Ingeteam Announces 1 GW Wind Output From India Plant Updated On Wed, Nov 6th, 2019 by Saurenergy At least one firm seems happy with their time in India so far. Spanish electrical conversion and turbine control equipment supplier Ingeteam has announced the completion of 1GW of output within the first year of operations at its production facility in India. The firm, which set up its plant near Chennai in Tamil Nadu, had […] Read more
Bengaluru-Based Log 9 Materials Raises $3.5 mn in Series A Round Updated On Thu, Oct 31st, 2019 by Saurenergy Log 9 Materials has secured USD 3.5 million in Series A funding, led by Sequoia India and Exfinity Venture Partners. Bengaluru-based startup Log 9 Materials has announced that it has secured USD 3.5 million in funding as a part of its Series A round, led by Sequoia India’s scale up programme Surge and Exfinity Venture […] Read more
Indigenisation of EV Manufacturing Could be Worth $2.7 bn for India: CEEW Updated On Thu, Oct 24th, 2019 by Saurenergy Indigenisation of electric powertrain components and battery pack assembly could produce a value addition USD 2.7 billion for the auto industry in India, in case of an EV transition Indigenisation of electric powertrain components and battery pack assembly could produce a 5.7 percent higher output value addition worth USD 2.7 billion for the auto industry […] Read more
Spain’s Ingeteam Secures R&D Loan from EIB Updated On Fri, Oct 18th, 2019 by Saurenergy EIB will finance Ingeteam’s innovative activities by providing a EUR 70 million Innovation Loan under the Investment Plan for Europe. The European Investment Bank (EIB) will finance the innovative activities at Ingeteam by providing a EUR 70 million Innovation Loan under the Investment Plan for Europe. The goal of the agreement is to support Ingeteam’s research, development […] Read more
Ratan Tata to Invest in Pune-Based EV Startup Tork Motors Updated On Tue, Oct 15th, 2019 by Saurenergy Ratan Tata will invest an undisclosed amount in Pune-based EV startup Tork Motors Ratan Tata, chairman emeritus Tata Sons and an active angel investor has decided to invest an undisclosed amount in Pune-based electric motorcycle startup Tork Motors, the startup announced through its channels recently. ev The firm has been readying for the launch of […] Read more
EESL, BSNL to Install 100 Public EV Charging Stations in Punjab Updated On Fri, Oct 11th, 2019 by Saurenergy EESL has signed an MoU with BSNL (Punjab Telecom Circle) to install 100 public EV charging stations to boost e-mobility in Punjab. Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under the Ministry of Power, Government of India, has signed a Memorandum of Understanding (MoU) with BSNL (Punjab Telecom […] Read more
SmartE Inaugurates 2 new EV Charging Hubs in Delhi Updated On Sat, Oct 5th, 2019 by Saurenergy SmartE has successfully commissioned two new EV charging hubs in Delhi-NCR at the Rajouri Garden and Uttam Nagar Metro Stations. Delhi-based electric mobility service provider SmartE has announced that it has successfully commissioned two new electric vehicle (EV) charging hubs in Delhi-NCR at the Rajouri Garden and Uttam Nagar Metro Stations. The company announced that […] Read more
Urja Global to Raise $500 mn for Financing EVs and Green Projects Updated On Fri, Oct 4th, 2019 by Saurenergy Urja Global has received approval from its shareholders for the issuance of a USD 500 million green bonds to finance EVs and green projects Renewable energy firm Urja Global has recently revealed that it has received approval from its shareholders for the issuance of a USD 500 million (Rs 3,500 crore) green bond to finance […] Read more
India Could Become the Largest EV Market in the World: Report Updated On Thu, Oct 3rd, 2019 by Saurenergy A new report has revealed that India has the potential to become one of the largest EV markets in the world A new report has revealed that, India has the potential to become one of the largest electric vehicles (EV) markets in the world, with the government pushing for the segment in order to curb […] Read more
