EV Industry Updates - SmartEnergy

6Mar

By Editorial TeamNo Comments

EV Finserv Unveils ‘SELECTIONS’: A Multi-Brand Outlet for E-Rickshaws, EV 2-Wheelers, and Batteries

EV Finserv, a rural EV financing and leasing company based in NCR, has introduced its new brand, "SELECTIONS." SELECTIONS is a multi-brand outlet specializing in E-rickshaws, EV 2-wheelers, and batteries. The inaugural outlet has opened in Etawah, Uttar Pradesh, with plans to expand to over 40 outlets by the end of 2024. The retail experience center will provide expedited finance and leasing services through EV Finserv. It will also offer financing and leasing options for lead-acid and lithium-ion batteries, along with vehicle lifecycle management services and the opportunity to resell EVs. Nitin Sabharwal, Founder and CEO of EV Finserv, described the launch of SELECTIONS as a step toward assisting customers in their ownership journey and addressing a significant challenge for lende...

CHARGE+ZONE unveils India’s First Ever 360KW SuperCharging Station, adds to its ever-growing high speed EV charging Network

28Nov

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EV Industry Updates, EV Updates, Must Read

CHARGE+ZONE unveils India’s First Ever 360KW SuperCharging Station, adds to its ever-growing high speed EV charging Network

CHARGE+ZONE, India's fastest growing EV charging company, today announced the launch of India's first-ever SuperCharging Network, pioneering comprehensive solutions for high-speed EV charging. This network strategically places superchargers on major highways and within city centers, offering amenities such as washrooms, restaurants, and shopping facilities. Additionally selected stations also incorporate solar panels on canopies for sustainability. The first supercharging stations are set to become operational in Mumbai and CCD, Vellore in November 2023. These stations are equipped with 180 KW dual gun chargers and 360 KW power cabinets, which include a groundbreaking feature: four guns that can deliver 60 KW each at 200 Amp, and one gun that can deliver 500 A (DC) current with liquid ...

Evnnovator and CHARGE+Zone partners with Mercedes-Benz India to deliver an industry-first EV charging solutions

27Nov

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Evnnovator and CHARGE+Zone partners with Mercedes-Benz India to deliver an industry-first EV charging solutions

Evnnovator and CHARGE+ZONE, two of the fastest-growing eMSP and Charge Point Operating entities in India, have collaborated with country’s most aspirational luxury car maker, Mercedes-Benz; to deliver an industry-first vertically integrated end-to-end EV charging solution. This charging solution is tailored specifically for Mercedes-Benz customers. Mercedes-Benz has the largest luxury OEM backed charging infrastructure in the country. Evnnovator's innovative eMSP platform offers FICH EV Charging App, empowering users to seamlessly locate, access, and pay for charging services offered by multiple Charge Point Operators (CPOs) through a single platform. On the other hand, CHARGE+ZONE operates Charge Cloud, a cloud-based Charging Management Software. It effectively integrates high-speed E...

Union Power and New & Renewable Energy Minister launches dashboard for Data on Adoption and Forecasts of Electric Vehicles

17Oct

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Union Power and New & Renewable Energy Minister launches dashboard for Data on Adoption and Forecasts of Electric Vehicles

The Union Minister for Power and New & Renewable Energy, Shri R. K. Singh launched a brand-new EV-Ready India Dashboard (Click here to access the EV Dashboard) in New Delhi today. Developed by policy and industry experts at think tank OMI Foundation, the dashboard is a free digital platform focussed on near real-time Electric Vehicle adoption and forecasts, associated battery demand, charging density, and market growth trends. The dashboard is expected to facilitate greater inclusion across audiences, for the industry, policymakers and end users of electric vehicles. The platform leverages the power of data and AI and seeks to address the need for macroeconomic data and analysis on India’s massively growing electric mobility segment. The EV-Ready India dashboard has forecast a 45.5% C...

SMEV Proposes a Compromise Solution to the FAME Subsidy Payments Issue

29Jul

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EV Industry Updates, Industry Updates

SMEV Proposes a Compromise Solution to the FAME Subsidy Payments Issue

The SMEV today indicated reaching a possible breakthrough on the vexatious issue of subsidy payments that created a crisis in the EV industry and a log jam with the MHI. SMEV said that post numerous discussions with EV manufacturers, and those who are impacted by MHI’s decisions since the last 18 months, an unusual, but obvious, possibility for a logical solution has emerged and the OEMs have come around to accepting it as the best under the circumstances. This was confirmed after some OEMs collectively wrote to the newly appointed Honorary Chief Evangelist of SMEV, Shri Sanjay Kaul with a consensus on plausible steps and practical solutions that work for all. Following this, Sanjay Kaul has written to Hon’ble Minister, MHI Shri Mahendra Nath Pandey proposing these steps in or...

