J U N E J U L Y 2 0 2 2 | V O L U M E 3 | I S S U E 4
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11 PAWAN SOAMI Managing Director, COMSOL India 12 HIMANSHU JADHAV CEO & Director, Jendamark India Pvt Ltd Smriti Charan Nivisha Sinha advertise@firstviewgroup com Sadhana Raju Shenvekar Vaibhav Enterprises ADVERTISING CIRCULATION PRINTING Firstview Media Ventures Pvt Ltd Ashwini Chikkodi Nikita Salkar editorial@firstviewgroup com Sadhana Raju Shenvekar Pallab Kumar Rana publishing@firstviewgroup com Radha Buddhadev Neha Barangali design@firstviewgroup com PUBLISHING EDITING CONTENT DESIGNING CONTENT THE CHAMPIONS CORNER 16 18 20 FEATURED TALKS IN CONVERSATION PERSPECTIVE OPINION EHTA KALYAN C KORIMERLA DR AKSHAY SINGHAL MADHUMITA AGRAWAL n, EKA Mobility & Pinnacle Industries Limited Managing Director & Co Promoter, Etrio Automobiles Pvt Ltd Co Founder & CEO, Log9 Materials Co Founder & CEO, Oben Electric Haryana Becomes the Newest state To Join the EV Policy Bandwagon What Are The Key Takeaways? EV adoption drives into a debt end Facilitating credit access key to adoption and transition goals India’s EV Startup Ecosystem The Perfect Setup to Speed Up India's Electric Journey Lithium Battery Recycling in India Readiness level for the Electric Vehicle Era 22 26 24 27 34, 36 NEWS 04 INDIA NEWS E MOBILITY RESEARCH 29 28 30 32 POLICY & REGULATORY INDIA WILL NEED 260 GWH OF ADVANCED CHEMISTRY CELL BATTERIES ANNUALLY BY 2030: NITI AAYOG POLICY DEBRIEF MARKET STATISTICS STATE SUMMITEV AWARDS 2022 TELANGANA DELHI
As part of the alliance, 100 electric 3 wheeler cargo vehicles powered by SUN Mobility’s swap technology have already been deployed across Delhi NCR and Bangalore, and in the next year, SUN Mobility and LetsTransport plan to expand this e Ashwa Automotive Private Limited has acquired a 100% stake in the electric two wheeler company of North East India, Stripes Motors Pvt Ltd e Ashwa has also released 12 models of electric two wheelers and Motovolt’s e cycles will be made available to remote villages in India under the terms of the partnership This partnership will increase the quality of life in areas where public transport is scarce by offering a convenient commute option 300 permits have been issued by Delhi Metro for electric autos to be driven by women in order to provide last mile connectivity for commuters ETO Motors, an electric mobility solution provider, has been granted permits
Bureau Of Indian Standards Releases New Performance Standards For Electric Vehicles Batteries
Ola Electric To Invest USD 500 Million In A Bengaluru Cell Research And Development Centre EV Startup Mecwin India To Set Up Rs 50 Cr Manufacturing Facility in Karnataka
PARTNERSHIPS> JUNE JULY 2022 fleet to over 2000 vehicles, contributing to the fast growing EV based last mile delivery segment a few electric three wheelers under its own brand e Ashwa LetsTransport Partners with SUN Mobility to Electrify Last mile Delivery Through Battery Swapping e Ashwa Automotive Acquires 100% Stake In Stripes Motors Motovolt Mobility Partners With CSC Grameen E-Store To Make Electric Mobility More Accessible Across India Delhi Metro Issues 300 Permits To Electric Autos For Last Mile Delivery Tata Motors Signs An MoU With EC Wheels India Pvt Ltd For The Biggest EV Fleet Deployment In Eastern India
The company announced the setting up of the Battery Innovation Center (BIC) in Bengaluru The BIC would be the largest and most advanced cell research and development facility in the world, with over 165 innovative lab equipment
The manufacturing facility, the country’s first of its kind for indigenous EV motors and controllers, will come up in Bengaluru and will become operational by the end of this year Armed with futuristic technologies, the facility will have an initial manufacturing capacity of 2,000 units per day and will cater to the high demand for indigenous mid drive and hub motors from key EV Original Equipment Manufacturers (OEMs) in the country
Tata Motors announced its partnership with EC Wheels India Pvt Ltd to deploy 1,000 XPRES T Electric sedans for cab transportation The signing of this MoU makes for the biggest ever EV fleet order in the region
INDIANEWS BUZZ> JUN-JUL ISSUE 2022 | PG 04| INDIA
