Net Take home Rs: 900 per day, total fuel cost only 70 rs per day and cost of vehicle less than 1.5 Lacs
E-rickshaw has much lower maintenance and service cost and down time
In many markets (eg: Delhi) petrol and CNG 3W sales are limited because of permits whereas for E-rickshaw there is no requirement of permits.
By moving forward to Electric Rickshaw
1 ton of CO2 Emissions per year for 6 mature trees is equal to one year of a e-rickshaw
Income levels at
Rs.900 per day
Charging expense of
Rs.70
Monthly instalment
converted to daily expense
(7500/30). ~ 250
Daily net income of (900 –70 –250) ~ 580 which amounts to a monthly income of ~ Rs.17400 minimum income after covering all expenses.
Since the cost of the product is 50% of the cost of Traditional 3W and therefore is affordable for the most vulnerable section of our society
This income can put 1 family out of poverty and enable them to lead a respectable life without having to resort to child labor
The average Indian household has 4.8 members. We’ve already impacted the lives of over 160K people and are adding another 5,000 people each month
Fig 1: Volume-weighted average pack and cell price split
Real2021 $/kWh
Source: BloombergNEF
BNEF predicts average pack prices will dip below $100 per kwh in 2024
Deep rural/semi-urban penetration and distribution network
Strong ties with manufacturers, particularly in northern and eastern India
The industry's oldest player since 2016
Profitable since inception
In Delhi we have (Akasa Finance) market share of 40% (As per RTO Data) and West Bengal we have ~80%
Industry-leading collection performance
Financed approx. 35,000 vehicles till date
Akasa Finance Limited. is a Non-Banking Finance Company. It is one of the India’s leading Non-Banking Finance Companies spread across 7 states pan-India. Akasa Finance Ltd.
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