Macquarie Asset Management Launches Vertelo Platform for Fleet Electrification in India
Macquarie Asset Management, a division of Macquarie Group, unveils Vertelo, a comprehensive platform aimed at accelerating the transition of fleets to electric vehicles in India. With an initial investment from the Green Climate Fund, Vertelo aims to invest $US1.5 billion over a decade, focusing on reducing greenhouse gas emissions and supporting India’s ambitious vehicle electrification targets. Vertelo, a newly launched platform by Macquarie Asset Management, sets its sights on revolutionizing fleet electrification in India. With an anchor investment from the Green Climate Fund amounting to $US200 million, Vertelo plans to deploy end-to-end solutions for electric vehicle adoption, including leasing, financing, charging infrastructure, fleet management services, and end-of-vehicle life management.
Hero Lectro Launches Muv-E: The Ultimate Cargo E-Cycle For Urban Delivery
Hero Lectro, the e-cycle brand of Firefox Bikes Ltd., introduces its latest innovation: Muv-E, a groundbreaking cargo e-cycle designed for fleet operators, small business owners, and delivery riders. Priced at INR 61,999, the sleek black Muv-E caters to last-mile delivery needs with thoughtful design features. Equipped with a front basket and rear carrier boasting load capacities of 10 Kgs and 25 Kgs respectively, the Muv-E is versatile for transporting cargo. It supports a total load capacity of 120 kg, including the rider’s weight. The detachable battery offers a range of up to 70 kms with pedal assist on a single charge, requiring only 8 hours for a quick recharge. Featuring a ‘Charge the Mobile on the Go’ function and LED Display S2 with USB Charger Type, Muv-E ensures convenience for riders. Cushioned seats and safety features such as key ignition and a high-power front light enhance the riding experience.
India Charges Ahead: Ministry of Heavy Industries Releases EV Roadmap to Pioneer Global E-Mobility Transition
In an ambitious move to bolster the electric vehicle (EV) ecosystem in India, the Ministry of Heavy Industries (MHI) has unveiled its comprehensive roadmap, which aligns with the nation’s Vision of Viksit Bharat. Announced by Dr. Hanif Qureshi, IPS, Additional Secretary (Automobile Division), the strategy is poised to cement India’s role as a global leader in e-mobility transition. According to a letter dated April 18, 2024, from Dr. Qureshi, the roadmap’s foundation rests on inclusive development and stakeholder collaboration. The ministry has established an EV task force in partnership with the Federation of Indian Chambers of Commerce & Industry (FICCI) and other pivotal agencies. This task force aims to orchestrate workshops and meetings that will fuel insights and foster recommendations vital to the electric vehicle adoption and infrastructure progression in the country.
BYD India Receives Homologation Certificate For BYD ATTO 3 Electric Vehicle
BYD India, a prominent player in the realm of New Energy Vehicles (NEV), proudly announces a significant achievement in its journey towards sustainable mobility. The company has recently received a homologation certificate from the Automotive Research Association of India (ARAI) for its highly anticipated BYD ATTO 3 electric vehicle. The BYD ATTO 3 has already captured the attention of Indian consumers with its promising features and performance, indicating a strong potential for success in the market. This milestone achievement paves the way for the BYD ATTO 3 to reach a wider audience, fulfilling the increasing demand for electric passenger vehicles in India and contributing to the growth of the country’s Electric Passenger Vehicle market.
EMotorad Revolutionizes Electric Cycle Market with 370% Growth in India for FY24
In a remarkable achievement, domestic premium electric cycle brand EMotorad has surged ahead in the market, boasting an impressive growth rate of over 370% in India for the fiscal year 2024. Since its inception in 2020, EMotorad has rapidly expanded its footprint, amassing a global customer base exceeding 100,000. With 12 experience stores established in major cities and a network of over 350 dealers across India, the brand has solidified its position as the market leader, signaling continued growth. Bolstered by a production capacity of more than 100,000 e-cycles annually and the recent acquisition of cricket legend MS Dhoni as both a brand ambassador and investor, EMotorad is poised for further expansion.
