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EV

Lubi Pumps Unveils New EV Charging Division: Introducing LUBI EV Solutions

Lubi Pumps Expands into EV Charging Solutions with New Vertical: LUBI EV Solution As the world is transitioning into more conservative methods of energy generation aiming to reducing carbon footprint, Lubi Pumps, (flagship brand of Lubi Industries LLP) is committed to contribute towards this initiative with its new vertical in green energy, LUBI EV Solutions. This new venture carries the same trust mark that has made Lubi a household name in the pumps & motors industry. With LUBI EV Solutions, the company’s trusted excellence now extends to electric vehicle chargers, reinforcing its dedication to sustainable development and environmental responsibility.

Aligning with the Indian Government’s make in India initiative, Lubi EV Solutions is focused on developing the entire process in house by taking on the responsibility of production, research and development, installations and services by ensuring it’s quality on a global level

Lubi EV Solutions takes pride in its prestigious product installations across various locations. On this auspicious month of Sravana, one such notable installation was done at the Mahakaleshvar Jyotirliog Temple in Ujjain, where Lubi EV Solutions has gifted a Bharat AC001-10 kW charger. Additionally, a 7.4 kW AC Type 2 charger has been installed at the CBI Headquarters in Gandhinagar, while a 60 kW DC fast charging station serves users at CPWD Hyderabad. Another noteworthy installation is the 30 kW CCS2 DC Charger at the Artificial Limbs Manufacturing Corporation of India in Faridabad. Furthermore, Lubi’s chargers are present in various residential and commercial buildings and complexes, underscoring their commitment to providing reliable EV charging solutions across diverse settings.

Mr. Paritosh Oza, Business Head of Lubi EV Solutions, expressed his enthusiasm about the new venture, stating, “We are immensely proud to introduce LUBI EV Solutions, which aligns perfectly with our mission to drive sustainable growth and innovation. Our EV chargers are not only manufactured entirely in India but are also ARAI certified, ensuring the highest standards of quality and reliability. By producing each component locally, we are reinforcing our commitment to the Make in India initiative that contributes to the nation’s economic development. We believe that our efforts will pave the way for a greener, more sustainable future for our country.”

The charging range currently includes both AC and DC chargers, featuring products such as the Bharat AC001 – 10KW AC Charger for 2 & 3 wheelers, the AC hybrid charger – 14.8 kW moderate speed charger for 2 and 4 wheelers, and the DC CCS 2 Ultra Fast charger – 120 kW and 240 kW for commercial vehicles like buses and trucks and many more that are manufactured in their state-of-the-art plant in Ahmedabad, Gujarat. This commitment to local manufacturing helps supporting India’s economic development, technological advancements and their endearing stance on “Local for Global”.

As Lubi EV Solutions continues to expand its footprint in the EV charging industry, it remains at the forefront of delivering cutting-edge solutions that contribute to a cleaner, greener future helping in shaping the countries future for a sustainable and a better tomorrow.

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by Team SNFYI

Are you considering investing in an electric vehicle? If so, you have made the right decision. Electric cars are gaining popularity due to their numerous benefits. However, before you buy an electric car, you must consider the factors discussed in the following sections. They will help you make an informed decision. 6 Points You Must Consider While Buying Electric Cars  Let’s take a look at the important points you must consider before buying electric cars in India:  Ideally, an electric car has a driving range of over 100 km, which is sufficient for daily driving. However, high-end electric vehicles offer a driving range of over 400 km.   Considering the maximum distance the vehicle can travel on a single charge will help you determine whether the car meets your requirements. To make your purchase stress-free, research the prices of the cars and know your budget. Consider applying for an electric vehicle loan to help you fulfil your dream of owning a car without denting your savings. Use a car loan EMI calculator to calculate your monthly instalment and formulate a financial plan, considering other liabilities.  The formula for calculating electric car loan EMI is as follows: EMI = [P x R x (1+R)^N]/[(1+R)^N-1] Here,  P = Principal sum of the car loan  R = Rate of interest charged by the lender  N = Tenure of the loan in months  As you can see, the calculation procedure is time-consuming and prone to errors. So, you can use an online car loan EMI calculator to get accurate results quickly.  The battery is the most important component of an electric car, and it’s quite expensive. Therefore, it is essential to check the battery life before purchasing an electric vehicle. Find out details about the battery range and other specifications.  Moreover, check how long the battery can last and how much it will take to replace it.  Remember that you won’t find an electric vehicle charging station as easily as you find a fuel station. This is because the electric vehicle charging infrastructure has yet to establish a strong footing in India. Fast chargers are quite expensive to install in the car, and your city might have very few charging stations for them. On the other hand, standard and slow-charging systems are more reasonably priced. So, before buying an electric car, check which charging system suits your vehicle and meets your budget. Electric vehicles are equipped with software, which must be updated regularly. While some manufacturers provide the software for free, others may charge a fee for it. Moreover, remember to ensure that your electric vehicle has the latest software upgrades/updates.  You must maintain your electric vehicle regularly, just as you would a conventional car. Otherwise, its performance will be affected. Electric cars have few moving parts, requiring less maintenance effort. Also, buying spare parts for an electric car will be more expensive than for conventional cars. So, consider the maintenance costs of an electric vehicle before investing in one.  Additional Important Things to Keep …

