With Mufin’s masters in climate financing and LoanTap’s masters in consumer finance, the collaboration is expected to work for the development of the EV ecosystem by providing loans for electric automobiles

LoanTap join hands with Mufin Green Finance team to provide EV loans in India

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LoanTap Financial Technologies Private Limited join hands with Mufin Green Finance Limited to proliferate the growth of <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">e-two-wheeler</a> financing in the Indian market to push the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ev</a> adoption rate in the nation.&nbsp; The platform of LoanTap’s I-Loan has been providing pocket-friendly financing for e-2-wheelers. With Mufin’s masters in climate financing and LoanTap’s masters in consumer finance, the collaboration is expected to work for the development of the EV ecosystem by providing loans for electric automobiles, swappable batteries, and charging infrastructure. Commenting on the partnership, the CEO of I-loan Credit Private Limited, Mr Rajeev Das, stated, “By facilitating easier access to capital, we can serve a larger customer base and hasten India's adoption of electric vehicles, all the while promoting financial inclusion.” Managing Director of Mufin Freen Finance Limited, Mr Kapil Garg show confronted his excitement, by stating, "Our goal is to provide consumers accessible financing choices for EV loans. We are confident in our capacity to make EV financing easier and more accessible for everyone through this cooperation.” By eradicating financial hurdles and making e-2-wheeler more pocket-friendly, Loan Tap and Mufing Green Finance are leading the market’s way for a greener, cleaner, and more prosperous tomorrow for everyone.&nbsp;

LoanTap join hands with Mufin Green Finance

Prashant

Maruti Suzuki India, the country's largest manufacturer, is seeking to establish a comprehensive ecosystem for electric vehicle buyers as it prepares to launch its first battery-powered model early next year. In addition to establishing charging infrastructure, the company will also look for other key components like having resale opportunities for such models. "We are not only going to launch the product, but we are going to provide a complete ecosystem for the customers who will be part of the electric vehicle family," citing Maruti Suzuki India (MSI) Senior Executive Officer (Marketing &amp; Sales) Partho Banerjee at the 64th SIAM annual session, rediff Moneywiz reported. He mentioned that the main concern for EV customers is the range. "Secondly, it is the EV infrastructure and thirdly it is about the residual value of the vehicle after five years," according to Banerjee. He further revealed that the company's first EV vehicle, a mid-sized SUV, will be presented at the Bharat Mobility event in January of next year. The vehicle will have a driving range of more than 500 km, he noted. On sales projections for this year's holiday season, Banerjee stated, "In festival time, we are going to see some positivity...we are very optimistic." He further remarked, "The assumption is that it would be far better than the current scenario. We will see positive results from here." When asked about increased inventory levels, Banerjee said the business made a strategic decision to adjust deliveries to dealers. "We have reduced dispatches to our dealers for a very simple reason as we want to calibrate the retails along with the wholesale so that we have a healthy network stock," he elaborated.

In addition to establishing charging infrastructure, the company will also look for other key components like having resale opportunities for such models.

Maruti to establish EV ecosystem

Maruti Suzuki all set to establish comprehensive EV ecosystem

Porsche has announced that the next Cayenne SUV will only be available in all-electric configuration. According to reports, the all-electric Cayenne is expected to go on sale in 2026. Porsche has, however, also said that the third-generation model of the Cayenne, which is now being sold, would undergo significant upgrades and be offered with both internal combustion engine and hybrid powertrains throughout the remainder of the decade.&nbsp;Reportedly, Porsche has also pledged to make its upcoming Cayenne's twin-turbo V8 in accordance with emission regulations The recently released images of the Cayenne EV prototype by Porsche show a preview of the production-spec SUV's appearance. The model will boast many EV-specific stylistic elements while maintaining a shape like that of the departing model. Prototype DRLs resembled those of the Macan EV and may find their way into the production-spec car. The Porsche Macan EV and its sibling vehicle, the Audi Q6 e-Tron, are both constructed on the Premium Platform Electric (PPE) architecture, which will support the new model. These cars come with a 100 kWh battery pack and may be purchased with either rear-wheel drive (RWD) or all-wheel drive (AWD).&nbsp; Porsche has also stated that the Cayenne prototype is now moving into the real-world testing phase. In order to verify the prototypes' dependability and durability, the prototype will be driven over extended distances in harsh topographical and climatic circumstances. According to the statement, the Porsche plant has already started testing disguised prototypes of the all-electric Cayenne.&nbsp;

Porsche has said that the third-generation model of the Cayenne, which is now being sold, would undergo significant upgrades and be offered with both ICE and hybrid powertrains throughout the remainder of the decade.

