EV News

Valeo to Provide Electric Powertrain for Mahindra & Mahindra’s Electric Vehicle Initiative Valeo is a company that makes new and better ways of moving around. It has joined hands with Mahindra & Mahindra, a company that makes big cars in India, to give them electric engines for some of their new cars that run on batteries. They will also give them a device that can charge the batteries of the cars. The total deal is worth almost USD1 billion and was already counted in the money that Valeo said it will make from selling electric engines in its Q3 report. Powertrain electrification is a global leader in which Valeo leads the way with solutions to suit the needs of all road users. Valeo plans to localize the production of the electric powertrain in India by making an investment near the Mahindra facility in Pune, Maharashtra. The electric motor, gearbox, and inverter will all be part of it, along with the integrated 3-in-1 bi-directional Combo power electronics, which combines the Power Distribution Unit (PDU), Onboard Charger (OBC), and DC-DC converter.  According to Xavier Dupont, Valeo Powertrain Systems Business Group President, ”At Valeo, we believe that electrification is the future of mobility and we have developed best-in-class technologies to support the growing demand of our clients. Our solutions, developed and manufactured locally, will support Mahindra & Mahindra in offering Indian customers electric vehicles with higher voltages and longer range. This partnership with Mahindra & Mahindra is a major step forward for Valeo in the Indian EV market.”  Jayakumar G, Group President & Managing Director, Valeo India, said, “We are proud to be associated with Mahindra & Mahindra to equip their latest EV platform with our electrification technologies. We will be investing to localize the production of this new order in India. I would like to express our hearty thanks to the management of Mahindra & Mahindra for their trust and confidence in Valeo. This is only the beginning of the EV transition and Valeo is accelerating to be ready to take on the EV revolution in India and contribute to greener and safer mobility.”  R Velusamy, President, Automotive Technology and Product Development, Mahindra & Mahindra Ltd., said, “The collaboration with Valeo is in alignment with our ‘Born Electric’ vision. Valeo’s electrification technology compliments our purpose-built INGLO platform, which serves as the backbone of Mahindra’s EV architecture and its human-machine interface. This partnership is a significant step towards fulfilling our commitment to offer sustainable, cutting-edge mobility solutions, not just in India but globally.” Content Credit: ET Auto Click here for more such informative insights Join the All India EV Community

Karnataka govt revises EV policy, targets INR 50,000 cr investment over five-year period The state of Karnataka wants to make more electric vehicles (cars, bikes, etc.) and use less petrol or diesel. They have a plan for the next five years to do this. They hope that this plan will bring a lot of money and jobs to the state. “This proposed policy aims to transform Karnataka into a pioneering force in the field of electric mobility, embracing sustainable practices and equitable growth while fostering innovation and creating a robust ecosystem for EVs throughout the state,” Minister for large and medium industries and infrastructure development, M B Patil, said on the occasion.  Speaking at a brainstorming session with key players in the electric vehicle industry, he said that the government is planning to organize a collaborative meeting involving the ministers of finance, energy, transport, and urban development. This meeting aims to resolve prevailing issues in a unified manner before the rollout of the definitive E-mobility policy. In response to suggestions put forward by various participants from the EV industry, Patil said that the government would develop model EV cities to promote EV adoption. These model cities would be developed in Kalaburagi, Belagavi, Hubballi-Dharwad and Mysuru among others. The government is in discussion with the National Highway Authority of India (NHAI) to set up electric vehicle charging stations on either side of the Bengaluru-Pune national highway at 10 major toll booths, he said.  Gunjan Krishna, Commissioner, Department of Commerce and Industries, Government of Karnataka, presented the draft policy highlights and mentioned that the government has decided to build large electric vehicle clusters at the “right price point” in Gauribidanur (Chikkaballapur) and Chikkamalligewada (Dharwad).  She said that investors can easily obtain the land in both areas as it has been purchased. A statement from the Minister’s office states that Karnataka’s current EV policy is about to expire. To guarantee “maximum benefit” to investors, the state became the pioneer in India in 2017 by introducing the EV policy and bolstering the benefits even further in 2021.  “The proposed revised draft policy has increased the capital subsidy for testing centres to 30 per cent for onboarding best-in-class private operators for setting up EV testing cum certification facilities. The existing policy provides a 15 percent capital subsidy cap and one per cent incentives for five years,” it said.  Additionally, it stated that the proposed draft policy has expanded its scope to include incentives for cell components such as anode, cathode, separators, powerful hybrid cars, battery recycling facilities, and testing infrastructure.  The six main components of these clusters are the ready-to-occupy land parcels, ready-built factories and sheds, plug-and-play incubation facilities, testing labs, proving grounds, and homologation facility.  Furthermore, the Karnataka government has provided capital subsidies to micro and small businesses, with amounts ranging from 25 to 30 percent and 20 to 25 percent, respectively. According to the statement, incentives on the value of fixed assets (VFA) for medium-sized businesses range from 20% to 25%. The proposal calls for a three-year rental subsidy on homes larger than 10,000 square feet, including a repayment of 30% of rent, or a maximum of Rs five per square foot every month.  In the meantime, the current policy’s exemption from stamp duty is still in effect. The statement claims that in order to hasten the adoption of EVs, the amended draft policy being suggested will quickly identify property parcels that are in line with the power infrastructure needed for charging stations and offer competitive power pricing.  “With approximately 2.5 lakh EVs registered and 700 charging stations in Karnataka, the state stands as the third highest in EV registrations nationally, with an eight percent adoption rate, showcasing the state’s commitment to reshape the mobility landscape,” it said.  Industrial Training Institutes (ITIs) will be crucial to the evolution of the EV industry in terms of skill development, which is a major demand for the sector to change. They will not only assist in lowering the cost of skill development by 40% but also shorten training durations by 2-4 months, it noted. Content Credit: ET Auto Click here for more such informative insights Join the All India EV Community

