Recycling technology firm Nth Cycle Raises Fresh Funding of $12.5 million Updated On Wed, Feb 16th, 2022 by Saurenergy Nth Cycle, the innovative metal processing and recycling technology company, has announced the closing of its $12.5 million Series A financing, co-led by the investment arm of Frankstahl, one of the largest privately held steel distribution companies in Europe, and VoLo Earth, a Colorado-based venture firm focused on climate solutions. Nth Cycle is disrupting the critical mineral supply chain necessary for electric […] Read more
IIT Kanpur Incubated Offgrid Energy labs gets funding from Shell, others Updated On Wed, Feb 16th, 2022 by Saurenergy Offgrid Energy Labs, a deep science, Intellectual Property led global innovator has unveiled its first innovation – rechargeable zinc-based battery (ZincGel®). Backed by investors including Shell Ventures, Ankur Capital, and APVC Singapore, Offgrid Energy Labs aims to disrupt the global energy storage market through new materials and design for stationary batteries. According to the firm, growing demand […] Read more
Maharashtra to go with EVs for Ajanta Ellora Cave visits Updated On Wed, Feb 16th, 2022 by Saurenergy The Maharashtra government has set plans to leverage electric vehicles (EVs) to transport tourists to the world heritage sites in the state. Maharashtra state tourism minister Aaditya Thackeray announced government plans to deploy EV for facilitating state tourism to the world-famous UNESCO world heritage sites Ajanta and Ellora caves. Until their closure due to covid, […] Read more
Okinawa’s New E2W Plant in Rajasthan Has 3 Lac Units Annual Capacity Updated On Tue, Feb 15th, 2022 by Saurenergy Indian electric two-wheeler manufacturer Okinawa Autotech has commenced operations at its second manufacturing unit located in Bhiwadi, Rajasthan, the company said in a recent statement. The company expects to be manufacturing close to 3 lakh electric vehicles (EVs) per year at the new plant, aiming to eventually increase the capacity to 1 million in the […] Read more
Lord’s Mark Industries, Kerala Automobiles to Jointly Produce EVs Updated On Mon, Feb 14th, 2022 by Saurenergy Mumbai-based Lord’s Mark Industries Pvt Ltd has entered into a joint venture (JV) with Kerala Automobiles Limited (KAL) for the manufacture of electric vehicles (EVs). The first production facility of the JV will be set up at Kannur in Kerala at an estimated investment of Rs 20-30 crore. Commercial production at the Kannur unit is […] Read more
20% of all E4W Used by Govt Entities, Karnataka Leads list: Gadkari Updated On Mon, Feb 14th, 2022 by Saurenergy One in every five electric four-wheelers registered in the country is being used by govt entities, according to road transport ministry data submitted in Parliament. On Friday, Union road transport minister Nitin Gadkari informed Lok Sabha that govt entities are using 5,384 electric vehicles as of February 4. Earlier, he had informed Rajya Sabha that […] Read more
IIT Madras Partners with French Firm to Develop RE Research Park Updated On Mon, Feb 14th, 2022 by Saurenergy French glass and building material major Saint-Gobain India and IIT Madras Research Park have entered into an MoU on Thursday to develop a 100% Renewable Energy (RE) – research park. Saint-Gobain India will support IIT Madras Research Park with a funding of Rs one crore over the next three years and the collaboration is to […] Read more
Chandigarh Admin Notifies Draft EV Policy, Offers Financial Benefits Updated On Fri, Feb 11th, 2022 by Saurenergy Chandigarh Administrator Banwarilal Purohit has approved the “Draft Electric Vehicle (EV) Policy 2022” for the union territory, aiming to turn the latter into a ‘Model EV City’ through a significant increase in EV penetration within five years. Following its recent notification, the draft EV policy will stay in the public domain for a period of […] Read more
KoBold Raises Over $190 M to Source Metals for EV Batteries Updated On Fri, Feb 11th, 2022 by Saurenergy Silicon Valley-based KoBold Metals has raised more than $190 million in its latest Series B funding round that is expected to give speed to the firm’s efforts to find new deposits of critical metals that are required for EV batteries and clean energy. KoBold Metals is a start-up backed by a coalition of billionaires including […] Read more
