China’s NIO Invests $273 Mn To Establish Separate Battery Tech Company Updated On Wed, Oct 26th, 2022 by Saurenergy Chinese electric vehicle manufacturer NIO has established a new entity called NIO Battery Technology (Anhui) Co. Ltd. and it is being headed by William Li as its Chairman, who is also the founder of NIO. According to reports, the capital is of about $273 million of the new company which will be controlled absolutely by […] Read more
The Contra View: 5 Arguments Against Battery Swapping Updated On Mon, Oct 17th, 2022 by Saurenergy A lot has been written about the advantages of Battery Swapping to make a shift to renewable energy for mobility. The value of Battery Swapping lies in the fact that separating the price of the electric car from the battery, its costliest part, will make it attractive to the customer. However, in the interest of […] Read more
Battery Swapping Technology to Transform India’s EV Industry in 2023 Updated On Thu, Oct 13th, 2022 by Saurenergy Ankit Mittal, Co-Founder & CEO, Sheru India’s EV industry has grown rapidly in the recent past, especially in the 2-wheeler and 3- wheeler segments. Comprising just 2% of all 2-wheeler sales at the beginning of 2022, sales of e-2-wheelers were more than 5% of total sales in September. The 3-wheeler segment has seen even […] Read more
Esmito Raises INR 10 Crore In Seed Funding For Battery Swapping Infrastructure Updated On Thu, Sep 22nd, 2022 by Saurenergy EV start-up Esmito has announced that it has raised Rs 10 crore in a seed funding round that was led by Unicorn India Ventures. The funds raised will be utilized for the expansion of battery swapping solutions by Esmito. A part of the funds will also go to strengthen the technology team of the company. […] Read more
Delhi Govt Launches EV Charging, Battery Swapping Stations Updated On Thu, Sep 15th, 2022 by Saurenergy The Delhi Government’s Switch Delhi website now features an open database for EV charging and battery swapping facilities. The open database was developed to unify all battery swapping and charge stations on a single platform, allowing public access to more than 2,500 charging stations in the nation’s capital. The decision follows several measures the local […] Read more
EV Startup Yulu Secures $82 Mn in Series B Round Updated On Mon, Sep 12th, 2022 by Saurenergy Bengaluru’s electric mobility startup Yulu has secured $82 million in equity funding, which was led by USA’s Magna International in a Series B funding round. The funding round saw participation from investors, which also included Bajaj Auto Limited. Notably, Yulu boasts of a strategic partnership with Bajaj Auto and the two companies have been working […] Read more
The Many Promises of Battery Swapping Updated On Mon, Sep 5th, 2022 by Saurenergy Known for designing and developing electric vehicles, Chinese multinational automobile manufacturer, NIO, has established a formidable reputation with regard to battery swap stations. In July this year, the automobile giant opened 1,000 swap stations and reached 10 million battery swaps. As of August, NIO boasts of 1071 swap stations in China, however, it has no […] Read more
Charging Infrastructure: The Backbone That is Driving a Transformation Updated On Thu, Aug 18th, 2022 by Saurenergy By Varun Goenka With global oil prices skyrocketing and petrol and diesel costs going up almost on a daily basis, there is an urgent need to switch over to a more sustainable energy option. Recognizing this, the Indian government has been actively trying to promote the use of electric vehicles (EVs). The Centre and several […] Read more
Energy Storage Company Sheru Enters Coveted Cleantech Open Accelerator Program Updated On Wed, Aug 10th, 2022 by Saurenergy Delhi-based Energy Storage startup, Sheru has been selected for the Cleantech Open Accelerator program 2022 cohort. The Cleantech Open Accelerator program is offering entrepreneurs and innovators training and tools to help them build and expand their cleantech enterprises. Since 2005, it has assisted over 1,800 creative businesses in scaling up, growing, and making a good […] Read more
