Govt Aiming for 100% Green and Clean Public Transport
In a symposium, union minister Nitin Gadkari said that the government is committed to shifting public transport and logistics to 100 % green and clean sources of energy. Green hydrogen will help the country to reduce carbon emissions, he added. The Minister said, 70% of Green hydrogen production costs come from electricity costs. Hence, surplus electricity from renewable energy sources can completely change the economics of production of green hydrogen production. He said Green Hydrogen is termed as the fuel of the future and it is the only fuel that can help us achieve the mission of “Zero Carbon Emissions”. Gadkari said, recently launched Production Linked Incentive scheme aims to boost ‘Advanced automotive technology products’ in the Indian auto sector which helps to lower fossil fuel emissions. The government expects the scheme would lead to a fresh investment of more than Rs. 42,500 crore and creation of additional 7.5 lakh jobs in the sector.
DTC To Induct 1015 Electric Buses
Recently, the DTC Board has approved the induction of 1,245 low-floor buses in its public transportation fleet. This number includes 1,015 electric buses. Last week, at a meeting chaired by Transport Minister Kailash Gahlot, the Board of the Delhi Transport Corporation (DTC) had decided to send a proposal for induction of buses to the Delhi government for its approval. It was decided to induct 1,015 electric buses and 230 CNG buses under the operating expenditure (OPEX) model of FAME II. A senior officer of the Transport department said, “We will soon place a detailed plan and proposal for induction of these buses before the Delhi Cabinet.” Currently, the DTC is engaging 300 electric buses that are expected to roll out from November. The entire fleet is expected to be inducted by February next year, as per the officials.
Maharashtra Launches Transformative Urban Mobility Initiative To Step Up Electric Mobility
The Maharashtra government had announced its EV Policy recently. The state has set a target of electrifying 25 percent of public transport in the state. To step up its efforts to electrify the vehicle fleet, the Maharashtra government has now launched a new initiative – TUMI (Transformative Urban Mobility Initiative) to have a fleet of electric buses across the state. This initiative will be led operationally by World Resources Institute (WRI) and Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ). With this new project which was initiated by the state’s environment ministry led by Aaditya Thackeray, multiple public-private organizations will be formed to facilitate the transition to electric buses in 20 key cities initially. The plan is to cover 100 cities across the state by December 2022.
BP Leads $25m Series A Round In EV Ride-Hailing And BluSmart
bp ventures have made its first direct investment in India, investing $13 million in integrated EV ride-hailing and charging company BluSmart. It led a $25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns, and Survam Partners, alongside other existing investors. BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years. The investment will help bp move towards becoming a leader in India’s mobility market and to provide integrated energy and mobility solutions to help customers reduce their emissions across the world.
TVS Motor Partners with Tata Power for Two-wheeler Charging Eco-system in India
TVS Motor Company, one of the leading manufacturers of two-wheelers and three-wheelers globally, entered into a strategic partnership with Tata Power, one of India’s largest integrated power companies. As part of the MoU, the two companies agreed to drive the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and deploy solar power technologies at TVS Motor locations. The partnership aims to create a large dedicated electric two-wheeler charging infrastructure to accelerate electric mobility in India. This will also give the customers of the TVS iQube Electric access to the widespread charging network by Tata Power through the TVS Motor customer connect app and Tata Power EZ Charge app across India.
PowerBank Installs 18 EV Charging Stations In Ladakh, HP
PowerBank, which is the flagship brand of Shuchi Anant Virya recently announced that it has installed EV charging points along the Manali-Leh route in the Ladakh region. This region includes five of the highest motorable passes in the world. Shuchi Anant Virya is a joint venture company between mobility solutions provider Lithium Urban Technologies and Fourth Partner Energy, a solar energy company for commercial and industrial businesses. The company has set up 18 EV charging stations along 1800 km in 10 days. Out of these 15 were set up at locations with a height of 10,000 feet – 14, 000 feet above mean sea level. The chargers installed were a mix of Type-I and Type- II AC chargers catering to electric two, three, and four-wheelers.
Omega Seiki Partners With Exicom Telesystems For Li-ion Batteries For Electric Vehicles
Omega Seiki Mobility announced that it has entered into a partnership with Exicom Tele-systems for lithium-ion batteries for its electric cargo vehicles. With this, the company would receive Exicom’s recently launched 10.8 kW fixed batteries. These batteries give a range of 120 kms on a full charge and added features of real-time battery analytics, long cycle life, high environmental protection, and a very rugged design. In a statement, Omega Seiki Mobility founder and Chairman Uday Narang said – “The company believes that the way to develop faster EV vehicle technology is through creating alliances. This partnership is giving new hopes for the future of the EV ecosystem in India.” He also added that Exicom Tele-system’s Li-ion batteries are for all types of vehicles with technology that is global, cost which is affordable, and quality that is world-class. Anant Nahata, Exicom Group Managing Director said that the tie-up would benefit customers by offering reliability and consistency of performance that they are looking for.
Advanced Battery Technology Start-up Log 9 Materials Raises $2 Million from PETRONAS Ventures, Closes its Series A+ Round
Bengaluru-headquartered advanced battery-tech and deep-tech start-up Log 9 Materials has concluded its Series A+ capital raise round of $10 Million by announcing $2 Million investment from PETRONAS Ventures – the venture capital arm of PETRONAS, a global energy and solutions company ranked amongst the largest corporations on Fortune Global 500®️. This Series A+ funding round of Log 9 has been led by India’s battery major Amara Raja Batteries Ltd.; it also involved the participation of Exfinity Ventures and Sequoia Capital India’s Surge Programme, alongside a clutch of strategic angel investors. The funds raised from PETRONAS Ventures as a part of the Series A+ round along with the funds previously raised in this round will be used by Log 9 to launch and scale their Log 9 InstaCharge Network of electric vehicles –wherein Log 9 has integrated its fast-charging batteries named RapidX Batteries with various 2 Wheeler and 3 Wheeler OEMs in order to create RapidEV variants of their existing vehicles. The start-up plans to deploy around 5000 vehicles in the next 6 months within its InstaCharge Network. Further, the funds from the Series A+ round will be utilized to develop and scale the technology and manufacturing capabilities of Log 9 from materials to cell to battery pack level.