E-Rickshaw Battery Market Size & Share Analysis - Growth, Trends, And Forecasts (2025 - 2030)

The Report Covers the E-Rickshaw Battery Market Size & Share and is Segmented by Battery Type (Lead-Acid Battery, Lithium-Ion Battery, and Other Batteries), by Vehicle Type (Passenger Carrier and Goods Carrier), and by Geography (North America (United States, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Thailand, Malaysia, Indonesia, Vietnam, Rest of Asia-Pacific), Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Egypt, Nigeria, Qatar, Rest of Middle East and Africa), and South America (Brazil, Argentina, Chile, Rest of South America)). The Report Offers Value Terms in USD for the Abovementioned Segments.

E-Rickshaw Battery Market Size & Share Analysis - Growth, Trends, And Forecasts (2025 - 2030)

E-Rickshaw Battery Market Size

E-Rickshaw Battery Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 2.20 Billion
Market Size (2030) USD 6 Billion
CAGR (2025 - 2030) 22.23 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

E-Rickshaw Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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E-Rickshaw Battery Market Analysis

The E-Rickshaw Battery Market size is estimated at USD 2.20 billion in 2025, and is expected to reach USD 6.00 billion by 2030, at a CAGR of 22.23% during the forecast period (2025-2030).

  • Over the medium term, the growing adoption of e-rickshaws aided by government initiatives and the lower operational and maintenance costs compared to traditional fossil fuel-powered rickshaws are expected to drive the e-rickshaw battery market during the forecast period.
  • On the other hand, the lack of widespread and accessible charging infrastructure and the limited range of e-rickshaws can hinder the growth of the e-rickshaw battery market during the forecast period.
  • Ongoing advancements in battery technologies, such as increased energy density and the implementation of battery-swapping infrastructure for e-rickshaw, are likely to create vast opportunities for the e-rickshaw battery market.
  • Asia-Pacific is expected to be a dominant region in the e-rickshaw market due to the increasing adoption of battery-powered vehicles.

E-Rickshaw Battery Industry Overview

The e-rickshaw battery market is semi-fragmented. Some key players in the market (not in any particular order) include Exide Industries Ltd, Eastman Auto & Power Ltd, Amara Raja Energy & Mobility Limited, Okaya Power Private Limited, and TATA AutoComp GY Batteries Pvt. Ltd.

E-Rickshaw Battery Market Leaders

  1. Exide Industries Ltd

  2. Eastman Auto & Power Ltd

  3. Amara Raja Energy & Mobility Limited

  4. TATA AutoComp GY Batteries Pvt. Ltd.

  5. Okaya Power Private Limited

  6. *Disclaimer: Major Players sorted in no particular order
E-Rickshaw Battery Market Concentration
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E-Rickshaw Battery Market News

  • May 2024: Piaggio announced plans to offer a battery subscription model for Ape Electric 3W at USD 3100 thousand. The company's new Battery Subscription Model will make three-wheeler EV ownership even more attractive. The battery subscription model strives to revolutionize three-wheeler ownership with more affordability by separating the upfront cost of the vehicle from the cost of the battery.
  • September 2023: Mahindra, a leading e3-wheeler manufacturer in India, announced plans to introduce the EALFA Super Rickshaw. This innovative vehicle boasts an enhanced range to improve the overall performance and efficiency of last-mile connectivity solutions. The EALFA Super Rickshaw has been designed to meet customers' evolving needs, ensuring a comfortable and reliable ride. Mahindra's commitment to sustainability and advanced technology continues to drive its success in the e3-wheeler market.

