Sterling Tools Signs MoU With South Korea’s Yongin for EV Components Facility Updated On Thu, Apr 18th, 2024 by Saurenergy Automotive fastener manufacturer Sterling Tools Limited has signed a Memorandum of Understanding (MoU) with South Korea’s, Yongin Electronics Co. Ltd, a major supplier of components to the Hyundai Kia Motor Group for the production of electric vehicle (EV) and electronic components within India. This agreement is expected to generate Rs. 250 crore in business over […] Read more
JLR Develops Portable BESS Using Second-Life Range Rover Updated On Tue, Apr 16th, 2024 by Saurenergy Jaguar Land Rover (JLR) partnered with energy storage start-up, Allye Energy, to create Battery Energy Storage System (BESS). A single Allye MAX BESS holds seven second-life Range Rover and Range Rover Sport PHEV battery packs that can be simply removed from the vehicles and slotted into customized racks, without unnecessary additional processing. Each BESS can […] Read more
Tata Power EV Charging Network Surpasses 10 Cr Km Milestone Updated On Mon, Apr 15th, 2024 by Saurenergy Tata Power, an integrated power and electric vehicle charging solutions provider company became one of the EV Charging solutions providers to power 10 crore (100 million) kilometres. It spans public, semi-public, bus/fleet, and home charger segments across India. This achievement underscores Tata Power’s contribution to promoting sustainable mobility solutions nationwide. India’s vision for sustainable transportation […] Read more
Tata & Shell Ink Deal To Setup EV Charging Stations Across India Updated On Fri, Apr 12th, 2024 by Saurenergy Tata Passenger Electric Mobility Ltd, has signed a non-binding Memorandum of Understanding with Shell India Markets Private Limited (SIMPL) to collaborate in establishing public charging stations across India. According to a statement by Tata, the collaboration will leverage Shell’s widespread fuel station network and TPEM’s insights from over 1.4 lakh Tata EVs on Indian roads […] Read more
Zypp Electric Registers 3 Times Revenue Growth In FY24; Deploys 20k E-Scooters In 2023 Updated On Wed, Apr 3rd, 2024 by Saurenergy Electric Vehicle firm, Zypp Electric has announced that it had a three-times surge in revenue in FY24. The company has deployed an additional fleet of electric scooters across India, Zypp Electric has expanded its presence in six major metropolitan cities of Delhi NCR, Bangalore and Mumbai. According to Zypp Electric, this exponential growth underscores Zypp […] Read more
Servotech, Electra Collaborate To Develop Fast EV Charging Solution Updated On Tue, Apr 2nd, 2024 by Saurenergy Servotech Power Systems Ltd., an EV chargers and solar solutions provider, and Electra EV, an electric vehicle powertrain solutions company, have collaborated together regarding EV charger technology, for which they filed for patents recently. This solution can enable fast DC charging of any GB/T Bharat DC 001 vehicle (which is on sub 200V DC platforms) […] Read more
IOCL, Panasonic Energy Form JV For EV Batteries Updated On Mon, Apr 1st, 2024 by Saurenergy Indian Oil Corporation Limited and Panasonic Energy, a Panasonic Group Company, have signed a binding term sheet to draw a framework for the formation of a JV for manufacturing cylindrical lithium-ion cells in India in anticipation of expanding demand for batteries for two and three-wheel vehicles and energy storage systems in the Indian market, the […] Read more
Mahindra Signs MoU with Adani Total Energies For EV Charging Infra Updated On Fri, Mar 22nd, 2024 by Saurenergy SUV manufacturer Mahindra & Mahindra has announced the signing of a memorandum of understanding (MoU) with Adani Total Energies E-Mobility Limited (ATEL), a wholly-owned subsidiary of Adani Total Gas Limited for setting up electric vehicle charging infrastructure across the country. “This collaboration signifies a giant leap towards building a greener, more sustainable future, aligning with […] Read more
RMI Releases Report On Mitigating Financial Risks In EV Lending Updated On Thu, Mar 21st, 2024 by Saurenergy The RMI released a report that sheds light on the challenges encountered in extending loans for internal combustion engine (ICE) two- and three-wheelers due to the prevalence of new-to-credit (NTC) borrowers. The report emphasizes mitigating risks in lending for the acceleration of electric vehicle (EV) adoption and provides an in-depth analysis of the financial landscape […] Read more
