NEW DELHI: Lithium-ion battery maker Energy Pvt LTD on Monday announced a buyback program for electric rickshaw batteries with a payment of Rs 10,000 after the expiry of product warranty.

The initiative, which will be launched daily on October 20, is aimed at encouraging electric rickshaw owners to switch to green energy, the company said in a statement.

“Our buyback program underscores our confidence in our products and our commitment to creating a stronger, cleaner India.

Inverted Energy aims to encourage more rickshaw commuters to use green energy and contribute to a cleaner, more efficient economy,” said Ragha Jain, co-founder of Inverted Energy. The money will be repaid at a later date.” To the world.

The company claims that the country currently has 150 1-2% electric rickshaws only 10,000 The use of lithium-ion power is mainly due to lack of awareness and cost differentials.

The company said, “Compared to conventional batteries, lithium-ion batteries for tricycles consume 40% less energy, charge 7% times faster, and have three times the range of typical lead-acid batteries.”

Inverted Energy says its goal is to encourage more electric rickshaw drivers to use green energy and take the first step towards reducing energy consumption and emissions throughout the battery life cycle.