The standard comes for electrically propelled road vehicles and test specifications for lithium ion traction battery packs and systems The new standards include a test process for the basic characteristic of electrical functionality, reliability, and performance for battery packs and systems
JUN-JUL ISSUE 2022 | PG 05| INDIA
Matter, An Electric Two-Wheeler Startup Raises $10 Million Funds Expand Its Manufacturing Capacity India’s Attero Recycling To Invest $1 Billion In Lithium Ion Recycling As Electric Vehicles Take Off
EVIFY raised Rs 80 lakh in a Seed financing round This was led by angel investors such as We Founder Circle The funds will be used for team building, technology development, and scaling up the company’s operations According to Uday Narang, the Chairman of Omega Seiki Mobility, the company plans to issue an Initial Public Offering (IPO) worth USD 200 250 million by the end of the first quarter of the next financial Turno, a commercial electric vehicle startup based out of Bengaluru has raised equity funding of $3 1 million Stellaris Venture Partners and Avaana Capital led the investment In just two months, the company has claimed to have seized a 75% Battery Smart, a battery swapping network for electric vehicles, announced that it had closed a Series A round of funding for $25 million Tiger Global led the round, with participation from Blume Ventures as well as Orios Ventures year. It will be Rs 1,580 crore to Rs 1,975 crore at the current exchange rate market share in Bengaluru’s retail cargo three wheeler sector It has collaborated with major OEMs such as Piaggio, Mahindra Electric, Omega Seiki Mobility and Etrio among others
Kinetic Green Energy Partners With Cholamandalam Investment And Finance Company To Provide Smart And Easy Financing Options For Its Vehicles
iVOOMi Energy announced plans to invest Rs 200 Crore in Pune’s new manufacturing plant and further it’s Research & Development
iVOOMi Energy Plans To Invest Rs 200 Crore For Setting Up New Manufacturing Plant In Pune
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The company will have a manufacturing facility operational by March 2023
The company, which is based in Kolkata, currently manufactures electric bikes at Taratola near the city It plans to raise funds for electric scooters and bikes on the same premises. Manohar Bethapudi (head of growth and strategy), told that advanced talks have been held with domestic and foreign PE investors Attero Recycling, an E waste Recycling company, plans to invest $1 billion to increase its lithium ion recycling capacities across the world to three lakh metric tonnes per year by 2027, according to a top official Attero currently recycles 3,500 MT of Lithium ion in India The company is increasing its capacity by October 2022 to 11,000 MT The company plans to increase India’s capacity to 50 000 MT by 2027 Raises Rs 80 Lakh In A Seed Financing Round
Kinetic Green Energy and Power Solutions has brought in Cholamandalam Investment and Finance Company, a unit of the Murugappa Group to provide smart and easy financing options for its range of electric two wheelers and battery operated three wheelers Matter, an electric two wheeler startup based in Ahmedabad, has raised $10 Million in its most recent round of funding Capital 2B Fund1 was a technology fund that was backed by Infoedge, Climate Angels Fund and other prominent Indian and foreign HNI’s were the key investors
JUNE JULY 2022INDIANEWS JUN-JUL ISSUE 2022 | PG 06 FINANCE AND INVESTMENT> EVIFY
Omega Seiki Mobility To Offer Initial Public Offering Of Worth USD 250 Million Turno, A Commercial EV Startup Raises Equity Funding Of $3.1 Million Battery Smart, An EV Startup Raises $25 Million In Series A Funding Round
Led By We Founder Circle
JUN-JUL ISSUE 2022 | PG 07| INDIA
JUNE JULY 2022INDIANEWS JUN-JUL ISSUE 2022 | PG 08
India’s Gross EV Sales Is All Set To Reach 8 9 Lakhs In This Fiscal Year
75% Of India’s New Passenger Vehicle Sales In 2050 Could Be Electric Report Solid State Batteries Can Further Boost Climate Benefits Of EVs Study
The Indian Electric Vehicle Sector Has Seen A 108% Increase In Employment Over The Past Two Years Survey
