Panasonic has announced its first steps in the electric vehicle (EV) industry in India, with the launch of Nymbus, its new EV-charging service.
The service, according to reports, offers charging stations, swap stations, on-board charges, and telematics services, along with cloud services, analytics, intuitive dashboard technology and artificial intelligence to deliver a one-stop solution for EV-owners and operators, according to Panasonic.
Atul Arya, head of the Energy Systems division at Panasonic India said, “In the (EV) ecosystem, we saw that three and two-wheeler mobility will be the biggest players in India.”
The Japanese electronics giant has reportedly partnered with EV three wheeler manufacturing company SmartE and electric scooter sharing service qQuick, for the first phase of its service offering. Thanks to this arrangement, Panasonic, it’s said, will deploy Nymbus on 150 SmartE’s electric three-wheelers and on 25 qQuick scooters within the Delhi NCR region.
The company also reportedly plans to expand the system to Bangalore, Pune, Hyderabad, Chennai and Amaravati over the next three years, and an additional 25 Indian Cities by 2025, with a target of 1 million vehicles envisioned by that date, according to Arya.
“In the next three years, the addressable market for us (stationary storage such as batteries and mobility) will be about INR 5K Cr. Three years from now, we should be targeting revenue of INR 700 Cr out of this (the whole market),” Manish Sharma, president and CEO of Panasonic India was quoted as saying.
While India is moving towards its target of 30% EV adoption by 2030 some of the major challenges facing the country include lack of proper infrastructure, lack of adequate technology and shortage of specialised human resource in the EV industry.
The lack of charging infrastructure has been linked to the slow adoption of longer-range electric bikes. In order to combat range anxiety, India’s central government has proposed the deployment of 2,700 EV charging stations, ensuring the availability of at least one EV charging station per 3km x 3km area, as a part of its FAME II scheme.
Recently, Indian government policy think-tank NITI Aayog also directed the country’s Ministry of Petroleum and Natural Gas to set up EV charging infrastructure at approximately 1,000 fuel stations across the country.
In January 2019, the country’s Ministry of Housing and Urban Affairs released a new set of guidelines directing commercial and residential buildings to apportion approximately 20% of their parking space for electric vehicle charging infrastructure.