responsAbility Pledges USD 25 Million Investment In BluSmart To Propel EV Charging Infrastructure Expansion In India
As part of its USD 500 million climate investment strategy in Asia, responsAbility Investments AG is set to invest up to USD 25 million in BluSmart, India’s leading EV ride-hailing service and EV charging infrastructure network. The investment will aid BluSmart’s nationwide expansion of EV charging infrastructure, contributing to responsAbility’s mission of mobilizing capital for positive societal and environmental impact in emerging markets. BluSmart, headquartered in India, operates the largest vertically integrated EV ecosystem in Southeast Asia, boasting 6,000 electric vehicles and 4,000 EV chargers. With a focus on decarbonizing mobility, the investment follows BluSmart’s recent achievements, including a USD 24 million equity round and securing USD 200 million in sustainable EV asset financing from leading development financial institutions.
Servotech Power Systems Lands ₹120 Crore Deal for 1800 DC Fast EV Chargers with BPCL
In a significant development, Servotech Power Systems Ltd., a prominent EV charger manufacturer in India, has successfully clinched a major order worth 120 Crores for the supply of 1800 DC Fast EV Chargers from Bharat Petroleum Corporation Limited (BPCL). This ambitious project is set to propel the growth of the EV charging infrastructure in the country and is a crucial component of the BPCL E-drive Project. Under this groundbreaking deal, Servotech Power Systems will handle the manufacturing, supplying, installing, and strategic deployment of 1800 EV chargers throughout the nation, with a focus on BPCL petrol pumps in major cities. The project, which encompasses two charger variants – 60 kW and 120 kW, is expected to be completed by the end of 2024. This initiative aligns with the broader goal of promoting widespread adoption of electric vehicles and establishing e-mobility touchpoints for improved accessibility and convenience.
Amit Shah Spearheads Green Mobility In Jammu With Electric Bus Launch
Union Home Minister and Minister of Cooperation Amit Shah inaugurated an electric bus (e-bus) service in Jammu, distributing over a thousand appointment letters for the Jammu & Kashmir Combined Examination-2024 and compassionate appointments. The launch included 100 fully air-conditioned e-buses in Jammu, part of a project costing INR 561 crore for operation and maintenance over 12 years. Shah emphasized India’s environmental initiatives, with the Modi government implementing nationwide schemes for e-buses. The buses, ranging from 9 to 12 meters, aim to provide reliable, comfortable, and eco-friendly public transport, addressing commuting challenges and promoting environmental sustainability in Jammu and surrounding areas.
Citroen Unveils E-C3 Shine All-Electric Variant In India, Elevating The EV Driving Experience
Citroen, the French automaker, has introduced the E-C3 Shine All-Electric variant at an introductory price of INR 13,19,800 (ex-showroom Delhi). This flagship B-hatchback, evolving from the E-C3, offers an outstanding value proposition while enhancing the electric driving experience. The top-tier variant features an electrically adjustable ORVM, rear parking camera, 15-inch diamond-cut alloys, front & rear skid plates, rear wiper & washer, rear defogger, and a leather-wrapped steering wheel. With a leading range of 320 km (ARAI MIDC I Certified), 100% DC Fast Charge capability, and a 15 AMP Home Charging option, the E-C3 Shine underscores Citroen’s commitment to technology and sustainability.
Montra Electric Launches Super Auto In Tirunelveli, Tamil Nadu, Fostering EV Awareness And Sustainable Last-Mile Transportation
Montra Electric, the electric vehicle (EV) brand under TI Clean Mobility (TICM), a subsidiary of Tube Investments of India, has unveiled the Montra Electric Super Auto in Tirunelveli, Tamil Nadu, delivering the first batch to 10 customers. To raise awareness about noise and air pollution, Montra Electric organized an EV awareness program in the city, emphasizing the positive impact of transitioning to electric vehicles. The Super Auto, designed for last-mile transportation, has been introduced in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, with multiple touchpoints for test rides.
