Week In India: CESL Enters Into Agreement With Three Wheels United To Procure 70,000 Electric 3-Wheelers For Indian Roads; Hero MotoCorp Is Looking To Lead In Electric-Two-Wheeler Segment; And More

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CESL Enters Into Agreement With Three Wheels United To Procure 70,000 Electric 3-Wheelers For Indian Roads

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL) has signed a Memorandum of Understanding (MoU) with Three Wheels United (TWU), a global fintech company specialized in EV financing, to procure 70,000 electric three-wheelers (E3Ws) to be deployed in multiple phases across India over a period of 5years. The initial procurement of these E3Ws by Three Wheels United, averagely priced at Rs 3 lakh and Rs 3.5 lakh for passenger and cargo categories respectively, will be for deployment in Bengaluru and Delhi. As demand in other cities picks up, TWU will expand to those areas as well. Under this partnership, CESL will aggregate high-quality demand for electric three-wheelers from multiple cities across India by catalyzing the market through proactive outreach and awareness creation around electric mobility. This will be in addition to the demand that CESL has already received from various cities across the country.

Hero MotoCorp Is Looking To Lead In Electric-Two-Wheeler Segment

According to the annual report of Hero MotoCorp for 2021-22, Hero MotoCorp is the largest two-wheeler manufacturer in India and is looking to take the lead in the electric-two-wheeler segment worldwide. According to the annual report of Hero MotoCorp for 2021-22, Hero MotoCorp is the largest two-wheeler manufacturer in India and is looking to take the lead in the electric-two-wheeler segment worldwide. The company is currently the global leader in the traditional two-wheeler section. However, it plans to expand into electric in the festive season. Hero MotoCorp reached 100 million cumulative productions last year. This milestone was achieved since 1984 when it was founded. In 1994, the company achieved its first million cumulative production milestones. It went on to produce 50 million units in 2013, and 75 million in 2017.

Zypp Electric Partners With Zepto To Facilitate Last-Mile Deliveries

Zypp Electric, an e-logistics provider, announced that it has increased its partnership with Zepto (a 10-minute grocery delivery platform) to facilitate last-mile deliveries in greener ways. Zypp currently serves 50 Zepto hubs within Delhi-NCR. The company plans to double its national fleet and increase its service areas by 10x in the coming 12 months. “In this first leg of our partnership, we have collectively helped reduce 1.62 lakh carbon emissions and facilitated more than half a million for Zepto so far, all via electric vehicles,” said Akash Gupta, Co-Founder and CEO, of Zypp Electric. Both startups have a fleet of more than 1,500 EV drivers and enable over 20,000 deliveries daily in Delhi. The startup will also expand to Bengaluru, Mumbai and other cities in the next 4 months.

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Ola Electric To Invest USD 500 Million In A Bengaluru Cell Research And Development Centre

Bhavish Aggarwal, founder and CEO of Ola Electric, announced that the company will invest USD 500 million, in a Bengaluru cell research and development centre. In a tweet, Aggarwal stated, “Sharing something I’m personally very passionate about! Building a state-of-the-art Battery Innovation Center (BIC) in Bangalore”. He said that BIC would be the largest and most advanced cell research and development facility in the world. “500+ engineers & PhDs, $500mn investment. Will be up & running next month!” Aggarwal said. The company stated that the BIC would be the largest and most advanced cell research and development facility in the world, with over 165 innovative lab equipment. This will cover all aspects of cell-related research. It added that the centre will house lines capable of producing all form factors, including cylindrical, pouch, coin and prismatic cells.

2,877 Electric Vehicle Charging Stations Sanctioned Under FAME–II In 68 Cities Across 25 States/UTs

The Ministry of Heavy Industries has sanctioned 2,877 Electric Vehicle Charging Stations in 68 cities across 25 States/UTs under Phase-II of FAME India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India). Further, 1576 charging stations have also been sanctioned across 9 Expressways and 16 Highways under Phase II of the FAME India Scheme. Under Phase-I of the FAME India Scheme, 479 charging stations have been installed as on 01.07.2022. To improve the infrastructure required for the large-scale use of electric vehicles, the Government formulated a scheme namely FAME India Scheme in 2015. At present, Phase-II of the FAME India Scheme is being implemented for a period of 5 years w.e.f. 01st April 2019. Under Phase-II of the FAME-India Scheme Rs. 1000 Cr. has been allocated for the development of charging infrastructure.