InterGlobe Partners with Archer Aviation to Bring Electric Air Taxis to India InterGlobe Enterprises and Archer Aviation Inc. have agreed to work together to start and run a new kind of taxi service in India that uses electric planes that can fly up and down. They need to get permission from the government first. Rahul Bhatia from InterGlobe and Nikhil Goel from Archer signed a paper to make this plan possible. They want to give people a fast and cheap way to travel in the city that is also good for the environment and does not make much noise. They will work with other businesses in India to use Archer’s planes, pay for and build places where the planes can land and take off, and train people to fly and work with the planes. They also plan to buy up to 200 of Archer’s planes for the India service. Archer’s planes are called Midnight, and they can carry four people. They can fly very quickly and do not need much time to charge. They want to make it possible for a person to fly from Connaught Place in Delhi to Gurugram, which usually takes an hour or more by car, in just 7 minutes. They also want to use electric planes for other things in India, like carrying goods, helping people who need medical help, and letting people rent them for private or business trips. Rahul Bhatia, Group Managing Director of InterGlobe, said: “Over the last two decades, InterGlobe has provided safe, efficient, and affordable transportation to hundreds of millions of Indians across the country. We are excited at this new opportunity of bringing an effective, futuristic and sustainable transport solution by introducing Archer’s electric aircraft to India.”  “I founded Archer with the vision to help decongest the world’s largest cities. India is one of, if not the largest opportunity for eVTOL aircraft utilization in the world, as it is home to the world’s largest population of over 1.4 billion people and its largest cities face some of the greatest congestion challenges in the world,” commented Archer’s CEO and Founder, Adam Goldstein, “Archer’s all-electric Midnight aircraft is designed to provide a revolutionary transportation solution that can help address these congestion issues.”  Nikhil Goel, Chief Commercial Officer of Archer Aviation, added: “At Archer, our goal is to make cities greener, smarter, more efficient places to live. We couldn’t be more excited to be partnering with Rahul and the InterGlobe team to bring our Midnight aircraft to Indian cities and fundamentally transform mobility across the country, with the goal of starting with Delhi, Mumbai, and Bengaluru.”  Many cities in the world are too crowded and it takes a long time to travel by road. The number of people living in cities will grow even more in the future. Archer’s electric planes are a new and better way to travel in the city that is safe and good for the environment. India is a big and growing economy and it can benefit from this new way of transport. Content Credit: EV Mechanica Click here for more such informative insights Join the All India EV Community

