Week In India: EV Fast Charging Station Installed In Belagavi, Karnataka; And More

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EV Fast Charging Station Installed In Belagavi, Karnataka

On the occasion of the Dussehra festival, an EV charging station has been installed on the premises of Fairfield at Marriott Hotel. The hotel is located in Kakati village on Bangalore-Pune NH4 highway. This fast-charging station has been set up by Tata Power in order to drive the adoption of electric vehicles in the city. This charging station is powered by solar. This EV charging station is one of the 600 charging stations set up across the country by Tata Power. It is the first such setup in Belagavi. Tata Power has set up this station in association with Gogte Urja, a division of Gogte Infrastructure Development Corporation Ltd. The station was inaugurated by KLES chairman Prabhakar Kore. The station has charging facilities for both two and four-wheelers. 

BEST Electric Buses To Get Solar Charged

The electric buses from BEST will get charged with solar power now. The officials have informed that the buses will now be on 100% green energy for its fleet of 386 buses. The BEST officials informed that usually, BEST procures electricity from Tata Power, which comes from its coal-based thermal plants. However now, BEST is procuring solar power from the grid. BEST general manager Lokesh Chandra said – “We have decided to use only solar and in future, solar-wind or hydro-based energy to power our e-buses.”.  He also informed that adequate solar energy will be procured by June 2023 to cater to over 2,100 electric buses, and by 2027, the undertaking plans 100% electrification of its fleet. As the state is focussing on renewables heavily, solar power can be purchased at much cheaper rates as compared to thermal power.

Fleely Energy to Set Up 1000 EV Charging Stations on Mumbai-Chandigarh Highway and in Cities

Fleely, India’s leading Owned EV Charging public fast-charging network, announced a massive expansion of public chargers for Fleely customers across India as a result of executing interoperability with Other EV Stations network. These agreements will provide Fleely customers with access to more than 1000 fast-charging stations network in India. As a leader in innovation, Fleely continues to strengthen its commitment to open standards. The company is already deploying equipment compliant with Open Charge Point Protocol (OCPP), which enables remote activation and troubleshooting on all DC fast chargers on the Fleely public network. The new bilateral agreements are all based on the Open Charge Point Interface (OCPI) protocol, which enables network-to-network integration in a secure and open manner facilitating EV charging and financial settlement across networks without the need for drivers to use multiple credentials, said the company release.

Private Firm Offers to Set Up EV Charging Station

Private Firm from Nashik, Maharashtra approached Nashik Municipal Smart City Development Corporation Ltd (NMSCDCL) and offered setting up of the electric charging stations free of cost if they get spaces by the civic body in the city. A delegation of the officials from the company CEO Sumant More met the NMSCDCL regarding the said offer. The objective of the company is to create awareness about electric vehicles among city residents, said More. The smart city CEO has asked the company to present the idea before him and Kailas Jadhav, Municipal Commissioner next week. Earlier Rajasthan Electronics & Instruments Ltd. (REIL) had plans to install the charging stations in the city. Nashik Municipal Corporation has awarded the contract of deploying 150 E-buses to private contractors through a competitive bidding process. The 12 years contract is estimated at about Rs.1000 Crore. This was in line with various Government policies such as the National Electric Mobility Mission Plan (NEMMP), FAME, etc., instituted by the Central Government to promote the adoption of the EV technology.

Niti Aayog Urges Tesla To Make Electric Cars In India

Niti Aayog Vice-Chairman Rajiv Kumar on Thursday urged US-based Tesla to fabricate its iconic electrical automobiles in India, whereas assuring the corporate that it’s going to get the tax advantages it desires from the federal government. Speaking at a digital convention of the Public Affairs Forum of India (PAFI), Kumar mentioned Tesla shouldn’t simply ship its merchandise into India as this is not going to create jobs within the nation. Earlier this month, Road Transport Minister Nitin Gadkari had additionally mentioned he has requested Tesla a number of instances to fabricate its electrical automobiles in India, whereas assuring that each one help will probably be offered by the federal government to the corporate. Last month, the heavy industries ministry had requested Tesla to first begin manufacturing its automobiles in India earlier than any tax concessions might be thought about.

Sun Mobility Receives $50mn Investment From Vitol

Sun Mobility, which is an electric batteries company, has raised $50 million from Dutch energy giant Vitol. Using these funds, Sun Mobility will be expanding its footprint to all major cities. It plans to increase the number of battery swapping points and will also partner with various OEMs, collaborating with various fleet operators and distributors to introduce newer business models. The company is aiming to install 500 such points by the end of next year. Sun Mobility has developed ‘smart batteries’ for electric 2 and 3 wheelers. These are smaller, lighter, and swappable at its Quick Interchange Stations. The company also has a similar solution for electric buses. Whereas, Vitol has been serving the world’s energy market for over 55 years and has committed over $1 billion to sustainable energy projects.

Ather Energy Acquires Rights To The AiKaan’s Over-the-Air (OTA) Platform

Ather Energy, India’s first electric two-wheeler company to offer features and specification upgrades to existing consumers, has obtained the rights to the AiKaan platform from its OTA (Over-the-air) partner, AiKaan Labs Pvt Ltd. AiKaan provides the industry’s first Edge & Fog infrastructure provision and control solution that is designed for IoT deployments. AiKaan has been working with Ather Energy since its inception to develop the OTA solution and has played a pivotal role in deploying all OTA updates on Ather electric scooters so far. With the new rights to AiKaan’s strategic platform, Ather Energy now further strengthens its connectivity platform with complete control over the OTA update of the software. 

EMobility Consumer Lending Platform Revfin Raises $4m

Revfin has raised a $4m amount in pre-series A funding round with both equity and debt. It is a digital e-mobility consumer lending platform underwriting financially excluded and underserved segments. These funds will be used for providing loans from the current monthly disbursement run-rate of INR 3 crores to INR 15 crores per month. This Series A funding round was led by Redcliffe’s Dheeraj Jain, Let’s Venture Angel Fund, Anuraag and Ruchirans Jaipuria, Rishi Kajaria, and Rahul Seth. There were also other investors like Amit Goel, Ranjit Yadav. EV financing market size is projected to be at $50 billion (₹3.7 trillion) by 2030. RevFin is targeting to capture 20% of the market share in electric 3-Wheeler  financing in UP and Bihar this year. It is expected that E3Ws will account for 65-75% of new three-wheeler sales by 2030.

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