Ankit Sharma

Hero MotoCorp to Launch Affordable Two-Wheeler EVs by FY25 Hero MotoCorp, India’s largest two-wheeler manufacturer, has announced ambitious plans to expand its electric vehicle (EV) lineup. By FY25, the company aims to introduce a range of affordable two-wheeler EVs to cater to a broader customer base. This strategic move is part of Hero’s effort to strengthen its position in the rapidly growing electric mobility market. Currently, Hero MotoCorp offers two electric scooters under the VIDA brand, priced between INR 1 lakh and INR 1.5 lakh. The company plans to launch new models targeting the mid and mass-market segments, which will significantly broaden their market reach. This initiative is expected to drive substantial growth in both the current and next fiscal years​​. In addition to expanding its product portfolio, Hero MotoCorp is enhancing its production capabilities. The company is ramping up production to meet the increasing demand, aiming to produce 10,000 units per month by the end of this fiscal year. This includes the upcoming Xoom 125 and Xoom 160 scooters, which are set to debut in the first half of the year​​. Moreover, Hero MotoCorp has entered a partnership with Ather Energy to develop an interoperable charging network. This collaboration will provide over 2,000 charging points across 200 cities, significantly improving the accessibility and convenience of EV charging for customers​. The company is also planning to extend the VIDA brand’s presence to European and UK markets in FY25, marking its foray into international markets. This geographical expansion is poised to enhance Hero’s global footprint and capitalize on the growing demand for electric vehicles worldwide​. Join All India EV Community All India EV Market Updates

MyPickup Secures Seed Funding to Revolutionize EV Ride-Hailing In an exciting development for the electric vehicle (EV) sector, MyPickup, an innovative EV ride-hailing startup, has successfully raised seed funding led by Inflection Point Ventures (IPV). This significant investment highlights the growing interest and confidence in sustainable transportation solutions. Looking to Debt, Funding??? All India EV, got the solution for you… Investment Details Inflection Point Ventures spearheaded this funding round, reinforcing their commitment to supporting pioneering startups in the EV ecosystem. Alongside IPV, several angel investors participated, showcasing a collaborative effort to bolster MyPickup’s growth and market reach. MyPickup’s Vision MyPickup aims to disrupt the ride-hailing industry by focusing exclusively on electric vehicles. This strategy not only addresses the pressing need for environmentally friendly transportation options but also taps into the increasing consumer demand for sustainable travel solutions. With this fresh capital, MyPickup plans to scale its operations, enhance its technology infrastructure, and expand its fleet of electric vehicles. Market Potential The EV ride-hailing market is poised for exponential growth, driven by global environmental goals and government policies favoring electric mobility. MyPickup’s unique position in this market, combined with its recent funding boost, positions it well to capitalize on these trends and set new standards in the industry. Future Prospects The infusion of funds will enable MyPickup to enhance its service offerings and expand its footprint across major cities. This strategic growth plan is expected to attract more users to its platform, thereby increasing its market share and fostering a robust, green transportation network. Be a part of All India EV Community

