SOOORYA renders new uptake on EVs for the ridesharing sector
24 Apr 20236 min read
Summary
- Sooorya EV is developing an 8‑seater electric vehicle tailored for ride‑sharing fleets in emerging markets, featuring fixed plus swappable batteries and a solar roof to minimise downtime for drivers.
- The company plans to assemble these vehicles in “micro‑factories” to reduce logistics cost and enhance local manufacturing, aiming for a launch around 2025 and pricing aligned with internal‑combustion alternatives.
- The strategic focus on purpose‑built fleet mobility rather than individual ownership positions Sooorya to capitalise on the growing ride‑hailing economy in Asia, and suggests fleet operators should monitor mobility‑specific EV designs as part of their transport‑strategic planning.
The ridesharing sector may yet receive a nudge from SOOORYA’s presence, but the company’s purpose-built electric vehicle (EV) for ridesharing is one that is worthy of attention. Said modular platform-based EV makes low capital expenditures (capex) possible. Its because the transportation vehicle could be assembled locally and fitted with off-the-shelf parts for a specific market.
The Singapore-based company has set its sights on sustainable operations with distributed micro-factories instead of one large assembly-line factory. This will lessen the cost and shipping time of EVs that needs to reach specific countries.
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“There are a lot of unused manufacturing capacities available in the market, so it’s relatively easier to make contract manufacturing in different geographies,” said Christie Fernandez, the CEO, and founder of SOOORYA.
He added that the SOOORYA EV was specifically designed for ridesharing. Wherein, Fernandez noticed that people are willing to pay a premium for comfort during commune. The company lean toward its deployment in the Indian subcontinent, the ASEAN region, African continent, and South America.
A versatile business model
SOOORYA has built its business model not on the basis of subsidies but rather with an emphasis on boosting the income of the driver or owner and ridesharing companies. At the same time, they aim to reduce the cost of an everyday commute without compromising comfort by splitting the fares between the passengers.
E-mobility for ridesharing and ride-hailing
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