Ankit Sharma

Revised EV Charging Guidelines 2024: Key Highlights

Revised Guidelines and Standards for EV Charging Infrastructure: Key Highlights

Revised Guidelines and Standards for EV Charging Infrastructure: Key Highlights The Bureau of Energy Efficiency (BEE) has issued a draft of the “Revised Guidelines & Standards for EV Charging Infrastructure” on June 28, 2024, inviting comments from stakeholders. These guidelines aim to accelerate the adoption of electric vehicles (EVs) in India by ensuring a safe, reliable, and accessible EV charging infrastructure. Here are ten key highlights from the document on Revised EV Charging Guidelines, along with an overview of the Indian EV charging network as of March 31, 2024. Comprehensive Applicability The guidelines are designed to cover a wide range of locations: Private Spaces: Owners/operators of EV charging infrastructure installed in privately owned parking spaces.Semi-Restricted Areas: Locations like office buildings, educational institutions, hospitals, and group housing societies.Public Places: Commercial complexes, railway stations, petrol pumps, airports, metro stations, shopping malls, municipal parking lots, and along highways and expressways. Enhanced Objectives The guidelines set forth four primary objectives: Faster EV Adoption: Ensuring the availability of safe, reliable, and accessible charging infrastructure.Rational Service Charges: Providing rationality in service charges levied by charging station operators.Proactive Infrastructure Support: Supporting the creation of a robust EV charging network.Electrical Distribution System Preparedness: Ensuring the electrical distribution system can handle the load from EV charging infrastructure. Timelines for Electricity Connections To expedite the establishment of EV charging stations, the guidelines specify the following timelines for providing electricity connections: Metropolitan Areas: Within three days of application.Other Municipal Areas: Within seven days of application.Rural Areas: Within fifteen days of application.Hilly Rural Areas: Within thirty days, with a possible ninety-day extension for new sub-stations. Open Access and Customer-Friendly Procedures DISCOMs are required to create a customer-friendly online single-window clearance system to streamline the process of obtaining electricity connections. This includes a standard operating procedure and a standardized application form to expedite approvals. Safety and Operational Standards EV charging stations must meet stringent safety and operational standards: Safety Requirements: Proper cabling, fire protection equipment, covered spaces for EVSE, and compliance with Central Electricity Authority regulations.Operational Standards: Adequate civil and lighting works, demarcated parking spaces, trained personnel, automated billing systems, and real-time data exchange capabilities. Tariff and Cost Structure The guidelines propose a single-part tariff for electricity supply to EV charging stations, capped at the “Average Cost of Supply” until March 31, 2026: Differential Tariffs: Lower rates during solar hours (9:00 AM to 4:00 PM) and higher rates during non-solar hours.Separate Metering: Mandatory separate metering arrangements for EV charging stations. Public EV Charging Infrastructure Public charging stations are required to comply with Indian Standards and must ideally have a capacity of 7.4 kW: Protocols and Features: Adoption of open charge point protocols, features for prepaid/postpaid service charges, online booking options, and amenities like washrooms and waiting areas for larger stations. Provisions for Residential and Community Charging Residential and community charging provisions include: Residential Charging: Private EV owners can use existing connections or apply for additional loads if required.Community Charging: Group housing societies must allocate at least 10% of their common parking capacity for community EV chargers, which should be accessible to visitors. Workplace and E-Bus Depot Charging Workplaces and e-bus depots have specific provisions: Workplace Charging: Offices can set up EV chargers using existing connections and apply for enhanced loads if needed.E-Bus Depot Charging: E-bus depots can obtain electricity through open access within 15 days of application and must install high-capacity chargers for heavy-duty EVs. Implementation and Monitoring The Bureau of Energy Efficiency (BEE) will act as the central nodal agency to monitor the implementation of these guidelines: State Nodal Agencies: Each state will have a designated nodal agency to facilitate the establishment of EV charging infrastructure.Steering Committee: A committee under the Ministry of Power will review progress quarterly, ensuring compliance and addressing any issues. Indian EV Charging Network as of March 31, 2024 As of March 31, 2024, India has made significant strides in expanding its EV charging network: Total Charging Stations: India has over 15,000 public EV charging stations. Major Urban Areas: Metropolitan cities like Delhi, Mumbai, Bengaluru, and Chennai have robust charging infrastructure with over 3,000 stations collectively. Highway Corridors: Key highways and expressways are equipped with charging stations at intervals of 50-60 km to ensure seamless intercity travel. Policy Support: Government initiatives and subsidies have played a crucial role in enhancing the network, with several state-specific policies encouraging private and public sector participation. The revised guidelines aim to build on this progress, ensuring that India continues to lead in the adoption of electric mobility, reducing its carbon footprint, and promoting sustainable transportation solutions. Stakeholders are encouraged to review these guidelines and provide feedback to help shape a more efficient and effective EV charging infrastructure in the country.

