Globally, SpaceX and Tesla Founder Elon Musk has inspired countless startup in the vehicle section. Back in Indiawe had the likes of Chetan Maini and a clutch of entrepreneurs, who set the tone for the future of electric vehicles.
And now, the authorities too wants electric vehicles to turn into the most important type of transportation by 2030, and is encouraging consumers. But not many understand that if millions of EVs are plugged into the grid, it may just fail and cause a complete city to operate from power.
To address this problem of grid overloading earlier more users start driving EVs from the country, Bhargava G A, Prasad Pilla, also Sandeep Musti, together with their adviser Sunil Musti, based Enercent in 2018.
Founders of Enercent
A energy system, Enercent’s energy-as-a-service solution provides customers and also an end-to-end EV charging solution.
“There are complexities in EV adoption. The country lacks an charging infrastructure, resulting in range anxiety among fleet operators and the motorists. Because of significant capital and maintenance cost, fleet operators manage and can not own charging operations. Not understand the Intricate demand response management impact on charging EVs at scale,’’ says Bhargava, MD and Co-founder of all Enercent.How it functions
Enercent operates on a non refundable or per watt model by providing vehicle and charging infrastructure interoperability and orchestration of electricity production and consumption assets to get a seamless VPP (Virtual Power Plant) experience.
The startup helps companies manage EV fleet and architecture charging. Its technology has a latency of 0.4 seconds and will be now capable of managing 20 million EV assets in real time .
The Enercent program lets EV users discover charging points, book a time slot, charge and park and then pay tariffs each unit. From battery control to billing, control station reservation, and obligations – the program does all.
Furthermore, the Enercent Cloud helps parking operators and fleet managers monetise their assets – parking lots, outside sockets, and level-2 EV chargers. The startup has developed an alternative named IoT Edge to power electronics hardware that integrates with Enercent Cloud to get a connected EV encounter.
Enercent helps set up finishing EV charging infrastructure, and manages and owns electrical lines in customer places. Additionally, it has resources for data ingestion, complete automation, AI and Big Data, and payment gateway integration.
The startup can function on demand and also caters to answer management in case.
The co-founders believe that several trends in electric mobility are working in their favour. Today, ownership is making way for mobility-as-a-service, increasing mobility that is integrated, thereby facilitating finishing services. Data suggests that India is going to have shared fleet of about 4.7 million EVs by 2025.
The startup claims with the likes of Sun Mobility and Magenta Power. Based on SIAM, the market size for electric vehicles in India is roughly one million components.
Businesses will largely drive the adoption of electric vehicles to achieve the authorities mandated 100 per cent EV target by 2030.
Electricity prices are on an increasing tendency despite capacity improvements to accommodate to the power needs, projecting a four-fold increase in peak demand within the next ten years.
Enercent operates with India’s largest online grocer. In 2019, the business wanted to become closer to its customers and wanted to create the EV infrastructure across its 100 places in fresh and more compact warehouses.
But factors such as price and the complexity of upfront infrastructure, and software costs to control the grid effect were delaying the rollout and also threatening the project.
“The provider turned as the exclusive, end-to-end charging infrastructure spouse for its warehouses into us. Enercent sets upward, owns and manages the entire charging infrastructure,’’ says Sandeep, Co-founder of all Enercent.
This freed-up the customer ’s management bandwidth, permitting it to decrease TCO (and avail government subsidies), and ownership turned into a variable cost.
‘’The customer is moving and moved up EV rollout throughout its own network. Customer intimacy on top of higher scalability and lower logistics cost is making a winning edge,’’ says Sunil, adviser to the provider.
Them charge to the overall assets consuming the energy and the quantity of energy consumed.
Each of three founders have spent around Rs 1.5 crore up to now from the startup.
There are challenges ahead in scaling up Enercent because the approval of EVs is at a really nascent stage in India. The EV coverage is evolving, as is hardware and the technology about it.
‘’We plan to bring 100,000 vehicles under control in the subsequent 18 months, acquiring 10 new customers with Energy beneath Management (EuM) of about 200GW,” says Bhargava.
The startup is also piloting with three more customers and will sign them all up this year.
On the following 18 months, Enercent intends to#xA0;supply real world expertise in gigawatts of energy resources for EV charging and other energy assets for international OEMs and utilities.
It needs to#xA0;supply a holistic approach from watts (consumed and forecasted), to control points (and also their high availability) to superior analytics to fleet/logistic operations.
Enercent will ideal the company model that is pay-per-watt, abstracting the complexity and uncertainties of power prices, charging criteria resulting in auto darkening approach for the benefit of fleet owners.
Currently, it claims to be earning $500,000 in revenue and wishes to double that in the next financial year.
(Edited by Saheli Sen Gupta)
Article Source and Credit yourstory.com https://yourstory.com/2020/03/energy-startup-enercent-platform-ev-infrastructure Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com
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