EV News

Servotech Power Systems to supply 2,649 EV chargers to Bharat Petroleum Servotech Power Systems is a company that makes devices to charge electric cars. On 21 Nov 2023, they said that Bharat Petroleum Corporation, which is a big company that sells petrol and diesel, has ordered 2,649 of their devices. They did not say how much money they would get from this order. “Servotech Power Systems Ltd, the leading manufacturer of EV Chargers in the country, has bagged 2,649 AC EV charger orders from Bharat Petroleum Corporation Ltd (BPCL),” it stated. The company will play a major role in the widespread implementation of EV charging solutions, as stated in the statement, by manufacturing, supplying, and strategically installing 2,649 AC EV Chargers across the country and outfitting gas pumps in major Indian cities under the BPCL E-drive Project. The range of EV chargers includes 3 kW and 7 kW for this project. These AC chargers are already being manufactured and produced; the charger supply will commence on December 15 and be finished in three months. In the past, Servotech Power Systems and BPCL collaborated to change the E-Mobility scene. The company gave and set up 800 machines that can charge electric vehicles quickly. They did this in many places in the country for BPCL’s project that is called E-drive. This initiative intends to establish e-mobility touchpoints that streamline transactions, enhance availability, facilitate discovery, and simplify navigation for EV users, ensuring convenient access to the EV charging network. It will supervise the installation, commissioning, and maintenance of AC EV chargers. “Implementing these chargers will not only enhance the convenience of EV charging but will also contribute significantly to reducing the carbon footprint associated with transportation”. said, Sarika Bhatia, Director of Servotech Power Systems Servotech Power Systems, an NSE-listed company, uses its more than 20 years of experience and knowledge in the electronics industry to create tech-enabled EV charging solutions. Click here for more such informative insights Join the All India EV Community

  Made-in-India Tesla inches closer: Agreement with Musk’s co in works According to persons familiar with the Indian government’s thinking, India and Tesla Inc. are nearing an agreement that would permit the US manufacturer to transport its electric vehicles to the nation starting next year and establish a facility within two years. One of the people, who asked not to be named because the talks are private, stated that an announcement might be made at the Vibrant Gujarat Global Summit in January. Tamil Nadu, Maharashtra, and Gujarat—the home state of Prime Minister Narendra Modi—are being considered because they have established ecosystems for exporting and electric vehicles. According to one person, Tesla would look to increase its purchases of auto parts from the country to as much as USD 15 billion, and the US automaker would also look to make some batteries in India in order to reduce costs. Tesla would also commit an initial minimum investment of roughly USD 2 billion in any plant. Elon Musk, the CEO of Tesla, stated in June that Tesla planned to make a “significant investment” in India, and he wants to visit in 2024. However, he stated that no final decision has been taken and the plans could alter, the sources added. In addition to Tesla, representatives from the ministries of finance, commerce, and industry, as well as India’s Ministry of Heavy Industries, which regulates the auto industry, did not reply to requests for comment. Tesla, which presently has factories in the US, China, and Germany, would greatly benefit from breaking into the most populous country in the world, where demand for electric vehicles is rising among aspirational middle-class consumers. Modi’s government has been pushing to increase domestic manufacturing of EVs and encourage a more rapid adoption of cleaner transport. Despite these initiatives, the electric vehicle (EV) market in India has not taken off, with battery-powered cars making up just 1.3% of all passenger vehicles sold last year, according to BloombergNEF. The high initial cost of electric cars and the scarcity of charging stations have discouraged buyers from making the transition. Trade Minister Piyush Goyal, who visited Tesla’s Fremont, California, plant earlier this month, stated in September at an event in New Delhi that Tesla plans to nearly double its purchases of auto parts from India to USD 1.9 billion this year. Last year, the electric carmaker sourced parts worth USD 1 billion from the country. After a year-long standoff, Tesla and India, the third-largest auto market in the world, resumed talks in May. Musk has criticized India’s high import taxes and its EV policies, and India has advised Tesla not to sell cars made in China, its political rival. According to recent reports, India may reduce import duties for foreign electric vehicle manufacturers for a five-year period in exchange for their future commitment to establish local manufacturing. Click here for more such informative insights Join the All India EV Community

