Both entities plan to explore their partnership in EV charging technology consultancy, research, and academic exchange. The MoU includes areas of cooperation like embedded systems, power electronics, and integrating machine learning and AI

IIT Kanpur and Zynetic join hands to develop next-gen EV charging technology

Home

News

The Indian Institute of Technology Kanpur (IITK) and&nbsp; Zynetic Electric Vehicles Charging Private Limited have entered into a Memorandum of Understanding (MoU) to push the innovation and establishment of advanced AC and DC fast EV chargers.&nbsp; Zynetic, a company involved in the operation, development, and management of EV charging stations is reported to have a strong foothold in designing high-performance and sustainable charging solutions, Autocar reported. Both entities plan to explore their partnership in EV charging technology consultancy, research, and academic exchange. The MoU includes areas of cooperation like embedded systems, power electronics, and integrating machine learning and artificial intelligence for predictive maintenance, the report added.&nbsp; The partnership aims to create reliable and effective next-generation EV chargers to satisfy the demands of India's expanding EV market by fusing Zynetic's industrial experience with IIT Kanpur's research capabilities. Citing Prof. Manindra Agrawal, Director of IIT Kanpur, Autocar reported, “Our partnership with Zynetic exemplifies how academia and industry can work together to enhance EV infrastructure and support India’s environmental goals. Meeting the government’s goal of 30% EV adoption for new private vehicle registrations by 2030 will require a broad charging network. This collaboration allows IIT Kanpur to contribute to India’s energy objectives and promote sustainable practices.” Meanwhile, Harshvardhan Tiwari, CEO and founder of Zynetic Electric Vehicles Charging, stated, “Partnering with IIT Kanpur aligns with our goal of promoting sustainable transportation in India. This collaboration supports our efforts to develop innovative EV charging solutions,” the report further stated.&nbsp;

IIT Kanpur and Zynetic join hands

Prashant

Revfin, an EV finance giant, has acquired 15,000 vehicles working on the SUN Mobility platform.&nbsp;The ₹100 crore acquisition comes as a significant step for Revfin’s mission to increase&nbsp; EV adoption and expand its fleet operation throughout the nation. The statement, jointly made by Sameer Aggarwal, Founder &amp; CEO of Revfin, and Anant Badjatya, CEO of SUN Mobility, underlines the two firms' combined efforts to accelerate India's transition to electric transportation. This update would dramatically expand Revfin's operations in India, notably in the fleet sector. Revfin intends to improve its position in the EV fleet market by merging SUN Mobility's vehicle portfolio, with a particular emphasis on last-mile mobility and two-wheeler EVs. In addition to these vehicles, its portfolio will allow the business to double its two-wheeler fleet, solidifying its market leadership. From key partnerships with major fleet operators like Shadowfax, Log9, Evera, and Shoffr, Revfin has already become a major player in the Indian EV market. In the last six months alone, the company has financed a total of 65,000 vehicles with loans amounting to ₹900 crores. The acquisition will further trigger the rapid growth path that Revfin is on, putting greater focus on making access to EVs easier for more people. The update will position Revfin to extend its footprint in the rapidly developing Indian EV sector. With the demand for electric mobility going up, such collaborations will prove very crucial in helping India transition toward a greener, cleaner transportation system.

The ₹100 crore acquisition comes as a significant step for Revfin’s mission to increase  EV adoption and expand its fleet operation throughout the nation.

