EV Startup Matter Invests in EV market, Aiming $1 billion Turnover by 2025 Updated On Mon, Feb 22nd, 2021 by Saurenergy Gujrat based EV and energy storage technology startup, Matter expects to achieve a turnover of USD 1 billion (over Rs 7,250 crores) by 2025, a top company official stated. The company has invested USD 3 million (over Rs 20 crores) so far. Matter will be launching its lithium-ion batteries for solar and renewable management by […] Read more
Hyundai Signs MoU for EV Battery Leasing Business, Strengthening EV Ecosystem Updated On Sat, Feb 20th, 2021 by Saurenergy South Korean automaker Hyundai Motor Company announced that it has signed a memorandum of understanding (MOU) with the South Korean government as well as logistics, battery, and mobility companies to demonstrate the electric vehicle (EV) battery leasing business. The MoU constitutes an agreement through which, Hyundai aims to foster an EV ecosystem by alleviating the […] Read more
Plus Power to Build Two Mega Battery Power Plants in New England Updated On Tue, Feb 16th, 2021 by Saurenergy Battery storage system provider, San Fransisco based Plus Power has won the two biggest bids in the latest capacity auction held by the New England’s International Organization for Standardization (ISO). England ISO operates the transmission grid and competitive power markets in six Northeastern states. Plus Power focuses on standalone battery energy storage systems that foster […] Read more
Ather Energy Announces Investment of Rs 635 Crore Over Next 5 Years Updated On Mon, Feb 15th, 2021 by Saurenergy Electric two-wheeler (E2W) manufacturer, Ather Energy has announced that the company is going to make an investment worth Rs 635 Crores over the next five years to scale up the production in its EV manufacturing facility in Hosur, Tamil Nadu. The company has recently begun operations from its mega-factory in Hosur, Tamil Nadu from 2nd […] Read more
Vegas-based Barrel Energy Signs MoU for Lithium Battery Production in India Updated On Fri, Feb 12th, 2021 by Saurenergy Las Vegas-based Barrel Energy has signed an MoU to partner with Roshan Energy for Lithium Battery development and production in India and NA. Las Vegas-based Barrel Energy, an energy and minerals sector player, has announced that it has signed a Memorandum of Understanding (MoU) to enter a partnership with Roshan Energy Technologies, located in Hyderabad, […] Read more
The 2021 Roadmap For Solar Updated On Thu, Feb 11th, 2021 by Saurenergy With Budget 2021 finally behind us, India’s renewable energy sector, particularly solar has to reckon with a new reality finally. The renewable energy sector, especially solar, will have the government’s ear, but don’t expect any major moves anytime soon, as the government grapples with broader issues across the economy. Solar at least has the comfort […] Read more
Renewance Receives Battery Recycling Prize from the US Department of Energy Updated On Thu, Feb 4th, 2021 by Saurenergy Illinois-based battery-lifecycle management company Renewance has been awarded for innovations in battery collection, reuse, and recycling. Battery-lifecycle management company Renewance, Inc., was one of seven recipients of the Phase II Lithium-Ion Battery Recycling Prize, awarded by the U.S. Department of Energy (DOE), on December 17, 2020. The Battery Recycling Prize supports the DOE’s Energy Storage Grand Challenge, […] Read more
Earth Energy EV Uncovers Three new Indigenous Electric Two Wheelers Updated On Thu, Feb 4th, 2021 by Saurenergy Mumbai based automotive startup, Earth Energy EV has launched its three all-new electric two-wheelers (E2Ws) Glyde+ scooter, and two motorcycles; Evolve R & Evolve Z, for Rs 92,000, Rs 1.30 lakh, and Rs 1.42 lakh, respectively. The company announced them as the on-road prices of the E2Ws that are absolutely indigenous. However, the Glyde+ e-scooter […] Read more
The Transition to EVs in India Will Require Rs 19.7 Lakh Crore Investment: Report Updated On Tue, Feb 2nd, 2021 by Saurenergy The transition to EVs in India will require a cumulative investment of Rs 19.7 lakh crore in EVs, charging infrastructure, & batteries by 2030 A new report by NITI Aayog and Rocky Mountain Institute (RMI) has found that the transition to electric vehicles (EVs) in India will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in EVs, […] Read more