Three global start-ups to collaborate with TotalEnergies on sustainability solutions, after winning OCBC Innovation Challenge 2023 Three companies won a big competition about creating new, eco-friendly ideas. Nunam Technologies from India, which works with used lithium-ion batteries; Bia Power from Spain, which is a new company focusing on clean technology; and Pili Seal from the Philippines, which makes eco-friendly sealants, are the winners. They won the second OCBC Sustainability Innovation Challenge. These companies will test their ideas with parts of TotalEnergies, a big energy company, in early 2024. OCBC is giving each winner $50,000 to help them with their projects. The OCBC Sustainability Innovation Challenge started in 2022. Its goal is to work together with businesses to come up with new ideas for sustainability. It also gives people who have these new ideas a chance to share and grow them. This year, almost 90 ideas were sent in from 27 different countries. They were answering four special challenges set by TotalEnergies. These challenges were about renewable energy and eco-friendly ways to travel. These areas are very important for changing how we use energy and for helping to stop climate change. 1. Find new uses for old electric vehicle batteries to use them again safely. 2. Get more local power systems set up in Asia. 3. Create affordable ways to use renewable energy to make electric vehicle charging stations work better. 4. Make manufacturing materials that are better for the environment. The Solutions for Success Nunam Technologies began by taking old laptop batteries and using them again. They learned from this and now also reuse electric vehicle (EV) batteries, making them last longer. These reused batteries, which can connect to the internet, are flexible and can be put together in different ways. They can be used for many things, like small solar power systems in homes or as backup power for big buildings and businesses. Bia Power made a smart way to charge electric vehicles. They gather information from power plants, people who run lots of vehicles, and places where EVs are charged. Their system watches, plans, and improves how electric vehicles are charged. It is expected to: 1. Permit an increase of EV charging by up to 80% in settings with restricted power capacity; 2. Cut electricity expenses by as much as 50%; 3. Enhance the management of power sources and facilitate the incorporation of renewable energy. In the Philippines, they take the sap from the Pili tree and use a special method to make essential oils. After this, they usually throw away the leftover resin. But a company called Pili Seal found a unique way to use this leftover resin. They make a strong glue and sealant called Pili Seal. This product is healthier to use than other glues and sealants that are made with chemicals. Pili Seal has been used in airplane making and in building things like houses. People think that more and more people will buy Pili Seal in the next few years, with its sales increasing by about 6% each year until 2026. The people who win the OCBC Sustainability Innovation Challenge will start testing their ideas with TotalEnergies in early 2024. They will also skip ahead to the last round of another competition, TotalEnergies On, happening in February 2024. TotalEnergies On is a program by TotalEnergies that helps new companies focused on electricity. It is based at STATION F in Paris, which is the biggest place in the world for new companies to grow. This program started in May 2022 and helps promising new companies find ways to do better in electricity and renewable energy. The winners of TotalEnergies On will get to work with experts in new energy from all over the world and connect with more than 150 important investment groups. They will also work closely with different teams at TotalEnergies to test and improve their new products, services, and business ideas. “One of OCBC’s core strategic priorities is to drive the transition to a low-carbon world. The urgency of this goal has heightened further based on the latest research which says that the window to avoid 1.5°C of global warming will close before 2030 if emissions aren’t reduced sufficiently. Initiatives like the Challenge, where we partner like-minded industry stakeholders such as TotalEnergies to support green solution providers and co-develop sustainable innovations, are essential for accelerating our progress on this goal. This year’s winners impressed us with their keen understanding of the gaps in the renewable energies and sustainable mobility market, and the technical soundness and potential commercial viability of their solutions. We are committed to supporting them and more aspiring solution providers to bring their innovations to fruition.” said, Mr Mike Ng, Group Chief Sustainability Officer, OCBC “TotalEnergies has been actively contributing towards Singapore Green Plan 2030. Innovation plays a critical role in accelerating our energy transition progress, with the Company investing over US$1 billion in R&D and innovation, of which 65% is dedicated to decarbonization solutions. As