With a ₹10 Crore Investment from Urja Mobility, the Partnership Aims to Transform Battery Leasing for Electric Two- and Three-Wheelers
New Delhi, January 2025: Urja Mobility, a leading EV battery leasing solutions startup, is thrilled to announce a groundbreaking partnership with Sieger Technologies, a pioneer in innovative battery solutions. This collaboration represents a major step forward in the electric mobility sector, as Urja Mobility invests $1 million in Sieger Technologies’ advanced battery systems, with a commitment to lease and deploy 2,500 state-of-the-art batteries for electric vehicles.
The partnership will help accelerate the transition to cleaner, more sustainable transportation by providing EV operators with a flexible and cost-effective battery leasing model. This initiative aims to enhance the accessibility of commercial electric vehicles by addressing the upfront battery costs, which often present a significant financial barrier.
Speaking on the investment, Mr. Pankaj Chopra, Founder and CEO, Urja Mobility, said, “At Urja Mobility, we aim to make electric mobility a practical, affordable choice for businesses. Our partnership with Sieger Technologies reflects our dedication to innovation and sustainability. With this $1 million investment, we are empowering fleet operators with cutting-edge battery solutions that offer reliability and enhanced performance.”
The 2,500 batteries, provided by Sieger Technologies, will be deployed across a wide range of electric two-wheelers (L2) and three-wheelers (L3, L5), playing a critical role in enhancing the performance and longevity of these vehicles. These batteries will incorporate advanced features such as smart BMS (Battery Management System) with IoT solutions, thermal management, and advanced chemistry cells, all designed to ensure peak performance and energy efficiency.
Expressing his enthusiasm about the collaboration, Mr. Guru Prasanth, Founding Partner, Sieger Technologies, said, “We are excited to partner with Urja Mobility, whose innovative approach to EV battery leasing aligns perfectly with our mission of delivering future-ready energy solutions. By combining our advanced battery technology with their leasing model, we aim to redefine the EV experience for businesses and consumers alike.”
Urja Mobility’s leasing model allows businesses to lease high-performance Lithium-Ion batteries for electric three-wheelers (51.2V-100Ah, 200Ah) and two-wheelers (51.2V-20Ah to 40Ah), with fast-charging capabilities (2-4 hours). By converting the upfront cost of purchasing batteries into a manageable monthly lease value (MLV), this partnership aims to reduce the financial burden on businesses, empowering them to operate their electric vehicles from future earnings.
About Urja Mobility
Urja Mobility is revolutionizing the commercial EV landscape by offering an innovative battery leasing model. As the future of transportation shifts towards electric vehicles, Urja Mobility provides businesses with an affordable and sustainable way to integrate EVs into their fleets. Through their leasing plans, Urja Mobility offers Lithium-Ion batteries for electric three-wheelers and two-wheelers, providing clients with the flexibility to convert battery costs into manageable monthly payments while benefiting from advanced energy technology.
About Sieger Technologies
Sieger Technologies is the brainchild of a talented team of engineers passionate about innovation. With a focus on quality, reliability, and productivity, Sieger has emerged as a leader in developing advanced battery solutions. Their products are designed for a wide range of applications, including defense, consumer electronics, telecom towers, electric vehicles, and energy storage systems. Key features of their products include advanced connectors, smart BMS with IoT solutions, and a robust thermal management system.