BluWheelz Raises USD 1 Million To Drive Expansion In EV Market
BluWheelz, a company providing tech-enabled logistics solutions for mid and last-mile delivery, has secured USD 1 million in bridge funding, led by Venture Catalysts. Other investors include FAAD, LetsVenture, and Chakra Growth Fund. Covering operations in 18 cities, BluWheelz offers a wide range of vehicle options, including 2-wheelers, 3-wheelers, and 4-wheelers. The company aims to set itself apart by incorporating 6-wheelers into its fleet, pioneering electric vehicle (EV) fleet services in the country. Apoorva Ranjan Sharma, Co-founder, and Managing Director of Venture Catalysts, expressed confidence in BluWheelz’s innovative approach and commitment to environmental sustainability, stating that the company’s growth trajectory and strategic partnerships position it as a leader in the evolving EV market.
Bolt.Earth Secures ARAI Certification For Advanced EV Chargers
Bolt.Earth has achieved a significant milestone in India’s EV charging sector by obtaining ARAI (Automotive Research Association of India) certification for its level 1 and 2 charging solutions, including the LEVAC and Blaze AC models ranging from 7 to 22 kW. This certification ensures the highest standards of safety during charging operations, reflecting the company’s commitment to establishing EV charging as a safe and interconnected experience. The ARAI certification validates Bolt.Earth’s chargers as reliable and compliant with stringent safety criteria, including electrical and operational safety. This certification instills confidence in end-users, assuring them of a safe and worry-free charging process.
Empowering Electric Mobility: Ecofy And Vidyut Collaborate For Affordable EV Ownership In India
Ecofy, a prominent green-focused Non-Banking Financial Company (NBFC), and Vidyut, an innovative platform specializing in enhancing affordability for electric three-wheeler ownership, have announced a strategic alliance aimed at advancing sustainable transportation solutions. Under this partnership, Ecofy will provide financing while Vidyut will introduce a subscription-based battery-as-a-service model, ensuring accessible electric vehicle (EV) solutions. By implementing a hybrid financing approach that reduces acquisition costs and introduces a pay-per-km battery leasing model, Ecofy and Vidyut intend to simplify and de-risk the adoption of EVs, as stated by the companies.
Driving Change: Bounce Infinity Teams Up With BaaYu To Boost EV Adoption In Assam
Bounce Infinity, a prominent Bengaluru-based leader in electric scooters, has announced a strategic partnership with BaaYu, an EV Bike-Taxi initiative by Bikozee Ecotech Pvt. Ltd. partners with Assam State Transport Corporation (ASTC). This collaboration aims to expand the presence of electric vehicles (EVs) in Assam, marking a significant milestone in Bounce Infinity’s mission to enhance the accessibility and efficiency of electric transportation across India. As part of this partnership, Bounce Infinity has supplied over 100 scooters to BaaYu’s fleet and will facilitate the establishment of a private, localized battery-swapping network exclusively accessible to BaaYu.
Ultraviolette Launches F77 Mach 2: Revolutionizing Electric Motorcycle Industry
Ultraviolette, a trailblazer in Electric Vehicle Platforms and Battery Technology, has unveiled the F77 Mach 2, a groundbreaking advancement in the realm of performance and intelligent electric motorcycles. Priced at ₹ 2,99,000, this launch signifies a pivotal moment in accelerating electric vehicle adoption, propelled by Ultraviolette’s visionary Carbon Farewell Fund initiative. Building upon the success of its predecessor, the F77 Mach 2 represents the latest addition to Ultraviolette’s line-up of performance electric motorcycles, boasting unparalleled advancements in technology and performance. With an industry-leading 323 km IDC Range, facilitated by the largest and most advanced 10.3 kWh battery pack in the industry, the F77 Mach 2 redefines the essence of performance.
Log9 Unveils Amphion: Redefining Efficiency In Commercial EV Operations
Log9, a company known for its advanced battery cell technology and EV Mobility Ecosystem products, has announced the rebranding of its mobility business as ‘Amphion’ — a comprehensive EV asset management company. The unveiling of Amphion took place at Day Zero 2024, Log9’s annual event. According to the company, Amphion aims to tackle critical challenges encountered by the commercial electric vehicle (EV) industry, such as financing, data analytics, charging infrastructure, and energy efficiency. It offers solutions tailored for fleet operators and drivers, optimizing asset utilization, minimizing downtime, and ensuring cost-effective operations to facilitate a smooth transition to electric mobility.
