Energy In Motion
Energy In Motion is an Indian battery-as-a-service operator for heavy commercial electric vehicles, running automated battery swap infrastructure and distributing Foton e-trucks to port authorities, fleet operators, and industrial logistics customers across India.
- Company typePrivate
- Founded-
- HeadquartersMumbai, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Energy In Motion does
Energy In Motion Pvt. Ltd. (EIM), headquartered in Mumbai and incorporated in 2024, is an India-focused battery-as-a-service and electric mobility infrastructure company targeting heavy commercial transport. Its mission is to convert heavy commercial trucking to zero-carbon at cost parity with diesel, achieved through a battery-less vehicle purchase model paired with subscription-based battery and swap services. EIM serves four primary customer segments: port and terminal operators (led by JNPA and the CMA Terminal/J M Baxi NSFT JV), logistics and fleet operators (Transvolt Mobility, Drivn leasing platform), cement/steel/mining bulk transporters (Paradeep Parivahan/UltraTech Cement), and broader heavy commercial freight operators.
The company's product and technology stack is anchored by the Ashwa 4x2 electric tractor—India's first ARAI-certified battery-swappable electric tractor with 55-tonne capacity—and a network of fully automated battery swapping stations capable of completing pack swaps in 5 minutes while simultaneously charging multiple packs. EIM secured launch-customer status with CATL for heavy commercial vehicle battery systems, procuring 0.5 GWh of upgraded CB7T0 LFP cells and L324D06 battery pack platforms configured into 400.6 kWh systems. It also acts as the official Indian distributor for Foton electric commercial vehicles (EIM-Foton EVs). Its flagship 3 MW swap station at JNPA's Nhava Sheva Free Port Container Terminal services 160+ heavy EVs daily, with 130+ vehicles already operational.
EIM's business model combines hardware sales (vehicles sold without battery packs to achieve diesel price parity) with multi-stream recurring revenue from Battery-as-a-Service subscriptions (pay-per-use or fixed-cost plans with lifetime warranty), usage-based charging/swap infrastructure fees, and managed fleet electrification services. Go-to-market is primarily direct enterprise sales to large fleet operators and port authorities, supplemented by channel partnerships—most notably Drivn for leasing-based distribution of 1,000 trucks—and infrastructure rollout expanding from 6 operational stations today to a planned 40+ stations by March 2027, targeting cement, steel, and mining verticals alongside core port logistics. Reported FY 2025-26 turnover was Rs 1,806.88 million.
Energy In Motion firmographics
Firmographics- Name
- Energy In Motion
- Legal name
- Energy In Motion Pvt. Ltd.
- Website
- http://energyinmotion.in
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Energy In Motion is an Indian battery-as-a-service operator for heavy commercial electric vehicles, running automated battery swap infrastructure and distributing Foton e-trucks to port authorities, fleet operators, and industrial logistics customers across India.
- Ownership category
- akta.pro rank
Energy In Motion industry classification
Industry- Product category
- Heavy Commercial Electric Vehicles & Battery Swapping Infrastructure
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- EV & Fleet Charging Equipment (AC/DC chargers, depot charging systems) (IMAGAHAF)
- akta.pro secondary industries
- Battery Pack & Module Manufacturing (EV) (IMACACAA), Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)
Keywords
Where Energy In Motion is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Energy In Motion business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Infrastructure, Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- Electric Vehicle Sales (without battery): EIM sells electric heavy commercial vehicles (e-tractors/trucks) without battery packs to achieve price parity with diesel trucks. Customers purchase the vehicle and subscribe to battery/energy services separately.
- Battery-as-a-Service (BaaS): Battery packs offered on pay-per-use or fixed-cost plans with lifetime warranty. Revenue from ongoing battery rental/swapping usage fees.
- Charging/Swapping Infrastructure Services: Revenue from operating battery swapping and megawatt-scale charging stations. Users pay for swap/charge services at network stations.
- Fleet Electrification Solutions: Comprehensive electric vehicle ecosystem services including vehicle supply, battery management, charging infrastructure for large fleet operators
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Battery-as-a-Service: Pay per-use or Fixed-cost plans with lifetime warranty |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels1 record
Energy In Motion product offering
Product offeringCore offering
Energy In Motion sells electric heavy commercial vehicles (e-tractors and trucks) without battery packs and operates an automated battery swapping and charging station network that delivers Battery-as-a-Service (BaaS) to fleet operators. Its core products are the Ashwa 4x2 battery-swappable e-tractor and 3 MW swap-cum-charging stations that complete a battery pack swap in 5 minutes, enabling fleet operators to electrify heavy commercial transport at price parity with diesel. The company also serves as the official Indian distributor of Foton's electric commercial vehicles.