Electric passenger vehicles could comprise 30 per cent and 75 per cent of the new vehicle sales in India by 2030 and 2050, respectively, according to an independent study released by the Council on Energy, Environment Solid state batteries can reduce the carbon footprint of electric vehicle batteries by almost two fifths further increasing EVs’ advantage over fossil fuel vehicles That’s according to research commissioned by Transport & According to a report published, in 2021 the Indian electric rickshaw battery market size stood at $141 3 million which is predicted to hit $295 4 million by 2030, advancing at an 8 5% CAGR from 2021 to 2030 This will be owing to the decreasing India’s gross electric vehicle sales is all set to reach 8 9 lakhs in this fiscal year During fiscal year 2021 22, the electric vehicle sales was 3 4 lakhs In January May last year, the two wheeler sales was 27,751 units and in 2022, it rose to 198,373 units and Water (CEEW) India’s freight service demand is also expected to jump five times to 10,000 billion tonne kilometers by 2050 from nearly 2,000 billion tonne kilometers in 2020 Therefore, green hydrogen and natural gas would have to play a crucial role in reducing emissions from the freight transport sector Environment (T&E) from Minviro The research also finds the new technology can reduce the climate impact of batteries even further by 39% compared to current lithium batteries if solid state batteries are made using the most sustainably sourced materials prices of these components, government initiatives for clean mobility, beneficial operative price of electric rickshaws, and their growing average age
Indian Electric Rickshaw Battery Market Value To Hit $295 4 Million By 2030 – Report
Global Electric Mobility Readiness Index (GEMRIX 2022) has revealed that Norway is the world’s leading EV adoption country Arthur D Little, a management consulting firm, uses GEMRIX to measure EV adoption trends. It considers four key parameters: markets, customers, infrastructure, and governments GEMRIX was calculated for 15 countries, of which India is the 11th in market readiness to adopt electric vehicles
A survey shows that the Indian electric vehicle sector has seen a 108% increase in employment over the past two years Bengaluru is the leader in talent location. According to a survey by CIEL HR Services the EV segment is growing in popularity among metro areas The survey found that Bengaluru has the highest number of EV talent postings at 62% Next are Delhi (12%), Pune (9%), Chennai (3%) and Coimbatore (6%) respectively In the first 6 months of 2022, more than 25,890 electric vehicles were sold in Delhi They accounted for 9 3% of all registered vehicles in the capital up to June 30, according to a report The report stated that in the first 6 months of 2022, an average of 143 EVs had been registered in Delhi every single day. On average, 71 EVs were sold each day last year. With 6 more months remaining in the year, EV sales are expected to surpass all records in 2022
INSIGHTS>
Three wheeler sales between this was 46,525 last year and now it is 106,233 Car sales was 3,367 and it rose to 12,601 | INDIA
Delhi Sales More Than 25,890 Electric Vehicles In First 6 Months Of 2022 Report Readiness Index (GEMRIX 2022)
JUN-JUL ISSUE 2022 | PG 09| INDIA
The first of its kind truck in India, the Olectra tipper, with a 220 km range on a single charge, is built with a heavy duty bogie suspension tipper capable of managing gradability of more than 25%
Equipped with a bigger (by 25%) and more powerful 3 7 kWh battery, the newest Ather has an ARAI certified range of 146km and a ‘TrueRange’ of 105km on a single charge. The 450X Gen 3 is priced at Rs 155,657 (ex showroom, Bangalore) and at Rs 149,934 in Mumbai, Rs 146,340 in Pune and Rs 139,007 in Delhi.
heavy duty electric truck trials
The 450X Gen 3 has a new ‘Smart EcoTM Mode’ that allows riders to enjoy cruising in ‘Ride’ mode whilst offering the range of ‘Eco’ mode The upgraded version will offer five ride modes Warp, Sport, Ride, SmartEco, and Eco The maximum power output in Warp mode is 6 2 kW (8 7 hp)
Honda has also introduced its advanced intelligent safety technology "Honda SENSING" for the first time in India with the new City e: HEV. City e: HEV offers three driving modes: EV drive, hybrid drive, and engine drive, along with regeneration mode during deceleration
The city model range features a self charging two motor strong hybrid system connected to a 1 5 liter petrol engine, entailing a peak power of 126 PS and fuel efficiency of 26 5 km per liter
The platform will underpin Tata's larger electric vehicles; the first production model to hit showrooms by 2025.
