Delhi Enhances Public Transport With Launch Of 320 Electric Buses
Delhi Lt Governor V K Saxena inaugurated 320 new electric buses on Tuesday, increasing the city’s electric bus fleet to 1,970. Saxena emphasized that this addition will support Delhi’s efforts to combat pollution. Delhi residents will benefit from a new fleet of 320 electric buses. Future plans include adding even more buses. To effectively reduce pollution in Delhi, it’s crucial to enhance public transport, and this step is aligned with that goal. “Our goal is for the central and Delhi governments to keep working together on this initiative,” stated the Delhi LG during the flag-off event at Baansera. Transport Minister Kailash Gahlot, also present at the event, noted that Delhi is now the first city in India and the third worldwide with the highest number of electric buses.
India Extends Electric Mobility Promotion Scheme 2024 To September 30 With Enhanced Budget To Boost EV Adoption
The Ministry of Heavy Industries, Government of India, has announced the extension of the Electric Mobility Promotion Scheme 2024 (EMPS 2024) until September 30, 2024, through gazette notification 1334 (E). Originally set to run from April 1, 2024, to July 31, 2024, the scheme’s duration and budget have been expanded to accelerate the adoption of electric vehicles (EVs) nationwide. The total outlay has been increased from Rs. 500 crore to Rs. 778 crore. The primary goal of EMPS 2024 is to advance India’s green initiatives and foster the growth of the EV manufacturing ecosystem. The scheme is part of a broader effort to make transportation more affordable and environmentally friendly, focusing on electric two-wheelers (e-2W) and three-wheelers (e-3W), including registered e-rickshaws, e-carts, and L5 category vehicles.
Indian EV Start-Up Simple Energy Gains $20 Million To Scale Up Production And Innovation
Simple Energy, an Indian clean energy and electric vehicle start-up has raised $20 million in Series A funding. The company plans to use these funds to boost the production of its main products, the Simple One and Simple Dot One. In addition to scaling up production, Simple Energy will allocate the capital towards expanding its market presence across India and developing new products. Simple Energy aims for a revenue of Rs. 150 crore for the current fiscal year. Suhas Rajkumar, Founder & CEO of Simple Energy, stated, “With the rapid increase in electric vehicle (EV) adoption in India, we are committed to being a key player in this growing ecosystem. The positive response from our initial customers in Bangalore has been incredible, and we are grateful to our investors for their confidence in our brand. The funds raised will be strategically used to enhance our production capacity and expand our dealership network across the country.”
Lubi Pumps Launches LUBI EV Solutions to Advance EV Charging in India
As the global focus shifts towards reducing carbon footprints and adopting more sustainable energy practices, Lubi Pumps, the flagship brand of Lubi Industries LLP, has announced its entry into the electric vehicle (EV) charging market with its new vertical, LUBI EV Solutions. This initiative underscores the company’s commitment to sustainable development and environmental responsibility. In alignment with the Indian Government’s “Make in India” initiative, LUBI EV Solutions is dedicated to managing the entire EV charging process in-house. This includes production, research and development, installations, and after-sales service, ensuring high-quality standards on a global scale.
Lectrix EV Launches High-Range LXS 3.0 Scooter With Cutting-Edge Features
Lectrix EV, the electric mobility division of SAR Group, has introduced the LXS 3.0 scooter, following the successful LXS 2.0. The new model, equipped with a 3KwH Li-ion LFP battery pack, boasts an impressive range of 130 km on a single charge and will be available for delivery starting August 1, 2024. The LXS 3.0 is powered by a 1200W motor and features a digital speedometer, reaching a top speed of 54 km/h. It comes with tubeless tyres and offers quick acceleration, going from 0 to 40 km/h in 10.5 seconds. Despite its strong performance, the scooter maintains a lightweight design, ensuring a smooth and efficient ride for modern commuters. Having undergone extensive testing for durability under Indian conditions, the LXS 3.0 is designed to combine style, comfort, and durability to meet the needs of today’s commuters, according to Lectrix EV.
