Magenta Mobility Gets Capital Infusion of $22 Mn From bp, Morgan Stanley India Infra Updated On Wed, Apr 5th, 2023 by Saurenergy Electric mobility solutions provider Magenta Mobility has revealed that it has concluded a Series A1 funding round, which has rung in USD 22 million equity investment coming in from UK-headquartered bp and Morgan Stanley India Infrastructure-managed investment fund. The firm has shared that with the freshly infused capital, it will look at fleet and geographical […] Read more
Crash in Lithium Prices: A Boon for EV Buyers or Unsustainable Trend? Updated On Tue, Apr 4th, 2023 by Saurenergy Prices of the so-called ‘White Gold’ has been declining for the past few months. Lithium is a common ingredient in almost all electric-car batteries we use today. The drop in commodity prices has made it easier for carmakers to cut prices for electric vehicles. For instance, last month, Tesla lowered the prices of its two […] Read more
Statiq to Build 500 EV Chargers for HPCL Across 12 States Updated On Tue, Apr 4th, 2023 by Saurenergy Electric vehicle charging network startup Statiq has announced that the company has received a contract to develop more than 500 electric vehicle charging stations for state owned oil marketing company HPCL. As per Statiq, these EV chargers will come across 12 states of India: Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, […] Read more
Battery Recycling Startup-Metastable Bags Seed Funding Under Scale-Up Programme Updated On Mon, Apr 3rd, 2023 by Saurenergy Metastable, a deep-tech battery recycling startup, has raised seed funding under Sequoia Capital Asia’s rapid scale-up programme, ‘ Surge’. The Bengaluru-based urban mining company works towards extracting crucial elements of Lithium-ion batteries up to the optimal level. In a release to the media, the firm said that it had raised seed funding through the programme. […] Read more
China’s New Emission Standards Could Squeeze Auto Makers Further In Largest Auto Market Updated On Mon, Apr 3rd, 2023 by Saurenergy The electric vehicle (EV) industry has disrupted the Chinese auto market, the world’s largest today, for good. China has been careful to ensure that domestic firms lead the EV boom, even while allowing Tesla and other incumbents to have a play in the Chinese market too. However, with most outside majors plying mostly ICE vehicles […] Read more
Ascend Elements Opens Largest EV Battery Recycling Facility of North America Updated On Fri, Mar 31st, 2023 by Saurenergy As recycling continues to emerge as a key pillar of the Lithium battery question, Ascend Elements has opened its first commercial-scale lithium-ion battery recycling facility this week. The facility is claimed to be the largest in the US, the world’s largest auto market. Ascend Elements said that located in Covington, Georgia, the $50 million Base […] Read more
Fujiyama Launches 5 New E-Scooters in India with Prices Starting Rs 49,499 Updated On Thu, Mar 30th, 2023 by Saurenergy India’s e-scooter manufacturing firm, Fujiyama has introduced five electric scooters in India. The firm will begin with introductory offer prices ranging between Rs 49,499 to Rs 99,999 for the e-scooters. Amongst the five models launched, four are low-speed models viz. Spectra Pro, Spectra, Vespar, Thunder models. One is a high-speed model called Ozone+. As per […] Read more
In Last 1530 Days, Revfin Financed 11 Electric Vehicles Daily Updated On Tue, Mar 28th, 2023 by Saurenergy EV finance firm Revfin says that it has financed over 17,118 electric vehicles in the last 51 months. This means, in the last 1530 days Revfin financed 11 electric vehicles everyday. These vehicles are plying in over 200 cities across 16 states of India. The firm has already contributed to reduction of 30486 metric ton […] Read more
LG Energy Solution (LGES) to Build $5.5bn Battery Plant in Arizona Updated On Mon, Mar 27th, 2023 by Saurenergy LG Energy Solution (LGES) will invest about $ 5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). LGES said that this […] Read more
