Page 6 - Electric Mobility

EV motorcycle startup Raptee raises $3 mn pre-Series A funding round

Premium EV motorcycle startup Raptee on Tuesday said it has raised USD 3 million in a pre-Series A funding round. The all-equity funding round led by deep-tech VC fund BlueHill Capital, also saw participation from industry stalwarts as well as HNIs, Raptee said in a statement. The funds will be utilised for augmenting the manufacturing facility, acquiring machinery, tooling for the soon-to-be launched motorcycle, and to scale up the team, it said. "This is our first institutional round. We want to launch a motorcycle in a mid-premium segment. We are extremely fortunate to be backed by investors from the manufacturing and transportation industries who understand long-term value creation and can add strategic value for us as we gear up for production and scale up," said Dinesh Arjun, Co-founder-CEO, Raptee. Raptee is a full stack electric motorcycle manufacturer. Its first motorcycle is expected to come in early 2024, with two experience centres in Chennai and Bengaluru. The EV star

Delhi govt paves way for sustainable last-mile connectivity, invites bid

In a step towards enhancing last-mile connectivity with public transportation, Delhi govt has invited proposals for the deployment of 3,000 high-speed e-scooters, low-speed e-scooters, and e-cycles

ABB to roll out electric powertrain system for ArcelorMittal Nippon Steel

Electrification and automation major ABB on Wednesday said it will roll out an electric powertrain system for ArcelorMittal Nippon Steel's new steel mill in Hazira. "ABB is partnering with SMS group to supply all the medium-voltage (MV) motors and MV drives for a new hot strip mill at Hazira, in Gujarat," an ABB statement said. ABB is working in partnership with SMS group -- a specialist in plant construction, mechanical and electric & automation engineering for the metals industry -- to provide all the MV motors and MV drives for ArcelorMittal Nippon Steel's new hot strip mill in India, it explained. The scope also includes a large number of low-voltage (LV) drives. The project at Hazira, an industrial hub in Gujarat, is part of a major expansion of the site, which is already India's fifth-largest producer of crude steel. When it becomes operational in 2025, the new mill will increase Hazira's production capacity by around 5.5 million tonne per year, the statement said. The hot .

Ola's Bhavish has thrown his might behind e-motorcycles: How serious is he?

Not surprisingly, Aggarwal's rivals are less than charitable towards him and, though they won't come on record while saying this, dismiss Aggarwal's e-motorcycles as "another of his teaser campaigns"

Ather Energy expects to turn unit-level profitable in next 2 quarters

Phokela concluded that with an annual production capacity of 420,000 units, Ather does not foresee the need for additional manufacturing capacity for the next 18 months

Shema Electric launches new range of high-speed electric scooters

The company priced its e-scooters -- Eagle+ and TUFF+ at Rs 1.17 lakh and Rs 1.4 lakh (ex-showroom), respectively

'Payment security mechanism, subsidies to help electric mobility growth'

A well defined payment security mechanism for long-term contracts would help support large-scale rollout of electric buses in the country, according to Ashok Leyland Chairman Dheeraj Hinduja. In an interaction with PTI, he also emphasised on the importance of subsidies in faster adoption of electric mobility in India. "So I would say two areas -- one, the subsidies or whatever benefits that the government can consider for promoting electric vehicles is of course welcome, and then some type of payment security mechanisms are also required. It would help the industry to grow at a faster pace," Hinduja said. He was replying to a query to list initiatives which could aid in the growth of electric vehicles in the country. Hinduja said the government is already looking into some form of security of its payment structure. "When you're looking at these GCC (Gross Cost Contracting) contracts for 10-12 years, the OEMs do want some security of how to ensure that the payments will happen durin

India charges ahead on the global electric vehicle map, shows Gartner data

Electric buses and vans will record 0.2 million shipments each in 2023, according to the forecast for this year

Spot in top 10 manufacturers, Net Zero status: Ashok Leyland outlines goals

At present, the company is the 20th largest commercial vehicle manufacturer in the world

At 75, Ashok Leyland shifts to top gear on EV business in India, overseas

Its arm Switch Mobility has captured 20% of India e-bus market within two years of inception; plans two EV products every year for next five years

Heavy industries' ministry scraps human safety tests for EV batteries

The ministry's testing parameters were more stringent than the MoRTH norms and required checks at three levels - the cell, battery management system, and the battery pack

Ather Energy raises Rs 900 cr from Hero MotoCorp and GIC for expansion

Electric two-wheeler manufacturer will use funding to launch new products, expanding charging infra

EV maker Ather Energy's revenue jumps 4.4 times, loss 2.5 times in FY23

The company is not expecting to achieve profitability this year due to the recent changes made by the government in the subsidy regime

Ather Energy to make net profit in 24 months, plans to raise more funds

The company is raising funds to help set up a new factory and strengthen R&D

Weekend Bites: E-transport, falling rupee, moon shot, and horror in court

In which we munch over the week's platter of news and views

Centre to scrap tender for 4,675 e-buses amidst lacklustre OEM response

The tender, issued on January 4, 2023, failed to attract bids from automakers such as Tata Motors, Ashok Leyland, and PMI Electro Mobility, leading to speculation about its cancellation

Tata Power launches RFID-enabled cards to support its EV charging ecosystem

Tata Power on Monday launched a radio-frequency identification card, which, it said, will help accelerate the adoption of electric vehicles in the country. With the launch of the card, Tata Power aims to leverage its electric vehicle (EV) charging infrastructure, which includes over 40,000 home chargers, more than 4,000 public and semi-public charging points, and 250 bus-charging points across the country, the company said in a statement. The radio-frequency identification (RFID) card was launched by Praveer Sinha, chief executive officer and managing director (MD), Tata Power, along with Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility. The card offers convenience with its tap, charge, and go functionality, the statement said. The card features a built-in chip that enables efficient, secure, and seamless initiation of charging sessions and payments, it said.

Demand drivers

Govt support for EVs needs a review

Pawan Munjal-backed Exponent unveils 15-minute charging tech for EVs

The energy-tech startup plans to expand operations to five new cities by the end of FY '24 and is targeting to deploy 1,000 e^pumps and 25,000 EVs powered by Exponent, by 2025

Uncertainty in battery cells biz demands realistic incentives from govt

In India, nearly all cells going into EVs are imported, and that's where the big challenge lies