Porsche to launch Fourth-Gen Cayenne

Porsche to launch Fourth-Gen Cayenne in all-electric model

Gogoro Inc., a developer of battery-swapping solutions for <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric vehicles</a>, on Thursday, announced a collaboration with Swiggy to market its <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric smart scooters</a> to the on-demand convenience delivery platform's last-mile delivery partners throughout India.&nbsp; According to Gogoro's founder and CEO Horace Luke, the partnership between Swiggy and Gogoro would give users a simple route to adopting environmentally friendly electric vehicles and boosting their company productivity. In order to effectively convert India's urban fleets to electric, he continued, "Working together with Swiggy, an important player in the industry, to offer access to Gogoro Smart scooters and battery swapping is essential." "Our collaboration with Gogoro is an additional milestone in our commitment to creating greener and more affordable solutions for our delivery fleet," said Mihir Shah, Head of Operations at Swiggy.&nbsp; Shah said, "We look forward to working with them to transform hyperlocal deliveries so that they are more sustainable and efficient in India." Gogoro's battery swapping technology, he continued, "represents a new generation of electric refuelling that has proven successful on a mass scale for last-mile delivery."&nbsp; In 2021, Swiggy committed to using EV deliveries to go 8 lakh km daily. A <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">two-wheeler </a>battery switching system provided by the Gogoro platform, on the other hand, enables delivery operators to manage their fleets and deliveries more effectively and sustainably.

Swiggy committed to using EV deliveries to go 8 lakh km daily. A two-wheeler battery switching system provided by the Gogoro platform, enables delivery operators to manage their fleets and deliveries more effectively.

Gogoro partners with Swiggy

Gogoro partners with Swiggy: Recruits EV fleet for last-mile delivery

The manufacture of a small battery-powered automobile under development would take place in Thailand or India as part of Foxconn's venture's effort to create a standardised electric vehicle platform,&nbsp;the chief executive of the company, reported. According to Mobility in Harmony’s (MIH’s) CEO Jack Cheng in an interview with Reuters, the Taiwanese business's <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV </a>platform division would be prepared to collaborate with its parent or another business to produce the new three-seat EV priced around $20,000 and specifically designed for a corporate delivery fleet. Prior to revealing its first prototype EV at Japan's premier auto trade exhibition in October, MIH has been in negotiations with convenience stores, automobile rental agencies, and courier services, Cheng revealed. He wouldn't say which businesses were in discussions with MIH, but he did say that the automobile would cost between $10,000 and $20,000. He said that Thailand and India are plausible candidates for production locations and predicted that India will be essential to MIH's long-term growth. "You build where you anticipate the market to be...You now have a sizable volume opportunity, Cheng continued, referring to India as a possible "emerging power for the next generation" in the EV market. The possible buyers of MIH's new car or its production plan were not previously disclosed. Since 2021, Foxconn has collaborated on an EV-focused joint venture with Thailand's government-owned energy firm PTT which is a focus for the government of the Southeast Asian nation. For its part, Foxconn has thus far been unable to get a deal that would demonstrate that the EV market can be opened up to the kind of contract manufacturing that Foxconn rose to prominence in consumer electronics for Apple's iPhone. Foxconn launched the 2,600-member MIH consortium two years ago with the intention of developing an open platform that might eventually replace Google's Android operating system for electric vehicles. Although Cheng acknowledged MIH has "not seen success yet," he predicted returns for participating suppliers with orders for a variety of new EVs dubbed Project X. Corporate fleet operators will be able to buy specially designed EVs using low-cost, shared platforms. After the prototype is revealed in October, MIH expects to begin manufacturing the three-seat EV, Cheng added. In 2024 and 2025, respectively, a six-seat and a nine-seat EV are planned. In a best-case scenario, it would take MIH four years or more from its creation to its first sales, according to its schedule. However, Cheng, who co-founded the Chinese electric vehicle manufacturer NIO and oversaw Fiat's joint venture in China before joining Foxconn, claimed that Tesla's success with its sizable Shanghai facility demonstrated how rapidly an EV manufacturer could grow up. "I'm creating another Shanghai, possibly in India," Cheng said. "If this is a Foxconn plant, great, it's the mother company, and we put it in the Foxconn plant," was the response. Give it to the India factory if it is a nearby facility and is even more competitive. Foxconn, which now only makes a small number of EVs, has set a preliminary goal of capturing 5% of the worldwide market by 2025. According to Cheng, MIH's sales will contribute to Foxconn's goal.

