ReadyAssist To Set-Up 'GRID' EV Stores Across India; Will Invest $8 Million Over An Year

Auto-tech start-up, ReadyAssist, which started by offering Road-Side Assistance (RSA) services, has announced its plan to augment EV infrastructure in the country by setting up its phygital store GRID across India. These GRID stores will have an in-house quick-service kiosk, battery swap facilities, EV charging infrastructure for both 2 and 4 wheelers. It will also act as a customer experience centre for brands. The company will be investing $8 million or Rs. 60 crore, over the next one year for the expansion, and aims to build 200 GRID stores, in the top 10 cities over the next six months.

ReadyAssist says that with this new service, it is trying to bring clean technology closer to customers, thus joining the global vision of bringing down the carbon emissions to zero. This will also help the company extend roadside emergency assistance to the EV segment along with strengthening EV charging/swapping infrastructure. ReadyAssist says that it already has thousands of mechanics upskilled on EV capabilities to service its road-side assistance (RSA) and AMC customers across India.

The company will be investing $8 million or Rs. 60 crore, over the next one year for the expansion of GRID

Vimal Singh, the founder and CEO of ReadyAssist, says "India is today home to more than 1 million EV vehicles. We are in the early stage of adoption and transition from fuel vehicles. Today, the biggest consumer barrier when it comes to opting for an EV is range anxiety and vehicle performance. OEMs are already very committed towards building better EVs every day by heavily investing on the R&D front. We, at ReadyAssist, believe it is also our duty to add value to the customers and the ecosystem by investing and innovating on the EV service offerings and its infrastructure."

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ReadyAssist says that it already has thousands of mechanics upskilled on EV capabilities to service its road-side assistance (RSA) and AMC customers across India

Currently, India is the fifth-largest automobile industry in the world and is expected to become the third-largest by 2030. According to CEEW-CEF, the EV market in India is expected to be a $206 billion opportunity by 2030 and would require a cumulative investment of over $180 billion in vehicle production and setting up the charge infrastructures. Also, the country's electric vehicles carpark of one million EVs is projected to grow at a CAGR of 36 per cent by 2026.