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How to Increase the Battery Life of Your EV: A DIY Guide

How to Increase the Battery Life of Your EV: A DIY Guide

How to Increase the Battery Life of Your EV: A DIY Guide Electric vehicles are becoming increasingly popular due to their eco-friendliness and cost savings. However, the battery is the heart of any EV, and maximizing its lifespan is key to maintaining the vehicle’s performance and reducing costs. This guide provides practical, easy-to-follow tips for EV owners to extend their battery life. Here are some tips for you to increase your EV Battery Life… Minimize Exposure to Extreme Temperatures Extreme temperatures, both hot and cold, can significantly affect the battery’s performance and lifespan. ▶️ Hot WeatherPark in the Shade: Parking in a shaded area reduces the battery’s exposure to heat.Use a Garage: Whenever possible, use a garage to keep your EV coolPlug-In: If you have to park in a hot area, plug in your EV. This allows the thermal management system to operate without draining the battery. ▶️ Cold WeatherPrecondition Your Car: While it is still plugged in, precondition it to warm up the battery. This helps maintain efficiency and reduces stress on the battery. Maintain Optimal Charging Levels Keeping your battery charge between 20% and 80% can significantly prolong its life. ▶️ Daily UseAvoid 100% Charge: Charging to 100% is generally unnecessary for daily use and can stress the battery.Charge to 80%: Aim to keep your battery charge around 80% for routine use. ▶️ Storage50% Charge for turn-off: If you plan to keep your EV turn-off or idle for an extended period, charge the battery to about 50% to avoid stress and degradation. Avoid Deep Discharges Allowing your battery to drop below 10% charge can cause long-term damage.Recharge at 20-30%: To maintain battery health, recharge your EV when the battery level is around 20-30%. Limit Fast Charging Frequent use of fast charging can degrade battery health over time.Use Sparingly: Reserve fast charging for situations where it’s essential, such as during long trips. Practice Smooth Driving Aggressive driving can lead to faster battery depletion.Smooth Acceleration: Accelerate smoothly and maintain a constant speed to conserve battery life and enhance overall efficiency. Utilize Regenerative Braking This feature helps recover energy during braking and extends the range.Use Regenerative Braking: Whenever possible, use regenerative braking to improve energy efficiency and battery longevity. Follow Manufacturer Guidelines Each EV model has specific guidelines for battery maintenance.Consult the Manual: Regularly check your owner’s manual for the best practices and ensure you are following the manufacturer’s recommendations for battery care. Stay Updated with the Software Manufacturers often release software updates to improve battery management and efficiency.Update Regularly: Ensure your EV is always running the latest software to benefit from improvements in battery management and efficiency. What Not to Do Certain practices can significantly harm your EV battery and should be avoided. ▶️ Don’t Frequently Use Fast ChargingReason: While convenient, fast charging can generate excessive heat, leading to battery degradation over time. ▶️ Don’t Let Your Battery Completely DischargeReason: Deep discharges can permanently damage the battery cells, reducing overall capacity. ▶️ Don’t Expose Your EV to Extreme Temperatures for Extended PeriodsReason: Prolonged exposure to very high or low temperatures can degrade battery materials and reduce performance. ▶️ Don’t Charge to 100% RegularlyReason: Constantly charging to full capacity can stress the battery, shortening its lifespan. ▶️ Don’t Ignore Manufacturer RecommendationsReason: Each EV model has specific maintenance needs and software updates that optimize battery health and performance. Conclusion Proper battery care is essential for maximizing the lifespan and performance of your electric vehicle. By following these simple DIY tips, you can ensure that your EV remains efficient, cost-effective, and environmentally friendly for years to come. Remember, adopting these practices not only benefits your vehicle but also contributes to a sustainable future. Happy driving!