we continue to push forth the frontiers of innovation, partnering like-minded players such as OCBC on this Challenge, enables us to co-create and implement innovative sustainable solutions with start-ups. It also allows TotalEnergies to keep abreast of new technologies that are relevant to our business, thus helping to future proof our existing solutions to better serve customers.” – said, Mr Ting Wee LIANG, Country Chair Singapore and President, TotalEnergies Asia-Pacific & Middle East – Marketing & Services “India desperately needs more clean energy. We’re pleased that OCBC and TotalEnergies acknowledge the importance of second-life battery solutions for decarbonizing electric mobility and renewable energy storage. Collaborations between startups and large companies can accelerate the inclusive energy transition. Nunam’s team is thankful for the support and is dedicated to advancing second-life battery reuse in the APAC region. We look forward to working with both the companies to realise this goal”. – Darshan Virupaksha, Co-Founder & CEO of Nunam Technologies “We are thrilled to be part of this program, as it has provided valuable insights

Seafund Ventures Allocates INR 5 Crore to Five Startups Focused on Sustainability New Delhi: Seafund Ventures, a company that helps new businesses grow, has put 5 crore Indian Rupees into five different startups that care about the environment.  They want to use 20% of their total money for investments in clean energy and electric vehicle-related areas, including transportation, logistics, and recycling. Right now, Seafund is gathering money for its second big investment project, aiming to collect 250 crore Indian Rupees. The companies they have invested in are Redwings, Docker Vision, Swapp Design, Simatricals, and Evhicle. Docker Vision is a company that uses computer technology and artificial intelligence to help move shipping containers faster at ports and check their condition in real-time. Swapp Design has created a system where robots can quickly change batteries in different types of vehicles. Simatricals builds strong, self-operating electric vehicle chargers that charge quickly and adjust themselves to fit various kinds of vehicles. Evhicle makes smart control systems for electric vehicles that help improve how the vehicle moves, tracks data, checks the weight it’s carrying, and updates itself through the internet. RedWings is working on making and using self-flying drones to change the way goods are moved around, and they are leading the way in starting to use these services in India. “We believe that the EV landscape in India is at its nascent stage and the opportunity from clean mobility to EV Tech is now beginning to be explored as more investors are understanding the thesis of growth. We take pride in the fact that for us sustainability and EV related sectors have always been a priority and it is now that we are seeing real innovation across the value chain. We will continue to help our portfolio companies to scale and continue to look for fresh investment opportunities in this sector.” -said, Manoj Agarwal, Managing Partner, SeaFund These five firms have been chosen after a rigorous nationwide process, and Seafund is investing in them. The companies will receive financial support as well as market access and acceleration initiatives over the next months. “As we continue to raise our second fund, we are seeing a huge interest in the Indian EV landscape from the LPs. The wider conversation is that the shift towards cleaner and more sustainable models is no more a choice but a necessity given the fast deterioration in the environment in our cities. Coupling this with disruptive startups emerging from several corners of India is encouraging early investors like us to work with the founders and provide them with capital and access to grow their businesses.” -said, Narendra Bhandari, General Partner, Seafund While Seafund will continue to work with them and look forward to investing more in these and other potentials who offer unique EV based mobility solutions, it also intends to invest more in one or more of these startups as they scale, meet their performance milestones, and demonstrate growth – in line with its fund philosophy of deploying more than 50% of its corpus in follow-on rounds. This is also part of Seafund’s ESG strategy to build a powerful portfolio across various climate focused technologies. “Adoption of EVs is accelerating in India and has reached a tipping point through the alignment of government policies, a homegrown ecosystem of design and manufacturing entities and now, the availability of capital to fund these ventures. The early adopters of EVs are the B2B logistics and supply chain players who are using these for last mile delivery as the economics make for a compelling use case. ESG goals of the enterprises and policy makers are propelling EV adoption at a rapid pace in this sector,” -said, Mayuresh Raut, Managing Partner, Seafund Ventures Content Credit: ET Auto Click here for more such informative insights Join the All India EV Community