The Taiwanese business's EV platform division would be prepared to collaborate with its parent or another business to produce the new three-seat EV specifically designed for a corporate delivery fleet

Foxconn seeks India as a market for small e-cars

Foxconn’s EV division seeks India, Thailand as a potential market for small cars

As the top tyre manufacturer prepares for the transition from internal combustion engines (ICE) to <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a>, MRF Ltd. said that it is working on new technologies to launch a variety of electric vehicle (EV) tyres. "The company will manage the challenges posed by the transition to electric and other automobiles”. In answer to inquiries from shareholders during the business's 62nd annual general meeting, KM Mammen, chairman and managing director of the company, stated that technologies are being developed and breakthroughs have been achieved to support the EV industry. He said that among other features, the EV tyres from MRF will have meagre rolling resistance, high grip, wear resistance, and noise reduction. Thanks to these characteristics in EV tyres, the business is optimistic about establishing a solid presence in the EV industry.&nbsp; Along with participating in collaborative R&amp;D projects, Mammen added that the firm was investing in R&amp;D. "Outside of capital expenditures, the corporation spends roughly Rs. 100 crore annually on R&amp;D operations. Additionally, the business conducts R&amp;D initiatives in collaboration with universities and research organisations in India and overseas," he continued. Developing innovative goods, finding substitute raw materials, and making our products ecologically friendly are the goals of the R&amp;D projects. As battery-powered vehicles will need distinct features, including lower rolling resistance, Indian tyre firms have been concentrating on R&amp;D to produce a new variety of tyres for electric vehicles. According to research by Crisil, the tyre industry's R&amp;D spending would more than double to $151 million from $64 million, having increased thrice over the previous five fiscal years. Cost, range ambiguity, and battery safety concerns are the main barriers to EV adoption, but consumer enthusiasm is growing. Despite difficulties, the market for electric vehicles is anticipated to develop steadily as sales of EVs are anticipated to increase by 25% in this calendar year, providing a ray of hope in an otherwise difficult sector. The top three producers of tyres for <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">two-wheelers</a> in the nation are MRF, <a href="https://evindia.online/company/tvs" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">TVS</a> Srichakra, and Ceat. Both TVS Srichakra and Ceat have previously introduced a selection of tyres for electric two-wheelers, with TVS Srichakra holding the most E2W OEM certifications. Additionally, MRF has created a tubeless tyre for electric scooters. Regarding capacity utilisation, Mammen claimed there was an opportunity for the business to develop. The replacement market, OEM supplies, and institutional sales account for around 92% of the company's 23,261 crores (consolidated revenue), with the replacement sector accounting for a sizeable portion. Exports account for the remaining 8%.

Among other features, the EV tyres from MRF will have meagre rolling resistance, high grip, wear resistance, and noise reduction

MRF look forwards to gaining hold in EV tyre market

MRF look forwards to gaining tight hold in tyre market of EV Industry: KM Mammen

Chinese battery manufacturer CATL said on Thursday that it has created new lithium-ion battery materials that would significantly increase the charging efficiency of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a>, particularly in extremely cold climates. The world's largest battery supplier, CATL, has created new electrolyte materials that might significantly increase the charging efficiency of existing lithium-ion battery designs, according to Wu Kai, the company's top scientist, who spoke at a symposium in Shanghai. Wu didn't go into specifics on how CATL has managed to increase battery performance. He claimed that the new electrolyte may enhance efficiency by 50% at minus 20 degrees Celsius and by 43% at temperatures closer to normal. Winter weather is a difficulty for EVs since the cold delays processes in the electrolyte solution, which are necessary to transfer a charge between the two electrodes of the battery. The additional work required by the battery to heat an EV in cold weather reduces the range even further. This year, he said, CATL will be ready to mass-build a battery with a 400-kilometre driving range and a 10-minute charge. For the same driving range as its next objective, the business wants to reduce that charge time to five to seven minutes, he added. Solid-state batteries with more power and a longer range are being developed quickly by automakers and certain suppliers. These batteries, which are still in prototype, are anticipated to be pricey for many years. Toyota said last month that it has solved a problem with the longevity of solid-state batteries, opening the door to manufacturing as early as 2027. It claimed that it would be able to give a charging time of 10 minutes or less and cut the price and weight of those batteries in half. Wu declared that he did not believe the claims of cost savings and the readiness of solid-state batteries for mass manufacturing. Moreover, Wu responded to a query by saying, “What I know for sure is that no one in the industry today is able to produce solid-state batteries in large quantities. They say they can cut prices in half, which is fantastic and would be tremendously disruptive, but I wonder against what baseline they are measuring.”