Omega Seiki Mobility Opens Its Third Manufacturing Plant In Faridabad With An Investment Of Rs 75 Crore

Omega Seiki Mobility, a Delhi-based manufacturer of electric three-wheelers, has opened its third manufacturing plant for electric vehicles in Faridabad (Haryana). The company has spent Rs 75 crore on the new facility. With its new plant, the company can produce 15,000 electric three-wheelers per year. It plans to increase that number to 50,000 by 2025, with an additional investment of Rs 150 crore. Industrial Model Township (IMT) in Haryana has a capacity to produce 7,200 and 12,000 units annually. In its new facility, the EV manufacturer will produce its Rage+ Rapid, Rage+,  Rage+ Swap, and Rage+ Frost cargo electric vehicles as well as its passenger vehicle offering Stream.

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Delta Deploys 6,000 Electric Vehicle Chargers In India

Delta, a global leader for power and thermal management solutions has announced that it has delivered over 6,000 electric vehicle chargers to Indian customers. Under an agreement with Tata Power Company Limited supplied over 1,000 chargers. It has installed more than 60 EV chargers at various sites and these are operated by Energy Efficiency Services Ltd (EESL), and 114 EV chargers to BESCOM, Bangalore Electricity Supply Company Ltd. A single site also houses 11 fast chargers, which is a boon for India’s largest bus OEMs. A portfolio of EV chargers was also provided by Delta to a Kerala state utility. According to Benjamin Lin, President and GM of Delta Electronics India, the company intends to increase its localized content to 80% in the next few years. We welcome any government initiative to grow the local manufacturing sector. Delta India’s R&D teams and engineering teams are actually working on more local solutions such as battery swapping systems to power electric scooters and fast EV chargers.

Ather Energy Launches Ather 450X Gen 3 In India

Ather Energy launched the Ather 450X Gen 3 in India. Ex-showroom New Delhi, the price of the 2022 Ather 450X is Rs 1.39 lakh. The new Ather 450X costs just Rs 1,000 less than the predecessor due to state subsidies and FAME II incentives. The new Ather 450X in Bengaluru will cost Rs 1.55 lakh, ex-showroom. The 2022 Ather 450X has a new riding range and other features. Although the scooter’s appearance is unchanged, it now has larger rear-view mirrors. You can still get it in white, space grey, or mint green colours. Ather Energy has upgraded the powertrain for the 450X, and it now has a larger battery. The new electric scooter features a 3.7kWh lithium battery pack instead of the 2.9kWh unit found in the older model. In ideal conditions, the claimed range has increased from 106 km to 146 km per recharge. The TrueRange of the Ather 450X electric scooter has increased by 20 km, and it now offers 105km per charge.

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Ashok Leyland Partners With Adani Capital Pvt. Ltd

Ashok Leyland’s LCV vertical has signed a Memorandum of Understanding (MoU), with Adani Capital Pvt Ltd to enter into a strategic financing partnership for its range of Light Commercial Vehicles. This MoU will enable both Ashok Leyland and Adani Capital to offer customized financial solutions for their customers in the Small Commercial Vehicle and Light Commercial Vehicle segments. Adani Capital will work towards catering to the customers’ needs through CV loans with easy monthly repayment plans, best suited for customers. Moreover, they will leverage technology to enhance customer experience.

Nashik Municipal Corporation To Deploy 50 Electric Buses From Next Year

Nashik Municipal Corporation (NMC)’s transport wing the Nashik Mahanagar Parivahan Mahamandal Ltd (NMPML) to deploy 50 electric buses from next year in the city. “The civic body will also folllow up with the Union ministry of heavy industries and public enterprises for receiving the approved grant for the electric buses,” Civic Administrator Ramesh Pawar said. The Union Ministry in the year 2019 provided a grant of Rs 27 crore to procure electric buses under the FAME Scheme for the civic body. Also, The Maharashtra State Electricity Distribution Company Limited (MSEDCL) will set up 2 electric vehicle charging stations in Nashik which will be easily accessible to the general public.

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