Octopus Energy Group Raises Fresh Funds Totaling $550 million Updated On Wed, Jul 27th, 2022 by Saurenergy In a fresh announcement, British renewable energy player Octopus Energy Group said that it has closed the recent funding round and has secured $325 million from its shareholders. It said that the loan is raised on the terms agreed during the fundraising round in December 2021. The official statement revealed that the RE player’s investors […] Read more
Moto Business Service Forays Into EV With FullFily Updated On Wed, Jul 27th, 2022 by Saurenergy Moto Business Service India (MBSI), a leasing firm of Yamaha Motors, has announced its decision to enter into a partnership with Chennai-based FullFily, marking its foray into electric two and three-wheelers asset management services. The terms and conditions of the proposed partnership devolves upon Moto Business Service India (MBSI) the responsibility to manage electric two […] Read more
The Global Battle for Solid-State Battery Leadership Updated On Fri, Jul 22nd, 2022 by Saurenergy With the advent of electric vehicles (EVs), lithium-ion batteries demand grew exponentially and is still growing. In fact, the global lithium-ion battery market size may grow from USD 57 billion in 2020 to USD 200 billion by 2027 at an average CAGR of 20 per cent during the same period. The growth of the market […] Read more
Samsung SDI Pumps In $1.3 Billion For Cylindrical Battery Facility In Malaysia Updated On Fri, Jul 22nd, 2022 by Saurenergy Global conglomerate Samsung SDI has announced that it will invest $1.3 billion in setting up of cylindrical battery lines in Malaysia by the end of this decade to realize its ambition to become a global top tier company. A novel ceremony was held for the construction of a second battery production unit in Seremban, Malaysia. […] Read more
TVS Motor Lines Up Fresh Investments Of Rs 1,000 Crore In EV Push Updated On Fri, Jul 22nd, 2022 by Saurenergy India took one step closer to green energy transition with TVS Motor committing Rs 1,000 crore to electric vehicles, a sizeable part of which will go into capacity expansion and building the EV product portfolio. The automobile major has decided to invest Rs 1,000 crore investment for the second consecutive year, gearing up to double […] Read more
CESL Mulls $10 Billion Tender For 50,000 EV Buses To Decarbonise Public Transport Updated On Thu, Jul 21st, 2022 by Saurenergy State-controlled Convergence Energy Services Ltd. (CESL) is looking at floating a $10-billion tender to buy close to 50,000 electric buses to help make public transport carbon emission-free. CESL Managing Director Mahua Acharya has been quoted by a news report as saying, “Such tenders are beginning to look like infrastructure projects and local production of electric […] Read more
More Than 13 Lakh EVs Registered In India: Gadkari Updated On Thu, Jul 21st, 2022 by Saurenergy More than 13 lakh electric vehicles (EVs) are registered in India excluding Andhra Pradesh, Madhya Pradesh, Telangana and Lakshadweep, the Minister of Road Transport and Highways of India, Nitin Gadkari, said in a recent written reply to the Rajya Sabha. The minister revealed that 2,877 public EV charging stations have been sanctioned in 68 cities […] Read more
Ather Energy Rolls Out Ather 450X Scooter Updated On Wed, Jul 20th, 2022 by Saurenergy Electric vehicle major Ather Energy recently rolled out the new avatar of its flagship scooter Ather 450x with a bigger battery, new tyres, software changes at Rs 155,657 ex-showroom in Bengaluru. The flagship model has contributed to about 80% of sales of the company promising even more with bigger battery which will run to real-life […] Read more
Battery Player Brill Power Raises $10.5 Million Series Funding Updated On Wed, Jul 20th, 2022 by Saurenergy UK-stated battery management and control technology developer, Brill Power has announced the conclusion of its Series A round raising $10.5 million today (July 20th, 2022). This $10.5 million investment will be used by Brill Power to further its goal of developing batteries that are smarter, cleaner, safer, and longer-lasting as a crucial component of the […] Read more
