Log9 Materials will provide ETO Motors with a unique Battery-as-a-Service (BaaS) model, eliminating the upfront investment for battery purchase.
26 Feb 2024 | 3774 Views | By Autocar Professional Bureau
Log9 Materials, a leading innovator in advanced battery technology, has partnered with ETO Motors, to provide sustainable and reliable battery solutions for the e3w manufacturer.
Log9 Materials' batteries will be retrofitted into ETO Motors’ e3Ws replacing their 2-3 year old batteries. This upgrade will significantly enhance the range, efficiency, and ...
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Log9 Materials, a leading innovator in advanced battery technology, has partnered with ETO Motors, to provide sustainable and reliable battery solutions for the e3w manufacturer.
Log9 Materials' batteries will be retrofitted into ETO Motors’ e3Ws replacing their 2-3 year old batteries. This upgrade will significantly enhance the range, efficiency, and overall performance of ETO Motors’ e3Ws, while also reducing their environmental footprint, claims the press release.
Log9 Materials will provide ETO Motors with a unique Battery-as-a-Service (BaaS) model, eliminating the upfront investment for battery purchase. Under this model, Log9 Materials will manage and maintain the batteries, ensuring optimal performance and timely replacement. This will offer ETO Motors with greater flexibility and affordability, allowing them to focus on their core business operations.
Log9 Materials steps in to power up ETO Motors' 300 e3Ws with their advanced battery tech, promising extended life and boosted performance. Through an innovative BaaS model, ETO Motors will save upfront costs for batteries, gaining financial flexibility.
Pankaj Sharma, Co-Founder, Log9 Materials, said: “The collaboration between Log9 and ETO Motors marks a pivotal advancement in the implementation of Battery as a Service (BaaS) within the battery replacement segment."
"The acquisition of replacement batteries poses a substantial hurdle for fleets and OEMs due to limited financing options available in the market. This scarcity complicates the procurement process significantly.”