EV Ride-hailing Snap-E Cabs raises USD 2.5 million in Pre-Series A Round Updated On Mon, Feb 5th, 2024 by Saurenergy Kolkata based Snap-E Cabs, an EV Ride-hailing platform has raised USD 2.5 million in a Pre-Series A Round led by Inflection Point Ventures. Snap-E Cabs plans to allocate funds for talent acquisition to support growth, invest in tech upgrades and the introduction of new tech-enabled services, and expand operations into additional geographies. Snap-E provides an […] Read more
China To Hold 80% Wind Deployment In Asia-Pacific In Five Years: Report Updated On Fri, Feb 2nd, 2024 by Saurenergy A recent report by Wood Mackenzie on the renewable energy growth in Asia Pacific market stated, “Despite short-term hurdles such as cost inflation, construction delays and higher interest rates, the economics of offshore wind are improving strongly in the late 2020s. It’s supporting a strong future for the technology in Asia Pacific markets.” The Wood […] Read more
Five Trends Which Can Shape Lithium-Ion Market In 2024 Updated On Fri, Feb 2nd, 2024 by Saurenergy The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts to changing dynamics, according to Wood Mackenzie’s ‘Lithium: Five things to watch in 2024’ report. It stated, “While lithium remains a crucial raw material for batteries, its growth rate is decelerating due to a maturing market, subdued electric […] Read more
European EV Sales Increased To 16.3% From 12.9% YoY: EIA Updated On Thu, Feb 1st, 2024 by Saurenergy A recent report by the US energy agency EIA found an increase in the sale of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the United States. It rose to 16.3% of total new light-duty vehicle (LDV) sales in 2023, according to data from Wards Intelligence. In 2022, hybrid, plug-in hybrid, […] Read more
BUDGET: FM Announces Support For RTS, Offshore Wind and EV Manufacturing Updated On Thu, Feb 1st, 2024 by Saurenergy Union Finance Minister Nirmala Sitharaman announced the Union Budget 2024 today. Speaking in Lok Sabha, the finance minister discussed the recently announced Pradhan Mantri (PM) Suryodaya Scheme. On January 22, PM Narendra Modi announced the connection of one crore households with rooftop solar. In her budget speech, the finance minister talked about the savings of […] Read more
BUDGET: EV Sector Pins Hopes On FAME-3, Tax Revisions Updated On Thu, Feb 1st, 2024 by Saurenergy With the expected culmination of the FAME-II scheme, Electric Vehicle (EV) manufacturers, battery makers and charging infrastructure developers have pinned hopes on the Union Budget 2024. The most awaited decision is on the likely announcement of the rollout of FAME-III with revised norms. The grapevine had it that the budget could turn the focus on […] Read more
EIF Commits €150 Mn To White Summit Capital Infrastructure Fund II Updated On Wed, Jan 31st, 2024 by Saurenergy The European Investment Fund (EIF) recently signed a €150 million commitment to the White Summit Capital Decarbonisation Infrastructure Fund II (WDIF II). European Investment Fund (EIF), a part of the European Investment Bank Group recently signed an agreement with ‘White Summit Capital’ which forms a specialised energy transition infrastructure investment manager. The project has the […] Read more
REC Ltd, NIIFL collaborate on funding solutions for renewable energy, other infra projects Updated On Mon, Jan 29th, 2024 by Saurenergy REC Limited has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for “Renewable Energy Projects” as well as large-scale infrastructure projects in India. REC Ltd is a Maharatna CPSE and also a leading NBFC that comes under the ambit of […] Read more
Revolutionizing EV Charging: Is India Ready to Accelerate Into The Future With V2G? Updated On Thu, Jan 25th, 2024 by Saurenergy Vehicle-to-grid (V2G) technology marks a transformative phase in the intersection of Electric Vehicles (EVs) and power grids. This cutting-edge system allows electric vehicles to draw energy from the grid for charging and feed stored energy in vehicle batteries back into the grid when needed. V2G, often associated with bidirectional charging, establishes a dynamic relationship where […] Read more
