California-based Biliti Electric has unveiled the World’s first Hydrogen Fuel Cell (HFC) powered electric three-wheeler, called FastMile. The company claims that the FastMile electric three-wheeler has a quick refueling time of less than 3 minutes and offers a long range of up to 130 miles.
The electric vehicle offers gradeability of 20° and has a payload capacity of 1500 lbs. The manufacturer states that the FastMile electric 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.
Speaking of the difference between BEVs and FCEVs, BEVs consist of a large battery to store electricity, while the FCEVs generate their own electricity with a hydrogen fuel cell.
Presently, the international three-wheeler refueling market is worth $40 Billion annually. At a price point of $7/kg of hydrogen, 3W FCEVs achieve price parity with their conventional counterparts fueled by petrol or diesel.
Currently, the production cost of grey hydrogen (produced using fossil fuels) is 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.
Biliti’s SmartSwappTM technology allows the swapping of vehicle batteries in less than a minute. Earlier, Luxembourg based GEM Global Yield LLC had committed $400 million to Biliti as a Share Subscription Facility. Additionally, it has also announced its plans to set up the world’s largest electric three-wheeler manufacturing facility in India.
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