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Summary of BloombergNEF Electric Vehicle Outlook 2024

BloombergNEF Electric Vehicle Outlook 2024: Key Insights and Future Trends The BloombergNEF Electric Vehicle Outlook 2024 report provides an in-depth analysis of the current state and future projections of the electric vehicle (EV) market. This comprehensive summary highlights key findings from the report, exploring global market trends, policy impacts, technological advancements, and regional adoption differences. By synthesizing these insights, this article aims to inform readers about the critical factors shaping the future of electric mobility and the challenges and opportunities that lie ahead. Summary of BloombergNEF Electric Vehicle Outlook 2024 1. Global EV Market Overview The 2024 outlook reveals varying paces of electric vehicle (EV) market growth worldwide. While global EV sales continue to rise, some markets are experiencing slowdowns. Developing economies, such as Thailand, India, Turkey, and Brazil, are seeing record sales due to low-cost models. Chinese automakers are expanding rapidly into new markets, driven by the need to find new buyers. Geopolitical tensions and protectionist measures, such as tariffs and efforts to onshore manufacturing, are impacting the pace of global EV adoption. 2. Policy and Market Dynamics Policy support for EVs has become less certain, with several European countries reducing subsidies earlier than planned. This has led to a slowdown in sales and prompted calls to relax both near-term CO2 targets and the long-term plan to phase out internal combustion vehicles. In the US, progress will hinge on the outcome of the presidential election, while China remains a leader, having reached a point of consumer-driven EV sales growth. The report highlights the importance of long-term goals to achieve net-zero emissions in road transport. 3. Technological Advancements and Cost Trends Advances in battery technology have driven down costs significantly, with prices dropping by 90% over the past decade. This trend is expected to continue, benefiting automakers and buyers but posing challenges for new entrants to the battery industry. Several next-generation battery technologies are nearing commercialization, promising further improvements in efficiency and cost. The introduction of lower-cost EV models is expected to drive increased adoption in the coming years. 4. Commercial Vehicles and Buses The commercial vehicle segment, including vans, trucks, and buses, is rapidly electrifying, particularly in China, South Korea, and Europe. Electric heavy trucks are expected to become economically viable for most use cases by 2030. Municipal buses are on track to exceed 60% electrification by that year, with electric light-duty delivery vans and trucks also seeing significant growth. The adoption of zero-emission powertrains is driven by both economic viability and new environmental policies. 5. Global Passenger Vehicle Outlook Despite a slowdown in growth rates, global passenger EV sales are expected to rise from 13.9 million in 2023 to over 30 million in 2027. By 2030, EVs are projected to account for 45% of global passenger vehicle sales. However, less than 50% of the global passenger-vehicle fleet is expected to be electric by 2040. The disparity in adoption rates between different regions underscores the need for continued policy support and technological advancement. 6. Impact on Oil and Electricity Demand The increase in EVs and fuel-cell vehicles will displace significant oil demand, with road fuel demand peaking by 2027. By 2050, a fully electric global fleet could consume twice the amount of electricity the US did in 2023. This shift requires substantial investment in charging infrastructure and grid upgrades to accommodate the increased demand. Smart charging and variable pricing mechanisms will be essential to manage this demand effectively. 7. Battery Supply Chain and Material Demand Large investments are needed across the battery supply chain. Annual lithium-battery demand is expected to reach 5.9 terawatt-hours by 2035. Over-investment in battery-cell manufacturing capacity is a concern, particularly in China, where planned capacity far exceeds demand. Recycling and new extraction technologies will be crucial to meet future material needs sustainably. The shift towards lithium-iron-phosphate (LFP) batteries is reducing the demand for metals like nickel and manganese. 8. Regional Adoption and Market Differences The EV adoption trajectory varies by region, with China and Europe leading the way. Emerging economies like Brazil and India are set to experience significant growth. However, regions like Southeast Asia, India, and Brazil will still be below the global average adoption by 2040 without stronger regulatory pushes. The report emphasizes the need for a stronger regulatory push in these regions to bridge the gap with more developed EV markets. 9. Technological Innovations and Competitive Pricing Lithium-iron-phosphate (LFP) batteries are gaining market share due to improvements in technology and competitive pricing, reducing the demand for metals like nickel and manganese. China’s dominance in low-cost battery production is driving global price reductions, posing challenges for international markets to compete. The report discusses the impact of China’s low-cost battery push on the global market and highlights the benefits and challenges associated with this trend. 10. Future Outlook and Scenarios BloombergNEF provides two scenarios for the future of road transport: the Economic Transition Scenario and the Net Zero Scenario. The former describes expected trends based on current technological and economic conditions, while the latter outlines a path to achieving a zero-emission global road fleet by 2050. Both scenarios emphasize the need for sustained policy support and technological innovation to achieve long-term climate goals. The Economic Transition Scenario projects significant growth in EV sales, while the Net Zero Scenario requires more aggressive policy interventions to achieve a completely zero-emission vehicle fleet by 2050. 11. Electrification of Two- and Three-Wheeled Vehicles Electrification is advancing rapidly in the two- and three-wheeled vehicle segments, particularly in emerging economies. Electric two-wheelers are set to reach 90% of global sales by 2040, while three-wheelers are already on track to achieve a zero-emission fleet by 2050. These segments are crucial for reducing emissions in densely populated urban areas where such vehicles are predominantly used. 12. Shared Mobility and Connectivity Shared mobility solutions, vehicle connectivity, and autonomous driving technologies are expected to reshape automotive and freight markets. These innovations will complement the electrification of transport, offering additional benefits such as reduced traffic congestion and lower emissions. 13. Plug-In Hybrid Vehicles (PHEVs)

