Hero Motocorp is betting big on EV's wants to step up the game for competing with Ola electric.
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The teaser shows cosmetic upgrades along with the Ziptron system which is expected to increase the range to around 250kms
In a big push towards making electric vehicle components in India, Sona Comstar ties up with Israel's IRP Systems to build EV Powertrains and ANAND Group teams up with South Korea's Mando Corp to produce and market EV Components. The fast growing EV Market is now looking to diversify and mitigate the risks.
Hero Electric has raised Rs 220 crore in its Series B round of funding led by Gulf Islamic Investments (GII). The first part of the investment which also saw participation from existing investor OAKS. Also there seems to be a dispute within the family run Hero MotoCorp over Hero's EV business.
Gravita India Ltd., India’s largest battery recycling company, is entering into the electric vehicle battery recycling business.They have identified a few potential companies that could provide the technology for recycling lithium-ion batteries.
Amara Raja Batteries, India's Second largest battery manufacturer has opened a tech hub in Tirupathi and wants to develop Lithion-Ion cells.
Israel’s Phinergy performs some tests with their aluminium-air battery on the Mahindra Treo electric auto. This was done with Indian Oil (IOCL), one of India's leading oil company who has invested in Phinergy.
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