Mention
Why Akhil Aryan’s ION Energy is betting on battery technologyedit
Indian government’s policy think tank Niti Aayog wants the country to have an all-electric fleet by 2030, in light of the fact that fossil fuel is depleting and electric vehicles are the future. Akhil Aryan’s deep interest in the physics of energy and software since he was a young boy has had a logical outcome. This 25-year-old Commerce graduate from Mumbai incorporated an energy management company called ION Energy in 2017 with the purpose of turning the ‘green warrior’ narrative into a business opportunity.
Publication: YourStory
Industry
Indian government fast-tracks green initiative with Rs 10,000 crore project for Electric vehiclesedit
The government has charted out a multi-billion dollar investment plan for electric vehicles and aims for bulk tendering of EVs on the lines of the LED bulbs scheme, reports CNBC-TV18. It looks like the Indian government has re-visited their green initiative with some added vigour. CNBC-TV18 reports that to reduce our fossil fuel dependency, the government has charted out a multi-billion dollar investment plan for an electric vehicle. A closer look reveals that it might be aiming for a bulk tendering of EVs’ on the lines of the recently started LED bulb campaign.
Publication: Financial Express
Green energy target tough, say officialsedit
The government is unlikely to meet its much-publicised target of 175 GW of renewable energy by 2022 due to the poor progress of the rooftop solar programme, according to officials in the Ministry of New and Renewable Energy. The Ministry is also considering increasing the contribution of other sources like biogas and small hydro to make up the difference, they added.
Publication: The Hindu
The Wind Beneath India’s Renewable Energy Wingsedit
The mood was buoyant at the recently held Windergy India 2017 conference in New Delhi. Industry leaders, regulators and government officials were unanimous in predicting a bright outlook for the wind power sector that has been growing at a breakneck speed in recent times.
Publication: Huffington Post
India is a good market for electric vehicles: Volvo Cars President & CEO Håkan Samuelssonedit
Since the first Volvo rolled off the production line in Gothenburg, Sweden, in 1927, the company has been creating world-changing innovations, including three-point safety seatbelt and child safety seats. Today, it’s a global brand with manufacturing in Sweden, Belgium and China. This year, Volvo Cars—Volvo Cars and bus-and-truck maker Volvo Group are separate entities since 1999—will start vehicle assembly in India by making use of the latter’s production facility near Bengaluru.
Publication: Financial Express
Mahindra to invest in high-end electric powertrain technologyedit
Mahindra and Mahindra Ltd on Monday said it plans to invest directly or through its subsidiaries “in high-end electric powertrain technology as part of its plan for the future of mobility; and electrification of some of its existing and future products”. The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles, it said in a notification to the National Stock Exchange on Monday. The high-end electric powertrains will be used for the group’s future line-up of electric vehicles (EV).
Publication: Live Mint
Ola bringing 200 electric vehicles, investing Rs 50 croreedit
Cab aggregator Ola will launch a first-of-its-kind all-electric powered multi-modal transport hub in Nagpur next week in which a pool of 200 e-vehicles, including cabs, buses and rickshaws will ply on the roads. Ola is investing Rs50 crore in the project and it will own all 200 vehicles as well as the four charging stations at different corners of the city that is being set up.
Publication: ET Auto