This experimental study investigates the performance of Lead Acid Battery driven Electric Rickshaws (E-Rickshaws) enhanced with a Capacitor Bank. With a growing demand for sustainable urban transportation solutions, E-Rickshaws have emerged as a promising option. However, challenges such as limited battery life and variable performance under different load conditions persist. In this research, we explore the application of a Capacitor Bank circuitry to mitigate these challenges. The study involves a series of performance tests conducted on E-Rickshaws equipped with the proposed hardware model. Key parameters, including charging current, charging time, and discharging current under varying load conditions, are rigorously analyzed. Our experimental results reveal substantial improvements in E-Rickshaw performance when compared to conventional Lead Acid Battery-driven models. Notably, reductions in starting current and minimized power fluctuations, especially under full load conditions, lead to a smoother and more efficient driving experience. Crucially, the extended battery life resulting from these hardware enhancements demonstrates the economic viability of the modified E-Rickshaw prototype. This research contributes valuable insights into the sustainable transformation of urban transportation, with implications for both performance optimization and economic feasibility in the E-Rickshaw industry.