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Comparative Analysis: Altigreen neEV Tez vs. Euler HiLoad DV

Comparative Analysis: Altigreen neEV Tez vs. Euler HiLoad DV As the electric vehicle (EV) market continues to expand, commercial EVs are becoming an increasingly viable option for businesses looking to reduce their carbon footprint and operational costs. Two prominent models in the commercial EV segment are the Altigreen neEV Tez and the Euler HiLoad DV. Both vehicles offer unique features and advantages tailored to meet different business needs. This comparative analysis will delve into various aspects such as price, range, speed, battery capacity, charging time, loading capacity, and color options to help businesses make an informed decision. List your business on All India EV exclusive business directory… (click here) Specification: Features Altigreen neEV Tez Euler HiLoad DV Price Rs. 3.55 lakh (ex-showroom) Rs. 4.20 Lakh (ex-showroom) Range & Battery 98 Km/charge with a 8.8 kWh battery 170 Km/charge with an 8.2 kWh battery Power & Performance Max power of 9.55 kW and a max torque of 430 Nm Max power of 12 kW and a Max torque of 50 Nm Top Speed Top speed of 45 km/h Top speed of 50 km/h Charging Time 15 Minutes 3.5 to 4 hours Dimensions & Cargo Capacity Dimensions of 1920x1590x1645 Mm & payload capacity of 950 kg Dimensions of 3400 x 1460 x 2100 mm & payload capacity of 688 kg Gradeability 18 gradability 21% / 11.86 gradability Color Option OrangeGreen White Source: From their websites (You can now subscribe to our All India EV WhatsApp channel) Conclusion In conclusion, both the Altigreen neEV Tez and the Euler HiLoad EV cater to different segments of the commercial EV market. The neEV Tez stands out for its rapid charging capability and cost-effectiveness, making it ideal for urban deliveries with quick turnaround needs. On the other hand, the Euler HiLoad EV offers a longer range and higher load capacity, making it suitable for more demanding delivery routes and heavier cargo. Businesses should choose based on their specific operational needs, balancing factors like range, load capacity, speed, and price. Join our LinkedIn Community Click here for more such informative insights

