Zypp Electric Raises $15Mn Investment From ENEOS Updated On Mon, May 27th, 2024 by Saurenergy Zypp Electric, an Indian-based tech-enabled EV-as-a-service platform, has kicked-off its Series C funding round, raising $15 million. This round was led by Japanese major ENEOS, comprised of Series C1 funding of $15 million in equity closure as part of its ongoing $50m round, which splits into $40m equity and $10m in debt. The equity funding […] Read more
Mahindra Electric Approves Rs 12,000 Cr Investment In EVs Updated On Fri, May 17th, 2024 by Saurenergy Mahindra Electric Automobile Limited recently approved an investment of Rs. 12,000 Cr. in Mahindra Electric Automobile Limited (MEAL) in one or more tranches, over three years up to 31st March 2027. MEAL is expected to fund in company over the next 3 years. Moreover, Mahindra and Mahindra (M&M) and its auto division are expected to generate sufficient operating cash to satisfy all their capital investment needs. Previously, […] Read more
Kia Unveils Revamped EV6 Electric Vehicle With Bigger Battery Updated On Tue, May 14th, 2024 by Saurenergy South Korean automaker, Kia recently launched a redesigned and upgraded version of its EV6 electric vehicle. The design was initially introduced in 2021. Its redesigned SUV look comes with a fourth-generation 84 kWh battery and an infotainment system. This system is built on Hyundai Motor Group’s software using defined vehicle (SDV) technology. Kia said the […] Read more
Relux Electric Secures 250 Cr For EV Charging Expansion in South India Updated On Mon, May 13th, 2024 by Saurenergy Relux Electric, the EV charging infrastructure provider, has secured Rs. 250 crores of cumulative project funding from a group of private real estate and infrastructure investors exclusively to expand its network of hypercharging stations on the highways of South India. The company will utilize the fund to create 20 new hypercharging stations within the next […] Read more
Piaggio Starts ‘Battery Subscription Model’ For Electric Three Wheelers Updated On Thu, May 2nd, 2024 by Saurenergy Piaggio Vehicles Pvt Ltd (PVPL), a subsidiary of the Piaggio Group and a leading Indian manufacturer of small commercial vehicles and electric three-wheeler (3EV) today announced its “Battery Subscription Model” for its Apé Elektrik electric 3Ws. This program aims to revolutionize electric three-wheeler ownership by separating the upfront cost of the vehicle from the battery. […] Read more
CATL To Power Beijing Hyundai Electric Models With CTP Technology Updated On Mon, Apr 29th, 2024 by Saurenergy Chinese battery manufacturing giant–Contemporary Amperex Technology Co. Limited (CATL) is all set to power Beijing Hyundai’s Electric Vehicle Projects with its advanced Cell-To-Pack (CTP) technology. The two companies recently also signed an agreement in this regard at the Auto China 2024. Per the agreement, CATL will cooperate for Beijing Hyundai’s EV projects. It will also […] Read more
Schneider Electric Launches BESS For Microgrids Updated On Fri, Apr 26th, 2024 by Saurenergy Schneider Electric US, which describes itself as into digital transformation of energy management and automation, has announced a Battery Energy Storage System (BESS) designed and engineered to be a part of a flexible, scalable, and highly efficient architecture. BESS is the cornerstone for a fully integrated microgrid solution that is driven by Schneider Electric’s controls, […] Read more
Zypp Electric Registers 3 Times Revenue Growth In FY24; Deploys 20k E-Scooters In 2023 Updated On Wed, Apr 3rd, 2024 by Saurenergy Electric Vehicle firm, Zypp Electric has announced that it had a three-times surge in revenue in FY24. The company has deployed an additional fleet of electric scooters across India, Zypp Electric has expanded its presence in six major metropolitan cities of Delhi NCR, Bangalore and Mumbai. According to Zypp Electric, this exponential growth underscores Zypp […] Read more
Nissan Plans To Launch 16 New Electric Model In Next Three Years Updated On Tue, Mar 26th, 2024 by Saurenergy Nissan Motor recently launched The Arc, its new business plan to drive value and strengthen competitiveness. The plan focused on a broad-based product, increased electrification, and new approaches to engineering and manufacturing. It focused on new technologies adoption, and the use of strategic partnerships to increase global unit sales and improve profitability. Under the two-part […] Read more