Revfin acquires 15,000 vehicles

Revfin acquires 15,000 vehicles on SUN Mobility’s platform

Faster adoption and manufacturing of electric vehicles (FAME), the government's premier electric vehicle incentive program spearheaded by Prime Minister Narendra Modi, is getting ready for its third iteration, which would come with a hefty budget of almost Rs 10,000 crore.&nbsp;The plan is anticipated to be implemented within the first 100 days of the new government's administration taking office next month, per a story published in The Economic Times. Financial incentives would be provided by FAME-III to encourage the acquisition of government-owned buses and electric two- and three-wheelers. It is still up for debate, though, whether or not to expand the incentives to include electric vehicles, even those purchased by institutional purchasers like taxi aggregators. The FAME-III program is intended to take over from FAME-II, which came to an end in March 2024. Soon after the new administration takes office in June, it will be brought to the Union Cabinet for approval. A fifteen percent subsidy was offered on the selling price of electric scooters under FAME-II. The electric mobility promotion scheme (EMPS), which was implemented as a stopgap measure when FAME-II concluded on March 31, will carry on the work started by FAME-III With a total budget of Rs 500 crore, EMPS intends to bridge the gap until the new program is implemented by supporting the sales of electric two- and three-wheelers through July. The government offers incentives under EMPS of up to Rs 10,000 for electric two-wheelers, which is less than Rs 22,500 under FAME-II, and up to Rs 50,000 for electric three-wheelers, which is less than Rs 111,505 for each one. An incentive of Rs 5,000 per kilowatt-hour (kWh) is given to both categories. The goal of EMPS was to assist in the sale of 372,215 electric vehicles, comprising 38,828 three-wheelers and 333,387 two-wheelers. Only vehicles with cutting-edge batteries are eligible for incentive benefits, which encourage the adoption of new technology. The FAME initiative, which was first introduced to stimulate local production and sales of electric vehicles through consumer demand incentives, is about to enter its third iteration. Companies hoping to receive incentives for electric vehicle sales will have to go through a new certification process in light of the upcoming launch of FAME-III, while the government gets ready to create revised regulations. Initially, FAME-III is anticipated to have a two-year validity period for sales, as opposed to FAME-II's five-year validity. The government has provided incentives for the acquisition of 7,000 electric buses through FAME-II. This figure is anticipated to rise under the new plan, which would provide State Transport Undertakings (STUs) greater subsidies for electric buses they buy. Subsidies for electric cars, including those used for business, may not be included in FAME-III. The new plan involves providing incentives, such to those under FAME-II, for electric cars priced below Rs 15 lakh. If passenger automobiles are part of the program, hybrid cars may also be supported as long as they stay under the price cap. It's still up for debate whether or not electric cars will be included.

 Companies hoping to receive incentives for electric vehicle sales will have to go through a new certification process in light of the upcoming launch of FAME-III, while the government gets ready to create revised regulations.

Government to launch FAME-3 subsidy scheme

Government to launch FAME-3 subsidy scheme: Plans to allocate Rs.10,000 Cr

Prashant Sha

The first Electric Vehicle (EV) Charging Station of the National Capital Region Transport Corporation (NCRTC) has been operationalized at the Sahibabad RRTS station in Ghaziabad, according to a statement released on Sunday. According to the statement, the recently opened EV charging station is located at gate number 1 of the Sahibabad Regional Rapid Transit System (RRTS) station and features a wide range of charging units suitable for different types of electric vehicles. The statement said that this move is one of several being taken to ensure last-mile connection and that customers would be able to use the rapid charging station to power their four-wheelers in only one hour. The statement also said they could charge their two-wheelers in one and a half hours and their four-wheelers in three hours using the station's sluggish charging capability.Additionally, the same mobile application will allow users to conveniently pay for the power they use on a unit-by-unit basis, with the extra flexibility of online payment alternatives, the statement said. Other running RRTS stations, such as Ghaziabad, Guldhar, Duhai, Duhai Depot, Murad Nagar, Modi Nagar South, and Modi Nagar North, would soon have access to EV charging stations, the announcement read. Since the beginning of the first regional rail project execution in India, NCRTC has worked to reduce its environmental impact. In March 2021, NCRTC also approved a solar policy as part of its dedication to the national solar mission and the advancement of clean and sustainable energy sources. It also said that NCRTC's objective for the next five years is to enhance the proportion of renewable energy by producing about 11 MW of peak internal solar power on the rooftops of stations, depots, and other structures for non-traction uses.

The recently opened EV charging station is located at gate number 1 of the Sahibabad Regional Rapid Transit System (RRTS) station and features a wide range of charging units suitable for different types of electric vehicles.

