The post 5 EV charger companies that you should know appeared first on Startagist.
]]>In India, there are many types of EV chargers available, including Type 1, Type 2, AC and DC, unidirectional and bidirectional charging for e4W (electric 4-wheeler), e3W (electric 3-wheeler), and e2W (electric 2-wheeler).
Tata Power, Ather Energy, Delta Electronics, and other Indian enterprises are involved in installing and operating electric chargers.
The Indian government has also established a number of measures to encourage electric vehicles and improve charging infrastructure, such as the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme.
Companies in India that provide electric vehicle (EV) charging infrastructure and some of the largest ones are:
1. Tata Power
Tata Power operates across multiple cities. With a substantial 10,577 MW installed capacity for electricity generation, Tata Power offers comprehensive charging solutions, including backend power infrastructure and charger installations for small EV manufacturers. Their 300 fast-charging stations in cities like Mumbai, Bangalore, Pune, Delhi, and Hyderabad provide both AC and DC fast charging options, compatible with most electric cars and two-wheelers.
2. Delta Electronics India
As a division of the Delta Group, Delta Electronics India has been actively involved in India’s power and energy management business since 2003. It provides breakthrough, eco-friendly, and energy-efficient EV charging solutions, including AC chargers, DC fast chargers, and multi-standard chargers. With partnerships with MG Motors, EV Motors, and Ahmedabad Municipal Transport, Delta has supplied over 8000 chargers in India and contributed to the global delivery of more than 1 million chargers.
3. Charge Zone
Charge Zone is a global leader in fully integrated EV charging technology, combining software systems, hardware, and renewable energy capabilities. It specialises in Fleet Electrification (B2B) and Inter-City Retail EV Charging (B2C) solutions, bolstering public EV charging infrastructure. With a focus on integrating renewable energy, Charge Zone aims to achieve a faster transition to green mobility by establishing an extensive network of electric bus charging stations.
4. Magenta Power:
Magenta Power is a prominent EV charging station provider in India, emphasizing DC fast-charging technology. With a presence in over 25 cities, they offer a range of charging solutions for homes, offices, and public spaces, contributing to the accessibility and convenience of EV charging infrastructure.
5. Glida:
Formerly known as Fortum Charge & Drive India, Glida is planning to install 3,000 EV charging points across India by March 2025. Supported by the Finnish government, Glida currently operates 450 charging points in 15 Indian states. Their advanced charging network management solution aims to enhance the efficiency and usability of the charging infrastructure, making them a key player in India’s EV charging sector.
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]]>The post EV charging company 82Volt raises $606K seed funding appeared first on Startagist.
]]>82Volt offers a range of AC and DC charging solutions along with software solutions. Their goal is to achieve a 200% absolute growth in the next financial year by expanding their team, geographical reach, and charger installation capacity.
As per industry reports, as of March 2022, India recorded over 1Mn EVs, and is expected to touch 50 Mn by 2030. This growth can be attributed to government incentives, including those to consumers, local battery manufacturing, state-level subsidies and cut in GST rates.
In a report, Moody’s Investors Service said India has the fourth-largest car market globally, but electric vehicle (EV) penetration is currently only around 1 per cent. In order to increase EV sales and meet the GoI’starget of 30 per cent penetration by 2030, setting up a reliable, accessible and affordableEV charging infrastructure is the urgent need of the hour. And that is where 82Volt aims to make a difference.
Speaking about the company, its vision and the seed funding,Mr. Akshay Sasikumar, CEO, 82Volt Technologies, said, “As a company driven by innovation and commitment towards creating a sustainable business model for clean transportation adoption, we aim to create solutions that can help deliver savings to not only customers but also businesses and grid owners. Our solutions are built keeping in mind the Indian grid conditions and provide automakers, EVSE suppliers, and commercial businesses to benefit from adopting clean transportation through a robust charging network. In line with this, we aim to create an end-to-end EV charging solution that includes fast and slow charging solutions, CMS, products and Energy storage solutions.”