Ecozen Invests in Volektra to Revolutionize Electric Vehicle Technology
Ecozen, a leader in climate-smart technology, has announced a strategic investment in Volektra, a trailblazer in electric vehicle (EV) technology. The partnership, supported by a consortium of investors including Thinkuvate, Growthfactory, and other stakeholders, aims to transform the global electric vehicle landscape. The collaboration will leverage Ecozen’s expertise in advanced motors, controls, IoT, and analytics alongside Volektra’s innovative magnet-free motor technology, known as SEEM (Sustainable Electric Energy Motor). Unlike traditional EV motors that depend on rare earth magnets, Volektra’s SEEM technology offers a more sustainable and performance-enhancing solution, promising high efficiency, reduced costs, and minimal environmental impact.
Revolt Motors Gets Green Light For EV Subsidies, Strengthening Commitment To Make In India
Revolt Motors has gained approval from the Ministry of Heavy Industries, qualifying it for EV subsidy programs. The company has settled the subsidies availed under the FAME-II regime and resolved previous subsidy-related issues. This approval qualifies Revolt Motors for the Electric Mobility Promotion Scheme (EMPS) 2024 subsidy and the forthcoming FAME III scheme. The EMPS 2024 scheme, extended to September 30, 2024, provides a subsidy of INR 10,000 per motorcycle from the Central Government. This approval is a significant milestone for Revolt Motors. The company can now benefit from subsidies under the ongoing EMPS 2024, making its motorcycles more competitively priced and potentially increasing sales and profitability.
Lohia Expands E3W Range With High-Tech, Stylish Models For Passengers And Cargo
Lohia has introduced five new electric three-wheelers (E3W) featuring advanced technology and stylish designs to meet both passenger and cargo requirements across various segments. The new range includes the Humsafar L5 Passenger, L5 Cargo, Narain ICE L3, Narain DX, Narain C+, Narain Base SS, iCH, Comfort F2F+, and Utility Vehicle. These models boast advanced features like keyless entry, LED lighting, and a striking new butterfly design. Notably, the Narain+ offers a versatile Flexi model, and all vehicles are powered by a robust 60V battery, ensuring reliable performance and extended range, according to the company. The Humsafar L5 Passenger offers a top speed of 48 km/hr, a battery capacity of 130/135/135 AH, and a range of 100 to 120 km. It is equipped with a digital instrument cluster, a metal body, and 4.5 R10 PR tires, making it ideal for urban commuting.
India’s Electric Bus Supply To Surge By 75-80% This Fiscal Year – Analysis
The supply of electric buses (e-buses) in India is expected to see a significant increase of 75-80% year-on-year, reaching 6,000-6,500 units this fiscal year as per Crisil Ratings. This surge is driven by the growing deployment of e-buses through tenders awarded under various government schemes, aimed at procurement by state transport undertakings (STUs) via the Gross Cost Contract (GCC) model. Key schemes contributing to this increase include the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) Phases 1 and 2, the National Electric Bus Programme (NEBP) under Convergence Energy Service Ltd (CESL) Phases 1 and 2, and the PM-eBus Sewa Scheme. These initiatives have propelled e-bus orders to 24,000 at the beginning of this fiscal year.
Green Frontier Capital Leads $3 Million Pre-Series A Round for ElectricPe, India’s Leading EV Super-App
Green Frontier Capital, a leading early-stage venture capital fund with operations in both India and the U.S., has spearheaded a $3 million pre-Series A funding round for ElectricPe, India’s premier EV super-app. The funding round also saw participation from existing investors Blume Ventures, Micelio Fund, and NB Ventures. The new investment will be strategically utilized to bolster ElectricPe’s growth and innovation efforts, reinforcing its position as a comprehensive solution for electric vehicle (EV) users and facilitating its expansion into new geographic areas. ElectricPe’s full-stack Super App provides users with the ability to locate, access, and pay for EV charging points of all types. In addition to the app, ElectricPe operates multi-brand stores that offer a diverse selection of electric two-wheelers, along with financing, servicing, and subscription plans.
