Research Report: Battery-as-a-Service - A report on embedded banking

Battery-as-a-Service in India: Why Large Lender Participation is Crucial?

Electric vehicles (EVs) are the future, but in India, high upfront costs, along with infrastructure support, are holding many people back.

Battery-as-a-Service (BaaS) could be the answer, making EVs more affordable by letting you "rent" the battery. Sounds great, right? So why isn't it taking off?

Our new research report, "Battery-as-a-Service: Untapped Potential Hindered by Limited Large Lender Participation," digs into this question.

Here's what we discovered:

• BaaS is expensive: Without big banks involved, rental costs are high, making BaaS less appealing. More competition could bring prices down.
• The long-term isn't clear: Hidden fees and complicated buyback options make BaaS seem less attractive than traditional car loans.
• Dealers aren't on board: Lower commissions and worries about resale value mean dealers often discourage customers from choosing BaaS.

What needs to happen?

We need major lenders to enter and offer competitive BaaS solutions. This would build trust with customers and make BaaS a real option for more people.

Want to learn more about the challenges and opportunities in the Indian BaaS market?

Read our full report.