Only 15 EV Brands in China to Survive by 2030: AlixPartners Updated On Fri, Jul 4th, 2025 by Saurenergy Only 15 out of the 129 electric vehicle (EV) and plug-in hybrid brands currently operating in China are expected to remain financially viable by 2030, according to a new report by global consulting firm AlixPartners. This consolidation, driven by fierce competition, overcapacity, and price wars, will see these surviving brands capture approximately 75 percent of […] Read more
Evera Cabs Secures $4mn From Mufin Green Finance For Expansion Updated On Tue, Jun 24th, 2025 by Saurenergy Evera Cabs, an all-electric taxi service based in India, has raised $4 million in funding from Mufin Green Finance to support the expansion of its electric vehicle (EV) fleet, the company said on Tuesday. The funding was raised through a hybrid structure of convertible debentures and debt. Evera said the investment would accelerate the deployment […] Read more
Tata Elxsi-Infineon Pact Targets Safer EVs Amid Surging India Sales Updated On Thu, Jun 19th, 2025 by Saurenergy Tata Elxsi, a design and technology services firm, has signed a memorandum of understanding (MoU) with Infineon Technologies to jointly develop application-ready electric vehicle (EV) solutions tailored for the Indian market, the companies said on Wednesday. The partnership comes amid a surge in EV adoption in India, with sales of electric two- and three-wheelers rising […] Read more
Maharashtra Draft EV Policy Targets Rollout in Six Urban Hubs Updated On Tue, May 27th, 2025 by Saurenergy Maharashtra has unveiled a draft Electric Vehicle (EV) policy aimed at accelerating adoption across all vehicle segments through targeted incentives, infrastructure expansion, and support for local EV manufacturing. The policy seeks to foster innovation and skill development while promoting battery recycling and reuse to support a circular economy. The draft policy outlines, an ‘Operational Guidelines […] Read more
Auto Component Makers Bet Rs 22000 Cr On EV Capabilities Crisil Updated On Mon, May 26th, 2025 by Saurenergy India’s automotive component industry is expected to maintain a stable credit outlook this fiscal, supported by strong cash flows and limited debt, despite a continued capex of around Rs 22,000 crore to scale up electric vehicle (EV) capabilities, according to a Crisil Ratings analysis. The sector is projected to record 7–9% revenue growth, mirroring last […] Read more
OPG Mobility Eyes Localizing EV Manufacturing: Anshul Gupta Updated On Tue, May 20th, 2025 by Saurenergy You’re present across various verticals—battery recycling, battery technology, EVs, and more. What’s your core focus today? The primary focus of OPG Mobility is boosting electric mobility, especially in the two-wheeler and three-wheeler segments. We’re involved in everything from batteries and EV charging stations to powertrains and even the plastic and mechanical parts that go into […] Read more
Folks Motor Raises ₹100cr To Boost EV Manufacturing Updated On Mon, May 19th, 2025 by Saurenergy Indian automotive firm Folks Motor has secured ₹100 crore in the first close of its ₹500 crore electric vehicle (EV)-focused investment fund, aimed at bolstering domestic EV manufacturing and infrastructure. The fund, dubbed Folks Funds, is structured as an Alternative Investment Fund (AIF) Category II and targets full closure by the end of 2025. It […] Read more
Kazam Partners With Yuma To Add Battery Swapping Model Updated On Wed, Apr 9th, 2025 by Saurenergy Indian EV charging solutions provider Kazam has partnered with Yuma Energy, a joint venture between Magna International and Yulu Bikes, to integrate battery-swapping infrastructure into Kazam’s Park & Charge (P&C) hubs across India. The initiative is aimed at improving convenience and operational efficiency for commercial electric vehicle users. Nationwide rollout begins in Bengaluru The collaboration, […] Read more
Folks Motor Commits ₹500cr For EVs, Aims Local Manufacturing Updated On Thu, Mar 20th, 2025 by Saurenergy Hybrid electric retrofit solutions company Folks Motor has announced a Rs 500 crore capital expenditure (CAPEX) investment over the next five years under the Production Linked Incentive (PLI) scheme. This investment is directed towards developing dedicated EV warehousing industrial parks, strengthening India’s EV supply chain, and addressing the critical challenge of achieving 50% domestic value […] Read more
