Magenta Power Raises Rs.120 Cr From Indian American Philanthropist Kiran Patel
Magenta EV Solutions, a startup associated with developing changing devices for electric vehicles, announced raising ₹120 crore from Kiran C Patel, an Indian American cardiologist and philanthropist. In 2020, Magenta had raised a pre series funding from JITO Angel Network…
SK Innovation, Ford To Launch Electric Vehicle Battery Joint Venture In US
South Korean battery maker SK Innovation and American automaker Ford Motor are set to announce a battery joint venture in the United States to ensure a stable supply of batteries for electric vehicles, industry sources said on Thursday. The two…
Gogoro Strikes Deal With Yadea And DCJ To Build A Battery-Swapping Network In China
Less than a month after announcing a partnership with India’s largest two-wheeled vehicle maker, Gogoro is taking another big step in its global expansion plans. This time the market is China, where Gogoro’s technology, including its swappable smart batteries, will…
PLI Scheme To Help India Develop As Manufacturing Hub For EV Cells
India approved a production linked incentive (PLI) scheme with an outlay of ₹18,000 crore to promote manufacturing, export and storage of lithium-ion cells, essential for developing electric vehicles. Through this scheme the Union government aims to install manufacturing capacity of…
CESL Places Order For 300 Tata Electric Vehicles With 250 Km Plus Range
Convergence Energy Services Limited (CESL), a subsidiary of Energy Efficiency Services Limited (EESL) will procure 300 electric vehicles from Tata Motors. A Letter of Award in favour of M/s Tata Motors has been issued to acquire 300 electric vehicles that…
GM, LG Form Partnership To Deliver ‘Game Changer’ Battery Scrap Recycling
General Motors Co. and battery cell manufacturing partner LG Energy Solution are partnering with a Canadian company to recycle battery cell manufacturing scrap — a move that aims to achieve environmental goals and cut costs. Ultium Cells LLC, a joint…
LEVA-EU Warns Proposed EU Battery Rules Will Harm Manufacturers
The Light Electric Vehicle Association, LEVA-EU, has warned that the proposed new rules governing batteries for electric vehicles will do more harm than good for manufacturers. The warning followed the European Commission’s proposal to the European Parliament and Council for…
Ruchira Green Earth To Invest Rs 200 Crore Over 3-4 Years To Set Up Plant In Haryana
Lithium-ion batteries and allied products maker Ruchira Green Earth will invest Rs 200 crore over the next three or four years to set up a new manufacturing unit in Haryana to double its production capacity. The company, which has a…
Saietta And Padmini VNA Partner For Electric Motor Sales To Indian Market
The Saietta Group, a manufacturer of axial flux technology (AFT) electric motors, has announced a partnership agreement with Padmini VNA, an Indian Tier 1 automotive supplier. As part of the agreement, the duo is to develop new opportunities within the…
Arrival Partners With Uber To Design An EV For Ride-Share Drivers
EV startup Arrival has announced a new partnership with Uber to design and develop a purpose-built EV specifically for ride-share drivers. Arrival plans to invite Uber’s drivers to participate in the design process to ensure this new “Arrival Car” meets…