Speaking about the funding, Mr. Sasikumar added, “We are grateful to our investors for believing in our product and vision. Their support will definitely help us achieve our goals and expand our operations. As we continue to strive to innovate, collaborate and grow to build a robust EV infrastructure, their ongoing trust and belief will help us in becoming key enablers for EV infrastructure in India, and cater to growing demand and usage of EVs,across the globe.”
Currently, 82Volt boasts an installed capacity of 10 chargers and a contractual capacity of 550 chargers. These chargers come equipped with a range of unique features and are connected to a customized software system. Designed to suit Indian grid conditions, 82Volt chargers are robust, technologically advanced, and capture over 100 data points from each charging cycle. This data allows for a smarter and more convenient charging experience.
Additionally, the chargers are integrated with various associated services such as home automation, e-commerce, and advertising platforms. The real-time information provided by the 82Volt chargers enhances battery life through efficient charging. With the infusion of fresh seed funding, the startup plans to expand its installation capacity to 100 chargers within the next two months through its channel partners. Simultaneously, they aim to grow their team and extend their reach in the market.
82Volts’ foray into the EV Charging technology space comes at the right time, as the country aims to make a major push for clean energy and clean transportation. Keeping this in mind the company’s future plans are to move into different parking scenarios, and develop and provide different kinds of chargers.
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]]>The post Commercial EV distribution and financing platform Turno raises $13.8M appeared first on Startagist.
]]>B Capital and Quona Capital led the round. Existing investors Stellaris Venture Partners and Avaana Capital, and new investors Alteria Capital and InnoVen Capital also joined.
The startup plans to use the funds to build proprietary battery technology to address issues surrounding the end-of-life value of EV batteries and e-waste. The battery technology platform aims to repurpose EV batteries into second-life energy storage systems, extending their usable life and avoiding e-waste.
Founded by Hemanth Aluru and Sudhindra Reddy in January 2022, Turno offers a “complete” solution for commercial EV buyers, with a multi-brand selection of vehicles, low-cost financing, and buy-back value on used batteries backed by its proprietary technology.
Turno also offers a vehicle lifecycle management app that gamifies and incentivises users’ driving behaviour to prolong battery life. The app provides a real-time dashboard for consumers to track their guaranteed buyback price for their vehicle’s end-of-life, which promises to be 25-30% higher than the market average.
The company has partnerships with leading 3W EV manufacturers, including Mahindra & Mahindra, Piaggio, Omega Seiki Mobility, and Etrio, to sell their vehicles nationwide.
Turno has grown to cover five states (Karnataka, Telangana, Tamil Nadu, Delhi NCR, and Maharashtra) in India and claims to have captured 20% of the market.
Hemanth Aluru, CEO and co-Founder, Turno, said: “Today 80-85% of India’s automotive fuel consumption is driven by commercial vehicles with internal combustion engines. Yet, there is a strong desire to transition to a green economy and so, commercial EV adoption holds significant promise. Turno was founded with the mission to convert these ‘gasoline miles’ into ‘electric miles’, having a significant positive impact on the environment.”
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]]>The post EV Startup EVeium launches 2nd Experience Hub in Pune appeared first on Startagist.
]]>The hub is situated in the city at Survey No 694(A), Plot No. 10A Adarsh Co. OP Housing Sanstha Ltd. , Near Dhone Automobiles, Pune 411037 in a prime area of marketyard which is a hub for automobiles showrooms. The experience hub offer the quality customer experience while a displaying scintillating array of vehicles by the brand.
The experience Hub was launched in presence of Mr Santosh Dhone, MD of Dhone Group, Mr Aditya Reddy, VP, Sales & Marketing, EVeium Smart Mobility.
The Experience Hub, under the dealership of ‘EVeium – Sarnot Autolines’, showcases all 3 premium Electric Scooters from the brand, which include:
All prices, Ex-showroom, India (Without GST)
Sarnot Autolines and EVeium Smart Mobility have share the same spirit and values when it comes to presenting the concept of eMobility in India.
