Ankit Sharma - All India EV

Top EV Stocks in India Set to Benefit from PM E-DRIVE Scheme

Leave a Comment / Market Insights / Ankit Sharma

Top EV Stocks in India Set to Benefit from PM E-DRIVE Scheme On September 11, 2024, Prime Minister Narendra Modi’s Union Cabinet approved a significant initiative – the ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme.’ With a budget of ₹109 billion allocated over two years, the scheme marks a pivotal moment in India’s push towards electric vehicles (EVs). This comprehensive plan seeks to accelerate the country’s transition to sustainable mobility through financial incentives, public transportation electrification, and infrastructure development. Here in this content, we have explored the top 5 EV stocks in India that are going to benefit from the PM E-Drive Scheme. Key Elements of the PM E-DRIVE Scheme The PM E-DRIVE Scheme is designed to promote the widespread adoption of electric vehicles across various segments of the automotive market, ranging from two-wheelers to public transportation. Here are the primary components of the initiative: Demand Incentives: ₹36.8 billion has been allocated as demand incentives for electric two-wheelers, three-wheelers, trucks, ambulances, and other emerging EV technologies. These incentives are designed to reduce the upfront cost of EVs for consumers, making them a more attractive alternative to conventional vehicles. Public Transport Electrification: A notable ₹43.9 billion will be directed towards state transport undertakings and public transport agencies. The funds will support the procurement of 14,028 electric buses, contributing to the electrification of India’s public transportation infrastructure. This is a crucial step towards reducing pollution and promoting sustainable urban mobility. Charging Infrastructure Development: To address range anxiety, which is a significant concern for EV adoption, the government has allocated ₹20 billion to install public EV charging stations. These stations will be strategically placed in high EV penetration cities and along major highways, enabling a smoother transition for EV drivers. The launch of the PM E-DRIVE scheme had an immediate impact on the stock market, with shares of electric vehicle-related companies surging on September 12, 2024. Investors welcomed the government’s strong commitment to advancing the electric vehicle ecosystem, which is poised to place India at the forefront of the global EV revolution. Investors have already taken note of the government’s strong push toward a greener future. On September 12, 2024, the stock market saw a surge in EV-related companies as confidence grew in the new policy. Below are the top five EV stocks poised to benefit from the PM E-DRIVE Scheme. All India EV – Exclusive Membership Tata Motors (NSE: TATAMOTORS) Current Market Position: Tata Motors, a major player in the Indian EV space, holds approximately 70% of the market share. Its electric vehicle division, Tata Passenger Electric Mobility (TPEML), has driven the company’s growth, with popular models like the Nexon EV and Tigor EV gaining significant traction. Tata Motors has successfully positioned itself as a leader in the shift to electric mobility in India. Stock Market Outlook: Since the approval of the PM E-DRIVE scheme, Tata Motors’ stock has seen a steady rise. The company’s dominance in the EV market, coupled with the government’s incentives for EV adoption, positions it for further stock appreciation. Analysts expect that with increased demand for electric vehicles and expansion of public charging infrastructure, Tata Motors could continue to outperform. Investment Prospects: The company’s ongoing investment in lithium-ion battery production and its plans to transition into an EV-centric business by 2030 have garnered attention from long-term investors. The stock is considered a strong buy for those looking to capitalize on India’s electric vehicle growth story. Olectra Greentech (NSE: OLECTRA) Current Market Position: Olectra Greentech is a key player in the electric bus manufacturing sector, with over eight years of experience. The company has secured large orders for electric buses, including 5,150 units from Maharashtra State Road Transport Corporation (MSRTC) and 3,000 units from Brihanmumbai Electric Supply and Transport (BEST). Stock Market Outlook: Olectra Greentech’s shares surged following the PM E-DRIVE scheme announcement. The government’s push for public transportation electrification through the procurement of over 14,000 electric buses plays directly into Olectra’s business model. The company’s expanding manufacturing capacity further solidifies its growth potential, making it a promising stock in the EV sector. Investment Prospects: As the government provides incentives for electric buses, Olectra is set to benefit significantly. Investors are increasingly bullish on the company’s prospects, especially with its plans to ramp up production and meet growing demand. Olectra Greentech is a stock to watch for those interested in EV infrastructure and public transport electrification. Ashok Leyland (NSE: ASHOKLEY) Current Market Position: Ashok Leyland is the second-largest manufacturer of commercial vehicles in India, with a growing presence in the electric bus and truck market. The company is actively working to electrify its vehicle portfolio, with notable contracts for electric buses in Delhi and Bangalore. Stock Market Outlook: Following the PM E-DRIVE scheme, Ashok Leyland’s stock saw increased interest from investors. The company’s ongoing delivery of electric buses and trucks aligns well with the government’s focus on public transport electrification. The government incentives for commercial EVs make Ashok Leyland a stock with strong growth potential. Investment Prospects: With the company’s expansion into electric trucks and its existing contracts for electric buses, Ashok Leyland is well-positioned to capture a larger share of the EV market. Its diversified presence across both commercial and electric vehicles makes it a solid long-term investment as the PM E-DRIVE scheme fuels demand for commercial EVs. Bajaj Auto (NSE: BAJAJ-AUTO) Current Market Position: Bajaj Auto has made significant inroads into the electric two-wheeler segment, with its flagship model, the Bajaj Chetak. The company reported robust sales of over 40,000 units in the most recent quarter, signaling strong demand in the EV space. Bajaj’s partnership with Yulu, a shared electric mobility startup, further strengthens its foothold in the urban electric mobility market. Stock Market Outlook: Bajaj Auto’s stock has seen a notable uptick, supported by strong sales of the Chetak electric scooter and the government’s incentives for electric two-wheelers under the PM E-DRIVE scheme. As demand for electric two-wheelers grows, Bajaj Auto is expected to be one of the biggest beneficiaries

