Over 5.17 Lakh EVs Registered over Three Years in India Under FAME Updated On Wed, Aug 11th, 2021 by Saurenergy The Ministry of Heavy Industries of India declared that India registered a total of 5,17,322 electric vehicles (EVs) over three years under the FAME scheme. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme was launched in 2015 to promote the adoption of EVs in the country. At present, Phase-II […] Read more
US Firm Li-Cycle to Make its Debut on NYSE on August 11 Updated On Wed, Aug 11th, 2021 by Saurenergy US firm Li-Cycle Holdings Corp. has announced that its shares will begin trading on the New York Stock Exchange on August 11, 2021, as a result of the company’s completion of its business combination with Peridot Acquisition Corp, a blank check company. The ticker symbols for the common stock and warrants of Peridot will change from […] Read more
Global Distributed Generation (DG) Market to Reach $168.3 Billion by 2024 Updated On Mon, Aug 9th, 2021 by Saurenergy Market research company Global Industry Analysts Inc., (GIA) has released a report where it projects the size of the global distributed generation market, in a post covid scenario. Distributed generation refers to small-to-medium scale modular power generation plants that are embedded into the distribution network at a point closer to the site of consumption than […] Read more
Hyundai Partners with UL for Safe Deployment of Second Life BESS Updated On Fri, Aug 6th, 2021 by Saurenergy The South Korean multinational automotive manufacturer, Hyundai Motor Company has partnered with the global safety science leader, UL for the safe deployment and use of second-life battery energy storage systems (SLBESS). A Memorandum of Understanding (MoU), signed during a ceremony at UL’s offices in Seoul, South Korea on July 23, formalized the relationship between the […] Read more
Swiggy Pledges 8,00,000 Kms Daily on EVs by 2025 . Is It Ambitious Enough? Updated On Fri, Aug 6th, 2021 by Saurenergy India’s food delivery giant, SoftBank-backed Swiggy, has announced a slew of partnerships with various electric vehicle (EV) manufacturers in recent times to develop what it calls a sustainable, greener, and cost-effective solution for delivery fleets. Swiggy has started trials in Hyderabad, Delhi, and Bangalore of deploying EVs in its delivery fleets. These trials are the […] Read more
Quantumscape Races To Deliver Its Breakthrough Solid State Battery For EV’s Updated On Tue, Aug 3rd, 2021 by Saurenergy QuantumScape founder and CEO Jagdeep Singh continues to be optimistic about his firms progress, even as the firm’s stock price has been beaten down this year. the firm, which listed after merging with a SPAC (Special Purpose Acquisition Company). The firm’s biggest shareholder is Volkswagen AG with a 26% stake. Singh highlighted a key milestone […] Read more
Indian Government Allocated Rs. 756.66 Crore Under FAME Scheme till June 2021 Updated On Tue, Aug 3rd, 2021 by Saurenergy The government has allocated over Rs. 756.66 crores under the FAME scheme, out of which Rs. 53.27 crores have been utilized till June 2021. The Indian Government launched the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme on April 1, 2015, to promote electric vehicles (EV) in the country. Its second phase, […] Read more
Omega Seiki To Invest Rs. 100 Crore for EV Manufacturing Unit in UP Updated On Mon, Aug 2nd, 2021 by Saurenergy A member of the Anglian Omega Group, Omega Seiki Mobility (OSM), has signed a Memorandum of Understanding (MoU) with Youth Rural Entrepreneur Foundation (YREF) to set up an electric vehicle (EV) manufacturing facility in Ghazipur, Uttar Pradesh. The Indian OEM has also announced to invest Rs 100 crore for the EV manufacturing unit in the […] Read more
India’s EV Sector Attracts Rs. 25,000 Crore Investments Till July 2021 Updated On Mon, Aug 2nd, 2021 by Saurenergy Indian EV sector recorded Investments of approx. Rs. 25,000 crore during the first seven months of this year. The second wave of Covid-19 was highly destructive to almost every sector of the country. However, the electric vehicle (EV) and e-mobility sector says a different story, as it has witnessed numerous financial deals and investments. India’s e-mobility […] Read more