Sahibabad RRTS welcomes NCRTC’s 1st EV charging station

<a href="https://evindia.online/company/ather-energy" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather Energy</a>, a manufacturer of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a>, reported consolidated operational income of Rs 1,784 crore for the fiscal year 2023, an increase of about 337 per cent, even as its losses increased by almost 150 per cent to Rs 864 crore. According to financial information received by the business intelligence platform Tofler, Ather Energy's losses resulted from a 260 per cent increase in its overall costs during FY23, which reached almost Rs 2,611 crore. Operating costs at Ather increased by 270 per cent to Rs 2,498 crore in FY23. This follows a Reuters story that said <a href="https://evindia.online/company/ola-electric" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Ola Electric</a>, a direct rival of Ather, had an FY23 operational loss of Rs 1,119 crore ($136 million) on revenues of Rs 2,740 crore ($335 million). According to a statement from the firm, Ather sold 92,005 <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric scooters</a> in FY23 as opposed to 23,441 units the year before. The firm increased its footprint by opening a second greenfield factory to assemble and test vehicles in the same logistics park as the current plant in Krishnagiri, Tamil Nadu, throughout the year. "With this addition, the established production capacity has grown to 4.2 Lakh vehicles from a previous capacity of 1.2 Lakh vehicles per annum," the statement read. The company wants to expand into Tier-2 and Tier-3 markets and extend its presence in the North, East, and West areas. In order to gain market share, Ather "...aims to increase its network reach through retail partners in Tier-2 and Tier-3 markets with a focus on adding more experience centres in new cities," according to the paper. Through a rights offer, Ather Energy received Rs 900 crore in September from its current backers Hero MotoCorp and GIC. The most recent financing is an expansion of the $128 million Series E round, which was announced in May 2022 and was led in May of this year by the Strategic Opportunities Fund (SOF) of National Investment and Infrastructure Fund Ltd., Hero MotoCorp, and other investors. Ather Energy raised Rs 400.6 crore ($50 million) in October 2022, with the help of current investor Caladium Investment.

Ather sold 92,005 electric scooters in FY23 as opposed to 23,441 units the year before. The firm opened a second greenfield factory to assemble and test vehicles in the same logistics park as the current plant in Krishnagiri.

Ather faces loss of 150%

Ather faces loss of 150%: Operating revenue gallops 337%

In preparation for the introduction of 10 new battery-<a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a> by 2026, T<a href="https://evindia.online/company/tata-motors" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">ata Passenger Electric Mobility</a> debuted a new corporate identity on Tuesday under the name TATA.ev. Customers want a distinctive experience across all touchpoints, from the brand to the vehicle and its ownership cycle, according to a statement from Tata Passenger Electric Mobility, a division of Tata Motors, as the EV offering expands as a result of soaring consumer demand and a strong, growing product selection. “We are entering a new era with TATA.ev,” stated Mr Vivek Srivatsa, Head of Marketing, Sales, and Service Strategy at Tata Passenger Electric Mobility Ltd. “Our dedication to accelerating the adoption of clean energy mobility solutions is highlighted by our new brand identity for electric cars. Our goal is to influence the automobile sector for the better while putting a strong emphasis on technology, community, and sustainability. The goal of both the goods and the services is to give consumers engaging and highly distinctive experiences”. The brand has a humanistic, sincere, energising, and conversational attitude that serves as a rallying point for those who are interested in making a positive difference in the world. The new "sub-brand" will include a fresh design language and message on the items themselves as well as moving forward across other touchpoints.&nbsp; The manufacturer plans to achieve a good shift in the automobile industry with a focus on sustainability, community, and technology and a market share of over 70% in the <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">four-wheeler</a> EV class, he added. A subsidiary of Tata Motors with TPG Rise Climate as an investor, Tata Passenger Electric Mobility Ltd., plans to invest $2 billion by 2026 to launch ten new electric vehicles, develop advanced automotive and battery technologies, support domestic production of key components, and build a dedicated BEV architecture. In order to assist swift EV adoption in India, it also aims to accelerate the development of significant charging infrastructure as well as other infrastructure expansions. By 2030, Tata Motors anticipates that sales of its passenger vehicles will be composed primarily of electric vehicles. This year, the company hopes to sell about 1 lakh EVs. The Nexon EV line, Tiago EV, Tigor EV, and XPRES-T EV make up the company's current lineup of electric vehicles.