Boosting EV Adoption: Statiq and BPCL’s Strategic Partnership In a significant move to enhance India’s electric vehicle (EV) infrastructure, Statiq, a leading EV charging network, has partnered with Bharat Petroleum Corporation Limited (BPCL). This collaboration aims to expand EV charging in India, by significantly expanding the availability and accessibility of EV charging stations. Strategic Expansion Statiq, known for its innovative approach to EV charging, has already deployed over 7,000 chargers across tier 1, tier 2, and tier 3 cities in India. With this partnership, the company plans to add an impressive 2,800 new chargers, which will be installed at BPCL fuel stations nationwide. This strategic expansion is expected to provide a robust and reliable charging network, addressing one of the critical barriers to EV adoption: the availability of charging infrastructure. Enhancing User Experience The collaboration with BPCL is set to streamline the EV charging experience for users. Statiq’s mobile app will integrate these new charging points, offering real-time insights and essential information. This includes features like total distance traveled, remaining range updates, and charging indicators, which are designed to simplify the charging process and enhance convenience for EV owners. Driving Sustainable Mobility The surge in EV users in India highlights the necessity for a widespread and accessible charging infrastructure. As more individuals opt for EVs due to their environmental and cost benefits, the demand for reliable charging solutions escalates. By providing extensive coverage and ensuring nationwide access to charging stations, this partnership between Statiq and BPCL is a crucial step towards reducing carbon emissions and dependency on fossil fuels, paving the way for a sustainable future in India. Future Prospects Looking ahead, Statiq aims to expand its network to 20,000 charging stations by the end of 2025. This ambitious plan, supported by collaborations with various Charge Point Operators (CPOs) like Hyundai, ChargeMOD, and GLIDA, aims to offer seamless and interoperable charging experiences for users across different platforms. This integrated approach will further ease the transition to electric mobility for the Indian populace. In conclusion, the partnership between Statiq and BPCL is poised to significantly boost EV adoption in India, making EV charging more accessible and convenient for users. This initiative not only supports the country’s environmental goals but also enhances the overall user experience, encouraging more people to switch to electric vehicles. For more information on this development, you can refer to sources such as EMobility+, All India EV, and others detailing the collaboration and its implications for India’s EV ecosystem.

Strengthening India’s Battery Recycling Ecosystem through EU Collaboration In a significant stride for India’s green technology sector, three Indian start-ups have been selected alongside three European counterparts in the Battery Recycling Technologies Matchmaking Event, organized by the EU-India Trade and Technology Council (TTC). Winners and Opportunities Indian start-ups, BatX Energies, Evergreen Lithium Recycling, LW3 Pvt. Ltd., and Lohum Cleantech, will embark on an immersive, all-expenses-paid week-long visit to the EU. This initiative aims to foster cross-border innovation, connecting these start-ups with European stakeholders, government officials, and industry leaders. It will allow them to explore battery recycling facilities, pilot projects, and potential commercial collaborations. Similarly, European companies, including Ecomet Refining (Italy), Eneris (Poland), and Tozero (Germany), will visit India, opening avenues for mutual growth and development in the battery recycling industry. Importance for India India’s lithium-ion battery market, valued at approximately €52.1 million in 2024, is projected to grow to €1.4 billion by 2030. This rapid growth underscores the necessity for robust recycling solutions to reduce dependence on imports and support a circular economy. Event Highlights The matchmaking event, organized by the EU and the Principal Scientific Adviser to the Government of India, provided a global platform for showcasing innovative battery recycling solutions. Co-chaired by Mr. Marc Lemaitre and Professor Ajay Kumar Sood, the event highlighted the commitment of both regions to clean and green energy technologies. Indian companies who won BatX Energies: Specializes in sustainable recycling solutions for lithium-ion batteries, contributing to the reduction of electronic waste. Evergreen Lithium Recycling: Focuses on environmentally friendly recycling processes, aiming to recover valuable materials from used batteries. LW3 Pvt. Ltd.: Innovates in battery recycling technologies, striving for efficient resource recovery and minimal environmental impact. Lohum Cleantech: A leader in lithium-ion battery recycling and reuse, working to make energy storage more sustainable. Strategic Engagement The EU-India TTC, established in February 2023, serves as a platform for strategic engagement on trade and technology between the two regions. This event marks a milestone in bilateral cooperation, promoting science, research, and innovation in battery recycling. This collaborative effort not only strengthens India’s battery recycling capabilities but also sets a precedent for future EU-India partnerships in green technology. By bridging gaps and fostering innovation, both regions are poised to lead the way in sustainable energy solutions.

