Magenta Mobility, Altigreen, and Exponent Collaborate to Introduce EV Fleet with 15-Minute Rapid Charging
Magenta Mobility, an electric mobility and charging solutions provider, joins forces with Exponent Energy, an energy-tech startup, and Altigreen Propulsion Labs, a leading electric commercial vehicle manufacturer. Altigreen’s neEV Tez powered by Exponent fully charges in 15 minutes. This, along with Exponent’s e^pump network empowers Magenta to unlock unparalleled utilisation, freedom, and flexibility for last-mile logistics. Magenta is revolutionising the logistics and transportation landscape in India through its integrated electric mobility solutions, encompassing Electric Vehicles, Charging Infrastructure, Software Solutions, and Daily Operations. This integrated approach offers end-to-end solutions to customers, enabling them to harness the benefits of greener and more efficient operations while generating valuable insights from their fleets.
GO EC Autotech To Install 1,000 EV Charging Stations Across India
GO EC Autotech Pvt Ltd, a start-up based in Kerala, India, has announced the installation of 1,000 super-fast electric vehicle (EV) charging stations across the country. The company already operates 70 charging stations in Kerala and over 33 stations across India. The expansion project aims to strategically position the charging stations in capital cities, state highways, national highways, Tier-2 and Tier-3 cities, as well as rural areas. The goal is to cater to the needs of customers residing in remote locations and make it easier for them to adopt electric vehicles. GO EC has already deployed over 103 charging stations in India within a year and has partnered with major restaurants and shopping malls to provide convenient charging facilities for EV users.
Orxa Energies Inaugurates State-Of-The-Art Electric Vehicle Manufacturing Facility In Bengaluru
Orxa Energies, a startup specializing in electric motorcycles, has unveiled its new manufacturing and battery assembly facility in Bengaluru, Karnataka. Situated in the Bommasandra Industrial Area and spanning across 1 acre, the facility has the capacity to produce 20,000 electric bikes under the Mantis brand. The site also includes dedicated spaces for research and development, Mantis assembly stations, battery assembly lines, and a product testing centre. The joint R&D and production facility will allow Orxa Energies to leverage its internal engineering talent to enhance vehicle technology, production methods, and assembly processes for their motorcycles.
Tata Power Deploys EV Fast Chargers Along Major Highways in Rajasthan
Tata Power, one of India’s largest and fastest-growing EV Charging solution providers, is at the forefront of promoting sustainable mobility and is actively leading the charge in establishing a strong and expansive electric vehicle (EV) charging infrastructure along highways in Rajasthan. Tata Power has strategically installed fast chargers along Rajasthan’s crucial highways connecting Jaipur, Ajmer, Bikaner, Jodhpur, Sri Ganganagar, Pachpadra, Nagaur, Rashidpura, and Nathdwara. These chargers offer convenient and reliable charging solutions for EV owners, promoting the growth of electric mobility in Rajasthan.
Oben Electric Raises INR 40 Crores In Pre-Series A Funding Round
Oben Electric, a Bengaluru-based EV startup, has successfully raised INR 40 Crores in an extended pre-series A round, bringing their total Pre-Series A fundraising to INR 72 Crores (equity & debt). The brand has raised a total fund worth INR 88 Crores since inception which will support Oben Electric in increasing their production capacity to 100,000 units per year at their 3.5-acre manufacturing facility in Bengaluru and meet their working capital requirements for distribution expansion. The funding round attracted notable participation from Institutional investors like Stride Ventures and Indian Renewable Energy Development Agency (IREDA), along with new investors including Mumbai Angels and other high-net-worth individuals (HNIs).
BillionElectric Introduces Revolutionary E-Mobility Platform for Airport Buses & Trucks, Raises $10M in Seed Funding
BillionElectric, a pioneering E-Mobility as a Service (eMaaS) platform announced its foray into the Indian market, securing $10 million in a seed round of equity and asset lease funding. The funds raised will be strategically allocated to two key initiatives: firstly, the deployment of electric tarmac buses at the Bengaluru international airport; and secondly, the development of a mid-mile heavy EV trucks platform. The Company has already inked a contract to expand its services to Ten(10) additional airports across India, following the initial launch in Bengaluru in collaboration with Veera Vahana.
Arvind Kejriwal Inaugurates 42 New Ultra-Low-Cost EV Charging Stations
Chief Minister Arvind Kejriwal stated that Delhi has the lowest cost for using electric vehicles (EVs) in the country and has earned the title of the “EV capital” of India. At an event in GTB Nagar, Kejriwal inaugurated 42 new ultra-low-cost EV charging stations, bringing the total number of such stations in Delhi to 53. He emphasized that as the number of EVs in the city has increased in recent years, air pollution levels have decreased significantly. Kejriwal highlighted the positive impact of the EV policy implemented by the city government and mentioned that Delhi aims for at least 25% of new vehicles purchased by 2025 to be EVs. Currently, 13% of new vehicles bought in Delhi are EVs, surpassing the national average of 6%.
Mufin Green and SIDBI Collaborate to Boost EV Financing Support for Sustainable Mobility
Mufin Green Finance – India’s first listed NBFC dedicated to EV financing, with support from SIDBI (Small Industries Development Bank of India) accelerates the EV uptake in India by extending its financing solutions in the domain. SIDBI has already sanctioned financial assistance for the NBFC in the form of a term loan, with a maximum limit of Rs.10 crores. Established in 1990, SIDBI acts as a Principal Financial Institution for the promotion, financing and development of the MSME sector. As part of the partnership with SIDBI, Mufin Green Finance becomes an authorized partner of SIDBI to promote EV financing among industry stakeholders including fleet operators, aggregators, etc. and develop the MSME sector.
RACEnergy Inaugurates State-Of-The-Art Battery Manufacturing Facility In Hyderabad
RACEnergy, a deep-tech company that focuses on electric vehicle infrastructure and battery swapping, has officially opened its battery production facility in Hyderabad, covering an area of 10,000 square feet. With a 50 MWh capacity, the plant has the capability to manufacture 30,000 batteries annually. This development is in line with RACEnergy’s objective of producing 80,000 two and three-wheelers by 2025, a significant stride towards its goal of circulating 250,000 swappable batteries within the same timeframe. A notable achievement for RACEnergy is their attainment of the AIS-156 Phase 2 certification, making them the first swappable battery company to do so. This certification ensures improved safety as well as enhanced performance for its battery technology.
AMO Mobility Solutions And Trigo Electric Partner To Revolutionize Last-Mile Logistics With 10,000 Electric Bikes
AMO Mobility Solutions and Trigo Electric have recently signed a Memorandum of Understanding (MoU) outlining their agreement to procure 10,000 electric bikes from AMO Mobility within a six-month timeframe. In addition to the supply of electric bikes, AMO Mobility will offer comprehensive 3S (Sales, Service, and Spares) support to Trigo Electric. The partnership aims to revolutionize last-mile logistics and mobility in India by leveraging AMO Mobility’s expertise in electric two-wheelers. The objective is to provide efficient, sustainable, and cost-effective logistics solutions. Trigo Electric, driven by its commitment to sustainable last-mile logistics, intends to provide its customers with eco-friendly solutions through its fleet of electric two-wheelers.