TATA launches New EV Model Name TATA Avinya
The model comes with safety features, including a collision mitigation braking system (CMBS), adaptive cruise control, road departure mitigation (RDM), lane keeping assist system (LKAS), and auto high beam
Honda launches hybrid electric vehicle City e: HEV Ather Energy launches new 450X Gen 3 with 146km range
The Avinya EV concept uses the Tata Gen 3 EV platform
Olectra Greentech launches
JUN-JUL ISSUE 2022 | PG 10 JUNE JULY 2022INDIANEWS NEW LAUNCHES>
It is expected to have a minimum range of 500km
The Ioniq 6 will have a driving range of about 610 kilometers (380 miles) It will come in two battery pack options 53 kilowatt per hour (kWh) and 77 4 kilowatt per hour (kWh)
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Hyundai Motor launches first electric sedan Ioniq 6 Avinya EV concept showcases Tata's firstborn electric platform
JUN-JUL ISSUE 2022
The COMSOL Multiphysics® software continues to be at the forefront of new automotive research as well as electric vehicle (EV) development.
PAWAN SOAMI Managing Director, COMSOL India How is the year 2022 progressing for COMSOL? Any key developments? Kindly introduce us to the COMSOL Product Suite and its highlights
CONVERSATION HIGHLIGHTS | INDIA
The fundamental shift toward electrification in the mobility space has increased the demand for innovative technologies Due to this, we expect to see multiphysics simulation play a key role in improving the understanding, design, and optimization of new EV technology and more efficient batteries and electric motors which constitute the fulcrum of the electrification trend We are also witnessing a focus on the development of sensors and antennas, sound systems of higher quality, improved brake technologies that are able to handle new drivetrains and harvest energy, and more. Innovating and performing design iterations with physical experiments is expensive in terms of time and resources
COMSOL Multiphysics® has recently included a dedicated add on product for the simulation of fuel cells and electrolyzer systems. This is just a glimpse of what COMSOL offers.
COMSOL Multiphysics ® is a software platform for creating multiphysics models. You can also create your own simulation apps with the built in Application Builder and efficiently store and perform version control of your models with the platform’s Model Manager In addition to the platform product, COMSOL Compiler™ and COMSOL Server™ enable you to compile and deploy simulation apps We have several additional modules across different categories (such as the AC/DC, CFD, Heat Transfer, Structural Mechanics, Acoustics, and Battery Design modules, to name a few) that provide specialized functionality and
COMSOL Multiphysics® provides design engineers with a streamlined way to validate and optimize their designs. Not only can the COMSOL® software simulate thermal runaway propagation in battery packs, but it can also predict its onset with cell level electrochemical models.
PG 11 FEATUREDTALKS
What is COMSOL aiming for in 2022? |
Our team is currently focused on the development of the new version of COMSOL Multiphysics®, which will have various updates relevant to the growing EV space There will be new functionality for modeling batteries, motors, and power transmissions The new features will also assist users in solving pressing R&D problems These include thermal runaway in battery packs, which is one of the main issues in EV development right now Not only can the COMSOL® software simulate thermal runaway propagation in battery packs, but it can also predict its onset with cell level electrochemical models We have also seen a lot of focus on the R&D of fuel cells for industry use COMSOL Multiphysics® has recently included a dedicated add on product for the simulation of fuel cells and electrolyzer systems This is just a glimpse of what COMSOL offers For more information and to stay up to date on new developments, visit comsol com
COMSOL Multiphysics® provides design engineers with a streamlined way to validate and optimize their designs Researchers can accurately account for a number of different physical effects by coupling multiple physics in a single model For example, we can predict the noise and vibrations generated in motors by coupling electromagnetics, structural mechanics, and acoustics Furthermore, we can study and optimize the thermal management of battery packs by modeling a system that couples electrochemistry, heat transfer, and fluid flow connect seamlessly for a modeling workflow that remains the same regardless of what you are modeling We also offer interfacing modules for connecting with CAD and other third party software. According to you, what are some upcoming technology trends that we are likely to witness in the EV space? How can multiphysics simulation be leveraged for new mobility solutions?
