NSE Ignites EV Investment With Debut Of Electric Vehicle Index Updated On Fri, May 31st, 2024 by Saurenergy National Stock Exchange of India (NSE’s) index services subsidiary, NSE Indices Limited recently launched a new thematic index – the Nifty electric vehicle (EV) and automotive index. The nifty electric vehicle (EV) automotive index aims to track the performance of companies that form a part of the EV ecosystem. It includes companies that are involved […] Read more
EV Maker Euler Motors Raises Rs 200 crore Updated On Thu, May 30th, 2024 by Saurenergy The manufacturer of commercial electric vehicles, Euler Motors, announced that it has closed its Series C round, having raised approximately Rs 200 crore. The business had previously obtained over $60 million in new financing in October 2022 and approximately $14.5 million in November 2023. This round’s investors include Blume Ventures, a domestic venture capital firm, […] Read more
China To Spend $830 Mn For Solid-State Battery R&D: Report Updated On Wed, May 29th, 2024 by Saurenergy China is planning to spend $830 million on all-solid-state battery R&D, reveals a report by Chinese Daily. Six companies, including CATL, BYD, China FAW Group, SAIC Motor Corp, Beijing WeLion New Energy Technology, and Geely Auto Group, will likely receive basic R&D support from the government, the report said. Chinese Government departments are heading this […] Read more
India’s EV Sector: OEMs Lead 70% of Deals In 2023, Says Report Updated On Wed, May 29th, 2024 by Saurenergy According to a report by Bain and Company and Indian Venture and Alternate Capital Association, EV penetration in private equity and venture capital (PE-VC) is projected to rise from 6% in 2023 to 40% by 2030. The report highlighted that 2023 followed the trend observed in the second half of 2022, with a reduction in […] Read more
Volkswagen Plans To Introduce Entry-Level EVs In Europe By 2027 Updated On Wed, May 29th, 2024 by Saurenergy German-based company, Volkswagen board of management of the Volkswagen Group decided to make all-electric entry-level mobility more widespread. Volkswagen Group brings electric cars for EUR 20,000 and its world premiere is planned for 2027. Oliver Blume, CEO of Volkswagen Group said: “Generations of people associate the strong brands of the Volkswagen Group with their first […] Read more
Hyundai Installs First EV Charging Facility In Chennai Updated On Tue, May 28th, 2024 by Saurenergy Hyundai Motor India Limited (HMIL) has announced the inauguration of its first 180 kW DC fast public electric-powered vehicles (EV) charging station in Chennai, Tamil Nadu, comprising of 150 kW & 30 kW connectors. According to HMIL, it is the only fast public EV charging station currently installed in Chennai and is the first of […] Read more
Maxvolt Energy Secures USD 1.5 Mn From Angel Investors Updated On Tue, May 28th, 2024 by Saurenergy Maxvolt Energy Industries, a Noida-based lithium battery manufacturer, and battery pack supplier for electric vehicles, energy storage systems, and medical devices raised 1.5 million USD in funding from multiple angel investors. This capital infusion will support Maxvolt Energy’s plans to advance sustainable energy solutions and strengthen its market position by introducing fast-charging lithium-ion batteries soon. […] Read more
Saft Uses Nickel Technology In Backup Batteries For J&K Rail Tunnels Updated On Tue, May 28th, 2024 by Saurenergy Saft, a subsidiary of TotalEnergies, delivered backup batteries for critical safety systems in tunnels along a new stretch of the Udhampur-Srinagar- Baramula Rail Link (USBRL). This battery is used between Banihal and Sangaldan towns in the Kashmir valley. Prime Minister Narendra Modi opened the new section of the USBRL in February 2024, laying importance on […] Read more
BluSmart To Raise $300 Mn In Next 3 Years, To Expand Fleet: Report Updated On Tue, May 28th, 2024 by Saurenergy Electric Car operator BluSmart has announced it is planning to raise more than $300 million in three years with an aim of expanding its fleet by including thousands of electric cars. According to several media reports, the company aims to increase its fleet of electric vehicles to take on the likes of Uber and Ola. […] Read more