Electrifying Commutes: Ola Begins E-Bike Taxi Service In Delhi And Hyderabad
Ola introduced its e-bike taxi service in Delhi and Hyderabad with plans to expand and increase e-bike deployment in Bengaluru after a successful pilot program. The company aims to deploy 10,000 e-vehicles in Delhi and Hyderabad over the next two months, establishing the largest E2W fleet in India. Offering affordable pricing, with rates as low as INR 25 for 5 km, INR 50 for 10 km, and INR 75 for 15 km, Ola’s e-bike taxi service is positioned as a cost-effective, sustainable, and convenient commuting solution. Hemant Bakshi, CEO of Ola Mobility, emphasized the role of electrification in providing affordable mobility and outlined plans for nationwide expansion, targeting a larger market for e-bike taxis in India.
Green Mobility Milestone: Manohar Lal Khattar Launches Electric Bus Fleet In Panipat
To commemorate International Reducing CO2 Emissions Day, Chief Minister Manohar Lal Khattar launched the inaugural set of five JBM ECOLIFE electric buses at Panipat Bus Depot. Supplied by JBM Auto, a local bus manufacturer in Haryana, these buses represent a noteworthy advancement in advocating for sustainable and eco-friendly public transportation within the state. The event attracted the attendance of prominent dignitaries, government officials, and industry leaders. In Panipat, Haryana, Chief Minister Manohar Lal Khattar inaugurated electric city bus services, offering free travel for the first seven days. The initial fleet comprises three electric buses, with plans to introduce five more shortly.
Porsche Launches Macan Turbo EV In India: Unveiling Powerful EV With Striking Design
Porsche has introduced the Macan EV to the Indian market after a global release of sketch designs. The Macan EV will be available in two variants: Macan 4 and Macan Turbo. However, Porsche India will exclusively offer the Macan Turbo, priced at ₹1.65 crore ex-showroom. Bookings for the electric SUV are now open, with deliveries scheduled to commence in the second half of the year. The Macan 4 boasts a maximum power of 402 bhp and a peak torque of 650 Nm, accelerating from 0-100 kmph in 5.2 seconds with a top speed of 220 kmph. The claimed WLTP range for this is 613 km. Its 95 kWh battery pack can charge from 10 to 80 per cent in 21 minutes using 270kW on an 800V DC system.
HMC HIVE Collaborates With Belgian Cycle Factory For Innovative Bicycle And E-Bike Venture
HMC HIVE, an arm of Hero Motors Company based in Ludhiana, has entered into a partnership with Belgian Cycle Factory, a prominent cycling company in Europe. The collaboration aims to manufacture and export high-quality cycles and e-bikes from India to Belgium, with plans for Belgian Cycle Factory to enter the Indian market in the future utilizing Hero Cycle’s extensive retail network. This strategic alliance, valued at US$36 million, signifies a noteworthy achievement for both companies, poised to redefine the global landscape of bicycles and e-bikes.
Traffic Management Initiative: Designated Routes Proposed For E-Rickshaws In Indore, Madhya Pradesh
E-rickshaws are set to operate on designated routes following a proposal of 23 routes by the traffic department and regional transport office in Indore, Madhya Pradesh. Officials, including water resources minister Tulsiram Silawat, MP Shankar Lalwani, mayor Pushyamitra Bhargav, MLA Madhu Verma, collector Asheesh Singh, and IMC commissioner Harshika Singh, discussed traffic congestion issues and potential solutions during a meeting at the district collector’s office. The finalization of routes is underway, and the meeting emphasized the importance of specific routes for e-rickshaws in enhancing traffic management and convenience.
Olectra Greentech Records 77% Surge In Net Profit For Q3 FY2023-24
Olectra Greentech, a leading electric vehicle manufacturer, announced a remarkable 77% surge in net profit, reaching Rs 27.11 crore for the quarter ending December 2023, attributed to increased revenues. The company’s Q3 FY2023-24 revenue witnessed a substantial 33% rise, totalling Rs 342.14 crore, primarily driven by elevated deliveries. Olectra Greentech has successfully delivered 1,615 electric vehicles to date, maintaining a robust order pipeline with 8,088 bus units. During the quarter, 178 electric vehicles were delivered, reflecting a 25% increase from the same period in 2022-23.
