EV Batteries in 5% GST Bracket to Support Faster Adoption Updated On Tue, Jul 5th, 2022 by Saurenergy The GST rates on lithium-ion battery packs have been reduced by the government from 18 percent to 5 per cent which is the lowest tax category. A statement by the Finance Ministry held, “Electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional GST rate of 5 percent.” This was […] Read more
Kinetic Green Energy And Cholamandalam Sign Pact To Finance EVs Updated On Mon, Jul 4th, 2022 by Saurenergy Pune based EV manufacturer Kinetic Green Energy on July 4 announced that the buyers can finance their EVs with Cholamandalam Investment and Finance Company, Chennai-based Murugappa Group’s financial services arm. Both the companies having entered into an agreement, under which the customers can avail themselves of getting the EVs financed by Chola. Kinetic manufactures both electric […] Read more
EVIFY Raises Rs. 80 Lakh From Angel Investors to Accelerate Its EV Operations Updated On Mon, Jul 4th, 2022 by Saurenergy EVIFY, Surat-based EV logistics startup, has acquired Rs. 80 lakh in a seed round from angel investors including We Founder Circle. This investment round’s funds will primarily be used for the company’s operational expansion, team building, and technology development. The startup has set its sights on reaching every corner of the country with green logistics […] Read more
Log9 Materials Showcases It’s Full EV Range At Expo Updated On Mon, Jul 4th, 2022 by Saurenergy Bengaluru-based Electric vehicle startup Log9 Materials, with its indigenously-developed innovations/technology-based solutions for the EV, energy storage, and other allied domains (Last-Mile Delivery) is in hyper active mode. From multiple partnerships, to participating in industry expos, to even investments in other startups, the firm and its founders have been very busy lately. At a recent green […] Read more
Electric Pickup Trucks: Everything That Concerns You Updated On Thu, Jun 30th, 2022 by Saurenergy Times are changing, and electric vehicles are inexorably gaining in popularity. Consumers seek an alternative to the high gas prices which is sustainable, and automakers push to reduce private transportation’s dependence on fossil fuels. Electrification of mobility efforts started with hatchbacks, sedans, and even crossover SUVs. The wave finally hit one of the world’s most […] Read more
Panel Blames Faulty, Scrambled Battery For Spate Of EV Fires Updated On Thu, Jun 30th, 2022 by Saurenergy The batteries fitted into electric two-wheelers catching fire were faultily designed and lacked even the basic safety mechanisms. The expert panel formed by the government to investigate the accidents has called upon the manufacturers for corrective mechanisms or face legal action otherwise. According to a member of the panel, the battery management system seriously compromised […] Read more
Urban Mining Startup Metastable Materials Raises Pre-Seed Funding Updated On Thu, Jun 30th, 2022 by Saurenergy In its maiden fundraising round, Bengaluru-based urban mining startup Metastable Materials has raised an undisclosed amount of pre-seed funding from a clutch of angel investors and venture capital firms. The pre-seed round was led by Akshay Singhal and Kartik Hajela, Co-Founders of Log9 Materials – an advanced EV battery-technology and battery manufacturing company. Archana Priyadarshini, […] Read more
Mecwin India Invests Rs 50 Cr to Set Up New Manufacturing Unit Updated On Wed, Jun 29th, 2022 by Saurenergy Bangalore-based EV start-up, Mecwin India has announced a new manufacturing unit in Bengaluru, Karnataka for EV motors and controllers. The firm is going to invest Rs 50 Cr in this manufacturing unit, it claims. According to the company’s statement, Bengaluru’s production plant for domestic EV motors and controllers will be up and running by the […] Read more
The Top 5: If Picking An EV Truck, Make It One OF These Updated On Tue, Jun 28th, 2022 by Saurenergy Electric mobility has emerged as the most promising alternative to conventional ICE vehicles. The global automotive market is pushing for electric mobility at record rates The electric vehicle is clearly influencing two-wheeler and four-wheeler markets while having already made a significant impact on three-wheelers. Similarly, EV pickup trucks has also not remained a novel concept […] Read more
