BAAS MOBILITY SOLUTION
SUN Mobility joins hands with IndianOil for setting up battery swapping infrastructure
SUN Mobility announced a joint venture with IndianOil to set up 10,000 battery swapping stations by 2030, enabling electric mobility with 'Battery as a Service' for two, three, and small four-wheelers.
How fleet owners can overcome the dual challenge of EV financing and high cost of ownership
For commercial operators considering the switch to EVs, the total cost of ownership (TCO) is a crucial consideration. While EVs promise lower operational costs over their lifecycle, primarily due to savings on fuel and maintenance, the initial purchase price remains prohibitively high. The high cost is largely attributed to the expensive battery technology that powers these vehicles.
MG Motor India to now bolster India's EV startup ecosystem
The company and its consortium members launched the fourth edition of its Developer Programme and Grant (MGDP) to accelerate, mentor and incubate innovative Indian startups in the field of electric mobility
Niti Aayog to roll out EV battery swapping policy in four months
The proposed policy will introduce disruptive business models such as battery as a service (BaaS), leasing, etc so that electric two-wheeler and three-wheeler customers need not own the battery, which is about 50% of the total vehicle cost, bringing down the upfront vehicle cost much below the ICE counterparts.
Crypto crashes, sparks panic; Dream Capital chases cricket NFTs
The digital asset has now lost almost half its value from an all-time high of $68,990 in November, owing to geopolitical tensions and the prospect of US interest rate hikes.
Battery as a service to bring down upfront cost of electric vehicles
“I am confident that electric vehicles will be cheaper than ICE engine vehicles in the near future,” Niti Aayog chief executive Amitabh Kant said.
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Jio-BP, Mahindra sign agreement to jointly develop EV charging solutions
The non-binding memorandum of understanding (MoU) also includes identifying common interests in low-carbon and regular fuels, as per a joint press statement from both the companies. Fuel and mobility player Jio-BP is a joint venture of Reliance Industries and UK’s BP.
Jio-BP, Mahindra Group sign MoU for EV, low-carbon solution
"Mahindra Group and its channel partner locations will be evaluated for setting up of Jio-bp Mobility Stations and EV charging and swapping points apart from utilizing existing Jio-bp stations," it said.
Ola Electric to hire 2,000 people globally, launch e-scooter soon
In May this year, ride hailing major Ola had announced laying off 1,400 employees from rides, financial services and foods business as its revenues had declined due to coronavirus pandemic-induced lockdowns.
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