Kinetic Green’s Losses Spurt 11X in FY24 As Revenue Dips 3% Updated On Thu, Feb 27th, 2025 by Saurenergy Electric vehicle manufacturer Kinetic Green faced significant financial strain in FY24, with losses increasing 11X due to rising expenses in advertising and employee benefits. Meanwhile, the Greater Pacific Capital-backed company’s revenue declined by 3% year-on-year. Kinetic Green’s revenue from operations decreased to Rs 291 crore in FY24 from Rs 301 crore in FY23, its consolidated […] Read more
Delta Flaunts EV Chargers, Green Solutions At Elecrama Updated On Tue, Feb 25th, 2025 by Saurenergy A power management and green energy solutions company Delta is now flaunting its Electric Vehicle (EV) sharing solutions and other green energy solutions at the ongoing Elecrama. Across the Delta booth, visitors will engage on a journey with a live demonstration of intelligent infrastructure across Industrial Automation, EV Charging, Smart Building Automation Solutions, Data Centers, […] Read more
SECI, MP Govt To Build 200 MW Dhar Solar Project With 1000 MWh BESS Updated On Tue, Feb 25th, 2025 by Saurenergy Solar Energy Corporation of India Limited (SECI), a Navratna CPSU under the Ministry of New & Renewable Energy, signed a Memorandum of Understanding (MoU) with the Madhya Pradesh government for a 200 MW solar project in Dhar. This project is part of the CPSU Scheme and a 1,000 MWh Battery Energy Storage System (BESS) project […] Read more
Brazil’s Solar Growth Soars, Eyes 200 GW by 2050 Updated On Fri, Feb 21st, 2025 by Saurenergy Brazil needs to rapidly scale its decarbonization efforts to become a net-zero economy by 2050, according to New Energy Outlook: Brazil, released by BloombergNEF (BNEF). The report builds on the results of BNEF’s flagship New Energy Outlook 2024 and examines Brazil’s decarbonization trajectory using bottom-up modeling across the power, transport, industry, and buildings sectors through […] Read more
Only 30-40% of EV Supply Chain Localized: ICRA Updated On Thu, Feb 20th, 2025 by Saurenergy Investment Information and Credit Rating Agency, ICRA found that at present, only 30-40% of the EV supply chain is localized. There has been substantial localization in traction motors, control units, and battery management systems over the years, while battery cells, which constitute 35-40% of a vehicle’s cost, are still entirely imported. The relatively low localization […] Read more
JBM Ecolife-Wins Contract From CESL To Supply 1021 E-buses Updated On Thu, Feb 20th, 2025 by Saurenergy JBM Ecolife Mobility Private Limited, a JBM Auto subsidiary, was awarded the tender for the end-to-end execution of 1,021 Electric Buses and the development of allied electric and civil Infrastructure on Gross Cost Contracting [GCC] under the PM-eBus Sewa Scheme (Tender-II). JBM said in a regulatory filing, “The project will be supported by a Payment […] Read more
Madhya Pradesh Allocates Rs. 2 Crore For EV R&D Promotion Updated On Wed, Feb 19th, 2025 by Saurenergy Soon after releasing its draft electric vehicle (EV) policy, the Madhya Pradesh (MP) cabinet has now approved the “Electric Vehicle Policy-2025.” This cabinet approved this policy under the chairmanship of Chief Minister (CM) Yadav. The Cabinet approved the policy to make electric vehicles the primary mode of transportation for the general public in the future. […] Read more
Matel, Honda Power Pack Partner To Bring Swappable EV Batteries Updated On Wed, Feb 19th, 2025 by Saurenergy Matel Motion & Energy Solutions Pvt. Ltd. (Matel) has entered into a strategic partnership with Honda Power Pack Energy India Pvt. Ltd. (HEID) to integrate its ePowertrain with HEID’s swappable battery solution. This collaboration aims to provide electric vehicle (EV) manufacturers with swappable battery solutions. Range limitations and lengthy charging time remain key challenges for […] Read more
Karnataka Clean Mobility Policy 2025-30 Aims To Attract ₹50,000 Cr Updated On Tue, Feb 18th, 2025 by Saurenergy Karnataka’s Commerce and Industries Department has released the Karnataka Clean Mobility Policy 2025-30 to attract ₹50,000 crore in investments across the entire clean mobility vehicle value chain. The policy aims to generate approximately 100,000 new jobs during the policy period. It further states that Karnataka’s policy and the package of incentives and concessions will come […] Read more