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Exide Industries Rs 1,000 Cr Lithium-Ion Investment

Exide Industries Rs 1,000 Cr Lithium-Ion Investment

Exide Industries Plans Rs 1,000 Crore Investment in Lithium-Ion Cell Manufacturing for FY25 Exide Industries Ltd. has announced a significant investment of approximately Rs 1,000 crore in Lithium-Ion Investment manufacturing for FY25, Exide Energy Solutions Ltd (EESL), during the current financial year. This substantial investment is part of a broader Rs 5,000 crore allocation for the first phase of a lithium-ion cell manufacturing project. EESL, which was established in 2022, represents a strategic move by Exide to venture into the burgeoning lithium-ion cell business, capitalizing on the increasing demand for electric vehicle (EV) batteries. The company is in the process of setting up a giga plant in Bengaluru with a total capacity of 12 GWh. The first phase, which encompasses 6 GWh, is anticipated to be completed by 2025. So far, Exide has already invested Rs 2,300 crore in the lithium-ion cells business, including previous investments in EESL and a pack and module-making unit. The funding for this extensive project is sourced through internal accruals and loan financing, underscoring Exide’s commitment to advancing its capabilities in the energy solutions sector. Expansion of Lithium-Ion Manufacturing Capabilities The 6 GWh capacity for the first phase will be split equally between Nickel Manganese Cobalt (NMC) batteries and Lithium Iron Phosphate (LFP) batteries, catering to diverse market needs. EESL employs over 300 professionals who are engaged in various key functions such as sales, manufacturing, R&D, IT, and finance. In addition to the Bengaluru plant, EESL operates a lithium-ion pack and module facility in Prantij, Gujarat, which has a capacity of 1.5 GWh. This facility further strengthens Exide’s position in the lithium-ion battery market. Exide Industries has formed a strategic partnership with China-based SVOLT Energy Technology Co Ltd, a leading developer and manufacturer of lithium-ion batteries and storage solutions. This partnership grants Exide the rights to utilize and commercialize SVOLT’s advanced technology and know-how, thereby enhancing its manufacturing processes and product offerings. Strategic Partnerships and Future Prospects Recently, Exide has also entered into an agreement with South Korean automakers Hyundai Motor Co and Kia Corp. This collaboration aims to supply locally produced LFP batteries for their future electric vehicles in the Indian market, showcasing Exide’s role in supporting the EV revolution in India. By aligning with major automotive players, Exide is positioning itself as a key supplier in the rapidly growing electric mobility sector. Key Takeaway: Exide Industries is making a significant investment to bolster its local manufacturing capabilities in the lithium-ion battery sector. This move is aimed at meeting the rising demand for electric vehicle batteries in India, supported by strategic partnerships and advanced technological collaborations. Join All India EV Community Click here for more such informative insights

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Recyclekaro Among Four Lithium-Ion Battery Recyclers Registered on India's EPR Portal for Battery recycling