by Team SNFYI

Bharatsure, one of India’s leading Insurtech companies offering Infrastructure as a Service (IaaS) solutions has raised INR 6 Crores from Inflection Point Ventures (IPV) and other investors including Capital A and Atrium Angels. Bharatsure is pioneering transformation in India’s insurtech landscape, unlocking vast market potential while advancing health security and insurance penetration. As an Infra-as-a-Service (IaaS) Insurtech, Bharatsure empowers ecosystem partners with seamless group and embedded insurance distribution solutions. Bharatsure has doubled its revenues in FY25 breaking even at CM3 and is gradually progressing toward EBITDA profitability by the end of this year. With a clear growth trajectory, Bharatsure has set ambitious revenue milestones, targeting INR 100 Cr by FY28 and INR 1000 Cr by FY34, reflecting its bold vision and long-term scalability in the market. Anuj Parekh and Sanil Basutkar are the co-founders of Bharatsure. Anuj, a CA and IIM-Bangalore alumnus, brings deep expertise in finance and scaling ventures, while Sanil, a CA and an ISB alumnus, employs his fintech background to drive product innovation and distribution. Coinciding with the fundraise, Bharatsure announced a new partnership with Battery Smart, India’s largest battery-swapping network for electric two- and three-wheelers, to launch natural calamity insurance exclusively for its station partners. The initiative offers protection against events such as fires, floods, earthquakes, and storms alongside personal accident coverages to safeguard individual livelihoods.  Mitesh Shah, Co-founder, IPV says, “As India moves towards a greener and sustainable future with the widespread adoption of EVs, and the infrastructure that supports it, it is time that we adapt our insurance frameworks to suit the changing needs. Bharatsure’s futuristic mindset and farsight offers financial protection and peace of mind in the face of unexpected events. In a world that doesn’t always go according to plan, insurance doesn’t just offer protection, it also carries the burden of social responsibility.” Anuj Parekh, Co-Founder & CEO of Bharatsure, added: “These station partners play a frontline role in advancing sustainable mobility, and we’re proud to design coverage that genuinely addresses their needs. The funding allows us to further develop our infrastructure too ”  With over 1,500 stations and 70,000+ drivers across 50+ cities, Battery Smart’s station partners form the backbone of India’s growing EV infrastructure. This insurance plan ensures partners are equipped with financial protection to overcome unforeseen disruptions while continuing to power the country’s EV transition.  “Our station partners are at the heart of our operations,” said Ms. Sumi Jain, AVP – Network Strategy and Operations, Battery Smart. “This insurance partnership is not just about protecting assets, it’s about empowering the individuals who are driving India’s EV revolution. Together with Bharatsure, we are fortifying the backbone of our network.”  As EV adoption picks up pace in India particularly across two- and three-wheelers, battery swapping stations are emerging as a critical part of the ecosystem. To strengthen safety for its partners, this insurance initiative complements Battery Smart’s existing safety framework, which includes a 24×7 support helpline, in-app issue reporting, mandatory onboarding training and ongoing awareness campaigns.   About Battery Smart:  Battery Smart …

EV
by Team SNFYI

Shanghai, June 2025 – In a move set to shake up the electric vehicle (EV) landscape, Tesla has officially introduced a 6-seater version of its popular Model Y SUV for the Chinese market. This marks the first time the automaker has offered this specific seating configuration in China, indicating a strong focus on capturing the growing demand for more family-friendly electric vehicles in the world’s largest EV market. The new Tesla Model Y 6 seater is expected to launch in Q3 2025 and will be manufactured at Tesla’s Gigafactory in Shanghai, which already produces Model 3 and Model Y units for the Asia-Pacific region. Family-Focused Configuration The Tesla Model Y 6 seater introduces a more versatile interior layout, offering two captain’s chairs in the second row instead of the traditional bench seat. This setup not only enhances passenger comfort but also provides easier access to the third row, making it ideal for families with children or those who frequently transport multiple passengers. Tesla’s design update is in line with customer feedback from China, where extended family travel is common, and functionality often outweighs minimalism in vehicle interiors. According to local sources, the 6-seater Model Y will also include upgraded air filtration systems and enhanced rear climate controls, catering to the preferences of premium Chinese buyers. Market Strategy in China China represents Tesla’s second-largest market after the United States, and this launch signals the company’s strategic intent to remain competitive against domestic giants like BYD and Li Auto, both of which offer flexible seating layouts in their best-selling SUVs. The addition of the Tesla Model Y 6 seater is expected to boost the brand’s presence among middle- to upper-income families who previously might have considered more spacious alternatives. Tesla is also planning a strong marketing push around the family-first messaging, emphasizing safety, comfort, and advanced self-driving features. Competitive Pricing and Delivery Timeline While official pricing has not been confirmed, early reports suggest the 6-seater Tesla Model Y will be priced slightly above the Long Range variant but remain competitive in its segment. Industry analysts expect the starting price to be around ¥350,000 (approx. $48,000), positioning it below traditional luxury competitors like Mercedes-Benz EQB or NIO ES6. Pre-orders for the Tesla Model Y 6 seater are expected to begin by late July, with deliveries starting as early as September 2025. What’s Under the Hood? Mechanically, the 6-seater Model Y will remain consistent with current dual-motor AWD versions. It is expected to feature a similar battery configuration with a range of up to 530 km (approx. 330 miles) per charge under CLTC testing standards. Tesla’s infotainment and software upgrades will also be included, featuring the latest Full Self-Driving (FSD) beta, real-time traffic visualization, and a theater mode for rear passengers—a feature well-suited to longer family drives. Final Thoughts With this latest addition, Tesla is not just responding to consumer demand—it’s setting the tone for how EVs can adapt to regional market needs. The Tesla Model Y 6 seater represents a smart blend of …