Ather Closes Series E Fund Raise With $128 Million Round From NIIFL, SOF, Hero Moto Updated On Fri, May 13th, 2022 by Saurenergy Bengaluru based Ather Energy, a leading electric two-wheeler company in India, has confirmed the completion of its Series E round of funding with signing of investment agreements amounting to $128 million with National Investment and Infrastructure Fund Limited’s (NIIFL) Strategic Opportunities Fund (SOF), and Hero MotoCorp, a significant shareholder of Ather, and additional investors. Details […] Read more
BYD India In Charging Tie-Ups To Reassure Customers Updated On Thu, May 12th, 2022 by Saurenergy BYD India has tied up with three EV charging infrastructure firms, Chargezone, Volttic, and Indipro, to offer a more robust charging network to its customers. The firm, which started off targeting the Electric bus market in India before introducing its other vehicles, notably the E6. The new charging partners will basically make their charging networks […] Read more
Switch Mobility of Ashok Leyland to Invest Rs 1,000 Crore in EV Plant Updated On Wed, May 11th, 2022 by Saurenergy Ashok Leyland is looking bullish on electrification of the buses business in a big way. The major Indian auto player in the large vehicles’ segment has planned to invest Rs 1,000 crore in a dedicated electric vehicle (EV) plant in coming days. Ashok Leyland will be investing through its subsidiary Switch Mobility in South India. […] Read more
Second-hand electric cars sale double in UK Updated On Wed, May 11th, 2022 by Saurenergy According to the fresh data released by the Society of Motor Manufacturers and Traders (SMMT), the sale of second-hand electric cars have increased in the United Kingdom to almost 14,600 in the first quarter of 2022 from a mere 6,600 in the first quarter of 2021. This marks an abrupt increase of 120% considering the […] Read more
Promise To Reality- 5 Battery Breakthroughs That Could Make It To Market Soon Updated On Wed, May 11th, 2022 by Saurenergy Innovation is inevitable. As any technology evolves, so do the expectations with it. Similarly, the battery technology has also been evolving, throughout history, in the desire to make it more efficient, powerful, dependable, sustainable, and whatnot. The lithium-ion batteries-saga itself is as old as 1970s, and is still improvising. However, a big complaint from industry […] Read more
Mubadala, ENGIE To Ease EV charging in Abu Dhabi, Middle East Updated On Wed, May 11th, 2022 by Saurenergy Mubadala Investment Company has signed a Memorandum of Understanding (MoU) with French energy major ENGIE for the development of a digital platform to enable charging electric vehicles in Abu Dhabi and the Middle East region. ENGIE is a global leader in energy business. The MoU entails that Mubadala and ENGIE will look to develop a […] Read more
Bhago Mobility Solutions Acquires Stake In Pastiche Energy Solutions Updated On Tue, May 10th, 2022 by Saurenergy Bhago Mobility Solutions Private Limited (Bhago), the Green Energy Vertical for Modern Automotive Limited (MAL), has announced an equity acquisition in Pastiche Energy Solutions (P) Ltd (Pastiche), one of the oldest players in the Energy Storage Sector in India, since 2015. The partnership will aggregate the strengths of both the companies towards the manufacturing of […] Read more
Jindal Acquires Earth Energy EV in a bid to enter EV market Updated On Sat, May 7th, 2022 by Saurenergy Jindal Worldwide has announced that it has acquired Mumbai-based EV startup Earth Energy EV through one of its subsidiaries – Jindal Mobilitric. The acquisition also marks the entry of Jindal Worldwide into the electric vehicle sector of India. The financial details of the deal are yet to be disclosed. The official statement of Jindal Worldwide […] Read more
Altigreen Has New Service Head, Quality Head Updated On Fri, May 6th, 2022 by Saurenergy Altigreen, an EV major, has strengthened its leadership team in the critical areas of service and quality to meet the surging demand of the EV industry. Releasing a press statement on May 6, the company has informed the appointment of Mainak Nandi as national head of service and spares and Vinod Gupta as head of […] Read more