Recyclekaro Joins India’s EPR Portal for Battery Recycling

Recyclekaro Among Four Lithium-Ion Battery Recyclers Registered on India’s EPR Portal for Battery recycling Recyclekaro, an e-waste and lithium-ion battery recycling company, has recently been registered on India’s Extended Producer Responsibility (EPR) portal for e-waste recycling. This significant development aligns Recyclekaro with other leading recyclers such as Lohum Cleantech, Attero, and LICO Materials, reflecting a robust commitment to sustainable e-waste management. The registration on the EPR portal marks a milestone in promoting efficient and responsible recycling practices in India, contributing to the broader goals of environmental sustainability. What are the EPR Portal and CPCB? The Extended Producer Responsibility (EPR) portal, managed by the Central Pollution Control Board (CPCB), is a crucial component in India’s strategy to manage e-waste. The portal is designed to connect manufacturers with certified recyclers, thereby centralizing the tracking of e-waste and streamlining the recycling processes. By providing financial incentives, the portal encourages companies to adhere to regulatory compliance and engage in sustainable practices. Additionally, the EPR portal enhances data collection on e-waste management, facilitating better policy-making and fostering innovation in recycling technologies. The Central Pollution Control Board (CPCB) plays a pivotal role in overseeing the EPR portal. It ensures that all stakeholders, including manufacturers, importers, and recyclers, comply with the established guidelines. The CPCB’s involvement guarantees that the recycling processes are conducted in an environmentally sound manner, promoting a circular economy and reducing the ecological footprint of e-waste. India’s E-Waste Statistics India is one of the largest producers of e-waste globally, generating approximately 1.71 million metric tons annually. This staggering volume of e-waste poses significant environmental and health risks if not managed properly. Despite the large quantity of e-waste generated, only about 40% was recycled last year. This low recycling rate underscores the urgent need for effective recycling infrastructure and policies. Recyclekaro’s Role As one of the four registered recyclers on the EPR portal, Recyclekaro plays a crucial role in enhancing accountability, traceability, and transparency in lithium-ion battery recycling. This registration ensures that Recyclekaro meets stringent regulatory standards and can be trusted to handle e-waste responsibly. By being part of the EPR portal, Recyclekaro contributes to a more organized and efficient recycling ecosystem. Rajesh Gupta, Founder & Director of Recyclekaro, highlighted that being among the four registered recyclers for end-to-end lithium-ion battery recycling is a significant achievement. This recognition strengthens Recyclekaro’s position in the industry and supports its mission to promote sustainable and responsible recycling practices. Recyclekaro is known for its high metal extraction efficiency, which minimizes waste and maximizes the recovery of valuable materials from used batteries. Expansion and Growth Recyclekaro’s registration on the EPR portal is just the beginning of its growth plans. The company is set to double its recycling capacity in the next fiscal year, leveraging its expertise in high metal extraction efficiency. This expansion will enable Recyclekaro to process more e-waste, contributing significantly to India’s recycling infrastructure and helping to meet the country’s sustainability targets. The inclusion of Recyclekaro in the EPR portal is a significant step towards enhancing India’s e-waste recycling infrastructure. This move supports the country’s goals of improving environmental sustainability through better management and recycling of lithium-ion batteries. As more companies follow Recyclekaro’s lead, the overall capacity and efficiency of India’s recycling industry are expected to improve, resulting in a cleaner and more sustainable environment. Moving ahead… Recyclekaro’s registration on India’s EPR portal is a landmark achievement that underscores the company’s commitment to sustainable and responsible recycling practices. By aligning with other leading recyclers and adhering to the Battery Waste Management Rules, Recyclekaro is playing a pivotal role in enhancing India’s e-waste recycling infrastructure. This development not only strengthens Recyclekaro’s position in the industry but also supports India’s broader environmental sustainability goals. As the country continues to generate significant volumes of e-waste, the efforts of companies like Recyclekaro will be crucial in ensuring that this waste is managed and recycled in an environmentally sound manner. Join All India EV Community Click here for more such informative insights

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Lectrix EV to Invest INR 100 Crore in FY25 for Multiple EV Launches