Product overview
Energy In Motion operates as a battery-as-a-service provider for heavy commercial electric vehicles in India, combining vehicle sales with energy infrastructure. The core offering consists of the Ashwa 4x2 Electric Tractor Series (India's first ARAI-certified battery-swappable electric tractor), paired with automated Battery Swapping Stations that provide 5-minute swaps. The company offers battery packs through pay-per-use or fixed-cost plans with lifetime warranty, enabling fleet operators to purchase vehicles without battery packs. Infrastructure expansion targets include 22 swapping stations by 2025 and 45 additional stations by 2027, growing from 6 to 40 stations by March 2027. EIM serves as CATL's launch customer for heavy commercial vehicle battery systems in India and distributes Foton electric commercial vehicles.
Differentiator
Problem solved
Functional benefit
Products and services
- Ashwa 4x2 Electric Tractor Series India's first battery-swappable electric tractor certified by ARAI, designed for heavy commercial transport with 55-tonne capacity. Sold without battery packs so customers subscribe to battery/energy services separately, achieving upfront price parity with diesel trucks.
- Battery Swapping & Charging Stations Fully automated battery swapping and megawatt-scale charging infrastructure for heavy commercial EVs. Capable of charging multiple battery packs simultaneously while also charging vehicles directly; automated pack swap completed in 5 minutes. Network targets 40+ stations by March 2027.
- Battery-as-a-Service (BaaS) Subscription-based battery pack service offered on pay-per-use or fixed-cost plans with lifetime warranty. Allows customers to purchase electric vehicles without battery packs to achieve upfront price parity with diesel trucks while accessing swap and charging infrastructure on an ongoing basis.
- EIM-Foton Electric Commercial Vehicles Foton electric commercial vehicles distributed in India by Energy In Motion, including electric trucks and heavy-duty vehicles for port and logistics operations. EIM is the official Indian distributor of Foton's electric commercial vehicle portfolio.
Quantifiable outcome
- 3,300 tonnes CO2 saved annually from 66 truck deployment
- +4 more outcomes
Companies that use Energy In Motion
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Energy In Motion technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Energy In Motion partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, flagship and major.
- CATL (Contemporary Amperex Technology)coreLetter of Agreement signed for procurement of 0.5 GWh of upgraded CB7T0 LFP cells and L324D06 battery pack platforms configured into 400.6 kWh systems. EIM becomes CATL's launch customer for heavy commercial vehicle battery systems in India. Partnership supports EIM's battery swapping and megawatt-scale charging network expansion from 6 to 40 stations by March 2027.
- DrivnflagshipMoU signed on April 21, 2026 to deploy approximately 1,000 electric trucks across India over two years through Drivn's customer network. Combines EIM's battery-swapping vehicles and energy infrastructure with Drivn's leasing and financing model to reduce entry barriers for fleet operators. Drivn received $80 million investment from Nomura.
- FotoncoreEIM is official distributor of Foton's electric commercial vehicles in India. Partnership combines EIM's truck manufacturing and battery-swapping capabilities with Foton's EV platform technology. EIM-Foton-made EVs operational at JNPA port.
- Transvolt MobilitymajorEIM secured order for 66 electric heavy-duty trucks from Transvolt Mobility for deployment at Kandla Port in Gujarat and Jawaharlal Nehru Port in Navi Mumbai for container transport operations. EIM provides battery swapping and charging services.
- Paradeep Parivahan Ltdmajor8-year EV logistics pact with UltraTech Cement implemented in collaboration with EIM. Deploys electric vehicles for heavy-duty bulk transportation between Rajasthan and Uttar Pradesh, expected to reduce CO2 emissions by 15,000-20,000 tonnes annually.
- Jawaharlal Nehru Port Authority (JNPA)coreEIM operates India's largest battery swapping and charging station at JNPA's Nhava Sheva Free Port Container Terminal. Partnership with JNPA Chairman Shri Uninek Wagh for fleet electrification. Goal to electrify entire vehicle fleet at NSFT (CMA Terminal Holdings & J M Baxi Group JV) by end of FY27.
- NSFT (CMA Terminal Holdings & J M Baxi Group)majorJoint venture between CMA Terminal Holdings and J M Baxi Group. EIM partnership aims to electrify entire vehicle fleet at Nhava Sheva Free Port by end of FY27.
- UltraTech Cementmajor8-year agreement with Paradeep Parivahan Ltd to deploy electric vehicles for heavy-duty bulk transportation. EIM provides EV infrastructure supporting this partnership, expected to reduce carbon emissions by 15,000-20,000 tonnes annually. Partnership aligns with PM E-DRIVE government initiative.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
Energy In Motion competitors and assessment
Company assessmentBroad incumbents
- Scania: Global heavy commercial vehicle and bus manufacturer with electric truck portfolio and fleet services. Comparable to EIM as a broad incumbent addressing the same heavy-duty fleet electrification opportunity with established OEM and financing capabilities.
