eBikeGo’s Arm Vajram Electric Raises $1.5 Mn in Seed Funding Round Updated On Wed, Nov 23rd, 2022 by Saurenergy Mumbai-based OEM service provider and also a wholly owned subsidiary of eBikeGo company, Vajram Electric, recently raised $1.5 mn in seed funding round that was led by High Networth Individuals, such as Nikul Gala and family and included other well-known HNIs, including Anil Basa, Cyprian D’mello, and others. Vajram Electric is looking to create a […] Read more
EV Industry On The Road To Goal 2030 Updated On Thu, Oct 6th, 2022 by Saurenergy Dr Irfan Khan, Founder & CEO, eBikeGo The Government wants India to be a 100% electric vehicle nation by the year 2030. Under the new government plan, every car that is sold in India from 2030 will be electric. Due to the competitive environment in the market, India’s auto industry has become one of […] Read more
MG Motor India Elevates ZS EV Excite Model with New Interior Colours Updated On Mon, Oct 3rd, 2022 by Saurenergy Recently, MG Motor India revealed that its brand-new ZS EV Excite model will have dual-tone signature ivory interiors. Today onward (October 3, 2022) the reservations for the brand-new ZS EV Excite will open. With more than 75 connected features and the largest in-segment 50.3kWh battery with globally recognized quality standards (ASIL-D, IP69K, & UL2580), the […] Read more
Magenta Mobility Partners with Flipkart for Debut in Delhi Market Updated On Mon, Sep 12th, 2022 by Saurenergy The last-mile transportation provider in India, Flipkart, has announced a partnership with Magenta Mobility, a company located in Karnataka that offers electric mobility solutions. Through this partnership, Magenta Mobility will officially enter Delhi-NCR and add over 400 electric cargo cars to the Flipkart fleet there. This fleet deployment goes above and beyond what Magenta currently […] Read more
New Financing Association Forms Platform for FIIs that Finance EVs Updated On Thu, Sep 8th, 2022 by Saurenergy A group of financiers that are actively financing electric vehicles have joined hands to launch an association, Electric Mobility Financiers Association of India (EMFAI). EMFAI will prove to be a common platform for all the financial institutions involved in financing electric vehicles and other products as well as services relevant to the ecosystem. The association […] Read more
Harsh Shah Exits Azure Power; Rupesh Agarwal Steps in as Acting CEO Updated On Tue, Aug 30th, 2022 by Saurenergy Leading renewable power producer in India, Azure Power Global Limited has announced the appointment of Rupesh Agarwal as its Acting Chief Executive Officer (CEO). Agarwal will take the reigns of the organisation from Harsh Shah, who has resigned as CEO with immediate effect. The Board will consider the appointment of a new permanent CEO in […] Read more
Kinetic Engineering To Establish a $250 Million Electric Vehicle Subsidiary Updated On Thu, Aug 18th, 2022 by Saurenergy Kinetic Engineering (KEL), the Kinetic Group’s flagship company, has announced the formation of a subsidiary company focused on the electric vehicle (EV) segment. The subsidiary will have an authorized capital of up to $250 million, and the company will own more than 51% of it. KEL would use its strong technical knowledge and vast manufacturing […] Read more
Volvo Group Expedites Work To Set Up Battery Production Plant In Sweden Updated On Fri, Aug 5th, 2022 by Saurenergy The Volvo Group has announced that it has initiated the process to establish a large-scale production plant for battery cells in Sweden. This is aimed at meeting the growing demand for battery electric heavy-duty vehicles and machines. Martin Lundstedt, President and CEO of the Volvo Group, commented on the development, “We aim to lead the […] Read more
Nexeon Raises $200 Million To Fund Battery Materials Manufacturing Updated On Thu, Aug 4th, 2022 by Saurenergy Nexeon has announced that it has completed the second close of its fundraise resulting in a total investment of $170 million furthering to the announcement of its strategic partnership with and investment from Korea based SKC last January. $50 million is also being commercially invested in Nexeon’s technologies as a result of the investment round. […] Read more