The new "sub-brand" will include a fresh design language and message on the items themselves as well as moving forward across other touchpoints. 

Tata Motors releases Tata.ev

Tata Motors releases Tata.ev, its all-new passenger electric vehicles

The <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> version of the CURVV series from <a href="https://evindia.online/product/tata-motors-tigor-ev-xe" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Tata Motors</a> will be on sale first in Q1 FY24, with the ICE model following shortly after. The business wants to get the first-mover advantage in the Coupe SUV market as its main competition, CRETA EV, has no estimated debut date and Elevate EV, the only other verified rival, won't be available until 2026. Although the CURVV EV will cost more than its ICE equivalent, the price premium will be justified by its unique characteristics. Despite these differences, both editions will have the same layout, materials, and level of quality. Due to its substantially cheaper pricing than the EV variant, the ICE CURVV will provide a compelling value proposition. As per the report, the vehicle production is about to start. The EV and ICE variants of CURVV will start to be produced soon. The price differential between the two models should be comparable to that of the Nexon variants, with the Nexon EV Prime beginning at Rs. 16.49 lakh for the entry-level petrol MT and just under Rs. 8 lacks for the Nexon EV Prime (both prices, ex-showroom). This unveiling will undoubtedly generate a lot of buzz in the Indian car industry.

The CURVV EV will cost more than its ICE equivalent, the price premium will be justified by its unique characteristics. Despite these differences, both editions will have the same layout, materials, and level of quality.

Tata releases timeline for CURVV's EV 

Tata Motors releases estimated timeline for CURVV's EV 

Even though India now has the largest <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">two-wheeler</a> market, our nation is not well-known for being in the forefront of rider safety. Our highways frequently see riders without helmets, therefore <a href="https://olaelectric.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Ola Electric</a> is developing a helmet detecting system for its electric two-wheelers in an effort to address this.&nbsp; The all-new helmet detection system for Ola uses a camera to assess whether or not the rider is wearing a helmet. After communicating this information to the Vehicle Control Unit (VCU), which is comparable to an ECU in an ICE automobile, the Motor Control Unit then determines whether or not the vehicle will change into Ride mode. When the user is not wearing a helmet and the vehicle is in Ride mode, the EV will automatically convert to Park mode. A warning to wear a helmet will be shown on the dash once the car is in park mode. The VCU won't let the electric scooter or bike go into riding mode and won't stop watching the rider until it can determine if the user is wearing a helmet.&nbsp;&nbsp; While TVS recently revealed that it was developing a camera-based helmet reminder system, Ola's technology goes a step further by preventing the vehicle from operating if the user is not wearing a helmet. In the instance of TVS, the rider just sees a warning message, and the car hasn't been mentioned as being locked in Park mode.

When the user is not wearing a helmet and the vehicle is in Ride mode, the EV will automatically convert to Park mode

The helmet detection system will use a camera to assess whether the rider is wearing a helmet

Ola plans to launch helmet detection tech for e-bikes and scooters

PMV Eas-E a newly launched mini electric car for all your daily driving needs with a comfort of car with a flexibility and size of a 2-wheeler. PMV Electric launched Eas-E at price of Rs.  4.98 Lkhs

EAS-E: The Mini Car

Ashendra

Both entities plan to explore their partnership in EV charging technology consultancy, research, and academic exchange. The MoU includes areas of cooperation like embedded systems, power electronics, and integrating machine learning and AI  | EV Marketplace

Home

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

Home

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

IIT Kanpur and Zynetic join hands to develop next-gen EV charging technology

Home

E- Vehicles

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

E- Vehicles

IIT Kanpur and Zynetic join hands to develop next-gen EV charging technology

Like these kind articles? Help us by contributing yours!