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Sri Lanka’s 1.2 million ‘Tuks’ to undergo ‘e-Wheel’ Revolution

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Sanjeewa Bandaranayake – Head of Sustainable Finance Peoples Leasing & Finance PLC, Shirendra Lawrence - LeMS Co-Founder & Director and Pradeep Amirthanayagam – Chairman Peoples Leasing & Finance PLC exchanging MOUs with Shamindra Marcelline - Chief Executive Officer of Peoples Leasing & Finance PLC, standing by.

Electric three wheel battery swapping technology arrives

A clean and affordable transportation solution is now available for Sri Lanka’s 1.2 million three wheelers with Lanka E-Mobility Solutions (Private) Limited (LeMS), introducing electric three wheel battery swapping technology, branded ‘e-wheel’ to local owners, a news release from the promoters said.

“The launch of this novel battery swapping technology means the three-wheeler owner no longer has to purchase a costly battery, or worry about end-of-life replacement, while the battery swapping process takes a mere two minutes!

“The most expensive component in any electric vehicle is the battery and when converting a petrol three-wheeler to an e-wheeler, the owner does not need to pay for the batteries as they are owned and managed by LeMS, as are the Swapping Stations. The e-wheeler owner only pays for the energy used on a ‘pay-as-you-go’ basis,” the release said.

This marks a significant milestone in Sri Lanka’s journey towards sustainable transportation, with its founders being driven by the urgent need to reduce carbon emissions and combat harmful air pollution, it claimed.

“Sri Lanka’s 1.2 million three wheelers currently guzzle a staggering 5.5 million liters of petrol a day and each ‘e-wheel’ will help reduce that figure. The e-wheel driver, often the breadwinner of the family, with a mere Rs 450,000 investment, can now save nearly Rs 20,000 per month”, said Managing Director of LeMS, Chaminda Rajapakse. “The advantages are prodigious, with savings on valuable FOREX spent on fuel imports, lubricants, and routine maintenance spare parts”.

LeMS was conceived in 2020 and incubated by Island Climate Initiative (ICI) over the last two years. ICI facilitates investment in circular economy, smart agriculture, and clean energy projects, and is dedicated to revolutionizing Sri Lanka’s transport industry with cutting-edge electric technology, the release said.

“We take existing petrol three wheelers, remove their engine and replace it with a brand-new electric powertrain. The entire conversion process takes just two hours. Once converted, the vehicle can immediately start using our battery swapping services”, said LeMS Co-Founder & Director, Shirendra Lawrence.

He added that battery swapping stations will initially be conveniently located across Colombo and its immediate suburbs, with expansions to Galle and Kandy already being planned. “Once converted, no oil changes or services are required. “What’s more,  to run a petrol three wheeler  costs over Rs 20 a km, whereas the cost of running an ‘e wheel’ is less than Rs 15 a km . With Sri Lanka having more three-wheelers per capita than even India, the birthplace of three wheelers, LeMS is committed to electrifying the country’s tuk fleet”.

“We, at Peoples Leasing & Finance PLC, are thrilled to be the exclusive finance and leasing partner in this groundbreaking e-Wheel Revolution. This initiative is not just a technological advancement; it aligns seamlessly with our commitment to Environmental, Social, and Governance (ESG) principles and represents a pivotal milestone in our sustainability roadmap” said Shamindra Marcelline Chief Executive Officer of Peoples Leasing & Finance PLC.

He went on to say that “by supporting Lanka E-Mobility Solutions (LeMS) in introducing this innovative electric three-wheel battery swapping technology, branded as the ‘e-wheel,’ we are contributing to a cleaner and more sustainable transportation solution for Sri Lanka. This project is a crucial component of our broader sustainability initiatives, aiming to reduce carbon emissions and combat air pollution”

LeMS uses technology developed and tested for over six years by RACEnergy, a Hyderabad based deep-tech company dedicated to advancing electric mobility. “We simply have the most advanced, lightest, safest and most energy dense swappable battery in the market’ said Arun Sreyas, co-founder RACEnergy.

LeMS’ innovative solution, being revolutionary and affordable, will mean more vehicle owners will be able to go green sooner, rather than later, the release concluded.



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Rs 160 million + diesel discrepancy at Lakvijaya power plant prompts probe

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The Lakvijaya power plant in Norochcholai.

By Ifham Nizam

A Rs.160 million-plus diesel discrepancy at the Lakvijaya power plant in Norochcholai has triggered an internal investigation, raising questions over the handling of public funds and the controls governing fuel purchased for electricity generation.

The discrepancy surfaced during an internal audit of diesel supplied to the plant from the Kolonnawa and Sapugaskanda fuel terminals, according to senior officials familiar with the inquiry.

The audit has identified five transactions—two in December 2025 and three in January 2026—in which diesel recorded as delivered to the plant allegedly could not be fully accounted for in its physical stocks.

The investigation is now examining whether these were isolated discrepancies or part of a longer-running practice.

One transaction under scrutiny relates to January 16, when records reportedly showed that 10 diesel bowsers had arrived at the plant. Investigators subsequently found indications that the fuel stock corresponded to only nine bowsers.

