As Indians move towards an electric future, it is becoming clear that batteries are revolutionising electric mobility in India. It is not about the vehicles; it is about who powers them and how we make that power accessible. For the millions of e-rickshaw drivers across India, a battery is not just a component. It is their engine of livelihood and mobility, and the cost of a lithium-ion battery often exceeds the price of the vehicle itself. These batteries offer better performance, faster charging, and longer life compared to traditional lead batteries, but the high investment of money keeps them out of reach for the majority.
As a result, drivers are often left with high-tech, unreliable vehicles, high maintenance costs, and lower earnings. This is where battery loans and financing models come into play. You can get flexible and feasible instant loan options within 15 minutes through a quick KYC process. With this financial process, drivers can lease or get a lease on batteries without paying a huge amount.
Instead, they can pay a feasible amount of a monthly fee that includes battery usage, servicing, and often covers insurance coverage.
This not only removes financial stress but also reduces it. It ensures higher uptime, fewer breakdowns, and increased daily income for drivers. Today, some pioneering companies in the Indian EV ecosystem have transformed batteries from fixed assets into loanable and leasable products, redefining affordability for underserved users. These players have built strong underwriting models not only for customers, but for the batteries themselves, unlocking institutional capital and creating new risk-sharing mechanisms across banks, NBFCs, and insurers.
By embedding lithium-ion batteries into a monthly payment model, with AI-backed health tracking, insurance, and predictive servicing, access to superior battery tech is no longer a privilege but a utility. This shift is especially crucial in Tier-2 and Tier-3 cities where upfront capital is scarce, but EV usage is high.
Additionally, for those concerned about battery life beyond lease cycles, Pointo has developed second-life battery applications, promoting a circular economy and reducing e-waste. The model has strong network partners, including NBFCs, banks, and insurance providers, who take care of battery security.
Moreover, through cloud-connected battery systems, these service providers enable remote diagnostics, geo-fencing, and even remote immobilisation, helping reduce downtime and extend asset life. For fleet operators and gig workers, this means less unpredictability, more control, and 20–30% higher earnings due to better uptime and range reliability.
Companies like Pointo are at the forefront of this transition, offering smart battery-as-a-service models powered by AI and IoT. These technologies enable real-time battery health monitoring, intelligent servicing, and remote immobilisation features, and make sure that the batteries are safe and easy to use. In tier-2 and tier-3 cities where e-rickshaws are the primary mode of transport, lithium-ion batteries are purpose-built for these cities. These batteries are not just reliable, but they are also affordable, with the best performance where it is needed most.
These lithium-ion batteries are a game-changer because they solve the core problem of most drivers. With this battery, drivers can access affordable, 24-month financing for a superior battery that shatters the high upfront cost barrier, immediately increases their daily earnings by over 30% due to higher efficiency and uptime, and gives them ownership of a valuable, long-lasting asset. It fundamentally transforms their personal and business economics.
Importantly, the entire value chain is being reimagined, from financing and deployment to battery repurposing. Once mobility usage ends, batteries are reconditioned for energy storage in homes and microgrids, and eventually recycled. This lifecycle approach reduces waste, improves ROI, and supports India’s broader energy transition goals. If India is to meet its ambitious EV goals, we must shift the conversation from simply pushing vehicle sales to making battery access easier and safer for underserved users. According to IBEF, Indian automakers are set to launch nearly a dozen new electric vehicle models in 2025, focusing heavily on premium offerings with longer ranges and faster charging despite slowing global demand. Meanwhile, India’s EV sales rose approximately 20% in 2024, outpacing overall automotive market growth of around 5%. The Indian government has set a national goal of reaching 30% EV adoption by 2030. That vision will only be realised when batteries, the heart of EVs, become universally accessible, affordable, and intelligently managed. Financing models that do this are not just a sound business opportunity; they are essential for building a cleaner, more inclusive electric future.