EV Industry’s Wishlist for the Upcoming Budget: Incentives, Infrastructure, and Tax Reforms As the upcoming budget announcement looms, the electric vehicle (EV) industry in India is vocal about its needs to sustain and accelerate growth. Here’s an in-depth look at what EV Industry’s Budget Wishlist and what the industry is hoping for: Note: this content is the rework of a content from Economic Times News Boosting Incentives for EV Adoption The EV sector is advocating for the extension and expansion of the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme, which is critical for the industry’s growth. With the scheme set to expire soon, there is a pressing need to continue and enhance the financial incentives that make EVs more affordable for consumers and viable for manufacturers. Key Requests:Extension of FAME II: The industry seeks a longer duration and broader scope for the FAME II scheme.Increased Subsidies: Proposals include more substantial subsidies and rebates for both buyers and producers to lower the cost barrier. Developing Robust Infrastructure One of the significant barriers to widespread EV adoption is the lack of infrastructure, particularly charging stations. The industry is pushing for considerable investments to expand this infrastructure across the country, ensuring that EV users have easy access to charging facilities. Key Requests:Charging Network Expansion: Investments to increase the number of charging stations nationwide.Battery Manufacturing Support: Initiatives to boost local production of EV batteries to reduce reliance on imports and cut costs. Rationalizing Taxes The current tax structure is seen as a hindrance to the growth of the EV sector. The industry is calling for a reduction in the Goods and Services Tax (GST) on EVs and a more favorable customs duty regime for EV components. Key Requests:GST Reduction: Lowering the GST on EVs from the current 5% to a more manageable rate.Customs Duty Easing: Reducing duties on essential EV components to encourage domestic manufacturing. Enhancing Research and Development To stay competitive and drive innovation, the industry is seeking government support for research and development (R&D). This includes grants and funding for advancements in EV technology and battery development. Key Requests:Innovation Grants: Financial support for R&D activities to foster innovation in EV technology. The EV industry’s budget wishlist is a comprehensive set of requests aimed at creating a conducive environment for electric mobility in India. With these measures, India can not only boost its EV sector but also make significant strides towards sustainability and environmental goals. The upcoming budget is a critical opportunity for the government to support the EV industry’s growth and align with global trends towards cleaner transportation. As the budget announcements approach, the industry remains hopeful for favorable outcomes. Stay tuned for updates on the budget and its implications for the EV sector! Join our LinkedIn Community India’s first B2B platform for EV Industry

Matter Motors Secures INR 82 Crore Funding from Japan Airlines In a significant financial development, Matter Motors has successfully secured a substantial funding round amounting to INR 82 crore. This investment is led by Japan Airlines, alongside contributions from a consortium of global investors. Matter Motors, an emerging player in the electric vehicle (EV) sector, has been making waves with its innovative approaches to sustainable transportation. The infusion of capital is expected to accelerate the company’s R&D initiatives, expand its manufacturing capabilities, and strengthen its market presence. Japan Airlines’ involvement signals a growing interest in sustainable technologies within the aviation industry. This investment aligns with the airline’s broader strategy to support eco-friendly innovations and reduce its carbon footprint. With the fresh funds, Matter Motors aims to enhance its product lineup, focusing on developing advanced EV models and bolstering its technological infrastructure. This move is anticipated to drive the company’s growth trajectory, positioning it as a formidable competitor in the global EV market. The funding also underscores the confidence that international investors have in Matter Motors’ vision and potential. As the company continues to innovate, this financial backing will play a crucial role in realizing its goals and contributing to the broader adoption of electric vehicles. Matter Motors’ CEO expressed enthusiasm about the funding, highlighting the strategic advantage it provides. “This investment is a testament to our commitment to revolutionizing the EV industry. We are excited to have Japan Airlines and other esteemed investors on board as we continue our journey towards a greener future.” This funding milestone marks a pivotal moment for Matter Motors, setting the stage for accelerated growth and innovation in the electric mobility space. In addition to its automotive ventures, Matter Motors is closely associated with Matter Energy, a division focused on advanced energy solutions. Matter Energy specializes in the development of cutting-edge battery technology, playing a crucial role in supporting the company’s EV initiatives. With a commitment to sustainable energy, Matter Energy is dedicated to creating efficient and high-performance energy storage systems, further reinforcing Matter Motors’ mission of driving the future of green transportation.