The COMSOL Multiphysics® software continues to be at the forefront of new automotive research as well as electric vehicle (EV) development. For instance, our software has assisted in the development of more efficient motors and batteries and in the prediction and optimization of noise and vibrations in the vehicle The use of our software has been expanding worldwide and across all sectors including private industries government research organizations, and academia We have also conducted several events, including our 1 day COMSOL Days, which focus on the role of multiphysics simulation in specific areas, such as automotive R&D, electromagnetics, design optimization, and more COMSOL Days have garnered great participation globally from industry professionals and researchers across all fields
So far, 2022 has been extremely fruitful in terms of improving our products and expanding their usage
JUN-JUL ISSUE 2022 | PG 12 FEATUREDTALKS
Jendamark’s human centric approach helps to provide our customers a solution suitable per their requirements considering the current industry situation increasing operator efficiency, Production rate, Data Traceability etc. The company also has pioneered the industry 4 0 revolutions, by implementing augmented reality, VR & innumerable software apps developed by his efficient team of professionals from the group The challenge was to create ‘self belief’ in everyone. We come from a pure manufacturing background and the automation space involves conceptualizing, designing, programming and taking overall responsibilities as a turnkey solution provider This transition was challenging We added 250 employees in the course moved into a new facility, & revenue grew 5 times in 3 years It was important to not lose focus on customers and ensure we deliver to whatever we committed The average age is less than 30, so there is no dearth of enthusiasm & energy, the challenge is to channel this energy to meet the expectations of our customers and the board
"Jendamark lives by ‘Passionate about technology, focussed on people and we encourage everyone to embrace the digital transformation” In 2014, Jendamark Automation, headquartered in South Africa entered the Indian market and offered the Indian customers a unique blend of world class engineering solutions at a competitive cost through its Indian subsidy, Jendamark India Jendamark brought to the table its 30+ years of operating across the world which ensured that its young Indian team had the right guidance and support The Jendamark group board consisting of its MD, Quinton Uren, Siegfried Lokotsch, Yanesh Naidoo & Graeme Van Zyl have been hands on with the Indian business lending their experience as the company grew The Indian arm, Jendamark India has achieved the unique distinction of having both, automation and IT experts working together to deliver 1st in class solutions to the Indian Industry under the capable leadership of CEO, Himanshu Jadhav We understand business in the region while offering manufacturing quality that meets the highest international standards Jendamark has its own developed software ODIN Eco Systems which includes various digital services like ODIN Manufacturing ODIN Maintenance, ODIN Ensure, ODIN Documentation and a lot more.
All our solutions are equipped with our own Industry 4.0 ecosystem of products called ODIN Manufacturing, developed to assist with process security, operator guidance, data traceability and IOT enabled services. This perfect blend of automation and software solutions for all EV related manufacturing creates a one stop shop for all our customers’ needs.
CEO & Director, Jendamark India Pvt Ltd.
HIMANSHU JADHAV
CONVERSATION HIGHLIGHTS
Please give us an overview of the company, its journey and its evolution?
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Jendamark India is a pioneer in providing customised, indigenously developed assembly line and testing solutions to several electric vehicle (EV) manufacturers. These range from component level lines for battery packs, motors, rotors, transmissions and MCU to solutions for vehicle level assembly.