MHI’s Recent Decisions Have Caused an Irretrievable Loss to India’s E2Wheeler Targets

29Jul

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MHI’s Recent Decisions Have Caused an Irretrievable Loss to India’s E2Wheeler Targets

Advocacy group, Centre for Business, Industry & Trade Advocacy, [C-BITA] that has been actively working on and analysing the impact of policy on the Indian EV Ecosystem has today in a letter to Minister, MHI pointed out that two of MHI’s recent decisions might have caused an irretrievable opportunity loss to India’s E2Wheeler targets. CBITA believes that withholding subsidy amounting to Rs 1200 Crores was the first blow, while slashing the subsidy could have been the second one. In its letter to the Minister, MHI, CBITA indicated that the department is responsible for missing out on a crucial period of growth in the trajectory of EV adoption, which will be difficult to replace even with the promise of future sales. Mass transitioning from internal combustion engine (ICE) vehicles t...

CHARGE+ZONE Launches ChargeCloud: A state-of-the-art SaaS solution for EV Charging Stations

29Jul

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CHARGE+ZONE Launches ChargeCloud: A state-of-the-art SaaS solution for EV Charging Stations

CHARGE+ZONE, India's fastest growing EV charging company, today announced the launch of ChargeCloud, a network operating software solution for EV charging station management systems. With ChargeCloud, charging station operators can unlock unrivaled potential, supercharge revenue, and maximize charger utilization effortlessly. ChargeCloud offers a wide array of powerful software services that instantly connect chargers to CHARGE+ZONE's robust Charging Station Management System (CMS). For a nominal subscription fee of just Rs 499/-* per charger per month, charging station operators gain access to a suite of features designed to revolutionize their revenue streams. The smart software solution manages charging sessions, increases charger utilization, and provides real-time data insights to...

SMEV Ropes in Sanjay Kaul to Lead Advocacy for the Sector: Suspends Present Constitution Temporarily

12Jul

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SMEV Ropes in Sanjay Kaul to Lead Advocacy for the Sector: Suspends Present Constitution Temporarily

The SMEV has today indicated that it will go into voluntary hibernation to coincide with the appointment of Shri Sanjay Kaul as Chief Evangelist. Mr Kaul has been a prominent civil society and consumer activist and is well known for his role in federating civil society groups in the capital. Mr Kaul has interests in the EV sector and believes strongly in the growth potential and importance of this sunrise industry for the nation. He is actively promoting international investments in the sector in India. The move comes in the wake of the crisis in the EV sector since the last year with almost all OEMs in the sector dealing with issues of non-compliance with Policy details. Speaking on the appointment, Ajay Sharma, Secretary General SMEV said, “We have requested Mr Kaul to help ...

SMEV Petitions NGT: Slashing E2W Subsidy has Disrupted India’s Transition to Clean Fuel

15Jun

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EV Industry Updates, Must Read

SMEV Petitions NGT: Slashing E2W Subsidy has Disrupted India’s Transition to Clean Fuel

The registered association representing Indian manufacturers of electric vehicles SMEV (Society of Manufacturers of Electric Vehicles) has today petitioned the National Green Tribunal (NGT) expressing concerns that MHI’s latest decision to cut-down FAME 2 subsides is likely to disrupt India’s growth in the EV sector and consequently have a detrimental impact on the environmental and health indices of the country. The SMEV via this letter has requested for NGT’s support to a Green Tax on fuel-based two-wheelers so as to incentivize the adoption of green vehicles and contribute to the national objective of environmental preservation and pollution reduction. It is be noted that recently, the Ministry of Heavy Industries (MHI), ...

Greaves Finance launches EV Financing Platform evfin

15Jun

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Greaves Finance launches EV Financing Platform evfin

Greaves Finance, a non-banking financial company (NBFC) and a wholly-owned subsidiary of Greaves Cotton has launched a financial platform christened ‘evfin’. This platform it says aims to revolutionise the world of electric vehicle financing and more. The Economic Survey 2023 highlights the pivotal role of the automotive industry in the shift towards green energy. It predicts that the domestic EV market will experience a remarkable compound annual growth rate (CAGR) of 49 percent from 2022 to 2030, with an anticipated annual sales volume of 10 million units by 2030. To expedite the transition towards electric vehicles amidst their increasing adoption, it is crucial to address the complete lifecycle journey of EV usage for consumers. evfin suite ensures a superior EV j...