|

Ola Electric launches three motorcycle variants, stocks surge 

India, News

Electric vehicle maker Ola Electric Mobility has introduced a new series of motorcycles, marking its entry into the largely untapped motorcycle segment of India’s two-wheeler market. This launch comes shortly after the company’s initial public offering (IPO), which raised $734 million. India’s electric two-wheeler market is predominantly dominated by scooters, with motorcycles accounting for just 1% of EV sales. Ola Electric aims to shift this dynamic with its three new motorcycle variants, including the entry-level…

|

Centre to impose stricter safety standards on electric construction equipment from October 2024

India, News

The Ministry of Road Transport and Highways (MoRTH) is set to introduce stringent safety standards for electric construction vehicles as part of India’s green transition. Starting October 1, 2024, all-electric construction equipment, including dumpers and excavators, must comply with new safety regulations outlined in the draft amendment to the Central Motor Vehicles Rules, 1989. This amendment, published on August 14, proposes the introduction of rule 125-O, which mandates adherence to Automotive Industry Standards (AIS)-174, covering…

|

Tata Passenger Electric Mobility, Tata Power Renewable Energy join forces for zero-emissions mobility

India, News

Tata Passenger Electric Mobility Ltd. (TPEML) and Tata Power Renewable Energy Ltd. (TPREL) have partnered to drive zero-emissions mobility in India by integrating electric vehicles (EVs) with solar rooftop systems. This collaboration enables TPEML customers to install solar rooftops through TPREL, promoting both EVs and solar solutions to their respective customer bases. Combining EVs with solar rooftops reduces the total cost of ownership, lowers electricity bills, accelerates payback periods for solar owners, and provides 100%…

|

Odysse Electric partners with Sun Mobility to power e-commute bike Vader SM in international markets

India, News

Odysse Electric has announced that Sun Mobility’s battery swap solution will power its e-commute bike Vader SM in key international markets through collaboration. This partnership aims to expand Odysse Electric’s global footprint and accelerate the adoption of electric mobility worldwide, according to a company statement. Odysse Electric’s product portfolio includes two e-motorcycle models and five e-scooter models with various variants. The partnership will utilize Sun Mobility’s battery-swapping platform to enhance the accessibility and convenience of…

|

Lectrix EV partners with Electric One Energy to expand market presence

India, News

Lectrix EV, the electric mobility arm of SAR Group, has announced a collaboration with Electric One Energy Pvt. Ltd., a leading EV superstore chain. This partnership aims to enhance Lectrix EV’s market reach while providing Electric One Energy with reliable, high-quality electric vehicles. Electric One Energy will make Lectrix EV more accessible to Indian and global consumers seeking affordable, high-quality electric vehicles. The partnership also plans to expand exports to SAARC countries, including Nepal and…

|

Ola Electric to launch Rs 55 billion IPO on August 2, 2024

India, News

Ola Electric Mobility is set to launch its initial public offering (IPO) on August 2, 2024, aiming to raise Rs 55 billion. The IPO will consist of a fresh issue of shares worth Rs 30 billion and an offer-for-sale (OFS) of Rs 25 billion by existing shareholders. The price band for the IPO has been set at Rs 200-215 per share. Ola Electric, a subsidiary of ANI Technologies (the parent company of Ola Cabs), is…

|

CBMM launches world’s largest niobium-based anode plant in Brazil

Global, News

CBMM has inaugurated a state-of-the-art niobium-based anode production facility in Araxá, Brazil, marking a milestone in advanced battery technology. The plant will produce 2,000 tonnes of Echion Technologies’ XNO active anode material annually, equivalent to one gigawatt-hour of lithium-ion battery cells. This facility is the largest of its kind globally and aims to serve the rapidly growing demand for niobium-enhanced battery materials, particularly in electric vehicles (EVs), heavy-duty transport, and energy storage systems. Niobium-based anodes…

|

India’s climate policies set to cut 4 billion tonnes of CO2 by 2030: Report

India, News

India’s climate policies are on track to reduce carbon dioxide emissions by around four billion tonnes from 2020 to 2030, leading to a 24% drop in coal-based power generation, according to a report by the Council on Energy, Environment and Water (CEEW). This projection surpasses India’s COP26 commitment to reduce emissions by one billion tonnes by 2030. CEEW’s analysis reveals that policies across India’s power, residential, and transport sectors saved 440 million tonnes of CO2…

|

Global energy efficiency improvements lag behind COP28 targets: IEA

Global, News

One year after the COP28 pledge to double global energy efficiency by 2030, a report from the International Energy Agency (IEA) reveals that countries are falling short of this goal.  The IEA’s Energy Efficiency 2024 report shows that global primary energy intensity—a core energy efficiency metric—is set to improve by around 1% in 2024, the same rate as in 2023, far below the 4% target needed by 2030. At COP28, nearly 200 countries committed to…

|

Nomura projects 7% CAGR in India’s power demand through FY27

India, News

Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27.  This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing weather patterns, which have contributed to recent supply shortages, are also anticipated to drive demand. Electricity consumption is expected to…