by 2024; growing at a CAGR of 26.2% from 2016 to 2024. eRickshaw has emerged as a large battery consuming market in India. A large part of this market is still unorganised and based on lead-acid batteries, but according to a study, by 2024-25, it is estimated that 40 per cent of the eRickshaw market will be Lithium-Ion based. Indian government is also supporting lithium-ion battery manufacturers with the launch of PLI scheme with an outlay of ₹18,000 crore to promote manufacturing, export and storage of lithium-ion cells, essential for developing electric vehicles.
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