Servotech Leads Green Push with Solar Powered EV Charging Station in Delhi Servotech Power Systems Ltd., a leading manufacturer of EV chargers and solar solutions, in collaboration with India’s apex solar organization, the National Solar Energy Federation of India (NSEFI), has inaugurated Delhi’s first grid-connected Solar Powered EV Charging Station. This Solar-Powered EV Charging Station, established as a pilot project at the Hauz Khas Village parking station, marks a significant milestone in sustainable energy and electric vehicle infrastructure. Servotech has manufactured, designed, and commissioned the solar panels and EV chargers used to establish the carport. Additionally, Servotech has been responsible for designing and implementing the overall infrastructure for the carport. Dr. Philipp Ackermann, German Ambassador to India and Bhutan, was the chief guest at the event, inaugurating the solar-powered EV charging station in the presence of Mr. Raman Bhatia (Founder and MD, Servotech Power Systems Limited) Mr. Amarjeet Singh, (CEO, BSES Yamuna Power Limited) Mr. Chintan Shah, (Principal Advisor, NSEFI) and Mr. Subrahmanyam Pulipaka, (CEO, NSEFI). This initiative is a collaboration between the National Solar Energy Federation of India (NSEFI) and the Bundesverband Solarwirtschaft e.V (BSW), in cooperation with BSES and the Municipal Corporation of Delhi (MCD). The Solar-Powered EV Charging Carport was established under the KVP project framework. The KVP project is supported by the German non-profit company Sequa GmbH, as part of the Business Membership Organization Partnerships of the German Federal Ministry for Economic Cooperation and Development (BMZ). This PV Carport introduces a new business model for DISCOMs and business operators aiming to replace last-mile delivery vehicles with an electric fleet. The system enables fast charging for two and four-wheelers in under an hour, facilitating efficient delivery services in inner-city and confined spaces. “We are thrilled to inaugurate Delhi’s first solar-powered EV charging carport along with NSEFI, marking a significant step towards sustainable urban mobility for a greener future. The newly inaugurated solar carport exemplifies our efforts to reduce carbon emissions and enhance living conditions through sustainable technology. This initiative will prove to be beneficial in decarbonizing mobility and electricity through solar energy. The growth of India’s solarand energy storage sectors across various fronts is dynamic, and by integrating renewable energy solutions into our infrastructure, we not only address current environmental challenges but also pave the way for a cleaner, more sustainable future for all. Servotech stands for innovation and is committed to leading the charge in sustainable energy solutions, driving positive change for the environment and society.” Raman Bhatia, Founder and Managing Director, Servotech Power Systems Ltd Why India needs Solar Powered EV Charging Station? India, with its rapidly growing urban population and increasing demand for transportation, is facing significant environmental challenges. The adoption of solar-powered EV charging stations can play a crucial role in addressing these issues. Here are several reasons why India needs to embrace this technology: Rising Air Pollution Levels: Major Indian cities like Delhi, Mumbai, and Bangalore consistently rank among the most polluted in the world. According to the World Health Organization (WHO), air pollution in India causes around 2 million premature deaths each year. Transitioning to electric vehicles (EVs) powered by renewable energy can significantly reduce emissions from conventional fossil fuel-powered vehicles, contributing to cleaner air and healthier living conditions. Economic Benefits: Solar energy has become increasingly cost-effective. The levelized cost of electricity (LCOE) for solar PV in India is among the lowest in the world, at around $0.037 per kWh. By integrating solar power into the EV charging infrastructure, India can achieve significant cost savings on energy expenses, which can be redirected towards other developmental projects. Energy Security: Solar-powered EV charging stations enhance energy security by decentralizing power generation. Unlike traditional power plants, solar installations can be set up in various locations, reducing the risk of widespread power outages and ensuring a more stable and reliable power supply for EVs. Climate Change Mitigation: India is one of the most vulnerable countries to the impacts of climate change. Extreme weather events, rising temperatures, and changing rainfall patterns pose serious threats to its economy and population. By reducing greenhouse gas emissions through the use of solar-powered EV charging stations, India can contribute to global efforts in mitigating climate change and protecting its environment.