Week In India: Hero MotoCorp And BPCL Join Hands To Electrify India; Fleely Energy To Enter EV Three Wheeler Fast Charging Territory; And More
Hero MotoCorp And BPCL Join Hands To Electrify India In a development that is set to electrify India, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, and Bharat […] The post Week In India: Hero MotoCorp And BPCL Join Hands To Electrify India; Fleely Energy To Enter EV Three Wheeler Fast Charging Territory; And More appeared first on EMobility+.
Hero MotoCorp And BPCL Join Hands To Electrify India
In a development that is set to electrify India, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, and Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company, have collaborated to set up charging infrastructure for two-wheeled electric vehicles (EVs) across the country. Aligned with its Vision to “Be the Future of Mobility” and with its aim to drive the growth of EVs, Hero MotoCorp has become the first automotive OEM to tie up with the leading Public Sector Undertaking (PSU) to set up charging infrastructure across the length and breadth of India.
Fleely Energy To Enter EV Three Wheeler Fast Charging Territory
Fleely Energy plans to expand its charging services to include Direct Charging (DC) facilities for three-wheelers in the nation by 2023. Three-wheelers are an essential part of the Indian economy due to the dual utility of passenger and logistics services. There are many electric three-wheeler models and brands that have been recently launched, such as Piaggio Motors, Euler Motors, Altigreen, Atul Autos, and Mahindra Treo. Especially after the impact of the first and second waves of the COVID-19 pandemic, supply chain transportation has been crucial for companies nationwide.
Delhi Starts Scrapping Of Old Vehicles And Procuring EVs
The Delhi government starts the scrapping of its old diesel and petrol vehicles and acquiring electric vehicles in order to fight pollution. Recently, the General Administration Department (GAD) has procured around 12 electric vehicles (EVs) which will be used by top officers and Ministers of the Delhi government. “We have also started the process to identify and send such vehicles that have completed their lifespan for scrapping,” said a senior GAD officer. The Delhi government will deregister all the petrol vehicles which have completed 15 years and diesel vehicles which has completed 10 years in compliance with the NGT order.
Battery Swapping Network, Chargeup, Raises USD 2.5 Million In Pre-Series A Round Led By Capital A and Anicut Capital
Chargeup, the company building Bharat’s largest battery-swapping network for electric two and three-wheelers, has announced that it has raised USD 2.5 million in pre-Series A round led by Capital-A and Anicut Capital. Other marquee investors who participated in the round include actors Tiger Shroff & Shraddha Kapoor, Aman and Sameer Gupta (founders of Boat), also participated in this round, with Grip invested as the leasing partner. The fresh lease of funding will be used for the expansion of Chargeup’s network to new cities and building larger capacities to meet the growing demand.
EVC Global Seeks Angel Funding For Installing 10,000 EV Charging Stations
EVC Global is looking for angel funding for installing 10,000 electric vehicle charging stations by 2022. EVC Global App helps in locating EV charging stations within a radius of 20 kilometers. “We are seeking angel funding of USD 1 million to begin the journey with fast DC charging stations for quick fuelling service for the vehicles,” EVC Global Founder Mohammed Afaq Khan. It is anticipated that India will have 20 lakh electric vehicles on the road and for charging these EVs, around 4 lakh chargers will be required by 2028. EVC Global App has listed around 34,000 EV charging stations. A DC fast-charging will cost around Rs. 6 lakh a unit and this also reduces the charge time than the normal chargers.
GOI To Expand Public EV Charging Infrastructure
The Government of India has undertaken multiple initiatives to promote the manufacturing and adoption of electric vehicles in the country. With the considerable expansion in the public EV charging infrastructure, electric vehicles have started penetrating the Indian market. The Government has made 360-degree efforts to enhance public charging infrastructure by involving private and public agencies (BEE, EESL, PGCIL, NTPC, etc.). Many private organizations have also come forward to install EV charging stations to develop a convenient charging network grid to gain consumers’ confidence.
Maharashtra Launches ‘Mumbai EV Cell’ With WRI India
Maharashtra Cabinet Minister Aaditya Thackeray launches a special cell titled ‘Mumbai EV Cell’ with WRI India under BMC to boost electric vehicle adoption and transition in Mumbai. “With experts working towards sustainable mobility, this cell will assist in creating a network of charging stations, supporting battery development and market penetration,” said Aditya Thackeray. Maharashtra saw a hike of 157% in the registration of EVs after the launch of the EV policy of the state in July 2021. Climate change is an emergency and this is just the beginning of the long road ahead.
Madhya Pradesh To Launch Its EV Policy In March-April
The government of Madhya Pradesh will launch its electric vehicle policy between the month of March and April. The government is currently at the final stage according to the officials. The industrial policy and investment promotion department of Madhya Pradesh has framed the EV policy with various recommendations from stakeholders of the automobile industry. Sanjay Kumar Shukla, Principal Secretary, Industrial policy and investment promotion department said, “EV policy is ready and is in consultation stage with the state government and other stakeholders. Once the final blueprint is prepared, it would be brought before the state cabinet for approval.”