REVA & ZEM Energy Partner On Mobility Services & A Battery ’Second Life’ Program
Reva Electric Car Company (REVA) and ZEM Energy Ltd. (ZEM) announced a collaboration to create mobility services and a second life program for the lithium ion batteries used in the new REVA NXR (NeXt Reva) and NXG (NeXt Generation) electric cars. Mobility services could include battery leasing, electricity at pubic charging points, telematics and insurance.
Jan Olaf Willums, Chairman of ZEM said, "The key to making electric cars affordable is to extract value from the batteries’ full life cycle. At the end of their first life in electric cars, batteries still have capacity to store energy, which can be used in other stationary electricity storage applications."
"We will work with REVA as part of our ’ZEM Initiative’ to create and test these applications, and thereby determine a ’second life’ and a residual value for the batteries." Chetan Maini, Deputy Chairman and Chief Technical Officer of REVA said. "The benefits of second life creation can be passed on to our customers in the form of reduced costs. Then, at the end of their lives, our batteries will be recycled, thereby minimizing waste and harm to the environment, a core part of the REVA Born Green philosophy."
Prior to its new car, the REVA NXR, going into production early 2010, REVA has tested its lithium ion battery packs intensively. Working with ZEM will advance the understanding of the actual real-life data being collected - key to improving battery technology and making EVs more accessible to all.