Venture Capital Firm SphitiCap Contributes $9 Million to Corrit Electric’s Series A Funding Updated On Thu, Nov 17th, 2022 by Saurenergy Noida-based fast-growing electric mobility brand, Corrit Electric has secured $9 million in Series A funding from Noida-based founder-focused, early-stage venture capital firm, SphitiCap. Corrit Electric’s investment from SphitiCap will enable it to further its goal of putting 1,50,000 Corrit Electric bikes on the road over the next three years, ramp up its current production plant, […] Read more
Pilot Company, Volvo Partner to Set up Charging Network for Electric Trucks Updated On Wed, Nov 16th, 2022 by Saurenergy America is on a drive to decarbonise its transport sector. In a key development, Pilot Company or ‘Pilot Travel Centers’ and Volvo Group have signed a Letter of Intent to develop a high-performance charging network open to all battery-electric Class 8 truck brands to support fleet customers in their electrification and decarbonization journeys. The official […] Read more
Auto Component Giant MT Autocraft Announces 100 Cr Investment in E-Mobility Updated On Fri, Nov 11th, 2022 by Saurenergy Electric vehicle (EV) startup MTA E-Mobility Pvt Ltd was established by MT Autocraft, a provider of machined components and assemblies, with an investment of Rs 100 crore to develop EVs and essential electrical systems. The business constructed a facility of three acres in Palwal, in the national capital area, and will exhibit its goods and […] Read more
Ioniq 5: India’s First Global Battery Electric Platform from Hyundai Updated On Fri, Nov 11th, 2022 by Saurenergy Hyundai Motors India, the second largest auto seller in India, continues to firm up its EV plans for the country. With the release of its future model, the Ioniq 5, which is scheduled to make its world debut at the Auto Expo in January of next year, Hyundai Motor India said that it will bring […] Read more
Erisha E Mobility in JV with German Partner Greenbox for Green Hydrogen Business Updated On Thu, Nov 10th, 2022 by Saurenergy Erisha E Mobility, an entity of Rana Group, that envisions manufacturing, distributes, and exports electric vehicles segment and hydrogen fuel cell buses, has entered into a Joint Venture with German partner Greenbox Global Holding (Greenbox), incorporating Erisha Hydrogen India Private Limited. What the JV offers The JV aims to offer solutions for sustainable energy production, […] Read more
MG Motor India Achieves Highest-Ever Production, 1000 Electric Updated On Tue, Nov 1st, 2022 by Saurenergy Recently, MG Motor India reported retail sales of 4367 units in October 2022, an increase of 53% from the corresponding month of the previous year (October-2021). (Highest-Ever Production) This expansion is the result of the company producing 5008 units overall, including 1000 of its electric car (MG ZS EV), which was also a record-high for […] Read more
PE Investments in Electrical Vehicles Could Reach $1 Billion in 2022 Updated On Mon, Oct 31st, 2022 by Saurenergy As consumers see new policy measures and the rising price of fossil fuels pushing the adoption of green mobility, experts predict that private equity investments (PE Investments) in India’s electrical vehicle (EV) market could top $1 billion this year. During the nine months leading up to the end of September, investors invested $904 million through […] Read more
DIAL Plans to Use More Electric Vehicles to Cut Pollution Updated On Fri, Oct 28th, 2022 by Saurenergy To reduce carbon emissions in the airport environment, DIAL, the operator of Delhi International Airport Limited, recently said that 57 electric vehicles had been deployed and more similar vehicles will be used soon by it. According to a release, the Delhi International Airport Ltd (DIAL) has started the adoption of electric cars and plans to […] Read more
USA’s Triton Electric Vehicle Issues Rs 8060 Cr LoI to Bharat Electronics for Battery Packs Updated On Thu, Oct 20th, 2022 by Saurenergy Navratna Defence PSU Bharat Electronics Limited (BEL) has received a Letter of Intent (LoI) from USA-based and a subsidiary of Triton Electric Vehicle LLC electric vehicle company Triton Electric Vehicle India (TEV) for the purchase of 300 KW Li-Ion Battery Packs for its semi-truck project in India at an estimated cost of Rs. 8060 Crores. […] Read more