At the launch, Mr. Suyash Nilesh Sarnot of Sarnot Autolines said “A lot of brands have been providing customers with compromised products. Amidst this we were on a look for something premium and quality. EVeium’s products and technology fits the bill just right. We are glad to have partnered with the brand which leads the space in terms of innovation, style and prestige.”
One the Occasion of Experience Hub Launch Aditya Reddy, VP, Sales & Marketing, EVeium Smart Mobility affirmed “It is important for us to cater to the audience in Pune, which is one of the most aware cities in terms of EVs. The city has proved the innovation hub for EVs and we are getting very good response from the city in terms of product acceptation hence thought of starting the second dealership within a quarter. We aim at spreading our wings further in the city and gradually across the state. We have got a good response from other cities, and we expect nothing less as we make a mark in the silicon valley of India.” EVeium will be focussing on exhibiting its technology embedded in its vehicles, in order to burst any myths associated with EVs.
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]]>The post BOLT introduces smart EV charging socket for home appeared first on Startagist.
]]>The BOLT LITE charging sockets are available at an introductory price of INR 2,599 ($32).
BOLT LITE has been designed to address all the issues arising from ineffective home charging. It is compatible with two, three and four-wheel EVs, requires no additional infrastructure, and can be installed in under 30 minutes with little to no maintenance.
It offers dual layer protection with an in-built MCB that automatically switches off electrical circuits during any abnormal condition in the electrical network, such as overload and short circuit conditions. Furthermore, the smart energy meter provides bifurcation for energy consumed by the BOLT LITE charging socket vs the home’s power supply via the BOLT app.
BOLT LITE is IP65 certified and therefore provides complete protection from dust, oil, water and other non-corrosive material and can endure all weather conditions. BOLT LITE gives an efficient power transfer, and users get faster charging to help ensure their EV is fully charged overnight.
It is also IoT-enabled and helps connect EV users across the country. It comes with an energy calculator to monitor power consumption and gives users access to a lifetime of passive income.
Owners can choose to switch the device status between ‘Public’ and ‘Private’, where ‘Public’ charging sockets are open to the public and are available for booking on the BOLT app. The charging sockets marked as ‘Private’ are exclusively for the use of device owners.
Furthermore, BOLT LITE can be operated with or without the BOLT app and supports Bluetooth Low Energy (BLE) and WiFi communication. When set to private mode, BOLT LITE does not require the internet or the BOLT app to be operated.
Consumers can place an order for BOLT LITE via the BOLT website, any of the channel partners or dealers/distributors. BOLT has partnered with more than 25 OEMs globally, including seven out of the top 10 OEMs in India, to build a safe, smart and connected ecosystem for electric vehicles.
According to the Ministry of Road Transport and Highways, India has more than 1.3 million EVs on the road as of August 2022. This year’s EV sales have gone up over 3x compared to FY 2020-21.
India targets to achieve EV sales penetration of 30 per cent for private cars, 70 per cent for commercial vehicles and 80 per cent for two and three-wheelers by 2030. India needs safe, smart and affordable EV charging solutions for homes to achieve this. The presence of safe EV chargers at home not only provides users with the convenience of charging their EVs but also boosts confidence among people considering purchasing them.
According to reports, more than 80 per cent of EV owners charge their vehicles at home due to the convenience and low cost of residential charging. Most EVs come with an onboard charger which allows users to plug their vehicles into a standard 15A charging socket directly.
However, apart from being slow and least energy efficient, these sockets do not offer any direct safety or monitoring features and are not recommended for long-term EV charging. Unsafe charging at home using a standard 15A socket can result in sudden power surges, damaging the EV battery.
News reports of EV batteries bursting into fire and creating blazes in India have been primarily due to the owner not knowing how to charge a battery safely. EV users also face challenges with power theft, access control and unidentified energy consumption in shared parking spaces.
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]]>The post Battery Tech startup Log9 Joins Hands with EV Gravton Motors appeared first on Startagist.