A storekeeper responsible for the relevant fuel operation has reportedly been temporarily removed from those duties pending the investigation.

A senior official said investigators were reviewing historical records amid indications that similar discrepancies may have occurred over a longer period. If established, the financial exposure could therefore exceed the Rs.160 million currently identified.

The investigation is comparing fuel-terminal dispatch records, tanker movements, plant-entry records, receiving documents and physical stocks to establish exactly how much fuel was dispatched, received and accounted for.

That audit trail will also be critical in determining who authorised, received and certified the disputed consignments, and whether established controls were followed.

Relevant documents were reportedly transferred from Norochcholai to the company’s Colombo head office on September 26 for further examination, with electricity-sector security personnel assisting in the transfer.

The internal audit has also reportedly uncovered expired chemical stocks worth several hundred thousand rupees in the plant’s stores. Investigators are examining whether further inventory-management irregularities occurred.

The matter was also reportedly taken to the Puttalam Police Special Crimes Investigation Unit on September 26.

When contacted by Puttalam-based journalist Hiran Priyankara Jayasinghe for The Island Financial Review, Lakvijaya Power Plant Manager Nalaka Kumara confirmed that an investigation was under way but declined to provide further details.

The financial issue is direct: if the plant paid for diesel it did not receive, public-sector funds were spent without the electricity sector receiving the corresponding fuel.

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Sri Lanka Food Processors Association holds 29th Annual General Meeting

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The Sri Lanka Food Processors Association (SLFPA) successfully convened its 29th Annual General Meeting (AGM) on September 23, 2026, at the Water’s Edge Hotel, Battaramulla. Bringing together key industry stakeholders and member organizations, the event served as a platform to review milestone achievements from the 2025/2026 term and outline strategic priorities for the nation’s food and beverage processing sector.

At the AGM, the new Executive Committee for 2027/2028 was appointed, comprising: Honorary President Aruna Senanayake C.W. Mackie PLC Imme. Past President Thusith Wijesinghe Trans Continental Packaging & Commodities (Pvt) Ltd.

President Elect Nadishan Guruge Meadlee Trading Co. (Pvt) Ltd.

1st Vice President Damitha Perera Forbes & Walkers Commodity Brockers (Pvt) Ltd.

2nd Vice President Rasika Seneviratne Diesel & Motor Engineering PLC 3rd Vice President Deepal De Alwis Neochem International (Pvt) Ltd.

Honorary Secretary Amila Weerasinghe Nestle Lanka Limited.

Asst. SecretaryDineth Alahakoon Country Style Foods (Pvt) Ltd.

Honorary Treasurer Sameera Jayathilaka Westmann Engineering Company (Pvt) Ltd.

Asst. Treasurer Niroshan Dalpethado C D De Fonseka & Sons (Pvt) Limited. In addition to the above office bearers, the following ten Executive Committee Members were appointed:

Sanjeewa De Silva Unilever Sri Lanka Limited Sheran De Alwis MA’S Tropical Food Processing (Pvt) Limited

Thusitha Ekanayake Anods Cocoa (Pvt) Ltd.

Vijitha Govinna Plenty Foods (Pvt) Limited Ms. Praharshi Wickramasekara International Commodity Exports (Pvt) Ltd.

Sanjeewa Niroshan SGS Lanka (Pvt) Ltd. Kushan Amarasinghe Finagle Lanka (Pvt) Ltd.

Rangajeewa Hettiarrachchi Fonterra Brands Lanka (Pvt) Ltd.

Harindra Abeyrathna Vision Technologies International (Pvt) Ltd. Thilina Weerasekara Ceylon Cold Stores PLC

The event was proudly supported by key industry partners, with SGS Lanka (Pvt) Ltd serving as the Platinum Sponsor. Unilever Sri Lanka Ltd. and Nestlé Lanka Ltd. joined as Gold Sponsors, Ceylon Agro Industries – Prima as the Silver Sponsor, while Lanka Exhibition & Conference Services (LECS) and Hero Nature Products (Pvt) Ltd., supported as Bronze Sponsors.

The proceedings concluded with a vote of thanks delivered by Hony. Secretary Deepal De Alwis, followed by cocktails and a fellowship networking session, providing an opportunity for members to connect and strengthen industry ties.

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Uber brings the ‘business class of back seats’ to Sri Lanka with Uber Black

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New premium ride option expands Uber’s portfolio from affordable Moto and Tuk rides to premium on-demand travel

Uber announced the launch of Uber Black in Sri Lanka, bringing its premium ride experience to the country for the first time. Designed as the “business class of back seats,” Uber Black combines premium vehicles and highly-rated drivers for riders looking for greater comfort, quality and a more elevated travel experience.

The launch comes as demand for premium products and experiences grows across Sri Lanka, with consumers seeking greater choice and quality in their everyday experiences. Uber Black brings this choice to on-demand mobility, whether for an airport journey, an important business meeting, a special occasion or simply when riders want to travel in greater comfort.

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