Hyundai Aims to Establish INR 700 Crore Battery Facility in Chennai by 2025 New Delhi: Hyundai Motor India wants to make battery packs in India itself. This is very important for making electric cars affordable in India. This is because many people around the world doubt electric cars and think they are too expensive to buy, as a source said. Less than 2% of EVs are now sold in India, but there will be a spark that will accelerate adoption. The main factor that will drive EV adoption is cost—EVs must become less expensive, and localization is a crucial way to do this. The localization of battery packs is a significant catalyst for Hyundai India. We believe we can achieve a penetration rate of 20-22% by 2030. While the government aims for 30% EV penetration by 2030, some independent analysts suggest a figure closer to 15%. Our outlook is in the range of 20-22%,” Tarun Garg, Chief Operating Officer of Hyundai Motor India Ltd, said. The battery assembly plant in Chennai, Tamil Nadu, is expected to cost INR 700 crore, according to Gopala Krishnan, Chief Manufacturing Officer of HMIL. By 2025, it would have a first-phase capacity of 75,000 battery packs annually. About Hyundai Motor India Hyundai Motor India (HMIL) is a subsidiary of Hyundai Motor Company (HMC) of South Korea and the second largest car manufacturer in India. HMIL has announced its investment strategy for the next ten years, which includes launching six electric vehicles and updating its existing car and SUV platforms. Here are some details about its last two funding rounds and launches: Furthermore, in May 2023, Hyundai announced that it will invest Rs 20,000 crore ($2.45 billion) over 10 years in Tamil Nadu to increase production and introduce new electric vehicle models. The investment will also be used to expand its research and development facility in Hyderabad and set up a new plant in Sriperumbudur. Click here for more such informative insights Join the All India EV Community

Revfin and Shoffr: Innovating in Urban Transportation and Financial Services Revfin and Shoffr are two big companies in India. Revfin helps people get loans easily. Shoffr helps people travel by EV taxi headquartered in Bangalore. They have done something great together after Shoffr’s first year of work. Shoffr started in November 2022 and became the best choice for rides. People like its great service, friendly drivers, and happy customers.  Working together with Revfin, Shoffr first got four BYD e6 electric cars. Now, Shoffr has a lot more electric cars, over 40 in fact, and they are all different types of the BYD model. This substantial expansion highlights the partnership and forward-thinking outlook that Revfin and Shoffr have shared with the goal of revolutionizing urban mobility. The addition of more vehicles to Shoffr’s fleet not only demonstrates the company’s exceptional performance metrics—it continuously maintains asset utilization levels above 75%—but also the company’s commitment to providing effective and environmentally friendly transportation options in Bangalore. The company’s fleet has completed thousands of rides and travelled over a million clean kilometres. Furthermore, Revfin and Shoffr recognize the effects on drivers and advocate for a better working environment, better pay, and a higher standard of living, all of which contribute to the advancement of society. The partnership also emphasizes the environmental impact, with the goal of expanding operations not only in Bangalore but also outside of it, with a shared vision of deploying an electric vehicle fleet that will significantly reduce carbon emissions. Goals and Cooperative Projects: By implementing a fleet that not only improves the customer experience but also promotes environmental sustainability, Revfin and Shoffr hope to transform the transportation industry. They are committed to increasing urban mobility while reducing carbon emissions, which is a critical step toward a more sustainable future. “With our partnership with Shoffr, we are not just redefining transportation; we are reshaping the urban mobility landscape. Our joint efforts mark a significant step towards a future where financial inclusion and sustainable transportation”  stated, Revfin CEO and Founder Sameer Aggarwal “Through our partnership with Shoffr, we’re not merely redefining transportation; we’re reshaping the urban mobility landscape. Our joint efforts mark a significant step towards a future wherein financial inclusion and sustainable transportation seamlessly intertwine.” seamlessly intertwine.” expressed, Sameer Aggarwal, CEO, and Founder at Revfin Vikas Bardia, Founder & CEO of Shoffr, remarked, “Shoffr’s commendable journey within just one year has established it as the foremost choice for commuters in Bangalore. RevFin’s early belief in Shoffr has been invaluable, and we’re thrilled to fortify our partnership as we continue to evolve.” Revfin and Shoffr look forward to growing together in Bangalore and other major cities. They have a combined strategy that prioritizes improving service quality, strengthening environmental sustainability, and developing a more equitable urban transportation system. Click here for more such informative insights Join the All India EV Community

