MG Motors, BatX Partner For Off-grid Solar-EV Charging Stations Updated On Thu, Feb 8th, 2024 by Saurenergy MG Motor India has announced its collaboration with Lithium-ion battery recycling firm BatX Energies for India’s first-ever off-grid, solar-EV charging station powered by repurposed MG EV batteries, marking a significant advancement in sustainable mobility. The product was inaugurated by Professor Ajay Sood, Principal Scientific Advisor to the Union government, in an event organized on the […] Read more
Trina Storage To Deliver 190MWh Storage To UK Solar Sites Updated On Thu, Feb 8th, 2024 by Saurenergy Trina Storage, a business unit of Trina Solar, has secured a deal to provide battery energy storage systems (BESS) for four UK solar power project sites operated by global Independent Power Producer Low Carbon. Trina Solar said that the systems will deliver approximately 190 MWh of total storage capacity. This would bring new arbitrage and […] Read more
Toyota Brings Battery Electric Vehicle Production To Kentucky Updated On Thu, Feb 8th, 2024 by Saurenergy Toyota announced a $1.3 billion investment at its Kentucky facility for future electrification efforts including assembly of an all-new, three row battery electric Sport Utility Vehicle (SUV) for the United States (US) market. The project brought the plant’s total investment to nearly $10 billion and reinforced Toyota’s commitment to high-quality vehicles and long-term job stability. […] Read more
IFC, SIMA Invest $150 mn In Green Bonds For Solar Projects In Africa Updated On Thu, Feb 8th, 2024 by Saurenergy International Financial Corporation (IFC), a member of the World Bank Group (WBG), in partnership with Social Investment Managers and Advisors LLC (SIMA Funds or SIMA) and other financiers, has reached the first close of a $150 million solar green bond, which expected to finance productive-use solar projects throughout Africa. The bond is expected to finance […] Read more
Solar Finance Startup Metafin Gets $5 Million Funding Updated On Thu, Feb 8th, 2024 by Saurenergy Metafin, a leading cleantech-focused NBFC, has successfully raised $5 million in equity funding, led by Prime Venture Partners and Varanium Capital. This investment backs Metafin’s approach to accelerating rooftop solar adoption and financing in rural India. Metafin plans to utilize funds to expand across states, grow its loan book, enhance its technology and IoT stack, […] Read more
Yuma Energy Completes 10 Million Battery Swaps Within A Year Updated On Wed, Feb 7th, 2024 by Saurenergy Bengaluru-based Yuma Energy has developed over 125 battery swapping stations across 5 major metros and averaged 800,000 swaps every month. Battery-as-a-service (BaaS) company, Yuma Energy, a joint venture between Magna and Yulu, has announced, the completion of 10 million lifetime battery swaps in its first year of operations. The company began operations in February 2023 […] Read more
EV Start-Ups River And OTO Raise $40 Million & $10 Million Respectively Updated On Wed, Feb 7th, 2024 by Saurenergy As the electric vehicle industry in India is finding ways to steady rise, the start-ups in the EV ecosystem are strengthening the supply chain and expanding by garnering fresh funds. In fresh developments, EV maker River and EV finance firm OTO have raised $40 million and $10 million to further their businesses River Secures $40 […] Read more
Hindalco Inds Contracts For Renewable Energy From 100 MW Ayana Renewable Project Updated On Tue, Feb 6th, 2024 by Saurenergy Hindalco Industries Limited an Indian aluminum and copper manufacturing company, and a subsidiary of the Aditya Birla Group acquired 26% stake in Ayana Renewable Power (ARPFPL) a renewable energy company. The stake hold is a mandatory requirement when a firm contracts with an IPP for captive power requirements from a dedicated project. IPPs incorporate special […] Read more
Omega Seiki, Attero Partner For Recycling 100 Mwh Of Battery In 4 Years Updated On Tue, Feb 6th, 2024 by Saurenergy EV player Omega Seiki Private Limited (OSPL) and Attero, a distinguished leader in e-waste management and lithium-ion battery recycling, have signed an MoU that marks a significant leap for the electric vehicle sector and lithium-ion battery recycling. The players have called it a landmark move for both the electric vehicle (EV) sector and e-waste management. […] Read more
