EV Maker Ola Takes Home INR 3,200 in Fundraising Round Updated On Fri, Oct 27th, 2023 by Saurenergy Bengaluru’s electric vehicle firm Ola Electric has closed INR 3,200 crore in its fundraising round. The funds were raised from from marquee investors led by Singapore-based Temasek and project debt from State Bank of India respectively. The funds would be used be employed towards the expansion of Ola’s EV business and the establishment of a […] Read more
NITI Aayog To Fix Electrification Targets For App-Based Vehicles Updated On Fri, May 12th, 2023 by Saurenergy Indian government’s think-tank NITI Aayog might soon introduce yearly electrification targets for mobile application-based vehicle service providers like Ola, Uber, and others, reports suggest. The move is aimed at speeding up the electrification of new fleets of vehicles by these players. According to the report, which is yet to be published, the Aayog has decided […] Read more
Govt To Disburse Subsidy Dues To Ola, Ather, Hero & TVS Under FAME-II Updated On Mon, May 8th, 2023 by Saurenergy The Ministry of Heavy Industries, the nodal government agency handling the Faster Adoption of Manufacturing of Electric Vehicle (FAME)-II scheme, has been mulling returning the due subsidies of four major electric two-wheeler companies, reports claimed. The move comes days after these EV players announced reimbursing the EV customers to whom these companies sold EV chargers […] Read more
Ola Will Invest $500 Mn In Battery Innovation Centre In Bengaluru Updated On Tue, Jul 19th, 2022 by Saurenergy E-Mobility is catching the fancy of the companies across Asia Pacific region, thereby attracting ever higher investments. Following the trend, and adding its own ‘think big’ motto to it, Ola Electric recently announced an investment worth $500 million for setting up its futuristic Battery Innovation Centre (BIC) in the city of Bengaluru. A statement released […] Read more
Panel Blames Faulty, Scrambled Battery For Spate Of EV Fires Updated On Thu, Jun 30th, 2022 by Saurenergy The batteries fitted into electric two-wheelers catching fire were faultily designed and lacked even the basic safety mechanisms. The expert panel formed by the government to investigate the accidents has called upon the manufacturers for corrective mechanisms or face legal action otherwise. According to a member of the panel, the battery management system seriously compromised […] Read more
Battery Related Fires Singe Sale of E Scooters In May Updated On Thu, Jun 2nd, 2022 by Saurenergy The surging demand for electric scooters seems to have been affected by the spate of battery fires across the country since summer started in earnest. Quality concerns have definitely come to the fore among prospective customers. While rising petrol prices have been pushing more and more people to shift to an electric scooter, the recent […] Read more
Govt Calls EV Manufacturers To Explain Recent EV fires Updated On Mon, May 23rd, 2022 by Saurenergy The Centre for Fire, Explosive and Environment Safety (CFEES), DRDO‘s lab, has blamed the EV manufacturing companies for the recent spate of fires. The report has found that recent electric scooter fires were caused by defects in their batteries, including in the designs of the battery packs and modules. Published on May 23, the report […] Read more
PLI Battery Scheme Has 10 Bidders. Reliance, L&T, Amara Raja Bid Updated On Mon, Jan 17th, 2022 by Saurenergy Bids from 10 companies have been received for the government’s PLI Battery scheme, or ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. Seen as a key initiative to ensure 50 GWh of ACC battery storage manufacturing capacity in the country. The Rs 18, 400 Lucas-TVS, Exide Indcrore production-linked incentive (PLI) scheme for advanced chemistry […] Read more
BSES and Ola Electric Mobility to set up EV Battery Swapping Stations Updated On Tue, Nov 26th, 2019 by Saurenergy BSES will set up EV battery swapping stations in New Delhi for two and three-wheelers in collaboration with Ola Electric Mobility. Delhi-based power Discoms BSES Yamuna Power Limited (BYPL) and BSES Rajdhani (BRPL) have announced that they will set up EV battery swapping stations in New Delhi for two and three-wheelers in collaboration with Ola […] Read more
