Maini's new venture is looking to build modular batteries for electric vehicles that can be swapped out quickly at stations similar to today's petrol bunks. The company's battery as a service model could help reduce the initial cost of buying EVs by as much as 50 per cent.
"While the cost of an electric car is more than a conventional car, if you remove the batteries and all the electronics around the batteries, you can bring the cost under control. So electric vehicles