Lectrix EV to Invest INR 100 Crore in FY25 for Multiple EV Launches

Lectrix EV to Invest INR 100 Crore in FY25 for Multiple EV Launches Lectrix EV, a division of the SAR Group specializing in electric mobility solutions, has announced an ambitious investment of INR 100 crore for the fiscal year 2025. This strategic move aims to bolster its market presence in the competitive electric vehicle (EV) sector by launching a series of new models in both the two-wheeler (2W) and three-wheeler (3W) segments. Pritesh Talwar, President of EV Business at Lectrix EV, expressed confidence in the brand’s potential to carve out a significant niche in the 2W market. The company recently introduced its first e-scooter, the ‘Eco’ model, priced at INR 50,000. Since its launch, over 1,000 units have been sold, and Talwar aims to increase monthly sales to over 1,500 units, indicating strong consumer interest. Looking ahead, Lectrix EV plans to launch a new 2W model before Diwali and another after the festival, focusing on enhanced range and performance with expected prices between INR 90,000 and INR 1.2 lakh. The company is also developing a high-performance scooter and a high-speed motorcycle slated for release next year. Additionally, Lectrix EV will introduce an improved e-rickshaw model in the upcoming quarter of FY25. The company, known for its commitment to innovation and sustainability, aims to triple its revenue in FY 2024-2025 through these strategic launches. Lectrix EV’s investment will also fund the expansion of charging infrastructure, product manufacturing, and research and development (R&D). This investment is internally funded by the company’s founders, with no immediate plans for external financing, though it remains a possibility for the next financial year. Founded with a vision to revolutionize the EV market, Lectrix EV has steadily built a reputation for quality and reliability. The company’s diverse product lineup is designed to cater to a wide range of customers, from daily commuters to commercial operators, reinforcing its position as a key player in the EV industry. Join All India EV Community Click here for more such informative insights

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Neuron Energy and Hexall Motors Collaborate on Innovative L5 EVs

Neuron Energy and Hexall Motors Collaborate on Innovative L5 EVs

Neuron Energy and Hexall Motors Collaborate on Innovative L5 EVs Neuron Energy, a prominent manufacturer of lithium-ion batteries for electric two-wheelers and three-wheelers, has entered into a significant partnership with Hexall Motors, an emerging innovator in the electric vehicle (EV) industry. As part of this collaboration, Neuron Energy will supply 1000 custom-designed battery packs to Hexall Motors over the next year, beginning in June 2024. This strategic alliance is projected to generate annual revenue of INR 20 crore for Neuron Energy. The battery packs, designed specifically for light commercial vehicles (LCVs), are 16 KWR fast charging high-speed units. These advanced battery systems are engineered to meet the unique requirements of Hexall Motors’ pioneering L5 category vehicle, which features a patented double front wheel design. This innovative design, approved by the Automotive Research Association of India (ARAI), is the first of its kind in the world and is set to debut in the Delhi NCR region. Neuron Energy’s CEO and co-founder, Pratik Kamdar, expressed enthusiasm about the partnership, highlighting the importance of their advanced battery technology in providing the necessary power and reliability for Hexall’s new EVs. Devesh Parekh, co-founder of Hexall Motors, emphasized the critical role of robust energy storage systems and battery packs, which constitute nearly half the cost of electric vehicles and are vital for overall performance. Parekh noted that their vehicles’ unique configurations required specially tailored battery packs with advanced Battery Management Systems (BMS), high-speed charging, and extended range. Hexall Motors’ new vehicle offers substantial cargo volume, making it an ideal choice for last-mile delivery companies, especially those transporting electronic goods and oversized cargo. With a container depth of 8.5 feet, it stands out as one of the largest in its segment. The double front wheel design not only enhances stability but also provides a safer and more reliable option for urban transportation. This partnership underscores Neuron Energy’s leadership in providing cutting-edge battery solutions and Hexall Motors’ commitment to innovation in the EV sector. Together, they are paving the way for future growth and expansion in the electric vehicle market. Join All India EV Community Click here for more such informative insights

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Zypp Electric Secures $15M Series C Funding Led by ENEOS