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Market of On-Demand EV Charging Globally

Leave a Comment / Guest Articles / Ankit Sharma

Exploring the market of on-demand ev charging both in India and global, present and demand growth in near future If we look upon major problems being faced by EV users, it is unavailability of Reliable Charging Infrastructure which guarantee uptime, accessibility, capacity & hygiene maintenance. We have many a EV Charging services companies or Charge point operators (CPO) in India who are trying to solve these common problems to provide seamless & guaranteed charging services to EV Users. CPOs faces many a challenge while developing the Charging Infrastructure which includes, finding a right EVSE (Electric Vehicle Supply Equipment) OEM to maintain the uptime, Real-estate with driving & parking accessibility & Electrical Infrastructure(DISCOM Electricity Connection) with adequate capacity for fast charging. Principally, EV Charging is a business of energy or electricity services, hence, Distribution companies (DISCOMs) play a major role here in the business of Charging services and requires active participation. Here in India, DISCOMs, are unable to provide adequate electrical infrastructure for setting up of charging station due to its unfavourable policies, tariff uncertainty, lengthy approval process, limited grid capacity and regulatory barriers which narrows down the overall development growth of EV Charging Infrastructure. Essentially, On-demand EV Charging Infrastructure having following two facets; one will be in terms of planning a Infrastructure demanded by EV users or analysed by CPOs, another will be development of self-powered Mobile Charging equipment integrated with vehicle platform. Let’s understand the key components for both the approaches to fulfil On-demand EV Charging – Immovable/Fixed EV Charging InfrastructureMovable/Mobile or on-demand ev charging Solutions Immovable/Fixed EV charging infrastructure refers to fixed charging stations that are permanently installed at specific locations such as parking lots, homes, businesses, or public places. These stations provide electric vehicle (EV) owners with consistent access to charging facilities at designated points, often connected to the grid or renewable energy sources and can be accessible using Mobile or web-based applications. Level Power Type Voltage (V) Power (kW) Type of Vehicle Type of Compatible charger/connector Level 1 AC 1p, 240Vac <=3.6 Kw 4w ,3w,2w Type 2 Cordset, Bharat AC-001 Level 2 AC 1p/ 3p, 380-400Vac <=22 kW 4w,3w,2w Type 2 wall mounted, Bharat AC001 Level 3 AC 1p/ 3p, 380-400Vac Up to 22 kW 4w Type 2 Wall mounted DC 200-1000Vdc Up to 500 kW 4w Type 2, CHAdeMO, GB/T, CCS2, Bharat DC001 Benefits of Immovable Charging Infrastructure: Reliability: Fixed stations ensure consistent access to charging, reducing range anxiety for EV owners. Scalability: As the number of EVs increases, immovable infrastructure can be scaled in urban and suburban areas. Cost-Effective for Frequent Users: For EV owners who regularly commute or travel specific routes, fixed charging stations are often more cost-effective than mobile charging solutions. Integration with Renewable Energy: Many immovable charging stations are integrated with renewable energy sources like solar or wind, enhancing environmental sustainability. Challenges with stand alone charging stations: High Installation Costs: Setting up immovable charging infrastructure requires significant investment in equipment, permits, and sometimes grid upgrades. Space Requirements: Dedicated space is needed for each charging station, which can be a challenge in densely populated areas. Limited Flexibility: Unlike on-demand or mobile charging solutions, fixed stations are location-dependent, which may limit their accessibility for all users. Grid Dependence: Immovable stations rely heavily on the local electricity grid, making them vulnerable to power outages unless they have backup systems like energy storage. Movable or mobile EV / on-demand charging infrastructure refers to non-stationary charging solutions that can be transported and deployed to charge electric vehicles (EVs) at any location. These charging solutions provide flexibility and convenience, allowing EV owners to charge their vehicles without the need for a fixed charging station. Mobile charging is especially useful in areas where permanent infrastructure is lacking or when an EV is stranded due to low battery. Benefits of Movable/Mobile Charging Solutions: Flexibility: Mobile chargers can be deployed anywhere, making them ideal for locations without permanent charging infrastructure or for users who require charging on the go. Emergency Support: Mobile charging services are invaluable in emergency situations when EVs run out of battery power in remote or hard-to-reach locations. Temporary Solutions: Mobile charging units can be deployed temporarily in areas with high, seasonal, or event-driven demand without needing permanent infrastructure. Movable or on-demand EV charging has a variety of use cases across different sectors. One prominent use is in roadside assistance, where mobile charging vans provide immediate help to EV drivers stranded with a dead battery, offering a quick charge to help them reach the nearest charging station. Fleet operators, including companies managing fleets of electric vehicles for delivery services or ride-hailing firms, can benefit greatly from mobile charging units as these allow their vehicles to remain operational without the need for fixed charging infrastructure. Similarly, large public events such as festivals or sporting events can use mobile charging units to offer temporary charging solutions for electric vehicles in high-traffic areas. Mobile charging is also beneficial in remote or underdeveloped regions where traditional charging infrastructure is not yet available, offering much-needed support to both local residents and travelers. Globally, there are distinct trends in the adoption of movable or on-demand EV charging infrastructure. In the United States, companies like SparkCharge are pioneering the market by providing app-based services that enable users to request on-demand charging at their location. In Europe, particularly in densely populated urban centers, companies like Chargery in Germany focus on offering convenient mobile charging solutions, helping to reduce range anxiety in areas with limited fixed infrastructure. Meanwhile, in China, the rapid increase in EV adoption has led to significant investment in mobile charging solutions, especially among fleet operators and logistics companies seeking to keep their vehicles running smoothly. In India, the market for mobile EV charging is still in its early stages but has great potential. Startups like Log9 have launched mobile charging units to support the fast charging of two- and three-wheeler fleets, with 15 units already in operation. This is particularly important in a country where EV adoption is in its nascent