]]>Notably, the Gravton RapidEV e-2W has been specifically designed and introduced to transform the last-mile logistics and delivery segment in India by bringing to the fore superior technology and advanced features to the market, which in turn can deliver superior profitability for the delivery-fleet operators of our country. Powered by Log9 batteries and a high-power motor, the Gravton RapidEV gets fully charged (from 0 to 100 percent) in 15 minutes, and offers a load carrying capacity of up to 250 kgs and gradeability of up to 22 degrees. In addition, it also comes with a long life of 10+ years, best-in-class safety, and proven reliability throughout the complete life of the vehicle, as well as a class-leading 5 years and unlimited kms warranty on both on the vehicle and its battery.
With its robust built and high stability, this Gravton Quanta model – an all-terrain EV – holds the distinction of having travelled from Kanyakumari to Khardung La successfully. Giving further impetus to Log9’s Responsible Delivery Movement, the Gravton RapidEV InstaCharged by Log9 will eventually go a long way in making deliveries greener and in reducing the carbon footprint of the last-mile logistics sector in India. Against typical electric 2Ws that may take up to 2.5 hours to charge — which technically leads to the delivery partner (end-user) losing out on an average of 3 to 4 deliveries per hour – the Gravton rapidEV will ensure that the delivery partners can stay on-the-go for the maximum amount of time, thereby increasing their opportunity for revenues and profitability enhancement while also in parallel enabling them to contribute towards sustainability and fighting climate change.
Speaking about the collaboration, Kartik Hajela, Co-Founder & COO, Log9 Materials says, “We are pleased to partner with Gravton Motors for the integration of Log9’s battery packs and InstaCharge technology into the RapidEV 2Ws manufactured by them. As a Responsible Energy pioneer, we are confident that our InstaCharge batteries’ integration with the Indigenously built Gravton RapidEV e-bikes will provide the much-needed Power, Performance, and Peace of Mind for the B2B last-mile delivery sector and shall further help the cause of reducing operational costs as well as lowering emissions footprint for the delivery and logistics sector. Furthermore, it also provides a great value addition opportunity in the commercial EV space due to the long life, superfast charging, and superlative performance of the Gravton RapidEV.”
Parshuram Paka, Founder& CEO, Gravton Motors says, “‘Gravton RapidEV is an impeccable all terrain EV model which is an outcome of the all-round efforts of Gravton Motor’s technical team. We are pleased to partner with Log9 in a bid to introduce fast-charging capabilities into this e-bike, which in turn is bound to take its utility and efficiency to a whole new level and also help delivery partners riding the bike to make more money per shift while making sustainable deliveries seamlessly.”
Gravton Motors makes electric bikes that are unconventional in thought, design, and performance, thereby helping India take a ride towards a sustainable future and facilitating urban commute to switch from fuel-run vehicles to clean and sustainable electric vehicles. On the other hand, Log9 has leveraged its cell-to-pack competency to develop its InstaCharge batteries for EVs that provide 9x faster charging, 9x better performance, and 9x battery life. Log9’s InstaCharge technology brings down the total charging time which further optimizes the utilization of charging infrastructure and operational profitability for fleets. In addition, Log9’s RapidX batteries are built to operate across -30° to 60° C and come with an operational life of 15,000+ cycles, thereby providing a seamless experience and entirely revolutionizing the last-mile logistics sector.
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]]>The post OTO releases annual two-wheeler trends data, sees 19X growth of EV sales in the last financial year appeared first on Startagist.
]]>Bengaluru emerged as the top tier I city witnessing demand for two wheelers and its financing, followed by Hyderabad. Amongst the tier II cities Indore emerged as the top drivers for two wheelers and its financing. While most of the customers (median) were in the 24-35 years group, two-wheelers and its financing emerged as the preferred option amongst the middle-income range working professionals.
Commenting on the data, Sumit Chhazed, Co-founder, OTO said, “The emergence and acceptance of ecommerce and digitisation today has accelerated the growth of the auto sector. We, at OTO, provide a plethora of services to our consumers with the flexibility to compare and choose from the diverse available options. This, along with the affordability fit serves as a wholesome experience for our buyers. As the two wheeler sales start to pick up post pandemic, along with increase in EV penetration, we have seen 19X growth at OTO in the last financial year itself.
