"The Biggest Benefit For Fleet Owners Is The Saved Cost Per Month"

As the commercial electric vehicle (CEV) space heats up in India, doors for new business opportunities are also opening up. Log9's CEO Dr Akshay Singhal had a chat with EFY's Mukul Yudhveer Singh on why they launched 'Amphion' to tap on such a major opportunity

What inspired the ‘Amphion’ move?

We have been managing close to 3000 electric vehicle assets with Log9 batteries for a long time now. As the industry started to know about the same more and more, a lot of requests came our way for managing EVs in fleets. These generally include managing vehicles and other assets that are not connected with Log9 tech.

How did you decide to enter the segment?

The challenges faced by the industry are what made us decide to enter the segment. That is why we came up with a new brand, one that is separate from Log9. We have been managing assets that do not have Log9 batteries in them for three months now.

What challenges are you looking to address via Amphion?

Vehicle financing and leasing are a part of the challenge. The bigger part of the challenge for every fleet owner is the uptime of the vehicle. Missing a day or two due to an error or any other reason usually results in huge penalties for them.

Please elaborate on that. The average servicing time for an electric two- and a three-wheeler is over 18 days in India at the moment. This is for cases which require change of a part and issues associated with the same. A commercial EV having to spend 18 days off the road would mean no profits for the entire year because of the penalties involved.

In such cases, fleet owners need to have a team dedicated to taking care of the maintenance and service parts, which is also an added cost to them. We have been able to maintain an average service TAT (turn around time) of less than 2.5 days.

Are there more challenges apart from the maintenance and service?