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Delta New HQs Building and Global R&D Centre in Bengaluru

Leave a Comment / EV News / Ankit Sharma

Delta Inaugurates its New India HQs Building and Global R&D Centre in Bengaluru to Strengthen its Local Capabilities Delta, global leader in power management and a provider of IoT-based smart green solutions, today announced the inauguration of its new LEED Gold-certified India headquarters (HQ) green building and its new Global Research & Development (R&D) Centre in Bengaluru. Strategically located in the vibrant Bommasandra Industrial Area, the 61,000-square-meter HQs green building has the capacity to house up to 3,000 management, R&D and engineering professionals as Delta deepens its commitment to the Indian market. Moreover, Delta is expected to employ up to 750 R&D engineers over the next 3 years to strengthen its unique capabilities in developing smart, energy-saving high-voltage power management solutions for telecom, data centres, EV charging, and energy storage applications, as well as IoT, AI-related software, all tailored for India’s transformation. The Deputy Chief Minister of Karnataka, Shri, D.K Shiva kumar also congratulated Delta on this occasion, highlighting the company’s significant contributions to the state’s growing technological and industrial ecosystem, reinforcing its position as a leader in innovation and sustainability. The inauguration of Delta Electronics India’s new headquarters and global R&D center is a testament to Karnataka’s growing leadership in technology and innovation. We at KEONICS are proud to support initiatives that foster economic growth, job creation, and technological advancements Mr. Sharath Kumar B, Chairman, KEONICS Underlining Delta’s focus on accelerating its investments in India, Mr. Benjamin Lin, President of Delta Electronics India, said, “Our new India HQs building and Bengaluru R&D centre not only enhance Delta’s capabilities in India, but also strengthen our global footprint. This milestone underscores our investment in India’s growing technological landscape and aligns with our Company’s “India for India” talent initiative, which aims to foster local innovation to also serve customers worldwide. Commenting on the new campus inauguration, Mr. Niranjan Nayak, Managing Director of Delta Electronics India, said, “This new R&D centre reflects our vision for the future. It is designed to be a hub for innovation, focusing on the latest advancements in power electronics while maintaining a strong commitment to sustainability. We believe this facility will be a cornerstone of our growth strategy, enabling us to meet the evolving needs of our customers.“ The new LEED Gold-certified Delta India HQs and R&D Centre in Bengaluru offers an immersive experience with its brand-new 480sqm showroom, which demonstrates Delta’s cutting-edge IoT-based smart green solutions. The state-of-the art facility features a 593kW solar PV system capable of generating over 650,000 kWh of electricity annually through Delta’s own 100kW PV inverters, which boast peak energy efficiency as high as 99.0%. A set of 82 variable frequency drives CP2000 series help to automate and optimize the energy efficiency of the building’s HVAC system. In addition, the facility houses a 300kW data centre operating with an annual power usage effectiveness (PUE) as low as 1.4 thanks to Delta’s high-efficiency uninterrupted power supplies (UPS) and precision cooling systems. Last but not least, fixed dome network cameras from Delta’s surveillance subsidiary VIVOTEK optimize the security of the new building. Key Highlights of the New Facility: Focus on Innovative R&D Capabilities: The facility is currently supports over 300 engineers with plans to expand to 750 R&D engineers within the next three years. The layout includes dedicated spaces for energy storage, automotive design, and lower power R&D testing. The Global R&D Centre is equipped with advanced labs for high-voltage product testing, medium voltage power quality assessment, and a cutting-edge radio emission chamber. Employee-Centric Design: Spanning an area of 61,000 sq. meters, the new Delta India HQs building is expected to employ a total of 3,000 employees over the next five years. alongside employee well-being areas such as leisure activities, a canteen, and recreation zones. Sustainability at its Core: Reflecting Delta’s commitment to sustainability, the facility features a 593kW solar power capacity, a smart surveillance system for enhanced security, and comprehensive green building initiatives including rainwater harvesting with a capacity of 356KL, an underground water tank, and water-cooled chillers that align with sustainable building practices. Additionally, the Green Energy Data Center and Demo Room demonstrate Delta’s leadership in energy-efficient solutions and green initiatives. Strategic Investment for Future Growth Delta’s investment in the Bengaluru R&D facility is a testament to its strategic vision for fostering innovation and supporting its global objectives. The facility will play a crucial role in advancing power electronics and sustainable solutions, contributing significantly to Delta’s position as a global leader. Join All India EV Community Click here for more such EV Updates

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Sodium-Ion Battery: Market Challenges and Key Industry Players

