HDFC Bank to Make Significant Investments in EV Loans Updated On Tue, Nov 22nd, 2022 by Saurenergy Despite certain setbacks on the level of the auto industry, HDFC Bank is seeking to triple its financing for electric vehicle (EV) purchases in the next three years. This is due to an early assessment that lending is proving to be profitable. The banking institution aims to triple the ebook dimension by 2025 after initially […] Read more
EV Startup Chargeup Raises $7 Million in Pre-Series A1 Round Updated On Thu, Nov 17th, 2022 by Saurenergy Chargeup, a battery-swapping firm based in Delhi and an Indian FinTech (Finance-Network-Technology Platform) platform, has secured $7 million in a Pre-Series A1 investment. Along with other notable investors like Ekta Kapoor, Sunil Kalra, and Sachin Mehra, it was co-led by Capital-A and Anicut Capital. By lending loans to Chargeup, Jiraaf, a platform for high-yield alternative […] Read more
Pilot Company, Volvo Partner to Set up Charging Network for Electric Trucks Updated On Wed, Nov 16th, 2022 by Saurenergy America is on a drive to decarbonise its transport sector. In a key development, Pilot Company or ‘Pilot Travel Centers’ and Volvo Group have signed a Letter of Intent to develop a high-performance charging network open to all battery-electric Class 8 truck brands to support fleet customers in their electrification and decarbonization journeys. The official […] Read more
Three EV Infra Players & Mahindra Collaborate on Charging Solutions Updated On Thu, Nov 10th, 2022 by Saurenergy Mahindra & Mahindra announced that it has partnered with Jio-bp, Statiq, and Charge+Zone (Three EV Infrastructure Players) to provide charging options for its next lineup of passenger electric vehicles. The Mumbai-based automaker said in a statement that thanks to these agreements, Mahindra EV users would have seamless access to a reliable fast-charging infrastructure and e-mobility […] Read more
The Top 5: Largest EV Charging Station Companies In India Updated On Mon, Nov 7th, 2022 by Saurenergy The Indian EV charging station market is highly fragmented as several private and public entities are setting up charging infrastructure in various locations across India. Different types of EV chargers are available in the Indian market comprising Type 1, Type 2, AC and DC, unidirectional and bidirectional charging catering to e4W (electric 4-wheeler), e3W (electric […] Read more
BPCL’s Major EV Charger Supply Project Goes to Servotech Updated On Fri, Nov 4th, 2022 by Saurenergy Servotech Power Systems Ltd., an NSE-listed leading manufacturer of EV Charging solutions, has been awarded a major project by Bharat Petroleum Corporation (BPCL) for the supply and installation of 800 units of DC fast EV chargers at different locations across India in the next four months. The project will span across the country, equipping petrol […] Read more
Yulu Signs MoU With Government of Karnataka to Invest 1200 Cr to Deploy 1 Lakh EVs Updated On Fri, Nov 4th, 2022 by Saurenergy The government of Karnataka and Bengaluru’s electric mobility startup Yulu have struck an agreement for the company to spend Rs. 1200 crore in the state. According to the agreement, over the next five years, Yulu will deploy a fleet of 1 lakh electric vehicles and operationalize the state’s largest EV battery charging and swapping infrastructure. […] Read more
Rising EV: The State Of EV Sector In India Updated On Wed, Oct 19th, 2022 by Saurenergy India is riding fast toward its goal of carbon neutrality by the year 2070. Naturally, the transportation sector, one of the biggest polluters, has to be brought under green cover if the nation wants to reduce the emissions intensity of its GDP by 45 per cent by 2030 – a medium-term goal. The electric vehicle […] Read more
UP Govt Announces Range of Incentives for EVs and Batteries Manufacturing Updated On Tue, Oct 18th, 2022 by Saurenergy Uttar Pradesh doesn’t just want to be a consumption state anymore, but a producer also, especially when it comes to industry. The state government, in an announcement on a range of incentives to encourage EV and battery manufacturers to consider the state for plants, has announced that the first two integrated EV and ultra-mega battery […] Read more