Revolt Motors, India’s first AI-enabled electric motorcycle company, has announced a partnership with Adani Green Energy Limited (AGEL), one of the largest renewable energy companies in the world. Under this agreement, Revolt will provide its e-motorcycles to AGEL for its corporate fleet across 11 cities in India. This is a significant step for Revolt, as it will expand its presence and customer base in the country. Revolt’s e-motorcycles are designed to offer a smart, eco-friendly, and cost-effective mobility solution for urban commuters. The e-motorcycles have a range of 150 km per charge, a top speed of 85 km/h, and can be charged at home or swapped at Revolt’s switch stations. The e-motorcycles also come with AI features, such as geolocation, geofencing, sound selection, and remote diagnostics. AGEL, which aims to achieve 25 GW of renewable energy capacity by 2025, has expressed its commitment to adopt green mobility solutions for its employees and stakeholders. AGEL’s CEO, Mr. Vneet Jaain, said that the partnership with Revolt is aligned with the company’s vision of creating a sustainable future. He also praised Revolt’s innovative and customer-centric approach to e-mobility. Revolt’s founder and CEO, Mr. Rahul Sharma, said that he is delighted to partner with AGEL, a leader in the renewable energy sector. He said that this partnership will help Revolt reach more customers and create a positive impact on the environment. He also thanked AGEL for trusting Revolt and supporting its mission of revolutionizing the e-mobility space in India. About Revolt: Revolt Motors is India’s first AI-enabled electric motorcycle company, founded by Rahul Sharma, the co-founder of Micromax, in 2019. The company launched its first two models, RV 400 and RV 300, with features such as geolocation, geofencing, sound selection, and remote diagnostics. In 2021, Revolt was acquired by RattanIndia Enterprises, which invested INR 150 crore in the company and helped it expand its presence across 11 cities in India. Revolt celebrated its 6th anniversary in 2023 by launching a limited edition Stealth Black RV400 e-bike, which received an overwhelming response from customers. Revolt aims to revolutionize the e-mobility space in India by offering smart, eco-friendly, and cost-effective mobility solutions for urban commuters. Click here for more such informative insights Join the All India EV Community

Amazon has recently initiated a groundbreaking all-electric global last-mile fleet program in India, marking a significant step towards sustainable delivery operations. This program is designed to support Delivery Service Partners (DSPs) by providing them with access to custom-designed, environmentally friendly three-wheeler electric vehicles (EVs) for package deliveries. These vehicles are leased through a fleet management company and are equipped with advanced telematics and safety technology for efficient and secure deliveries. The initiative is part of Amazon’s broader commitment to reducing carbon emissions and achieving net-zero carbon by 2040. As of now, Amazon has deployed over 6,000 electric vehicles across more than 400 cities in India. The company aims to expand this fleet to 10,000 EVs by 2025. The vehicles, such as the Mahindra Zor Grand, are capable of traveling up to 50 kmph and covering over 100 km on a single charge, enhancing the efficiency of last-mile deliveries. In addition to the fleet expansion, Amazon has contributed $10 million to the C40 Cities’ Laneshift initiative, which focuses on transforming zero-emission freight shipping in major cities across Latin America and India, including Delhi, Mumbai, Bengaluru, and Pune. This initiative is a testament to Amazon’s dedication to sustainable practices and its role in shaping the future of eco-friendly delivery solutions. Click here for more such informative insights Join the All India EV Community

Tata Motors Electric Vehicle Dealers Get Financing Support from Standard Chartered Bank Standard Chartered Bank, India, and Tata Motors, a big car maker in India, have joined hands to help their electric car dealers get money easily. The bank has been giving money to Tata Motors’ dealers who sell cars that run on petrol or diesel, for both small and big vehicles. They have signed a paper that says Standard Chartered Bank will give more money only to dealers who buy electric cars from Tata Motors. These deals will be done through Tata Passenger Electric Mobility Limited (TPEML), which is a part of Tata Motors. Tata Motors is the best in the Indian electric car market, with more than 73% of the sales. This partnership will help Tata Motors make more people buy electric cars in India and help their dealers get money for their electric car business. Ankur Khurana, Managing Director & Co-Head, Client Coverage, India, at Standard Chartered Bank, expressed enthusiasm about the partnership, saying, “We are excited to extend our supply chain offering to the high growth EV business of Tata Motors. This augurs well for our strategy to support sustainable industries, and is yet another testimony of our long-standing engagement with Tata Motors and the Tata Group, which spans over many decades and represents one of our most valued relationships globally.” Dhiman Gupta, the money boss of Tata Passenger Electric Mobility Ltd. and a director of Tata Motors Passenger Vehicles Ltd., said that giving good service to customers was very important in the electric car market. He stated, “As leaders of the 4-wheeler EV space, we are committed to working with the right partners in our effort to further grow the market. To that effect, we are happy to partner with Standard Chartered Bank to further assist our authorized passenger electric vehicle dealer partners with an exclusive financing program. We are confident that this partnership will prove beneficial for all parties as we continue to expand our presence in this space.” This partnership shows how important it is to have money help and strategic alliances to make more people use electric cars in India’s changing car market. Click here for more such informative insights Join the All India EV Community