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Challenges facing the Sodium-Ion Battery market: Cost and Scalability issues, and Key companies driving innovation in EV technology Sodium-ion battery (SIBs) is gaining attention as a promising alternative to lithium-ion batteries, which currently dominate the energy storage market. Unlike lithium, sodium is more abundant and widely distributed across the globe, offering a more sustainable and potentially less expensive option for battery production. Sodium-ion batteries operate similarly to lithium-ion batteries, using sodium ions as the charge carriers. In the context of electric vehicles (EVs), sodium-ion batteries present a viable solution to some of the critical issues facing the current lithium-ion technology. The increasing demand for EVs is driving the need for scalable, cost-effective, and environmentally friendly battery technologies. Sodium-ion batteries could reduce reliance on scarce lithium resources and mitigate the environmental impacts associated with lithium extraction and processing. Additionally, sodium-ion batteries have the potential to offer competitive performance in terms of energy density and cycle life, making them a key player in the future of sustainable energy storage. As the EV market continues to expand and the global push for renewable energy intensifies, sodium-ion batteries are poised to play an increasingly important role. While the technology is still in the developmental stage, ongoing research and investment are driving rapid advancements, positioning sodium-ion batteries as a critical component in the transition to cleaner, more sustainable energy systems Current Global Market Challenges in Sodium-Ion Batteries Cost Competitiveness: Sodium-ion batteries are not yet cost-competitive with lithium-ion batteries. Although sodium is more abundant and less expensive than lithium, the overall cost of producing sodium-ion batteries remains high due to the need for specialized materials and manufacturing processes. This includes the development of high-performance anodes and electrolytes, which are currently more costly and less efficient compared to those used in lithium-ion batteries. Overcoming this cost barrier is crucial for sodium-ion batteries to gain market traction, especially in price-sensitive applications like electric vehicles (EVs) and large-scale energy storage systems. Performance Limitations: One of the major technical challenges with sodium-ion batteries is their lower energy density compared to lithium-ion batteries. Sodium ions are larger and heavier than lithium ions, which results in reduced storage capacity and efficiency. This lower energy density limits the application of sodium-ion batteries in high-performance settings, such as EVs, where energy density is a critical factor. Although research is ongoing to enhance the performance of sodium-ion batteries, significant advancements are needed to close the gap with lithium-ion technology. Manufacturing and Scalability: The sodium-ion battery industry is still in its infancy, and the infrastructure for large-scale production is underdeveloped. While companies like BYD and others are investing in sodium-ion battery gigafactories, the current manufacturing processes are not as mature or streamlined as those for lithium-ion batteries. This lack of established manufacturing capabilities presents a barrier to scaling production to meet global demand, particularly in the face of increasing competition from other battery technologies. Supply Chain and Material Challenges: While sodium is abundant, other materials critical to sodium-ion batteries, such as cathode materials (e.g., layered oxide materials), are less common and can be difficult to source at scale. Additionally, the supply chain for these materials is not as well-established as that for lithium-ion batteries, leading to potential bottlenecks in production. The development of a reliable and sustainable supply chain is essential for the long-term viability of sodium-ion batteries in the global market. Regulatory and Standardization Issues: The sodium-ion battery market lacks the regulatory framework and standardization that exists for lithium-ion batteries. This can create uncertainties for manufacturers and end-users, especially in terms of safety, performance standards, and compatibility with existing infrastructure. Establishing clear regulatory guidelines and industry standards will be critical for building confidence in sodium-ion technology and encouraging broader adoption. Key Global Companies in Sodium-Ion Battery Research for EVs Contemporary Amperex Technology Co. Ltd. (CATL) – A major Chinese battery manufacturer, CATL is leading the charge in sodium-ion battery research and has announced plans to begin mass production of sodium-ion batteries for various applications, including electric vehicles. Faradion Limited – Based in the United Kingdom, Faradion is one of the pioneers in sodium-ion battery technology. The company is working on developing high-performance sodium-ion batteries that could be used in electric vehicles and other energy storage applications. HiNa Battery Technology Co., Ltd. – This Chinese company is focused on advancing sodium-ion battery technology for both electric vehicles and grid storage solutions. HiNa has been active in creating partnerships to scale up the production of sodium-ion batteries. Natron Energy – Based in the United States, Natron Energy specializes in sodium-ion batteries for industrial applications but is also exploring opportunities in the EV market. The company is known for its work on Prussian blue electrode materials, which are integral to its sodium-ion battery designs. BYD – A leading global EV manufacturer, BYD is investing in sodium-ion battery technology as part of its broader strategy to diversify its battery offerings. The company is building a gigafactory dedicated to sodium-ion batteries, reflecting its commitment to this emerging technology. AMTE Power plc – A UK-based battery manufacturer, AMTE Power is exploring sodium-ion batteries for automotive applications. The company is known for its focus on creating specialized, high-performance batteries for niche markets, including EVs. Aquion Energy – Although primarily focused on stationary energy storage, Aquion Energy has developed sodium-ion batteries that could potentially be adapted for use in electric vehicles. The company is recognized for its sustainable and non-toxic battery solutions. Sodion Energy – This company is another key player in the sodium-ion battery space, working on innovative battery technologies that could find applications in electric vehicles. Sodion Energy is part of a growing ecosystem of companies aiming to commercialize sodium-ion batteries for broader use. Moving ahead…. Sodium-ion batteries present a promising alternative to lithium-ion technology, especially in the context of electric vehicles (EVs) and large-scale energy storage. However, their widespread adoption is currently hindered by several challenges, including cost competitiveness, performance limitations, and manufacturing scalability. The cost of production remains high due to the specialized materials required, and their lower

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World’s first 15-minute charging intercity bus

