10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
EV

EV startup River launches Escooter Indie to take on Ola Electric and Ather Energy

Amid a significant increase in the adoption of electric vehicles (EVs) in the country over the last year, particularly in the two- and three-wheeler segments, EV startup River launched its first electric two-wheeler model on Wednesday (February 22) to capture a share of the fast-growing market.

Indie, River’s escooter model, has a motor with a peak power of 6.7 kW and a top speed of 90 km per hour. The INR 1.25 Lakh (ex-showroom Bengaluru) electric two-wheeler has a 4 kWh battery and a range of 120 km. River claims that a standard charger can charge the vehicle to 80% in 5 hours. The registrations of electric two-wheelers in the country stand at 1.1 Lakh units in 2023 so far, as per Vahan data. The year 2022 saw registrations of 6.3 Lakh two-wheeler EVs.

by INC42

SUMMARY Ola Electric said that its 4680 Bharat Cell is based on the “most advanced” dry electrode technology in a cylindrical form factor, and surpasses the pouch cell technology mentioned in the reports A South Korean publication recently claimed that an unnamed former LG Energy Solution executive attempted to pass on the IPs to Ola Electric to create “Bharat cell” The statement by the homegrown EV manufacterer added that “the fear of losing market opportunities, including a significant customer in Ola Electric, is prompting the… Source link

by INC42

SUMMARY Ola Electric now intends to scale its capacity to 20 GWh by the second half of 2027 on the back of its new hero product – battery energy storage system While the “EV + energy” combo has potential in the long term, the EV maker would need to make investments and market the new product, further putting strain on its bottom line Ola Electric’s early years were about growth and EVs, but the tanking stock price has made it turn its focus to addressing quality issues and foraying into new segments to turn… Source link

by INC42

SUMMARY Euler Motors managed to cut losses on the back of its growing top line which grew 12% to INR 191.3 Cr in FY25 from INR 170.8 Cr in the previous fiscal year The startup’s core revenue channel, sales of vehicles remained strong for the year under review contributing to about 90% of the total operating revenue at INR 173.1 Cr in FY25, up 22% from INR 142 Cr in the previous year Founded in 2018 by Saurav Kumar, Euler Motors manufacturers E3W and E4W, catering to the logistics sector of the country EV manufacturer Euler… Source link