“The data highlights that today’s savvy millennial consumers are increasing to digitally enabled financing options for their two-wheelers. In fact, we have seen a 4X growth in applications with the dealer base doubling over the last six months. We are also adding the largest dealers in the space, who want to enable affordability for their customers. We further expect to grow by 10X in the coming year too.” added Chhazed.
OTO provides two wheeler purchase and financing for leading auto brands like Hero, Honda, Bajaj, Ather, Royal Enfield, TV, Suzuki, Yamaha, Vespa, Suzuki, KTM,Hero Electric, Okinawa, Pure EV, Ampere and Aprilla.
The data finds 76% sales of scooters, compared to 24% of bikes in the last financial year, amongst which, 34% were EVs and 42% were ICEs. The most preferred brands selling through OTO remain Honda and TVS both on online and offline channels.
Other noteworthy report findings include:
OTO has sold over 17,000+ two wheelers with the disbursal of 150+ crore so far, disbursing more than 150 crore worth of vehicles through its digital commerce platform. Its innovative financing model for 2-wheelers enables buyers to pay an upfront amount like any other loan but gets up to 35% lower EMIs with an option to retain, return or upgrade at the end of the tenure. The platform works in partnership with various banks and NBFCs to provide the most hassle-free financing options to its customers. It also provides full auto lifecycle management, from credit underwriting to insurance, maintenance, and eventual resale of the vehicle.
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]]>The post WardWizard hosts ‘Green Plantation Drive’ this World Environment Day; Pledges to plant over 10, 000 Saplings in Vadodara appeared first on Startagist.
]]>Aligning itself to this year’s Environment Day theme – “Only One Earth-Living Sustainably in Harmony with Nature”, the company pledges to plant more than 10,000 saplings and conduct multiple cleaning activities to improve the hygiene conditions of nearby areas.
Furthermore, the brand has also launched a video campaign, emphasizing on the urgency to focus on environmental sustainability. Drawing analogy between Plan B and Planet B, the video subtly, yet powerfully conveys that we can create plan B, but we can’t create a Planet B, we have ‘Only One Earth’.
Speaking of the special occasion, Mr Yatin Gupte,Chairman and Managing Director, Wardwizard Innovations and Mobility Ltd said, “As a responsible corporate we are committed to a sustainable future and making our earth better each day for a brighter today and tomorrow. For us, World Environment Day is not just about appreciating the nature around us but also driving positive changes for the progress of humanity. The plantation of 10,000 trees will help in enhancing the living quality around our ancillary as well as help in promoting ecological balance.”
As a part of this drive, the company will plant saplings, and hence targets to complete the activity by June 12, 2022. The plantation drive will be carried out across a land area of 91 acres.
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]]>The post BikeWo Launches its Muti-Brand EV Dealership Stores Across Multiple Locations in Andhra Pradesh and Telangana appeared first on Startagist.
]]>In addition, BikeWo has also simultaneously announced ambitious plans to scale-up its multi-brand dealership model in the months and years to come. By the end of the current year i.e. 2022, BikeWo plans to open at least 140 stores across Andhra Pradesh and Telangana. Thereafter, they plan to aggressively enter and expand to another 5-6 more states in 2023, while appointing another 500+ dealers by the same year-end. Whereas by 2026, BikeWo aims is to cross 2,000+ dealerships spread nationwide in over 20+ states.
Speaking on the occasion, Mr. Vidhyasagar Reddy, Co-Founder, BikeWo said, “We at BikeWo are delighted and proud to launch our new dealership stores in Andhra Pradesh and Telangana; this is our first step in building a nationwide presence with BikeWo’s flagship stores. Through our dealerships’ expansion, Bikewo ultimately aspires to be the distribution arm for all EV brands in India to provide 360-degree solution to customers, which include choice of various brands and models under one roof, charging station, servicing infrastructure, accessories and spares, vehicle finance, warranty and insurance, etc. Traditionally in the past only one brand’s vehicles used to be sold by a showroom, but nowadays with the growing demand in EV 2 wheeler industry and with the presence of over 300+ OEMs in India, it has become almost impossible for all OEMs to have a profitable and scalable distribution network. Besides, today the customer is overwhelmed with the large number of options available on what to buy and which brand to buy. We at Bikewo will be attempting to fill these two needs and solve both these problems through our stores.”
