Flipkart founder-backed Indian startup launches subsidised e-scooter
Bengaluru-based startup Ather began bookings for its electric scooters. Ather raised $43 millionin funding from investors including Hero MotoCorp, Walmart partner Flipkart’s founders and Tiger Global Management. Its scooters cost more than double the average cost of those currently on the market, even after nearly 20% subsidy.
First made-in-India E-bus off to Nepal
First made-in-India Goldstone-BYD e-bus is ready to be exported to Nepal. Chinese EV major BYD has a tie-up with Goldstone Infratech in India. BYD’s Zyang Jie said: “We are going to introduce and adopt the latest technology to India, make the product in India and export overseas.”
MSEDCL to seek separate tariff for charging electric vehicles
Maharashtra has asked regulators to allow separate tariff for charging EVs, currently being charged commercial tariff as per rules. The charging centres have been categorized as commercial. The state plans to launch 500 charging stations, 50 tenders have been completed.
Tata to make Maharashtra EV ready
Tata Power will partner with Tata Motors to set up EV charging stations in Maharashtra. Tata Motors signed a memorandum of understanding (MoU) with the state to support the 2018 EV Policy.
Tesla battery costs bad news for fossil fuel cars
In bad news for fossil fuel cars, Tesla founder Elon Musk updated buyers on battery costs: battery cells for cars will be $100 by the end of 2018, and below $100/kWh at the pack level in less than 2 years.
Battery Billionares: China’s national battery giant is spreading abroad
As part of major Europe push, China’s national battery maker CATL is set to set shop in Germany, home to VW, Daimler, BMW. CATL is also setting up factory in Poland, and planning to sell 10% stock in IPO to fund growth outside China. Zeng Yuqun, CATL’s founder became billionaire Monday after shares soared by 44% on trading debut in Shenzhen. China’s BYD will also join massive battery production in Europe.
First Indian utility sets EV target
BSES Yamuna Power Limited (BYPL) pledged to transition to EVs by 2030, becoming the first Indian utility to join The Climate Group’s EV100 initiative.