- Ashok Leyland: India's second-largest commercial vehicle manufacturer with electric bus and truck programs (Switch Mobility). Comparable to EIM as a broad incumbent serving the same heavy commercial transport customer base in India with overlapping decarbonization roadmap.
- Eicher Motors (VECV): Manufacturer of Eicher trucks and buses through Volvo Eicher Commercial Vehicles (VECV) joint venture, with electric and alternative-fuel heavy vehicle initiatives. Comparable to EIM as a broad incumbent in India's heavy commercial vehicle market with parallel EV transition strategy.
- BYD India: Global EV leader with commercial vehicle operations in India including electric buses and trucks. Comparable to EIM as a broad incumbent offering heavy electric commercial vehicles to Indian fleet operators and competing for the same decarbonization-driven procurement budgets.
- Volvo Trucks: Global heavy-duty truck manufacturer with electric truck lineup sold in selected markets. Comparable to EIM as a broad incumbent competing for heavy-duty fleet electrification mandates from large Indian logistics and port customers.
- Tata Motors: India's largest commercial vehicle manufacturer with growing electric truck portfolio (Tata Ace EV, Tata Ultra EV) and captive charging solutions. Comparable to EIM as a broad incumbent in the same heavy commercial EV market, with overlapping customer base in Indian logistics and fleet operators.
Direct peers
- ChargeZone: Indian EV charging infrastructure network operator with highway and urban fast-charging stations. Comparable to EIM as a directly competing provider of EV energy infrastructure to fleet and commercial customers in India, though with a fast-charging rather than swapping focus.
- Statiq: One of India's largest EV charging networks with thousands of chargers across highways and cities. Comparable to EIM as a directly competing Indian EV charging infrastructure provider targeting commercial fleet and passenger vehicle operators.
- Battery Smart: Battery-swapping network for electric two- and three-wheelers in India, with asset-light interoperable model. Comparable to EIM as a directly competing Indian battery-swapping infrastructure provider leveraging pay-per-use BaaS economics.
- Sun Mobility: India's leading battery-swapping platform for electric vehicles, operating swap networks across two- and three-wheelers and expanding into commercial vehicles. Comparable to EIM as a directly competing battery-as-a-service infrastructure operator targeting India's EV transition, though focused on smaller vehicle segments today.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Energy In Motion social profiles
Digital presenceEnergy In Motion financial estimates
Financial estimateRevenue estimate
Valuation estimate
Energy In Motion leadership team
Management profileNumber of profiles
Profiles9 records
Energy In Motion funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Energy In Motion M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Energy In Motion
What does Energy In Motion do?
Energy In Motion sells electric heavy commercial vehicles (e-tractors and trucks) without battery packs and operates an automated battery swapping and charging station network that delivers Battery-as-a-Service (BaaS) to fleet operators. Its core products are the Ashwa 4x2 battery-swappable e-tractor and 3 MW swap-cum-charging stations that complete a battery pack swap in 5 minutes, enabling fleet operators to electrify heavy commercial transport at price parity with diesel. The company also serves as the official Indian distributor of Foton's electric commercial vehicles.
Is Energy In Motion a public or private company?
Energy In Motion is a private company. It is classified as corporate owned and is currently operating.
When was Energy In Motion founded?
Energy In Motion was founded in -1. It employs 101 to 250 people.
Where is Energy In Motion based?
Energy In Motion is headquartered in Mumbai, India, in the Asia region.
How does Energy In Motion make money?
Four revenue lines are on record. Electric Vehicle Sales (without battery) is the primary driver. The others are battery-as-a-Service (BaaS), charging/Swapping Infrastructure Services and fleet Electrification Solutions.
Who are Energy In Motion's main competitors?
Broad incumbents on record are Scania, Ashok Leyland, Eicher Motors (VECV), BYD India, Volvo Trucks and Tata Motors. Direct peers are ChargeZone, Statiq, Battery Smart and Sun Mobility.
Does Energy In Motion have an API?
No public API is recorded for Energy In Motion.
What industry is Energy In Motion in?
Energy In Motion's product category is Heavy Commercial Electric Vehicles & Battery Swapping Infrastructure. Its primary akta.pro industry code is IMAGAHAF, EV & Fleet Charging Equipment (AC/DC chargers, depot charging systems), with a secondary code of IMACACAA, Battery Pack & Module Manufacturing (EV). Its NAICS code is 33591 and its SIC code is 3600.