BikeWo is working dedicatedly with the objective to pave a cleaner, greener and healthier environment by encouraging the use of EVs in India. The company’s newly-opened showrooms stand out as they feature multiple e-2W models from the country’s leading two-wheeler EV brands alongside offering customer-friendly package deals and buying, financing and insurance assistance to the consumers, and much more. Furthermore, at BikeWo’s dealership stores, a customer shall not only be able to choose from a range of low-cost and maintenance-free EVs to the most expensive e-bikes, but also get the best offers, get access to charging stations, servicing infrastructure, accessories and spare parts, and even get to live experience/test ride before investing in the model of their choice! To attract customers to their showrooms, BikeWo is planning to roll-out a plethora of aggressive ATL and BTL marketing campaigns in the near future. And in a bid to keep the customers engaged, they will be also launching an app.
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]]>The post Tollywood Actor Venkatesh Daggubati Joins EV Startup BikeWo as Strategic Investor and Brand Ambassador appeared first on Startagist.
]]>Following this association, BikeWo will be looking to expand its EV servicing and charging network across different states of India while leveraging VenkateshDuggibati’s personal brand and by collaborating with him for a series of marketing, outreach and brand promotion activities. This will be a long-term collaboration that will help the brand to grow and scale in order to meet its ambitious target of installing 20,000 EV charging points pan-India by 2025.
Speaking on the collaboration, Vidhyasagar Reddy, Co-Founder & Chief Operating Officer, BikeWo said, “We are delighted and proud to welcome the evergreen legend VenkateshDaggubati as Bikewo’s investor and brand ambassador. Venkatesh’s faith and trust in BikeWo are an inspiration for us, and going forward, we will be working closely with him on a number of strategic aspects. Furthermore, his association with the brand marks a whole new chapter in BikeWo’s commitment to young Indians in the realization of their dreams and aspirations by serving simple and delightful two wheeler service experiences, creating infrastructure for EV with battery swapping and charging points, and enabling entrepreneurship opportunities to BikeWo’s ever-growing network of dealer-partners.”
Venkatesh Daggubati said, “I am elated to be a part of BikeWo’s journey of making the EV bike sector more organized and providing a better user experience.BikeWo is a brand that stands out in the EV space not only by laying infrastructure for EV 2W charging and servicing, but also by encouraging and creating entrepreneurs, especially women entrepreneurs, through its unique franchise network. I look forward to walking the futuristic EV adoption journey with BikeWo, and I’m committed to do my bit in helping the brand in realizing its vision.”
BikeWo has been founded by Mr. Vidhaysagar Reddy — who has studied International Business from West London College, UK, and is a passionate tech and environmental enthusiast who previously has hadan experience of over 6 years in sales and business development with Freshworks.He saw Freshworks grow from a single product to multiple products and from 1M USD revenue to becoming a ‘unicorn’ and then filing for IPO. During his stint there, Vidyhyasagar brought in key strategic accounts and led the sales of their flagship product- Freshsales from 0 to 50mn USD. In 2021, he quit his job and started-up BikeWo — where he is bringing in the Freshworks’ experience and learnings into Bikewo, so that it can also follow a similar growth journey, while bringingtogether technology, environment, and people to organize a largely unorganized sector.
BikeWo is solving critical issues and gaps in India burgeoning EV ecosystem by laying the infrastructure for EV battery swapping and charging points, and thereby paving the path for increased adoption of electric 2 wheelers across India. On the other hand, Tollywood film actor and producer VenkateshDaggubati, popularly known as Victory Venkatesh, is one of the most loved industry veterans who is well-known for his acting prowess and has worked in many award-winning Telegu films in his illustrious career spanning over three decades.
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