International Energy Agency (IEA) in its ‘Global EV Outlook’ report found a rise in the global share of the three-wheeler (3W) market by 13% in 2023 to reach 4.5 million sales. The report found three-wheeler electric vehicles composed a 21% share compared to 18% in 2022. IEA report estimated that almost 1 million electric three-wheelers […]
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Ecofy, a Non-Banking Financial Company (NBFC), and Vidyut, an EV ownership platform specialising in making electric three-wheeler acquisition more affordable have announced a partnership aimed at the electric vehicle market and sustainable transportation solutions. While Ecofy will finance the loan, Vidyut will offer a subscription-based battery-as-a-service model to ensure affordable EV solutions. Speaking on the […]
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Sustainable container logistics and supply chain optimisation MatchLog Solutions has announced the close of $1.5 million in pre-series A funding. The round was led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A. This funding will enable the company to shift to a full platform model, emphasizsing […]
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Battery financing and full stack EV asset management platform Chargeup has announced its plans to onboard 1 lakh drivers within the next 3 years and extend its reach to 1 million drivers across 30 cities within 5 years. Currently present in 13 cities, Chargeup is set to bolster its network by adding 1500 new partner […]
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Schneider Electric US, which describes itself as into digital transformation of energy management and automation, has announced a Battery Energy Storage System (BESS) designed and engineered to be a part of a flexible, scalable, and highly efficient architecture. BESS is the cornerstone for a fully integrated microgrid solution that is driven by Schneider Electric’s controls, […]
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MG Motors in India has announced that it has set up 500 chargers in 500 days as part of its MG Charge initiative in India. Gaurav Gupta, Chief Growth Officer, MG Motor India said, “MG aspires to do more than provide cutting-edge electric vehicles. This landmark of installing 500 chargers in as many days underscores […]
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Honda has announced its plans to establish an electric vehicle value chain in Ontario, Canada. The company announced its plans to build an EV value chain in Canada with an approximate investment of CAD$15 billion (USD$11 billion). It included an investment with joint venture partners, to strengthen its EV supply system and capability to prepare […]
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International Energy Agency’s (IEA) recent report on the use of batteries in electric vehicles (EVs) and battery storage installations has shown that developer costs of batteries will decline by 40% by 2030. The report was prepared after studying the use of solar PV plus batteries and found the total upfront costs of utility-scale battery storage […]
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RecycLiCo Battery Materials Inc. (RecycLiCo), recently received patent No. 478749 for RecycLiCo’s “Processing of cobaltous sulphate/dithionate liquors derived from cobalt resource” by the Indian Patent Office. The Indian patent follows the form of existing patents previously granted for the same invention in other jurisdictions. The patent incorporated 18 claims, including separation of cobalt compounds from […]
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Battery cell technology and EV Mobility Ecosystem developer, Log9 Materials and Zeta Energy Corp, a lithium-sulfur (Li-S) battery company, announced today a partnership to create the next generation of cells and batteries. The partnership is set to commence on April 21, during Log9’s annual Day Zero anniversary event. According to Log9 Materials, the partnership offers […]
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