Thursday, April 11

Tag: EV Batteries

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

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...
Shifting Gears: Analysis of the Electric Vehicle (EV) Industry in India
EV Special Features, Special Features

Shifting Gears: Analysis of the Electric Vehicle (EV) Industry in India

The India electric vehicle market size was valued at USD 1.45 billion in 2021 and is projected to grow from USD 3.21 billion in 2022 to USD 113.99 billion by 2029, exhibiting a CAGR of 66.52% during the forecast period. According to reports in public domain, India electric vehicle market exhibited a rise of 11.34% in 2020 as compared to 2019. Post the COVID 19 pandemic, the India Electric Vehicle market in India has rebounded with the cumulative sales crossing the 1 million mark for the first time in Y2022. The total units sold across all the segments reached 10, 90,641 units. Uttar Pradesh with 26.92% share dominated the EV market with maximum share in EV sales in 2022, followed by Delhi with 12.82%, Karnataka with 7.85% and Maharashtra with 7.21% market share. Among the cumulative EV...
Esmito attains AIS156 Phase 2 Certification for L3 and L5 Category Batteries
EV Industry Updates, EV Updates, Industry Updates

Esmito attains AIS156 Phase 2 Certification for L3 and L5 Category Batteries

Esmito, a leading provider of energy solutions for electric vehicles (EVs), proudly announces the successful acquisition of the highly coveted AIS156 Phase 2 certification for their L3 and L5 category batteries. This achievement further solidifies Esmito's unwavering commitment to delivering high-quality, reliable, and compliant energy solutions in the EV industry. The AIS156 Phase 2 certification represents an exhaustive testing and evaluation process that ensures strict compliance with safety and performance standards, specifically focusing on automotive components, particularly batteries. This certification is a vital requirement for EV manufacturers operating within India. Esmito has successfully completed the meticulous certification process for their L3 and L5 category batteries,...