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Reading: iGowise and Patnaik Energy Group Join Forces to Launch 5,000 Power Banks for EV’s with 1 Million Seed Funding
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Home » Blog » iGowise and Patnaik Energy Group Join Forces to Launch 5,000 Power Banks for EV’s with 1 Million Seed Funding
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iGowise and Patnaik Energy Group Join Forces to Launch 5,000 Power Banks for EV’s with 1 Million Seed Funding

Sunita
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Sunita
Last updated: 22 April 2025
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iGowise, a deep-tech mobility startup that focuses on offering innovative solutions by addressing the challenges of urban mobility, has announced a strategic partnership with Patnaik Energy Group, a leading Energy-as-a-Service (EaaS) company that provides portable energy solutions for diverse industries, to introduce a revolutionary line of portable power banks.

This collaboration aims to provide on-demand, emergency power banks for:

  • Electric vehicles (EVs), including two-wheelers, three-wheelers, and small electric cars
  • Drones operating in remote areas
  • Electric farm equipment
  • Wilderness lighting solutions

The portable power banks will provide quick access to charging solutions for users in strategic urban locations like high-rise residential buildings and commercial zones in Hyderabad and Bangalore. The partnership aims to deploy 5,000 power banks within the next 24 months in the common charging facilities.

The new initiative will offer a mix of both lease-based and pay-per-use models, creating an innovative “Energy as a Service” solution. The power banks are designed to cater to urban dwellers in high-rise buildings, last-mile riders, and remote locations lacking consistent access to electricity.

Additionally, these units will be available for deployment in areas where traditional charging infrastructure is unavailable or underdeveloped, such as remote research locations, campsites, and drone management companies. Meanwhile, users can access this service through their mobile apps, and the company also has the scan & use facility at the charging areas where these portable power banks will be deployed.


Sravan Kumar, CEO of iGowise, said:

“At iGo, we strongly believe we have to build tailored solutions for our own contextual needs. iGo’s smart tilting trikes are uniquely positioned to offer the high payload capacity that is needed to carry these power banks without compromising on speed or safety. These are the kind of simple yet impactful solutions that will cater to the needs of the entire ecosystem and lay the groundwork for the next wave of electrification. We believe that PEG shares our mission and ambition and is the perfect operational partner for us to scale.”

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The power banks will feature cutting-edge technology, including:

  • AIS-156 compliance
  • Stability-enhancing lithium iron phosphate (LFP)
  • Lithium manganese iron phosphate (LMFP)
  • Lithium titanium oxide (LTO) chemistries
  • AI-powered Battery Management Systems (BMS)
  • Advanced cooling and ventilation systems

The idea is to let users plug into these power banks like they would with any other appliance at home. For EV charging, brand-specific partnerships will allow fast DC charging.These compact power banks will have their own wheels and can be mounted and deployed at any location via an iGo electric trike or any 3-wheeler.

Sambit Patnaik, Founder & Director of RapidE Power & Mobility Solutions and Patnaik Energy Group, said :

“Having pioneered the idea of battery swap via delivery with RapidE Power, we were able to figure out a way in which we cater to multiple brands of EVs having different battery dimensions and configurations, etc. Now, it is time to take the next step to cater to the segment of EVs that have fixed batteries. With these portable power banks, we look forward to developing an innovative product that caters to industries such as EVs, drone management, remote research, and adventure. With iGo’s drive for innovation and technical prowess, we can bring our vision of universal, accessible energy closer to reality,”

In the first year of this partnership, the company aims to deploy & operate 1,000 units of power banks in two cities and is raising 1 million USD in seed funds for this path-breaking initiative.


This collaboration between the iGowise and Patnaik Energy Group marks a significant step toward redefining the idea of how energy can be accessed and utilized. By combining cutting-edge battery technology with a robust delivery network, the partnership is setting a new benchmark for mobile, flexible, and user-centric energy solutions.

The service will initially focus on the domestic market, with plans to expand into international markets soon. Combining Patnaik Energy Group’s vision to make energy easily accessible with a robust delivery network powered by iGO’s electric trikes, the initiative will work toward establishing strategic partnerships with major EV OEMs, 3PL brands, and last-mile operators both within India and abroad to enable fast and portable charging solutions.

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1 Comment
  • Akanksha Mali says:
    25 April 2025 at 17:06

    Whoa, Super smart move by iGo and PEG. At Nikol EV, we love ideas that make charging easy, fun, and everywhere. Let’s light up the future—one wheel at a time!

    Checkout our website here- http://www.nikolev.in
    Contact- 8485853574

    Reply

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