Battery Smart, India’s largest and fastest-growing battery swapping network for electric two- and three-wheelers, today announced it has raised $65 million in a Series B funding round led by LeapFrog Investments, the pioneering profit with purpose firm. The equity round consisted of a mix of primary and secondary investments and saw participation from new and […]
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Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced the immediate availability of its battery swapping ecosystem and Smartscooters in India. The company also unveiled its first India-made Smartscooter, the CrossOver GX250. Initially available to B2B customers in Delhi and Goa, the company plans […]
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In an exclusive interview, N. Balasubramanian spoke to Randy Tan, Product Portfolio Director (Energy, Interconnect) at Interplex, to learn about the company’s presence in India, its products, future ideas, safety features in electric vehicles, market infrastructure, and other issues. Can you give a brief background about Interplex and its presence in the Indian market? Since […]
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Amara Raja Batteries Limited (ARBL), one of India’s leading industrial and automotive battery majors, today held the foundation stone laying ceremony of Amara Raja advanced energy research & innovation centre called ‘E Positive Energy Labs’ at the GMR Aerocity near Hyderabad airport. The event was graced by Shri. K. T. Rama Rao, Honourable Minister for Municipal Administration […]
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Amara Raja Batteries Limited (ARBL), one of India’s leading industrial and automotive battery majors (BSE: 500008 and NSE Code: AMARAJABAT), today held a grand groundbreaking ceremony for Telangana’s first gigafactory in Mahbubnagar district. The event was graced by Shri. K. T. Rama Rao, Honourable Minister for Municipal Administration and Urban Development; Industries and Commerce and […]
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“Indigenous EV battery manufacturing, will increase local EV adoption and make India a large export hub in the world. However, the nation needs to invest over $10 billion to boost cell manufacturing and raw material refining, just to serve the local demand of Li-ion batteries by 2030, and to create 1 million new jobs,” says […]
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The battery manufacturing segment remains a critical cog in the overall EV ecosystem development and is garnering a lot of attention. Spurred by Government support in the form of subsidies, enhanced awareness and increasing product launches, the electric vehicle (EV) segment saw a significant upturn in prospects in FY2022. EV penetration across automotive segments is […]
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President Biden has set a goal of having electric vehicles make up half of U.S. vehicle sales by 2030. In an effort to decrease the United States’ reliance on overseas producers, the Biden administration plans to make $3 billion from the $555 billion infrastructure law available to companies working to boost U.S. manufacturing of EV […]
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BorgWarner Inc. (NYSE: BWA) today announced that it has completed its acquisition of AKASOL AG. The combination of BorgWarner and AKASOL is expected to significantly strengthen the company’s commercial vehicle and industrial electrification capabilities, which positions the company to capitalize on what it believes to be a fast-growing battery systems market. “We are pleased to […]
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Amara Raja Batteries Limited was the anchor investor in this funding round, making an investment of $5 Million Besides, Log 9 has raised another $3.5 Million from multiple existing and new investors Log 9 Materials, a Bengaluru-headquartered advanced battery-tech and deep-tech start-up, is proud to announce an equity partnership and collaboration with Amara Raja Batteries […]
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