Finayo targets to disburse Rs 100 crore funds for EV financing in FY2024 Finayo is a new company that helps people buy electric vehicles (EVs) by giving them loans. It works with Mufin Green Finance, Choice Finserve, and others that lend money for this purpose. Finayo says it will give loans worth Rs 100 crore in the next year. It has already given loans worth Rs 20 crore. It wants more people to use EVs in India. Finayo is doing well in the EV and Green-tech business. It wants to speed up the growth of the EV industry with its Rs 100 crore goal. It plans to give most of the money to people who want to buy electric three-wheelers. It will also give some money to people who want to buy electric two-wheelers. Brajendra Singh Tomar, Co-founder & CEO, Finayo said, “Delivering loans comes with a unique set of challenges, with seamless EV asset management emerging at the forefront of this ladder. All the while, the majority of the EV lending platforms are not equipped with robust R&D teams. We’ve been able to carve a distinctive niche in the EV lending space by successfully overcoming such complexities given our ability to launch innovative solutions backed by our prestigious network of strategic partners.” Finayo says it will keep raising more money with the help of its 8 partners. It will use the money to support small businesses that use EVs. This will help them earn more money, live better, and get jobs and financial security. It will also help the environment by using less pollution. Finayo wants to help the climate by reducing the amount of carbon that goes into the air. It will do this by giving loans to 4,000-5,000 electric three-wheelers. This will cut down carbon by 513.4 to 1891.7 tonnes every year. It will also give loans to 2,000-3,000 electric two-wheelers. This will cut down carbon by 13-19.5 million tonnes every year. This will also help 6,000-8,000 families improve their lives. Click here for more such informative insights Join the All India EV Community

New Lamborghini car coming to India on December 6: Very fast and powerful Lamborghini is an Italian company that makes very fast and expensive cars. In March 2023, they showed a new car called the Revuelto. They will start selling this car in India on December 6, 2023. The Revuelto is the best car that Lamborghini has made so far. It is also the first car that Lamborghini has made that uses both gas and electricity to run. People who want to buy this car in India will have to pay a lot of extra money for taxes and fees. The car might cost around 10 crores. The Revuelto has a very powerful engine that uses gas and also has electric motors that help it go faster. The engine is 6.5-litre V12 and the battery is 3.8kWh lithium-ion. The engine can make 825hp hp, and the electric motors can make 190hp more. Together, they can make 1,015hp of power. The car can send this power to all four wheels using a new 8-speed dual-clutch automatic gearbox. The car has two electric motors in the front and one in the back. The one in the back can change how much power it gives to the back wheels depending on how the driver wants to drive. Lamborghini says that the car can go from 0 to 100 kmph in 2.5 seconds and can reach a top speed of 350 kmph. The car looks very sharp and has a lot of Y-shaped details. The car has Y-shaped lights in the front and the back. The car also has big Y-shaped openings for air in the front. The car has very loud exhausts that are shaped like hexagons and are placed high on the back. The car has doors that open upwards and sideways. The car has many lines and angles on the sides. Inside the car, the dashboard also has a Y-shaped design. The car has a big 8.4-inch screen for the driver and a smaller 9.1-inch screen for the passenger. The car also has a 12.3-inch digital instrument cluster that shows the speed, the battery level, and other information. The driver can control some things using buttons on the steering wheel. Click here for more such informative insights Join the All India EV Community

Mercedes-Benz teams up with CHARGE+ZONE and Evnnovator for charging solution CHARGE+ZONE and Evnnovator are two companies that help electric vehicles (EVs) charge their batteries. They have joined hands with Mercedes-Benz, a famous car maker, to offer a better charging service in India. Mercedes-Benz already has many charging stations in India, and now they are connected with more stations run by Evnnovator, the statement said. This means that EV users can find and use about 500 charging points across India through the FICH app, it added. Mercedes-Benz has the biggest and best charging service among luxury car makers in India. “We have collaborated with Evnnovator, onboarding the charging infrastructure of our franchise partners across India, on their FICH application. This application ensures seamless access to our pan-India fast charging solutions,” Santosh Iyer, Managing Director and CEO at Mercedes-Benz India said, adding that “we have opened our charging infrastructure to all EV users through this app.” Evnnovator’s eMSP (e-mobility service provider) platform offers FICH EV charging app, which enables users to seamlessly locate, access, and pay for charging services offered by multiple charge point operators (CPOs) such as CHARGE+ZONE through a single platform. “Whether our customers are seeking a charging point from various CPOs or navigating the complexities of the EV charging landscape, our platform simplifies the process, ensuring a convenient and efficient experience, said Rai Nitin Chitransh, the founder of Evnnovator. CHARGE+ZONE has a cloud-based software called charge Cloud, which connects the fast EV chargers of Mercedes-Benz partners with Evnnovator’s eMSP platform, the statement said. By using the power of Mercedes-Benz India’s big and fast charging service, Evnnovator’s eMSP platform, and our charge cloud software, we have created a modern and green EV charging system in India, Kartikey Hariyani, the boss of CHARGE+ZONE said. Click here for more such informative insights Join the All India EV Community