Zypp Electric Secures $15M Series C Funding Led by ENEOS

Zypp Electric Secures $15M Series C Funding Led by ENEOS Zypp Electric, a leading tech-enabled EV-as-a-service platform, has successfully raised USD 15 million in a Series C funding round led by the Japanese company ENEOS. This funding round included participation from existing investors such as 9 unicorns, IAN Fund, Venture Catalysts, WFC, and others. The USD 15 million equity closure is part of an ongoing USD 50 million round, which is divided into USD 40 million equity and USD 10 million debt. The funds will be utilized to expand Zypp’s fleet from 21,000 to 200,000 electric scooters and extend its services to 15 cities across India by 2026. Akash Gupta, co-founder and CEO of Zypp Electric, emphasized that securing this funding is a pivotal moment for the company and a strong validation amid the current funding environment. This investment will propel Zypp’s mission to revolutionize last-mile delivery with sustainable EV solutions. The funds will help enhance their tech platform, drive significant growth across India, and move towards EBITDA profitability. Zypp Electric has already made notable strides in the market, registering a revenue of INR 325 crore in FY23-24 and launching operations in Mumbai and Hyderabad. The company has completed over 50 million shipment deliveries via electric vehicles between January 2023 and March 2024. Additionally, Zypp is entering the three-wheeler cargo business, planning to incorporate over 1000 electric L5 loaders in its fleet, thereby catering to a broader range of business needs and maximizing revenue streams, including advertising opportunities on E3W vehicles. The company has formed key partnerships with major players such as BigBasket, Zepto, Flipkart, Myntra, Zomato, Swiggy, Blinkit, Uber, Porter, Rapido, 1MG, Delhivery, and Blue Dart. ENEOS, the leading investor in this round, recognized Zypp’s competitiveness and pioneering role in the EV motorcycle delivery market, particularly in the rapidly growing last-mile delivery sector in urban India. This strategic investment by ENEOS underscores its commitment to supporting innovative and sustainable transportation solutions. Overall, Zypp Electric’s successful USD 15 million Series C funding round, led by ENEOS, will significantly bolster its fleet and service expansion, reinforcing its mission to provide sustainable last-mile delivery solutions across India. Join All India EV Community Click here for more such informative insights

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EXEDY Invests in Omega Seiki for Advanced EV Development

EXEDY Invests in Omega Seiki for Advanced EV Development

EXEDY Invests in Omega Seiki for Advanced EV Development EXEDY Co., Ltd., a leading Japanese automotive drivetrain company, has announced a strategic investment in OMEGA SEIKI Pvt. Ltd., an Indian firm renowned for its electric mobility solutions. This collaboration is set to develop a cutting-edge electric vehicle (EV) incorporating EXEDY’s proprietary electric drive unit technology, which includes an advanced motor and a continuously variable transmission (CVT) system. The investment in OMEGA SEIKI reflects EXEDY’s intention to capitalize on India’s rapid economic growth, advantageous demographics, and supportive government policies promoting industrial development and infrastructure enhancement. India’s proactive pursuit of electrification aims to address significant challenges such as air pollution and fossil fuel dependence.  This aligns with EXEDY’s mission to contribute to a decarbonized society, making the country an ideal environment for its innovative drivetrain technology. The partnership between EXEDY and OMEGA SEIKI is expected to accelerate the development of high-efficiency EVs in India, leveraging EXEDY’s technological expertise and OMEGA SEIKI’s market presence. This move is anticipated to set new standards in the electric mobility sector, fostering sustainable transportation solutions. As part of their industry engagement, EXEDY and OMEGA SEIKI will also participate in the Electricon 2024 event in Delhi on July 12, 2024, which focuses on the EV charging business and infrastructure development. This partnership marks a significant step towards advancing electric vehicle technology and promoting environmental sustainability in India. About Omega Seiki and Exedy Co.  EXEDY Co., Ltd., headquartered in Osaka, Japan, is globally recognized for its high-performance drivetrain components. The company has a rich history of innovation, producing a wide range of automotive parts, including clutches, torque converters, and other drivetrain components used in both conventional and electric vehicles. EXEDY’s commitment to quality and technological advancement has positioned it as a leader in the automotive industry, catering to major automakers worldwide. OMEGA SEIKI Pvt. Ltd., based in India, is a dynamic company specializing in the development and manufacturing of electric mobility solutions. Known for its innovative approach, OMEGA SEIKI focuses on creating sustainable and efficient transportation options. The company has gained a reputation for its electric three-wheelers and cargo vehicles, which are designed to meet the growing demand for eco-friendly urban mobility. With a strong emphasis on research and development, OMEGA SEIKI aims to drive the future of electric mobility in India and beyond. (You can now subscribe to our All India EV WhatsApp channel) Join All India EV Community Click here for more such informative insights

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