ReadyAssist to set up ‘grid’ EV stores across India; Will invest $8 million a year

GRID stores will have in-house quick-service kiosks, battery swap facilities, EV charging infrastructure for both 2 and 4 wheelers. ReadyAssist aims to create 200 GRID stores in the top 10 cities in the next six months.


ReadyAssist aims to create 200 GRID stores in top 10 cities in India in next 6 months
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ReadyAssist aims to create 200 GRID stores in top 10 cities in India in next 6 months

Auto-tech start-up, ReadyAssist, which started by offering Road-Side Assistance (RSA) services, has announced its plan to enhance EV infrastructure in the country by setting up its physical store GRID across India. These GRID stores will have in-house quick-service kiosks, battery swap facilities, EV charging infrastructure for both 2 and 4 wheelers. It will also act as a customer experience center for the brands. The company will invest $8 million or $600 million over the next one year to expand, and aims to build 200 GRID stores in the top 10 cities in the next six months.

ReadyAssist says that with this new service, it seeks to bring clean technology closer to customers, thus joining the global vision of bringing carbon emissions to zero. This will help the company to provide roadside emergency support to the EV segment as well as strengthen the EV charging/swapping infrastructure. ReadyAssist says it already has thousands of mechanics on EV capabilities to serve Roadside Assistance (RSA) and AMC customers across India.

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The company will invest $8 million or ₹60 crore for the expansion of GRID over the next one year.

Vimal Singh, Founder and CEO, ReadyAssist says, “India is home to over 1 million EV vehicles today. We are in the early stages of transition to fuel vehicles. Today, the biggest consumer hurdle when it comes to choosing one. The concern of EV range and vehicle performance. OEMs are already committed to creating better EVs every day by investing heavily on the R&D front. At ReadyAssist, we believe in adding value to the customers and the ecosystem by investing as well. We have a duty and are innovating on EV service offerings and its infrastructure.”

Read also: Shell partners with ReadyAssist to set up Rapid Lube Change Centers across India

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ReadyAssist says it already has thousands of mechanics skilled on its road-side assistance (RSA) and EV capabilities to serve AMC customers across India.

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Currently, India is the fifth largest automobile industry in the world and is expected to become the third largest by 2030. According to CEEW-CEF, the EV market in India is expected to be a $206 billion opportunity by 2030 and will require one. Cumulative investment of over $180 billion in vehicle production and installation of charging infrastructure. In addition, there are one million electric vehicles in the country’s electric vehicle carpark, which is projected to grow at a CAGR of 36 per cent by 2026.

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