NTU Singapore and Durapower’s cloud-based AI solution for enhancing battery durability and security A team of scientists from NTU Singapore and Durapower Singapore has developed a new technology that works on the internet and can make lithium-ion batteries last longer and safer. These batteries are very important for using clean energy and electric cars, which are becoming more popular. They are also needed for storing data on the internet, which is growing too. This new technology uses IoT and AI, which are smart and connected devices, to help businesses and data centers avoid problems with lithium-ion batteries, such as fires, especially in places that are hot and wet like Singapore. The leader of this research project is a professor from the university and the boss of the company, and they get support from the government. In the past four years, the team has developed a system called FXMS, which uses Digital Twin technology, where a virtual replica of an actual battery is created to mirror the one in real life, offering high accuracy, real-time monitoring, and predictions of battery conditions for up to five years. The FXMS can check regularly which battery pack is going to fail and can tell when is a good time to change it, with up to 95 percent accuracy, up to over six months in the future. Right now, they are testing it in a big box that has a data center inside it on the university campus. The team thinks that their new technology, which they have applied for a patent, can help to make lithium-ion batteries last more than 50 percent longer, and reduce the pollution from making and throwing away batteries, as batteries need a lot of materials and energy to make. Asst Prof Hung Dinh Nguyen, who is the Cluster Director of Renewables’ Integration & Microgrids at the Energy Research Institute at NTU (ERI@N), explained, “Our main aim is to enhance the safety and efficiency of large-scale energy storage systems and Electric Vehicles, as a single faulty cell can spark off a chemical fire that is extremely hard to put out. Since our technology is cloud-based, it is scalable and can easily be adapted for consumer electronics such as mobility devices, laptops and mobile phones, helping the batteries to last longer and in the long run, reduce electronic waste and carbon footprint,” Chief Executive Officer of Durapower Group, Kelvin Lim commented, “With the global mandate for sustainability, smart mobility, and a carbon-neutral future, we’re seeing widespread adoption of energy storage systems and uptake of EVs. The development of a customizable software platform like FXMS furthers efforts toward robust and comprehensive digital infrastructure based on Machine Learning and Artificial Intelligence to capture increasingly complex battery and energy usage in the EV market. The outcomes from this joint initiative with the EMA, NTU, and Durapower on FXMS will enable better decisions based on data and analytics, facilitating optimal battery health, performance, and longevity.”  NTU Vice President (Industry) Professor Lam Khin Yong said that NTU and Durapower are working together to create new green technology with the help of the Singapore government. “NTU is good at working with big companies to make new things that can solve problems in their field. We use our knowledge in things like saving the environment, making better batteries, and using smart devices and AI, with Durapower’s skills and experience, to make innovation faster and help our local small businesses grow in the world in new industries like electric cars and energy storage systems.” Digital twins are like copies of real things or places in the computer, and they are very important for the infocomm industry because they can help make better and safer decisions with AI suggestions. This is also a research area that NTU supports a lot in its NTU 2025 plan, under its Innovation & Entrepreneurship goal that started this year. For example, for big battery storage systems that are used for green energy grids or data centers, the digital twin can help control the batteries, such as changing the electricity flow to make weaker batteries last longer or stopping using a battery pack until it can be changed. When batteries get old, like those in electric cars, they are often used for other things like energy storage and then made into new batteries. The ERI@N is working on solutions for everything about battery storage, from battery control systems to making batteries. In the future, the NTU team will work with Durapower to test their solution on bigger data centers and to make it fit for different uses and battery systems. Content Credit: ET CTO Click here for more such informative insights Join the All India EV Community