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Veera Vahana and Exponent Energy announce the World’s first 15-minute charging intercity bus, ‘Veera Mahasamrat EV’ Veera Vahana – a leading player in the bus industry has partnered with Exponent Energy, an energy-tech company to announce a 15-minute rapid charging long-haul intercity electric bus. The ‘Veera Mahasamrat EV’ powered by Exponent is the world’s first 13.5m electric bus on 2-axles. It’s equipped with Exponent’s 320 kWh battery pack enabling a virtually unlimited range with 15-minute rapid charging on the go via Exponent’s 1MW charging network. Additionally, a battery warranty of 6,00,000 km or 3000 battery life cycles, paves the way for better financing options and ease of ownership. The Veera Mahasamrat EV represents a game-changing advancement for fleet owners, reducing their operating expenses by 30% compared to an ICE bus. For the first time, with 15-minute rapid charging and the Exponent charging network along highways, bus operators can now go electric on long-haul inter-city routes without having to worry about range and long charging time. Currently, the two companies are focused on electrifying the Bengaluru – Hyderabad route. To support operations, Exponent Energy will deploy four 1 MW charging stations – two at each endpoints and two along the highway – this will ensure bus operators can seamlessly shift from ICE to electric with the same experience of number of stops and downtime per stop. Today, electric buses are restricted to short-haul or intracity operations due to limited range and long charging time. It’s difficult to package a single battery to deliver 600km of range and with long charging time – customers are not willing to wait for an hour along the highway. Typically, diesel buses stop every 300 km for 15-20 minutes and our unique partnership with Exponent mimics the same experience. Now, bus operators can seamlessly switch to electric with the Veera Mahasamrat EV and save more in their operations! K. Srinivas Reddy, Managing Director, Veera Vahan The company’s technology stack meticulously manages each cell’s characteristics through its BMS, charging algorithms, and thermal management using its proprietary off-board thermal management system – where the charging station actively pumps coolant to the battery while charging to maintain optimal temperature and thus delivering consistent performance even at ambient temperatures as high as 50°C. “We’re excited to partner with Veera Vahana, a seasoned player in the bus industry, to truly electrify the long-haul intercity bus segment. We’re thrilled to have built the world’s third 1 MW charging technology – after Tesla & Siemens – in India, for India. With freedom & accessibility delivered by 15-minute rapid charging and the Exponent network, we’re committed to enabling all of India to go electric.” Arun Vinayak, Co-founder & CEO of Exponent Energy Both Veera and Exponent, as pioneers in the EV sector, remain committed to driving progress and shaping the future of mobility through innovation and collaboration. About Veera Vahana Veera is one of the leading bus manufacturer in India. Veera manufacturers various types of buses in ICE & Electric like Tarmac Coach, 13.5mts Mahasamrat Samrat and 9mts Electric buses. Veera is the leader in Sleeper Coach manufacturing in the country. About Exponent: Led by Arun Vinayak & Sanjay Byalal, Exponent Energy aims to simplify energy for EVs. The company has built a battery pack named e^pack; charging station called e^pump; and charging connector e^plug that together unlock a 0 to 100% charge in 15 minutes for EVs with any number of wheels & provide a 3000-cycle life warranty – all while using regular Li-ion cells to make rapid charging truly affordable and scalable. Join All India EV Community Click here for more such EV Updates

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Axial Flux Motors and Controllers by Torus Robotics

Leave a Comment / Guest Articles / Ankit Sharma

How Torus Robotics revolutionizing EV industry with their Axial Flux Motors and Controllers An Editorial by team Torus Robotics Torus Robotics Pvt Ltd was founded in 2019 by three passionate individuals: Abbhi Vignesh, Vibhakar Senthil and Vignesh M. Our journey together began much earlier, in 2012, when we embarked on our engineering studies in Mechatronics. This field, which integrates mechanical, electrical, electronics, and programming disciplines, provided the perfect foundation for our shared vision. We graduated as B.Tech Mechatronics engineers in 2016 and went on to earn our MBAs in 2018, both with special scholarships and gold medals in research. Our story is not just about academics but about the bond and synergy that formed over years of collaboration on various projects. From the start, we were driven by a deep curiosity and a hands-on approach, building a variety of electric vehicles (EVs) such as e-bikes, E3Ws, electric solar cars, electric 4-wheelers, golf karts, and even electric skateboards. We were actively involved in multiple tech teams during our college years, and we founded our own tech team that went on to win a solar car competition, managing a team of 65 members. The Birth of Torus Robotics The idea for Torus Robotics was born out of the challenges we faced while working on our projects, particularly during our work on Unmanned Ground Vehicles (UGVs) for defence. We were the youngest company to develop the largest electric UGV in India, a feat that required innovation and resilience. However, one of the biggest hurdles we encountered was sourcing motors and controllers for our products. We found that indigenous options were limited; most companies were assembling motors with key components imported from China, requiring high minimum order quantities (MOQ) and offering low-quality products. The high-efficiency, lightweight motors we needed were only available in Europe and were prohibitively expensive. This challenge became our mission. In 2020, during the height of the COVID-19 pandemic, we began developing our own powertrain systems, focusing on axial flux motors and controllers. These systems are compact, lightweight, and highly efficient—exactly what the market was lacking. Through hard work, perseverance, and reinvestment of funds earned from grants, competitions, and defence contracts, we were able to build prototypes and win recognition in the industry. Our Vision and Product At Torus Robotics, our vision is clear: to empower electric vehicles to go faster and further by developing compact, lightweight, and highly efficient powertrain systems. Our axial flux motors and controllers are at the heart of this vision, offering a revolutionary solution to the challenges faced by the EV industry. Today, we are collaborating with up to 20 OEMs (Original Equipment Manufacturers) across a variety of applications, including E2Ws (Electric Two-Wheelers), E3Ws (Electric Three-Wheelers), and E4Ws (Electric Four-Wheelers). Our team of 15 dedicated professionals is poised to grow, with plans to expand by 20 more in the coming months. We are also working closely with three Tier 1 OEMs, further solidifying our position in the market. The Road Ahead But our ambitions don’t stop with electric vehicles. We envision a future where our compact and efficient solutions extend beyond the automotive sector. We are actively exploring applications in HVAC systems, robotics, industrial machinery, and power generation. With nearly two-thirds of the world’s power consumed by motors, we see a significant opportunity to make a global impact in the motor market space. Torus Robotics is not just a company; it’s a movement towards a more efficient, sustainable future. We are committed to pushing the boundaries of what is possible in electric mobility and beyond, with a focus on innovation, quality, and customer satisfaction. We invite you to join us on this journey as we continue to innovate and lead in the development of next-generation powertrain systems for a better tomorrow. Join All India EV Community Click here for more such EV Updates

