Government Measures Remain key to Boost EV Sales in India: Ind-Ra Updated On Tue, Oct 27th, 2020 by Saurenergy Ind-Ra in its latest market analysis covers the factors influencing electric vehicle (EV) sales in India during the pandemic and beyond. India Ratings and Research (Ind-Ra) in its latest market analysis has predicted (that driven by the economic slowdown induced by the Coronavirus pandemic) a delay in the penetration of electric vehicles (EVs) in the […] Read more
EV Startup Simple Energy in Talks to Raise Over Rs 7.5 Crore Updated On Mon, Jul 27th, 2020 by Saurenergy Bengaluru-based EV startup Simple Energy is in talks with angel investors to raise up to USD 1 million (about Rs 7.5 crore), founder Suhas Rajkumar has said Bengaluru-based electric vehicle (EV) startup Simple Energy is in talks with angel investors to raise up to USD 1 million (about Rs 7.5 crore), its founder Suhas Rajkumar […] Read more
Ather Energy Raises $51 Million in Latest Round of Funding Updated On Thu, May 30th, 2019 by Saurenergy Bengaluru-based e-mobility startup, Ather Energy recently announced that it has raised an investment of $51 Mn in its latest round of funding, led by Sachin Bansal’s investment of $32 Mn. Ather Energy was one of the earliest start-up funding of Sachin Bansal when he invested $0.5 Mn in the firm as an Angel investor in […] Read more
Andhra Pradesh Seeks Rs 30,000 Crore Investment in Electric Vehicles Industry Updated On Fri, Dec 29th, 2017 by Saurenergy The state expects to put in place an electric vehicles policy by next month, ahead of a proposed framework by the central government. Andhra Pradesh is seeking to attract Rs 30,000 crore of investments in the electric vehicles industry through a raft of incentives that would include capital subsidies to automakers and charging-equipment manufacturers, helping […] Read more
Greaves Finance, Muthoot Capital Sign Co-Lending Deal To Finance EVs Updated On Wed, Mar 13th, 2024 by Saurenergy Greaves Finance Limited an ev-focused lending platform partnered with Muthoot Capital Services Limited (MCSL) a non-banking financial company (NBFCs) to enter a co-lending arrangement. This arrangement has been made to increase the availability of electric two-wheeler financing solutions across India. Greaves Finance Limited is a non-banking financial company (NBFC) and a wholly owned subsidiary of […] Read more
EV Start-Ups River And OTO Raise $40 Million & $10 Million Respectively Updated On Wed, Feb 7th, 2024 by Saurenergy As the electric vehicle industry in India is finding ways to steady rise, the start-ups in the EV ecosystem are strengthening the supply chain and expanding by garnering fresh funds. In fresh developments, EV maker River and EV finance firm OTO have raised $40 million and $10 million to further their businesses River Secures $40 […] Read more
Gogoro & HPCL Ink Agreement for Battery Swapping Stations Updated On Mon, Nov 6th, 2023 by Saurenergy Gogoro, a battery swapping firm, has revealed that it has joined hands with HPCL in an initial agreement. The partnership will pave the way for the set up of battery swapping stations all over India in the near future. HPCL is a government-owned oil marketing firm. Under the agreement, Gogoro will establish an expansive network […] Read more
RecycleKaro Partners with Bajaj Auto for EV Battery Recycling Solutions Updated On Tue, Oct 10th, 2023 by Saurenergy RecycleKaro, a player in sustainable, lithium-ion battery recycling, has announced a strategic partnership with Bajaj Auto, a key player in the automotive manufacturer space, for the recycling of lithium ion batteries. Under this partnership, Recyclekaro will employ its cutting-edge Hydrometallurgy technology to recycle end-of-life batteries from Bajaj Auto vehicles. Hydrometallurgy technology The innovative Hydrometallurgy technology […] Read more
RecycleKaro Invests Rs 100 Cr to Set Up Nickel Facility in Maharashtra Updated On Mon, Aug 28th, 2023 by Saurenergy RecycleKaro, a player in sustainable, lithium-ion battery recycling, has announced its plans to establish Nickel metal plant with a substantial investment of Rs 100 crores in Maharashtra. RecycleKaro maintains that it is committed to completing the value chain of a circular economy and meeting the surging demand for lithium-ion batteries in India’s electric vehicle market. […] Read more
