Mahindra Cancels Share Purchase Pact Worth Rs 105 Cr with CLP India Updated On Mon, Sep 14th, 2020 by Saurenergy Mahindra & Mahindra has terminated a share purchase agreement with CLP India to sell the entire stake held by Mahindra Renewables in Neo Solren. Mahindra & Mahindra (M&M) has announced that it has terminated a share purchase agreement with CLP India to sell the entire stake held by its step down arm Mahindra Renewables in Neo Solren (NSPL) for […] Read more
Fuel Pumps and EV Battery Charging. Not A Good Idea Updated On Mon, Sep 14th, 2020 by Saurenergy By Shailesh Vickram Singh, Co-Founder, CEO at MassiveMobility Are the 69,000 odd fuel pumps the answer to India’s EV charging challenge? It is no secret that a big challenge for increasing the penetration of Electric Vehicles (EVs) is lack of charging stations and the high cost of batteries, in that order. While battery costs have […] Read more
Delhi Govt Likely to Roll Out Subsidy Scheme Under EV Policy Soon Updated On Fri, Sep 11th, 2020 by Saurenergy The Delhi government is likely to roll out from next week the subsidy scheme under its newly-launched electric vehicle (EV) policy, officials said. The EV policy of the Delhi government was notified last month. Launching the policy, chief minister Arvind Kejriwal had said it aimed at registration of around five lakh electric vehicles in the city in the next […] Read more
Uber to be Fully Zero-Emission by 2040, 100% EVs by 2030 Updated On Thu, Sep 10th, 2020 by Saurenergy Uber has committed to becoming a fully zero-emission platform by 2040, and for 100% of rides take place in EVs in US, Canadian, and European cities by 2030 Taking a cue from possibly the only positive outcome of the global lockdown due to Covid i.e. the one on the climate, with emissions in some months […] Read more
India can Reduce Carbon Emissions by 35% in Next 10 Years: Javadekar Updated On Thu, Sep 10th, 2020 by Saurenergy Environment Minister Prakash Javadekar has said he is hopeful that India would achieve its goal of reducing carbon emissions by 35% in the next ten years. Union Minister of Environment, Climate Change, and Heavy Industries Prakash Javadekar has said that he is hopeful that India would be able to achieve its goal of reducing its […] Read more
EVs Deployed by EESL Have so far Mitigated 5604 Tonnes of CO2 Emissions Updated On Thu, Sep 10th, 2020 by Saurenergy EESL has already deployed 1514 EVs on road to date, which have aided in the reduction of 5604 tonnes of CO2 emissions so far. Energy Efficiency Services Ltd (EESL), a joint venture of PSUs under the Ministry of Power, is combating the air pollution in the nation by driving India’s e-mobility transition. In continuation of […] Read more
COVID-19 Will Permanently Reduce Global Energy Demand: DNV GL Updated On Wed, Sep 9th, 2020 by Saurenergy According to a new report, the behavioral and economic ramifications of COVID-19 will permanently reduce global energy demand. According to the recently published Energy Transition Outlook by DNV GL, the behavioral and economic ramifications of COVID-19 will permanently reduce global energy demand. The report finds that compared to the pre-pandemic forecast, energy demand will be […] Read more
EV Ride Hailing Platform BluSmart Raises $7 mn in Funding Updated On Tue, Sep 8th, 2020 by Saurenergy Electric ride-hailing platform BluSmart has announced that it has raised USD 7 million (Rs ~51 crore) in funding from multiple investors. Electric ride-hailing platform BluSmart has announced that it has raised USD 7 million (Rs ~51 crore) in funding from multiple investors. The funding round included investors like Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd, JITO Angels, […] Read more
Total and PSA Form JV ‘ACC’ to Manufacture EV Batteries in Europe Updated On Tue, Sep 8th, 2020 by Saurenergy PSA and Tota have formed a JV ‘ACC’ for the development and manufacture of high-performance batteries for the automotive industry from 2023. Groupe PSA/Opel and Total/Saft have signed an agreement for the creation of the joint venture ACC. With this partnership, the parties are setting up a world-class player in the development and manufacture of high-performance […] Read more