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Regenerative Braking: Boosting Electric Vehicle Efficiency

Leave a Comment / Market Insights / Ankit Sharma

What is Regenerative Braking system and why it is important for electric vehicles? Regenerative braking is a groundbreaking technology revolutionizing the way electric vehicles operate. By harnessing the kinetic energy generated during braking, this innovative system converts it into electricity, which is then stored back into the vehicle’s battery. This not only enhances energy efficiency but also contributes significantly to sustainable transportation. How does regenerative braking work in electric vehicles? Can you explain the process in simple terms? Regenerative braking is a system in electric vehicles that converts kinetic energy (energy of motion) into electrical energy. This is done by reversing the process that powers the electric motor. Here’s a simplified explanation:Braking: When you apply the brakes in an electric vehicle, the car’s kinetic energy is converted into heat energy through friction between the brake pads and the wheels.Motor Reversal: Instead of friction, regenerative braking reverses the electric motor’s function. It turns the engine into a generator.Energy Capture: As the wheels slow down, the generator starts producing electricity. This electricity is then stored back into the vehicle’s battery. Think of it like a generator powering a light bulb. When you turn the generator’s handle, it produces electricity that lights the bulb. In regenerative braking, the car’s motion turns the generator, producing electricity that charges the battery. What are the key components involved in regenerative braking? How do they interact to achieve energy recovery? The key components involved in regenerative braking are:Electric motor: This is the primary component acting as a motor and a generator.Battery: This stores the recovered electrical energy.Power electronics: This controls the flow of electricity between the motor and the battery, ensuring efficient energy transfer. The key components involved in regenerative braking are:Electric motor: This is the primary component acting as a motor and a generator.Battery: This stores the recovered electrical energy.Power electronics: This controls the flow of electricity between the motor and the battery, ensuring efficient energy transfer.Controller: This manages the overall regenerative braking system, determining the amount of braking force and the rate of energy recovery.Sensors: These measure the vehicle’s speed, wheel rotation, and other parameters to provide feedback to the controller. How they interact:Braking signal: When the driver applies the brakes, the controller receives a signal.Motor reversal: The controller reverses the polarity of the electric motor, turning it into a generator.Energy generation: As the wheels slow down, the generator produces electricity.Energy storage: The power electronics direct the generated electricity to the battery for storage.Braking force control: The controller adjusts the amount of regenerative braking based on the driver’s input and other factors to ensure safe and comfortable braking. What is the difference between regenerative braking and traditional friction braking? When is each used? Traditional friction braking:Uses friction between brake pads and rotors to slow down the vehicle.Converts kinetic energy into heat energy, which is dissipated into the environment.Typically used for heavy braking or emergency stops. Regenerative braking:Uses an electric motor to slow down the vehicle and recover energy.Converts kinetic energy into electrical energy, which is stored in the battery.Typically used for moderate braking or coasting, especially when the vehicle is descending hills. When each is used:Regenerative braking: Used primarily for moderate braking and coasting, as it helps to conserve energy and extend the vehicle’s range.Traditional friction braking: Used for heavy braking, emergency stops, or when the battery is fully charged and cannot accept more energy. A combination of regenerative and traditional braking is often used to provide optimal braking performance and energy efficiency. What are the primary benefits of regenerative braking in electric vehicles? How does it contribute to energy efficiency and range? The primary benefits of regenerative braking include:Increased energy efficiency: By recovering energy that would otherwise be lost as heat, regenerative braking significantly improves the overall energy efficiency of electric vehicles.Extended range: The recovered energy can be used to power the vehicle, extending its range between charges.Reduced wear on brakes: Regenerative braking reduces the reliance on traditional friction brakes, which can extend their lifespan and reduce maintenance costs.Improved performance: Regenerative braking can provide a more responsive and engaging driving experience, as it can help to slow the vehicle down quickly and smoothly.Environmental benefits: By reducing the overall energy consumption of the vehicle, regenerative braking can help to reduce greenhouse gas emissions and improve air quality. How does regenerative braking compare to traditional braking in terms of energy efficiency? Are there any quantitative measurements or comparisons? Regenerative braking is significantly more energy efficient than traditional friction braking. While traditional braking converts kinetic energy into heat energy, which is lost, regenerative braking captures and stores this energy, making it available for reuse. Quantitative measurements and comparisons vary depending on factors such as driving conditions, vehicle design, and driving style. However, studies have shown that regenerative braking can improve the energy efficiency of electric vehicles by up to 20% or more. Can regenerative braking be used to charge the battery fully or only partially? What factors influence the charging efficiency? Regenerative braking can be used to charge the battery both partially and fully, depending on the amount of kinetic energy available and the battery’s charging capacity. Several factors influence the charging efficiency of regenerative braking, including:Battery state of charge: A partially discharged battery can accept more energy from regenerative braking than a fully charged battery.Driving conditions: Factors such as road grade, traffic conditions, and driving style can affect the amount of kinetic energy available for recovery.Vehicle speed: Higher speeds result in more kinetic energy, which can lead to more efficient charging.Regenerative braking system design: The efficiency of the regenerative braking system itself can vary depending on the specific components and controls used. What are some of the latest technological advancements in regenerative braking systems for electric vehicles? How are these advancements improving performance and efficiency? Some of the latest technological advancements in regenerative braking systems include:Advanced control algorithms: More sophisticated control algorithms are being developed to optimize the amount of energy recovered and to ensure smooth and safe braking.Intelligent energy management systems: These systems can

