SUBSCRIBE NEWS LETTER

EV ecosystem

The Perils Of A High Customs Duty Regime

Every crisis brings an opportunity with it. This is because obstacles considered insurmountable earlier, can become a lot more manageable in the rush of a crisis. India’s government has clearly decided to use the Covid-19, followed by the now bloody border dispute with China, as the opportunity to set things right for manufacturing in India. […]

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ADGM Inks Partnership With IRENA to Promote Sustainable Finance

ADGM and IRENA have signed an MoU to signify their joint commitment to progressing sustainable finance across the UAE and the wider region. Abu Dhabi Global Market (ADGM), the award-winning international financial centre, and the International Renewable Energy Agency (IRENA), the lead intergovernmental agency for the energy transformation, have signed a Memorandum of understanding (MoU) […]

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Let’s Make India The Recycling Hub Of The World: Rajat Verma

As India takes slow and steady steps towards e-mobility, the big opportunity you won’t hear about is recycling of batteries. Especially critical considering the high cost of Lithium-Ion batteries, and the sourcing risk for raw materials. Enter Rajat Verma, Founder at Lohum Cleantech. The firm is into manufacturing of 1st and 2nd life battery packs […]

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Yulu Secures Rs 30 Crore Funding Led by VC Firm Rocketship

EV micro-mobility service provider Yulu has secured a fresh infusion of Rs 30 crores in equity funding led by US-based Rocketship and existing investors. Electric micro-mobility service provider Yulu recently announced that it has secured a fresh infusion of Rs 30 crores in equity funding led by US-based VC firm Rocketship and existing investors. The new investment received during the COVID-19 crisis, […]

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Bank of America and Duke Energy Agree PPA for 25 MW Solar Power

Bank of America is partnering with Duke Energy to further expand its renewable energy commitment by powering its Charlotte operations with solar energy. Bank of America has announced today that it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte operations with solar energy. Through a renewable energy […]

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Siemens Inks Long-Term Pact with EnergyNest for Energy Storage Solns

Siemens Energy, a division of global technology giant Siemens, has recently entered into a long-term partnership with the Norwegian technology company EnergyNest. EnergyNest, which is a startup in the space, is a supplier of thermal energy storage systems. The two companies joined hands with an aim to jointly offer modularized and standardized thermal energy storage […]

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Inadequate Policy Support for RE Startups and SMEs in India: WWF India

There are only a handful of policies that help accelerate the growth of RE startups and SMEs to meet India’s clean energy demands, finds a new report. While India’s move towards clean energy transition has led to the emergence of various startups and Small and Medium Enterprises (SMEs), there are only a handful of policies that help […]

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With Phased Duties on Solar Imports, Government Hopes for Orderly Transition

At his press conference today, Power Minister R.K. Singh confirmed that duties, possibly starting at 25 percent, will be imposed on module imports from August 1. He wasn’t absolutely certain on duties for cell imports, but indicated they would be treated at a lower rate, possibly 15 percent. It is also not clear if customs […]

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