Musashi, Delta and Toyota in JV For EV Drives Updated On Wed, Sep 27th, 2023 by Saurenergy Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan and a leading manufacturer of two-wheeler and four-wheeler transmission components in India, has entered into a joint venture with Delta Electronics, Inc. (Delta) and Toyota Tsusho Corporation (Toyota Tsusho) to sell EV drive units for two-wheeled vehicles in India. […] Read more
Battery Materials Firm GEM In Indonesian JV To Diversify Risk, Protect US, EU Markets Updated On Wed, Sep 27th, 2023 by Saurenergy Shenzhen, China based GEM, the largest supplier of battery raw materials in China and the leading battery recycling firm in China and globally, has announced plans to invest about USD750 million in two new plants in Indonesia in a move aimed at diversifying its manufacturing base and developing global industrial supply chains in alignment with […] Read more
Norwegian Battery Maker Morrow Nets €100m Equity Funding Updated On Wed, Sep 27th, 2023 by Saurenergy Norwegian battery start-up Morrow Batteries has scooped up €100m in an investment round led by Siemens Financial Services and ABB. Other investors in the round were Nysnø Climate Investments and Arendals Fossekompani, as well as the company’s existing shareholders PKA, NOAH and Agder Energi Invest. Morrow, starting with its first battery cell factory opening in […] Read more
Electric Motorcycle Startup Raptee Pockets $3 Mn in Pre-Series A Round Updated On Tue, Sep 26th, 2023 by Saurenergy EV Motorcycle Startup, Raptee has raised $3 million in a Pre Series A round led by deep-tech VC fund Bluehill Capital. The all-equity funding round saw participation from investors including Eugene Mayne, Founder and CEO of Tristar Global (UAE), Lakshmi Narayanan, Former CEO Cognizant, Ramesh Kannan, Managing Director, Kaynes Technology, Chandu Nair, Director, Shankara Building […] Read more
Honeywell & ESS Partner for Iron Flow BESS Updated On Tue, Sep 26th, 2023 by Saurenergy North Carolina-based firm Honeywell and ESS have joined hands on the advancement of iron flow battery (IFB) energy storage systems. This is based on the patented IFB design of ESS with advanced materials and expertise in energy systems that Honeywell boasts. ESS is a manufacturer of iron flow batteries. The firm recently announced its ambition […] Read more
LIB to Supply 50,000 Li-ion Batteries to VoltUp by 2024 Updated On Mon, Sep 25th, 2023 by Saurenergy A manufacturer of lithium-ion batteries, LIB, has joined hands by way of a major contract manufacturing deal with VoltUp, a Battery-as-a-Service (BaaS) start-up. The agreement will pave the way for LIB to provide 50,000 lithium-ion batteries in 2024. This will be followed by an additional 500,000 batteries over the span of the next three years. […] Read more
Delhi Govt Issues Tender for 3,000 Electric Two Wheelers in 90 Locations in Dwarka Updated On Fri, Sep 22nd, 2023 by Saurenergy The Delhi government has issued a tender inviting bids from service providers towards the deployment of high and low-speed e-scooters and also e-cycles in Dwarka. The announcement comes as part of the Public e-Scooter Sharing (PeSS) System and Public e-Cycle Sharing System (PeCS) initiative. The bids have been invited with a view to ensure last-mile […] Read more
CNGR, Al Mada Partner For $2 Billion EV Battery Plant in Morocco Updated On Fri, Sep 22nd, 2023 by Saurenergy Chinese battery components manufacturer CNGR Advanced Material and the African private investment firm Al Mada have unveiled plans to establish an industrial hub in Jorf Lasfar, Morocco. This project will entail an investment of $2 billion. This collaborative endeavor was officially disclosed through a joint statement by the two firms. The two entities are currently […] Read more
LOHUM Provides Nepal Indian Alternative to China by Supplying 25,000 MT EV Battery Materials Updated On Thu, Sep 21st, 2023 by Saurenergy LOHUM, a producer of sustainable energy transition and battery materials through integrated recycling, repurposing, and refining, is partnering with Nepal’s EV ecosystem partners that are selling MG, Stellantis, and Tata EVs. The diverse pool of EV sector partners will also eventually include Volkswagen, Suzuki, Renault, and Mahindra EVs enter recycling, among others. The partnership will […] Read more
