That’s — really think of it as a complementary business in that particular case. Now, batteries — on our batteries, there is a lot of life left actually after mobility. For us, the ability for the battery pack to power a family of two up a very, very steep bill, will require the battery to be in a certain amount of state of health in order to not have that voltage drop. Now, the ability for us to actually use that battery post that life, there’s still plenty of actually cycles and life left in those batteries. We’re now working on a lot of solution to enable, as Bruce said earlier in the call, to use that battery pack to also create both UPS solution or our backup solutions as well as storage solutions. Don’t have too much to share other than we’re working on that technology because there’s just so much more life left in the batteries that we have in the field today.
Since we launched the platform, not many battery packs have actually been retired off the network. And for us to actually see that in volume, it was going to take many more years in order to do that. But in a sense, we’re preparing to that. Now, when it comes to can we actually create battery packs and create solutions there storage and sell it. I think that there’s always room for a lot of technologies to apply to sustainability. We are one of the largest consumers of battery cell in our industry because the sheer size of the deployment that we have, we have now over 1 million battery packs deployed. And we will continue to work on creating these packs and enabling different parts of the world to take advantage of them.
Operator: Thank you. [Operator Instructions] And I’m showing no current questions in the queue. I’ll hand it back to you, Michael.
Michael Bowen: Thank you, operator. At this time, I will hand the conference back over to Horace for a few closing remarks. Horace?
Horace Luke: Great. Thanks, Michael. If I could leave you guys with three simple takeaways, they would be, number one, we continue to work tirelessly to open the India market. I’m proud of the work that the team on the ground has put in and we’re on the verge of great things in India. We’re thankful for the support of the Maharashtra government. The program they created for us and the amount of support financially they have actually lend us, it really is a program, first of its kind in India. And I think that will really help us achieve a successful launch in India overall, not just in the state of Maharashtra, but overall in India. The second point I want you guys to take away is that the Taiwan EV market and our sticky subscriber base will continue to grow, and the trend to electrification will continue both in Taiwan and in other countries.
We’re pleased to work with the government in both Taiwan and India to assist in this transition. Number three, product and technology improvements and upgrades are important, and localizing manufacturing will also help reduce cost. Our technology and platform ecosystem remains best in class, and we look forward to making that ecosystem available more broadly as we expand internationally. Thanks for calling in, and thanks for supporting Gogoro as we seek to make smart, swappable energy available to every urban rider in the world. Thank you, everyone.
Operator: The conference has now concluded. Thank you for attending today’s call. You may now disconnect.
