LOS ANGELES. Monday, July 19th, 2022 – California based Biliti Electric Inc, a fast-growing e-mobility company with presence across the globe, has unveiled the world’s first hydrogen fuel cell (HFC) powered electric three-wheeler vehicle – FastMileTM.
Biliti’s FastMileTM has a quick refueling time of less than 3 minutes and offers a long range of up to 130 miles. The vehicle comes with a superior motor that offers a gradeability of 20°, and payload capacity of 1500 lbs. Most fuel cells available today are meant for stationary or warehousing applications, and are not suitable for on-road and mobile deployments. Biliti has successfully integrated all the fuel cell components and upgraded them to automotive standards. The vehicle has been tested for more than 6,000 miles in rugged road conditions.
“This is a major step towards shaping the future of hydrogen energy and fuel cells for global markets. Thankfully, BEVs are not the only solution for decarbonizing transportation. We are transforming the application and commercialization of HFCs by bringing the technology to compact and affordable vehicles as well.” says Rahul Gayam, CEO of BILITI Electric
The main difference is that BEVs contain a large battery to store electricity, while FCEVs create their own electricity by using a hydrogen fuel cell. Global three-wheeler refueling market is worth $40 Bn annually. At a price point of $7/kg of hydrogen, 3W FCEVs achieve price parity with their conventional counterparts fueled by petrol or diesel. Production cost of grey hydrogen (produced using fossil fuels) is currently sub-$2/kg. This allows for transition to FCEVs today with the ability to switch to green hydrogen (produced from renewable energy), which is expected to drop to $1/kg by 2030.
Electric three-wheelers (popularly known as e-tuktuks) are compact vehicles suitable for last-mile mobility applications. This class of vehicle actually has real utility in the right location. Both people and goods movement in crowded urban areas, coastal and island communities, gated neighborhoods, and sprawling suburbia are all key markets for these three-wheelers.
Biliti’s TaskmanTM (BEV) is a popular last-mile delivery vehicle which is deployed in 15 countries across the globe including Japan, USA, UK, France, Portugal, Germany, Lebanon, Uganda, Kenya, Senegal, Nepal, Bangladesh, Dubai and India, and has covered over 20 million miles. TaskmanTM is currently being used by Amazon, IKEA, Flipkart (Walmart), Wasoko (Sokowatch), BigBasket (Tata), Zomato, JioMart (Reliance) among others.
Biliti’s SmartSwappTM technology allows the vehicle batteries to be swapped in less than one minute. Luxembourg based GEM Global Yield LLC has earlier committed $400 million to Biliti in the form of a Share Subscription Facility. The company has also announced its plans to set up the world’s largest electric three-wheeler manufacturing facility in India.
About BILITI Electric Inc, USA
Founded in 2021, BILITI Electric is a fast-growing electric mobility company that designs and manufactures compact electric vehicles. BILITI has presence in more than 15 countries, including the European Union. BILITI’s Founder Rahul Gayam has been listed among Forbes Asia 30 Under 30 in 2018 and was Global Fellow of Mercedes-Benz EQ in 2019.
BILITI Electric has partnered with GMW Electric, India to deploy electric three-wheelers in the US, UK, EU, Japan, UAE, India and African markets. For more information, please visit www.bilitielectric.com.
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