Ola Electric transitions to a Public Limited Company as it prepares for IPO New Delhi: Ola Electric is getting ready to sell its shares to the public soon. To do this, it changed its company type from private to public, according to regulatory filings. This was documented in the regulatory filings. Converting from a private limited company to a public company is a prerequisite for listing on the stock exchanges. The company recently announced the successful closure of INR 3,200 crore of funding as a part of its equity and debt rounds raised from Temasek-led marquee investors and project debt from the State Bank of India, respectively. The funds raised would be utilized towards the expansion of Ola’s EV business and the establishment of India’s first lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu.  Ola Electric is India’s leading manufacturer of electric vehicles (EVs) and stands to have a market share of almost 35%. With a focus on continuous innovation, it aims to move the world towards sustainable mobility with advanced electric vehicles manufactured at its Futurefactory. The government chose Ola Electric as the only Indian company that makes electric vehicles (EV) for a big plan to support battery production. Ola Electric got the highest amount of 20 GWh for making batteries. The plan will help India become more independent and control the most important parts of making EVs. Ola’s new factory in Tamil Nadu will be the first place in India to make a special type of battery called lithium-ion. It will start with making 5 GWh of batteries in the first stage and then increase to 100 GWh in later stages. Ola Electric also added five new scooters to its products. They cost from INR 89,999 to INR 1,47,499. Ola showed them in a big event last month. The scooters are called S1 Pro, S1 Air, S1X+, S1X (3kWh), and S1X (2kWh). They use a new and better technology called Gen-2. They are some of the best EVs you can buy for different prices in the market. Click here for more such informative insights Join the All India EV Community

Battery Energy Storage System plant inaugurated by TATA AutoComp in Pune A big company called TATA AutoComp makes parts for cars and other vehicles. They opened a new factory in Pune to make a special kind of battery that can store a lot of energy. The plant was inaugurated by Praveer Sinha, CEO and MD, of Tata Power, and Arvind Goel, Chairman, Tata AutoComp Systems Limited. The battery is made with a material called Li-Ion. Under their joint venture Tata AutoComp Gotion Green Energy Solutions Pvt. Ltd., the Li-Ion-based BESS will be produced. TATA AutoComp will make these batteries for Tata Power, which is a company that provides electricity. TATA AutoComp gave the first batch of batteries to Praveer Sinha, who is the boss of Tata Power, on Saturday in Pune. These batteries will be used to build a big park that can produce 120 megawatts of electricity in Chhattisgarh. “We are happy to collaborate with Tata AutoComp for Battery Energy Storage Systems (BESS). With the rise of renewables, energy storage has become critical to address the intermittency of solar and wind energy resources. We shall integrate these BESS at our renewable sites to enable round-the-clock supply of clean power and ensure a speedier green energy transition.” –Sinha said  “Tata AutoComp has always been a pioneer in introducing cutting edge technology to its customers. We are leveraging our knowledge in the automotive domain to serve emerging markets which have a synergy in technology. We have been pioneers in launching the Li-Ion based Battery packs and BMS for the Electric Vehicle segment. We are now leveraging this knowledge to build Battery Energy Storage Systems. We will supply these BESS to Tata Power, which is a leading integrated Energy company of the Tata Group,” –Goel said The recently opened BESS facility, spanning 22,227 square feet, will cater to the growing energy storage market and have a capacity of 6 GWH. Previously, Tata AutoComp had contracted with Tata Power Solar Systems Ltd, a division of Tata Power Renewable Energy Limited, to supply BESS for its renewable projects. Click here for more such informative insights Join the All India EV Community

GreenCell Mobility Expands Electric Bus Services to Include Delhi-Shimla Route with NueGo Brand New Delhi: GreenCell Mobility’s well-known electric bus service brand, NueGo, has extended its services to the Delhi-Shimla route, thereby offering tourists in the area more eco-friendly intercity travel options. Founded in 2022, NueGo has quickly expanded its network throughout India, offering eco-friendly intercity travel through its all-electric bus fleet. The brand is synonymous with accessibility, customer satisfaction, and a dedication to sustainable mobility solutions. NueGo offers a smooth and enjoyable experience for both business and leisure travellers by operating a diverse fleet of buses around the clock. Devndra Chawla, MD & CEO, GreenCell Mobility, said, “We are thrilled to introduce the Delhi-Shimla route as part of our growing network. Shimla is a popular tourist destination, and we are dedicated to offering travellers a comfortable and environmentally friendly method to visit this lovely hill station. NueGo is redefining the future of intercity travel by emphasizing accessibility, dependability, and environmental sensitivity.”   “Shimla, located in the beautiful Himalayas, gives a special touch to NueGo’s route possibilities. By using NueGo’s electric bus services, visitors may now enjoy the scenic splendour of Shimla while also contributing to a greener environment. This growth is in line with NueGo’s objective to provide commuters across the country with convenient, dependable, and environmentally friendly transportation options”, he added. As the leading brand for intercity travel in India, NueGo by GreenCell Mobility is distinguished by its electric, diverse, and collaborative approach to transportation. Passengers travelling on these routes can expect an amazing experience, including being helped to their seats, receiving clean, sterile tissues and water bottles, and having a peaceful ride on one of NueGo’s noiseless AC electric buses. These coaches are outfitted with cutting-edge innovations that provide passengers with complete convenience.  As the leading option for environmentally friendly and safe travel, NueGo raises the standard with a variety of safety features. These include strong measures like CCTV surveillance, breath analyzers for drivers, driver monitoring systems, and speed limit checks. In order to guarantee the highest level of safety, NueGo’s coaches go through 25 thorough safety checks, which include mechanical and electrical inspections. NueGo’s attention to safety makes it a desirable travel partner, particularly for female passengers looking for a safe ride. NueGo makes every effort to provide its passengers with an experience that is similar to flying. Its mobile charging stations, ample legroom, and cozy reclined seats evoke the atmosphere of flying.  Equipped with state-of-the-art technology, NueGo coaches are the pinnacle of convenience for travellers between cities. They are always committed to providing a safe, timely, and remarkable travel experience, so they excel in all areas.  You can easily purchase tickets for travel on any of its routes by visiting the company’s official website or through digital platforms like the NueGo app, Redbus, Paytm, and Abhi bus, according to a press release from the company. Click here for more such informative insights Join the All India EV Community

India’s Altmin Collaborates with Bolivia’s YLB for Strategic Alliance in Lithium and C-LFP Technology Bolivia’s YLB, which handles lithium, and Altmin from Hyderabad, a company that makes battery materials, have officially made a deal to work together on lithium and C-LFP (a type of battery technology). The agreement outlines cooperation on the creation of cathode active materials (CAMs) for lithium-ion batteries and the development of the raw materials supply chain, in line with both countries’ efforts to industrialize this vital resource. This collaboration marks Bolivia’s first step toward the advancement of domestic Li-Ion battery manufacturing and will help Altmin’s operations in India while also addressing Bolivia’s lithium needs. The agreement was formally signed by YLB President Karla Calderón and Altmin’s Founder, Mr. Mourya Sunkavalli.  The partnership will have the exchange of scientific technology knowledge for battery active materials manufacturing. A Pilot Plant will be established in La Palca, Potosí, using Altmin’s patented “C-LFP” technology, with YLB providing lithium carbonate supplies. A special event happened at the old National Mint in Potosí. Important people were there, like Raul Mayta, who is in charge of finding and using energy resources, and Marco Copa Gutierrez, who is the leader of Potosí. Other big names from the government, the local area, the YLB company, and Kiriti Varma, who helped start Altmin, were also there. Last month, specialists from YLB went to Altmin’s factory in Hyderabad to talk about complex technical and business stuff. Then, the company owned by the Bolivian government asked Altmin to come to Bolivia to finish their deal. Karla Calderón, President of YLB, emphasized, “This convention provides for cooperation for the technological development of active materials for use in Lithium-ion batteries, with the implementation of a pilot plant in Potosi set to commence this year, and a 3 Gigawatt plant envisioned for the near future.”   Mourya Sunkavalli, Founder & MD of Altmin, expressed confidence in the partnership, stating, “Joining hands with YLB is extremely reassuring as it secures our position in the global battery market. This alliance will enable Altmin to produce upwards of 10 GWh of LFP by 2030..” In order to demonstrate its dedication to the manufacture of cathode active material (CAM) and India’s self-reliance in the field while reducing external dependence, Altmin recently opened a Megawatt-scale LFP manufacturing unit with ARCI. Content Credit: ET Energyworld Click here for more such informative insights Join the All India EV Community