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Servotech Power Systems to Build 12 EV Charging Stations for ANERT, Kerala Govt.

Servotech to Build 12 EV Charging Stations for ANERT

Leave a Comment / EV News / Ankit Sharma

Servotech Power Systems to Build 12 EV Charging Stations for ANERT, Kerala Govt. Servotech Power Systems Ltd., India’s largest EV Charger manufacturer, has secured a substantial contract for installing 12 EV charging stations from the Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Govt. of Kerala. Under this contract Servotech has to build 12 electric vehicle (EV) charging stations with 30KW Fast DC EV Chargers at the various locations of Kerala Motor Vehicle Department. This contract involves Servotech supplying, commissioning, and construction of EV charging stations. This pilot project whose execution has already begun will be executed in phases with the 1st phase involving the installation of 4 EV charging stations and the 2nd phase will involve the installation of 8 EV charging stations. This initiative will prove to be beneficial in facilitating Kerala’s shift towards sustainable transportation solutions by substantially improving the state’s EV charging network. As the demand for EV mobility grows, there is a corresponding requirement for convenient and accessible charging infrastructure for electric vehicles. These charging stations will enable EV owners to recharge their vehicles conveniently while on the move. We are elated to be working on this pilot project for ANERT. As a leading EV Charging player who is very actively working towards making India transition towards green transportation, this step brings us closer to achieving our collective dream of seeing India as an EV-powered nation. We are creating our green footprints, starting from Kerala, we plan to increase our footprints to other states as well. Our efficient hardware and software solutions will ensure dependable EV charging stations, catering to the growing demand for sustainable travel options. This initiative will prove to be essential for facilitating infrastructure development to support the expanding EV customer base and enable its strategic expansion in EV charging infrastructure at places with high charging demand. Sarika Bhatia, Director of Servotech Power Systems Ltd About Servotech Power Systems Ltd. Servotech Power Systems is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India’s EV tech infrastructure. As a trusted brand with a strong pan-India presence, our legacy is marked by proven innovations and development of the advanced technologies. Join All India EV Community Click here for more such EV Updates

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Journey of Motorama EV Private Limited

Leave a Comment / Guest Articles / Ankit Sharma

The Journey of Motorama EV Private Limited: From Repair to Manufacturing Excellence Delhi-based Motorama EV Private Limited, an IIT Delhi incubated startup, began its journey in 2021 with a vision to impact the electric vehicle domain significantly. Starting with the repair and maintenance of BLDC motors and controllers, we gained invaluable experience in identifying and rectifying failures, training our workforce, understanding the supply chain, and learning about various motor designs and materials. This period also helped us build a strong network within the industry By 2023, we had repaired over 2,500+ motors and 1,500+ controllers, serving more than 35 clients across India and completing over 10 job works for leading manufacturers and institutes. This experience gave us a deep understanding of prevalent issues and solutions, positioning us well for the next phase of our journey. We expanded into manufacturing BLDC motors, focusing on electric vehicles and HVAC sectors. Leveraging our knowledge and experience, we started designing our own motors. Notably, we developed rare-earth-free motors under the Grant scheme at IIT Delhi, including a 12-inch, 1-kilowatt rear hub motor with 19.5Nm rated torque and 65Nm peak torque, specifically for the EV market. Motorama has been granted6 trademarks, 1 copyright, 2 design registrations, and 1 utility patent pending. Failure causes: BLDC motors and controllers in electric vehicles can fail due to several common causes. A) Motor failures often stem from: 🔹 Overheating, bearing issues, electrical overload, vibrations, moisture and poor-quality components. 🔹 Driving practice of using brake while accelerating also causes motor failure🔹 Roads terrain 🔹 Overheating and electrical overload damage insulation and windings, while bearing failures and vibrations lead to mechanical damage. Moisture and contamination cause corrosion and short circuits. B) Controller failures are usually due to over-voltage, under-voltage, over-current, environmental factors,software issues, component failures, improper installation, and thermal overload Comprehensive Testing for BLDC Motors and Controllers At Motorama, we ensure the highest standards of performance and reliability for BLDC motors and controllers through rigorous diagnostic and performance tests. These include: Diagnostic Tests for BLDC Motors 🔹 Visual Inspection → Identify physical damage or wear. 🔹 Insulation Resistance Test → Check motor insulation integrity. 🔹 Winding Resistance Test → Detect discrepancies in motor windings. 🔹 Back EMF Test → Ensure correct electromotive force generation. 🔹 Hall Sensor Test → Verify proper hall sensor function. 🔹 Continuity and Short Circuit Test → Check for open or short circuits. Diagnostic Tests for BLDC Controllers 🔹 Visual Inspection → Identify visible component damage. 🔹 Power Supply Test → Ensure correct power distribution. 🔹 Signal Integrity Test → Verify control signal integrity. 🔹 Functional Test → Test overall controller functionality. 🔹 Component Testing → Ensure individual component functionality Performance Tests Post-Repair 🔹 No-Load Test → Assess motor performance without load. 🔹 Load Test → Evaluate motor performance under various loads. 🔹 Efficiency Test → Determine motor efficiency. 🔹 Temperature Rise Test → Ensure safe operating temperatures. Ready for the Future: Comprehensive After-Sales Support As electric vehicles become more common, robust after-sales support is crucial. Motorama EV Private Limited is prepared with a state-of-the-art facility dedicated to after-sales services. Our comprehensive strategy includes preventive maintenance programs, expert diagnostic services, the use of genuine parts, customer training, and a nationwide service network. This ensures reliable, efficient support for EV owners across the country, minimising downtime and enhancing vehicle longevity

