Revfin and SUN Mobility Forge Alliance to Fuel Electric Vehicle Adoption with Innovative Financing Solutions and Cutting-Edge Battery Technology
SUN Mobility and Revfin have partnered to expedite the adoption of electric vehicles (EVs) in India through innovative financing options, leveraging SUN Mobility’s Battery-as-a-Service (BaaS) model. Revfin will provide financing for 2-wheelers in fleet operations and 3-wheelers in cargo and passenger transportation. SUN Mobility aims to deploy nearly 100,000 vehicles under the BaaS model over the next two years. Revfin utilizes advanced AI tools enabling customers to determine their loan eligibility within 16 minutes. Financing for fleet transactions can be disbursed within 24 hours post-documentation completion, ensuring seamless financing for SUN Mobility’s customers, including those lacking a conventional credit history. Revfin’s AI tools will assess customers’ repayment capabilities and intentions through online presence data, psychometric tests, and gamification.
Citroën Partners with BluSmart Mobility to Expand India’s Electric Fleet with 4,000 ë-C3 Units, Driving Sustainable Transportation Growth
French automaker Citroën has forged a partnership with BluSmart Mobility, India’s leading electric mobility service provider, to bolster the latter’s all-electric fleet expansion. A memorandum of understanding (MoU) has been signed between Citroën and BluSmart Mobility, securing the supply of 4,000 ë-C3 units. This strategic move aligns perfectly with the growing consumer preference for sustainable transportation alternatives. In the initial phase, 125 Citroën ë-C3 vehicles were inaugurated at BluSmart’s EV charging superhub in Bengaluru. The new Citroën ë-C3, an all-electric compact SUV, will augment BluSmart’s existing fleet of over 7,000 EVs. Offering an impressive range of 320 kilometers as per ARAI standards, the ë-C3 features cutting-edge fast-charging technology capable of achieving a full charge in under an hour.
Statiq and GLIDA Forge Strategic Partnership to Drive Electric Vehicle Charging Infrastructure in India
Statiq and GLIDA (formerly known as Fortum Charge & Drive India), two prominent players in India’s electric vehicle (EV) charging sector, have forged a partnership to drive the adoption of electric vehicles across the nation. This groundbreaking collaboration aims to revolutionize the EV charging infrastructure in India, offering enhanced convenience, accessibility, and empowerment to Passenger Electric Vehicle (PEV) users nationwide. Under this partnership, all public chargers within GLIDA’s charging network can now be accessed through the Statiq App, providing users with visibility and seamless access to GLIDA’s entire charging network, including existing and upcoming chargers.
Union Minister Nitin Gadkari Flag Off India’s First All-Women Electric 3-Wheelers Rally from Nagpur
The first all-women electric 3-wheeler rally in India is in progress from Kanyakumari to Kashmir. It was flagged off from Nagpur by Shri Nitin Gadkari as the rally completed over 1600 kilometers in 12 days. More than fifty women participated in the driver onboarding program at Nagpur’s Zero Mile Point. Conducted by ETO Motors, the program trains women to become electric 3-wheeler drivers, offering them sustainable livelihoods. The ETOwali/SheAuto rally generated excitement in the city and is poised to transform the landscape for women e3W drivers in Nagpur, providing them with viable career opportunities.
JBM Auto Limited Secures Tender For 1,390 Electric Buses Under PM-eBus Sewa Scheme
JBM Auto Limited, a leading automotive company, announced today that its subsidiary, JBM Ecolife Mobility Private Limited, has been awarded the coveted Tender as a bus operator for the Procurement, Supply, Operation, and Maintenance of 1,390 Electric Buses under the PM-eBus Sewa Scheme. The company also secured the development of allied electric and civil Infrastructure on Gross Cost Contracting (GCC) terms. The Tender declared as L1, signifies a significant milestone for JBM Auto Limited, solidifying its position in the burgeoning electric mobility sector. The procurement of 1,390 electric buses, accounting for approximately 65% of the total, underscores the company’s commitment to sustainable transportation solutions.