E-Rickshaw Battery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Growing Adoption of E-Rickshaws Aided By Government Initiatives
    • 4.5.1.2 Lower Operational and Maintenance Costs Compared to Traditional Fossil Fuel-powered Rickshaws
    • 4.5.2 Restraints
    • 4.5.2.1 Lack of Widespread and Accessible Charging Infrastructure and Limited Range of E-rickshaws
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Battery Type
    • 5.1.1 Lead-acid Battery
    • 5.1.2 Lithium-ion Battery
    • 5.1.3 Other Batteries
  • 5.2 Vehicle Type
    • 5.2.1 Passenger Carrier
    • 5.2.2 Goods Carrier
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 Nordic
    • 5.3.2.7 Russia
    • 5.3.2.8 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Thailand
    • 5.3.3.6 Malaysia
    • 5.3.3.7 Indonesia
    • 5.3.3.8 Vietnam
    • 5.3.3.9 Rest of Asia-Pacific
    • 5.3.4 Middle East and Africa
    • 5.3.4.1 Saudi Arabia
    • 5.3.4.2 United Arab Emirates
    • 5.3.4.3 South Africa
    • 5.3.4.4 Egypt
    • 5.3.4.5 Nigeria
    • 5.3.4.6 Qatar
    • 5.3.4.7 Rest of Middle East and Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Chile
    • 5.3.5.4 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted & SWOT Analysis for Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Exide Industries Ltd
    • 6.3.2 Eastman Auto & Power Ltd
    • 6.3.3 Amara Raja Energy & Mobility Limited
    • 6.3.4 Okaya EV Pvt. Ltd
    • 6.3.5 TATA AutoComp GY Batteries Pvt. Ltd
    • 6.3.6 Microtex Energy Private Limited
    • 6.3.7 Sparco Batteries Pvt. Ltd
    • 6.3.8 Gem Batteries Pvt. Ltd
    • 6.3.9 Alsym Energy Inc.
  • *List Not Exhaustive
  • 6.4 List of Other Prominent Companies (Company Name, Headquarter, Relevant Products & Services, Contact Details, etc.)
  • 6.5 Market Ranking Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Implementation of Battery-swapping Infrastructure for E-rickshaws
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E-Rickshaw Battery Industry Segmentation

An e-rickshaw battery is a power storage device specifically designed to supply electric energy to e-rickshaws, three-wheeled electric vehicles used primarily for short-distance public transportation. These batteries, typically available in lead-acid and lithium-ion variants, provide the necessary energy to drive the electric motor, enabling the e-rickshaw to operate efficiently. Key attributes of these batteries include their capacity, charging time, lifespan, and cost, all of which significantly impact the performance, range, and overall economic viability of the e-rickshaw.

The e-rickshaw battery market is segmented into battery type, vehicle type, and geography. By battery type, the market is segmented into lead-acid battery, lithium-ion battery, and other batteries. By vehicle type, the market is segmented into passenger carrier and goods carrier. The report also covers the market size and forecasts for the e-rickshaw battery market across major regions. The report offers value terms in USD for the abovementioned segments.

Battery Type Lead-acid Battery
Lithium-ion Battery
Other Batteries
Vehicle Type Passenger Carrier
Goods Carrier
Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Spain
Nordic
Russia
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Thailand
Malaysia
Indonesia
Vietnam
Rest of Asia-Pacific
Middle East and Africa Saudi Arabia
United Arab Emirates
South Africa
Egypt
Nigeria
Qatar
Rest of Middle East and Africa
South America Brazil
Argentina
Chile
Rest of South America
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E-Rickshaw Battery Market Research Faqs

How big is the E-Rickshaw Battery Market?

The E-Rickshaw Battery Market size is expected to reach USD 2.20 billion in 2025 and grow at a CAGR of 22.23% to reach USD 6 billion by 2030.

What is the current E-Rickshaw Battery Market size?

In 2025, the E-Rickshaw Battery Market size is expected to reach USD 2.20 billion.

Who are the key players in E-Rickshaw Battery Market?

Exide Industries Ltd, Eastman Auto & Power Ltd, Amara Raja Energy & Mobility Limited, TATA AutoComp GY Batteries Pvt. Ltd. and Okaya Power Private Limited are the major companies operating in the E-Rickshaw Battery Market.

Which is the fastest growing region in E-Rickshaw Battery Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in E-Rickshaw Battery Market?

In 2025, the Asia Pacific accounts for the largest market share in E-Rickshaw Battery Market.

What years does this E-Rickshaw Battery Market cover, and what was the market size in 2024?

In 2024, the E-Rickshaw Battery Market size was estimated at USD 1.71 billion. The report covers the E-Rickshaw Battery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the E-Rickshaw Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

E-Rickshaw Battery Industry Report

Statistics for the 2025 E-Rickshaw Battery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. E-Rickshaw Battery analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.