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India’s automobile industry has witnessed transformative moments, but none as impactful as the Maruti Suzuki revolution of the 1980s. The Maruti 800 democratized car ownership, making vehicles accessible to the formidable ‘middle class’ and revolutionizing the Indian car market. Today, as the country stands on the cusp of an EV revolution thanks to the Indian […]
Singularity AMC, a growth equity firm backed by investor Madhusudan Kela and led by Yash Kela, along with its partners, has signed definitive agreements to invest up to INR 500 crore in Bhilwara Energy Limited (BEL). The investment will support BEL in creating an integrated energy transition platform, HEG Greentech1, focused on power assets, battery-grade […]
Lectrix EV, the e-mobility arm of SAR Group, has announced a partnership with Bike Bazaar, a company involved in financing and renting electric two-wheelers, to drive large-scale EV adoption in the last-mile logistics segment. As part of this collaboration, Bike Bazaar will expand its fleet with 1000 new Lectrix electric two-wheelers, including high-range vehicles with […]
Chinese solar inverter firm Hoymiles, a global leader in Solar Microinverter and Energy Storage Solutions, made a strong impression at the Renewable Energy & Electric Vehicles (REV) Expo in Chandigarh from March 7th to 9th. Partnering with its Authorized Distributor, Sun Solista, it had showcased its latest innovations in microinverters and smart solar technology to […]
A new Lithium Manganese Iron Phosphate (LMFP) cathode active material developed by Integrals Power could increase the real-world range of electric vehicles (EVs) by extending the useable capacity of the battery under high discharge conditions, the firm has claimed. It said that the conventional Lithium Iron Phosphate (LFP) chemistries experience a reduction in useable capacity […]
2024 marked a year of continued growth and adaptation in the global battery industry. Global electric vehicle (EV) sales climbed 25% to 17.7 million units, with Battery Electric Vehicle (BEV) demand up 14%, while Plug-in hybrid electric vehicles (PHEV) demand surged 50%. For the first time, battery electric vehicles (BEVs) in China have reached price […]
Electric vehicle manufacturer Kinetic Green faced significant financial strain in FY24, with losses increasing 11X due to rising expenses in advertising and employee benefits. Meanwhile, the Greater Pacific Capital-backed company’s revenue declined by 3% year-on-year. Kinetic Green’s revenue from operations decreased to Rs 291 crore in FY24 from Rs 301 crore in FY23, its consolidated […]
Solar Energy Corporation of India Limited (SECI), a Navratna CPSU under the Ministry of New & Renewable Energy, signed a Memorandum of Understanding (MoU) with the Madhya Pradesh government for a 200 MW solar project in Dhar. This project is part of the CPSU Scheme and a 1,000 MWh Battery Energy Storage System (BESS) project […]
Soon after releasing its draft electric vehicle (EV) policy, the Madhya Pradesh (MP) cabinet has now approved the “Electric Vehicle Policy-2025.” This cabinet approved this policy under the chairmanship of Chief Minister (CM) Yadav. The Cabinet approved the policy to make electric vehicles the primary mode of transportation for the general public in the future. […]
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