 The new electrolyte in the battery may enhance its efficiency by 50% at minus 20 degrees Celsius and by 43% at temperatures closer to normal

CATL finds Battery technology more efficient in cold weather

The new electrolyte in the battery may enhance its efficiency by 50% at minus 20 degrees Celsius and by 43% at temperatures closer to normal

Breakthrough in EV charging: CATL finds Battery technology more efficient in cold weather

With 4,000 supercharger stations installed globally, <a href="https://www.tesla.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tesla</a>, the undeniable industry leader in <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric automobiles</a>, has had a 34% yearly increase. According to the information given by <a href="https://finbold.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Finbold</a>, Tesla now has 3,971 supercharger stations globally, up from 2,966 during the same period in 2021, registering a 33.8% increase. In the time period of the first three months of 2022, there were 3,724 Tesla stations, marking a growth of 7.13 per cent from the previous quarter. By the third quarter of 2021, the company has established 3,254 stations throughout the world. Also, Tesla noted a rise in the number of supercharger connectors, which touched the mark of&nbsp; 36,165 in the second quarter of 2022, an increase of 34.4% year over year. From the initial quarter of 2022 to the fourth quarter, the number of connections has shown a significant uprise by 6.85% making the total number of connections reach 33,657 from 31,498. During the first three months of 2022, there were 3,724 Tesla stations, an increase of 7.13 per cent from the previous quarter. As of Q3 2021, the firm had 3,254 stations placed throughout the globe. Moreover, Tesla registered a growth in the number of supercharger connectors, which increased by 34.4% in each year ahead to 36,165 in Q2 2022. From 31,498 in the fourth quarter of 2021 to 33,657 in the first quarter of 2022, the number of connections climbed by 6.85%.

Tesla now has 3,971 supercharger stations globally, up from 2,966 during the same period in 2021, a 33.8% increase

Tesla, the undeniable industry leader in electric automobiles records 34% yearly increase

Tesla establishes 4000 EV stations throughout world

On Monday, SUN Mobility announced a partnership with Zomato to fuel 50,000 electric 2-wheelers across the nation over the following 24 months.The <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">EV</a> business said the collaboration had been verified in Delhi with an initial fleet deployment and will use its battery swap solutions for the last-mile deliveries. Anant Badjatya, CEO of <a href="https://www.sunmobility.co.in/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">SUN Mobility</a>, has said, "by assigning 50,000 electric two-wheelers in Zomato's fleet, we are decreasing our carbon footprint by 5,000 MT/month and assisting in creating a cleaner environment." The action aligns with SUN Mobility's goal of electrifying last-mile deliveries in India and Zomato's commitment to "The Climate Group's EV100 initiative that implies 100% EV adoption by 2030." Zomato’s COO, Mohit Sardana, has claimed that this collaboration with Sun Mobility to swap batteries will increase the EV-based shift in deliveries and hence complement the company's “sustainability.” The last-mile delivery partners will be able to quickly and easily exchange their dead batteries for fully charged ones at SUN Mobility exchange Points thanks to the swappable battery technology. According to the businesses, this will cut down on downtime for recharging, boost the effectiveness of last-mile delivery operations, and help create a cleaner environment by cutting emissions. SUN Mobility is a partnership between SUN Group and Maini Group that was established in 2017. To date, SUN Mobility has installed 358 Swap Points in 18 cities, supplying electricity for more than 80 million kilometres and 4.2 million swaps across the nation.

Sun Mobility is all set to empower Zomato with 50k EVs

Zomato to receives 50K EVs from Sun Mobility

Zomato takes one more step to make their deliveries eco-friendly 

Sun Mobility is all set to empower Zomato with 50k EVs for food delivery.

With Mufin’s masters in climate financing and LoanTap’s masters in consumer finance, the collaboration is expected to work for the development of the EV ecosystem by providing loans for electric automobiles  | EV Marketplace

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