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How NMC Lost Market Share to LFP in the Last 3 Years

Leave a Comment / Market Insights / Ankit Sharma

How NMC Lost Market Share to LFP in the Last 3 Years In recent years, the electric vehicle (EV) market has witnessed significant shifts in battery technology preferences. One of the most notable changes has been the dramatic rise of Lithium Iron Phosphate (LFP) batteries at the expense of Nickel Manganese Cobalt (NMC) batteries. Understanding this transition is crucial for stakeholders in the EV industry, as it reflects broader trends in battery technology, cost efficiency, and regulatory policies. Let’s delve into how NMC lost market share to LFP in the past three years, drawing insights from the trends observed in China’s EV battery market from 2016 to 2022. The Rise of LFP and Decline of NMC The graph from the China Automotive Power Battery Industry Innovation Alliance provides a clear depiction of the shifting dynamics between LFP and NMC batteries from 2016 to 2022. In 2019, NMC batteries held a commanding 65.1% share of the market, while LFP batteries were at a mere 32.5%. However, by 2022, this scenario had reversed drastically, with LFP batteries surging to 62.4% and NMC batteries plummeting to 37.5%. Cost Efficiency LFP batteries are known for their lower cost compared to NMC batteries. The primary reason is the cheaper raw materials used in LFP batteries, which do not rely on cobalt—a costly and geopolitically sensitive material. This cost advantage has made LFP batteries more attractive, especially in price-sensitive markets like China. Consequently, this cost efficiency has significantly contributed to NMC losing market share to LFP. Safety and Longevity LFP batteries offer superior thermal stability and safety. They are less prone to overheating and have a longer lifecycle compared to NMC batteries. As EV adoption grows, consumers and manufacturers alike are prioritizing these attributes, leading to a preference for LFP technology. This focus on safety and longevity has been a key factor in NMC losing market share to LFP. Policy and Regulation China’s regulatory environment has played a pivotal role. Starting in 2017, China revised its subsidy policies to favor batteries with higher energy density, indirectly benefitting NMC batteries initially. However, as these subsidies were phased out by the end of 2022, the market dynamics shifted in favor of LFP batteries, which began to dominate due to their inherent cost and safety advantages. These regulatory changes have been instrumental in NMC losing market share to LFP. Data Insights: A Closer Look ▶️ 2019: NMC batteries had a significant lead with 65.1% of the market, while LFP batteries held 32.5%. The total volume of NMC batteries installed was 40.5 million kWh, compared to 22.2 million kWh for LFP batteries. ▶️ 2020: The gap started to narrow, with NMC holding 61.2% and LFP climbing to 38.4%. ▶️ 2021: A pivotal year where LFP batteries overtook NMC in volume (74.3 million kWh vs. 79.8 million kWh), despite NMC still holding a majority share at 51.7%. ▶️ 2022: LFP batteries surged ahead, capturing 62.4% of the market with 183.8 million kWh installed, while NMC dropped to 37.5% with 110.4 million kWh. This data underscores the rapid acceleration of LFP battery adoption and the corresponding decline of NMC batteries in the market. These trends clearly illustrate how NMC lost market share to LFP. The Future Outlook: LFP and LFMP Looking ahead to 2028, the question arises: how much LFP will convert to LFMP (Lithium Iron Manganese Phosphate)? LFMP represents an evolution in LFP technology, promising enhanced energy density while retaining the cost and safety benefits. As the industry continues to innovate, LFMP could become a significant player, potentially transforming a portion of the LFP market. Predictions suggest that by 2028, a considerable fraction of the current LFP market could transition to LFMP, driven by the ongoing quest for higher performance and efficiency in EV batteries. The exact extent of this conversion will depend on technological advancements, cost considerations, and regulatory influences. The shift from NMC to LFP batteries in the last three years highlights the dynamic nature of the EV battery market. Driven by cost efficiency, safety, and evolving policies, LFP batteries have emerged as a dominant force. As we look to the future, the potential rise of LFMP technology adds another layer of excitement and anticipation. For stakeholders in the EV industry, staying attuned to these trends is essential for navigating the rapidly changing landscape of battery technology. Join All India EV Community Click here for more such EV Updates

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