Battery Smart FY22 Revenues at Rs 7.95 Crore, Stations Cross 500 Mark Updated On Tue, Mar 21st, 2023 by Saurenergy Backed by some strong investor backing, three year old EV battery swapping solution provider Battery Smart finally hit its straps in the last financial year. Battery Smart’s revenue from operations jumped to Rs 7.95 crore during the fiscal year ending March 2022 from Rs 18 lakh in FY21, as per the consolidated annual financial statement […] Read more
Joy E-Bike’s Scale Neared Rs 200 Cr in FY22, Profits Grew 4.5X Updated On Fri, Mar 10th, 2023 by Saurenergy Wardwizard Innovations & Mobility Limited is one of the leading auto manufacturing companies in the electric vehicle segment under the brand name Joy e-bike. On the back of its rising demand for electric two wheelers, the firm saw its scale grow over four times during the fiscal year ending in March 2022. The mobility company […] Read more
EV Maker Ampere Sells 79,000 scooters in Fy22, Revenue Crosses Rs 500 Cr Updated On Wed, Feb 22nd, 2023 by Saurenergy Two wheeler EV maker Ampere has emerged as the second largest player in the segment in terms of vehicles sold during FY22. The company managed around three-fold growth in its gross scale with improved economics in the same period. Ampere offers Primus, Magnus EX, and Zeal EX e-scooters and it made a 98.8% collection from […] Read more
Ola Electric to Make EVs, Batteries in Tamil Nadu with Investment of Rs 7,614 Crore Updated On Mon, Feb 20th, 2023 by Saurenergy The Tamil Nadu government has issued a statement that electric vehicle manufacturer Ola Electric will be investing Rs 7,614 crore ($920 million) in Tamil Nadu for the production of electric cars and batteries for electric vehicles (EVs). The investment of $920 million from the firm will come through its subsidiaries Ola Electric Technologies and Ola […] Read more
EV Firm Bounce Continues To Search For A Pathway To Success Updated On Fri, Feb 10th, 2023 by Saurenergy Two wheeler EV maker Bounce, which started off in 2019 as a bike rental startup has had a tough run so far. With its bike rental and shared mobility plans repeatedly torpedoed by issues ranging from regulatory to market fit, in Fy 2021, the firm decided to shift to EV manufacturing, adding on Battery Management […] Read more
EV Scooter Maker Simple Energy Raises $20 Mn in Bridge Round Updated On Wed, Feb 8th, 2023 by Saurenergy Electric vehicle and clean energy startup Simple Energy has raised over $20 million in the ongoing bridge round. The fresh fund has come after a gap of 15 months for the Bengaluru-based startup. The bridge round witnessed the participation of investors from Arokiaswamy Velumani, founder of Thyrocare, Ashwin Hinduja of Gokaldas Group, Sanjay & Sandeep […] Read more
EV Industry Pins Hopes on GST Cuts, Charging Infra, FAME, PLI for Budget 2023 Updated On Mon, Jan 30th, 2023 by Saurenergy Though at its nascent stage, the EV sector has witnessed colossal growth. 2022, in particular, was a sterling year for it as the sales registers kept ringing as consumers finally began investing their faith in electric vehicles. The sales figures in FY 22 more than tripled when pitted against FY 2021. Major announcements at policy […] Read more
Hero Electric To Source Battery Management Systems From Maxwell Energy Updated On Tue, Jan 24th, 2023 by Saurenergy Hero Electric has announced that it has entered into a long-term partnership with the EV solution provider Maxwell Energy for the procurement of advanced battery management systems (BMS). Under the new partnership, Mumbai-based Maxwell Energy will supply for the coming three years its advanced battery management systems to Hero Electric. As per the announcement, Hero […] Read more
HOP Electric Launches E-Scooter LEO Priced Below Rs 1 Lac Updated On Wed, Jan 18th, 2023 by Saurenergy Leading electric two-wheeler manufacturer, HOP Electric, has launched the a high-speed variant of its best-selling electric scooter, HOP LEO. HOP Electric says that the launch of the new e-scooter further reinforces HOP Electric’s aim to offer cost effective mobility to customers as it is priced below 1 lac. Consumers can purchase this electric two-wheeler at […] Read more