Fasmho Energy And Cyantron Synergies Collaborate On Next-Gen EV Battery Tech
Fasmho Energy, a company specializing in EV battery management technology, has announced a strategic alliance with Cyantron Synergies to focus on advanced battery packs. This collaboration aims to design and produce custom intelligent energy storage solutions, specifically targeting non-stationary high-voltage energy systems like e-buses and e-trucks. Valued at over USD $10 million, the partnership between Fasmho Energy and Cyantron Synergies intends to co-create battery management units (BMUs) to enhance battery performance and safety within the Indian electric vehicle (EV) sector. This initiative is part of a broader effort to meet the increasing demand for domestically manufactured solutions in the industry.
CESL Issues Tender For Procurement Of 3,132 Electric Buses Under PM-eBus Sewa Initiative
Convergence Energy Services Limited (CESL) has issued a call for proposals to select an operator for the procurement, supply, operation, and maintenance of 3,132 electric buses as well as the development of associated civil and electric infrastructure under the Pradhan Mantri eBus Sewa initiative on Gross Cost Contract model. The deadline for bid submissions is April 25, 2024, with bids to be opened on the same day. Prospective bidders are required to pay a non-refundable tender fee of Rs. 25,000. The tender is categorized into two packages: Package-1 encompasses 9-meter and 12-meter-long buses, while Package-2 focuses on 7-meter-long buses.
Delhi Cabinet Extends Electric Vehicle Policy Until June, Ensuring Incentives And Subsidies
The Delhi Cabinet has approved an extension of the Electric Vehicle (EV) policy until June of this year, ensuring the continuation of current incentives and subsidies. According to a statement from the Delhi government, vehicles purchased from January 1 onwards will be eligible for the benefits provided under this extension. The policy will be operational until either June 30 or the announcement of Delhi EV Policy 2.0, whichever occurs earlier. During a Cabinet meeting, the choice to prolong the policy was finalized, while inputs from diverse stakeholders are under review for potential integration into the forthcoming Delhi EV Policy 2.0.
Servotech Power Systems Secures Contract to Establish 20 EV Charging Stations in Nashik, Accelerating India’s Electric Vehicle Revolution
Servotech Power Systems Ltd, a key player in the electric vehicle (EV) charging and solar industry, has secured a significant contract from the Nashik Municipal Corporation (NMC). Under this agreement, Servotech will provide, commission, and construct 20 EV charging stations across the Nashik Municipal Corporation area. The primary aim of this contract is to address the growing demand for accessible charging facilities for electric vehicles, facilitating the state’s transition towards sustainable transportation solutions. With the rising popularity of EV mobility, there is a crucial need for robust EV charging infrastructure, enabling EV owners to conveniently recharge their vehicles while on the move.
NexGen Energia Ventures Into EV Manufacturing With Rs 1,000 Crore Investment In Jammu And Kashmir
NexGen Energia, a sustainable energy solutions company, announced its plans to invest Rs 1,000 crore in establishing an electric vehicle (EV) manufacturing facility in Jammu and Kashmir. The Noida-headquartered firm revealed that it is currently engaged in discussions with local authorities in the Union Territory and is actively seeking a 100-acre plot of land, either in the Kashmir Valley or in the Kathua industrial area. This decision follows closely on the heels of NexGen Energia’s recent announcement of a Rs 3,000 crore investment for the establishment of a Compress Bio Gas (CBG) plant in Gujarat.
Fujiyama EV Unleashes The Classic: Transforming Urban Commutes With Electric Power
Fujiyama EV has introduced its latest offering, the Classic electric scooter, aiming to revolutionize urban commuting. Promising an electrifying experience, the Fujiyama EV Classic features a potent electric motor that ensures an exhilarating journey through city streets. With customizable ride modes and state-of-the-art technology, riders can expect an unparalleled riding experience while enjoying an affordable price point. The Classic attains a maximum speed of 60 kmph, driven by a sturdy 3000-watt peak power motor. With an impressive range of up to 110 km per charge, thanks to its IoT-enabled Lithium Iron Phosphate (LFP) battery, riders can embark on longer journeys without the need for frequent recharging.