JENDAMARK INDIA, OFFERING ECONOMICAL FINEST AUTOMOTIVE SOLUTIONS
The most noteworthy feature of our business is the relationship with our customers like Sharda Motors, Exhaust Emmission Pvt Ltd Faurecia, Tenneco, Mahindra’s, Cummins, ZF’s, Dana, Skoda, Ashok Leyland, Kalyani Technoforge etc. Every project has its challenges and we try to mitigate them, if the risk stays put, we work very closely and transparently with our customers to resolve it Automation coupled with digitalization is the right combination for developing economies like India with one of the highest ‘young’ populations Effective use of technology will give us more time to do innovative and creative things Our biggest achievement is the trust the customers show us when they approach us for their critical projects We have associated ourselves with developing a local Government school; we believe that empowering an individual through education is far more effective than providing him or her with any short term measures to meet his immediate needs
Which are the factors that make your company stand out in the market?
How has digital technology evolved in the automation industry? What are some digital technologies in use in your services?
offers a complete turnkey solution in 5 different business verticals 1, Powertrains 2 Catalytic converter Assembly Lines 3 Electric Vehicle Assembly Lines 4 Aerospace tooling’s 5 Digital Services
Programming and after sales services
As more and more organizations realized the significant productivity and cost savings benefits of Business Process Management software solutions; they began looking for new and improved technologies to simplify complex business processes This led to the development of digital process automation (DPA) solutions Digital process automation solutions allow organizations to leverage digital technology to automate one or more tasks involved in a business process DPA achieves this by using advanced technologies like machine learning (ML), robotic process automation (RPA), and artificial intelligence (AI).
Assembly: The machine or line is assembled and checked to ensure that everything works as it should and meets the highest quality standards.
Software Engineering: Technology forms an integral part of every Jendamark machine. In the age of Industry 4 0, software controls are an essential part of the design phase and work seamlessly with the mechanical and electrical hardware
Manufacture: Once a design is signed off by the customer, the physical manufacturing of the actual machine or production line takes place.
Some digital trends that we are likely going to see in the coming future are: info@jendamark.in, www.jendamark.in, 7722027005
Jendamark provides cost effective solutions with the latest innovative technology What sets us apart is our human centric approach toward handling each and every situation We value the attitude of our people more than their technical knowledge Passions, tenacity and never give up approach are fundamental to every individual in our team, regardless of their role We take responsibility for our commitment no, matter how painful the consequences, we always, always finish what we started and we never walk away. We also believe in being honest about our ideas and actions However difficult this may be in the short term, it always leads to a positive outcome in the long run Being candid with ourselves is challenging, but it is often more so with our customers (They sometimes take the wrong decisions and we have to tell them that) "We strive to honour the truth it is the responsible thing to do and leads to business success for all " What are some digital trends we are likely to see in the coming future? How is Jendamark keeping up with the same?
This is what you can expect from our process:
Jendamark What differentiates us from our competitors is that we have the perfect blend of automation and digital services which provides our customers solutions with accurate data, accurate reports on their fingertips along with operator guidance which plays a huge role in any production line. Jendamark provides solutions right from concept designs, manufacturing, Assembly,
Some digital technologies used in our services is our own developed Digital software Odin We have various products under Odin and those are:
Robotic process automation
Intelligent business process management
JUN-JUL ISSUE 2022 | PG 13| INDIA
What are the specialties of your assembly solution?
Installation: The final product is then boxed and shipped to the customer’s facility Jendamark’s team follows the assembly system and installs it on site Commissioning: The machine or line is then disassembled and reassembled in the commissioning department, where the customer will check that it functions according to the design specifications and provide a final sign off.
After sale services: Jendamark machines are designed and built according to the highest quality standards and come with either a 12 or 24 month warranty, depending on the facility involved A 24 hour on call service is available for the full duration of the warranty period
Artificial Intelligence Advanced analytics
Odin Workstation: Manges the entire production process and improves line efficiencies. Odin Maintenance: Cloud based solution for preventative and predictive maintenance Odin IOT: Gather valuable performance data straight from your machine to predict and avoid problems Odin Future factory: Future proof your factory with smart production technologies like Virtual Reality, Augmented Reality, Future Developments Odin Health: Coordinate your employees' health and wellness program with a single app Odin Insights: Advanced analytics and insights derived from collected data with smart notifications and conversational AI
Concept and designs: The design department works with the customer to understand their requirements If an innovative approach, beyond the standard solutions is required the research and development team will step in to assist Jendamark does its Design approval in VR in order to give our customers a “Hands On” experience of the line before its even designed This helps them to get a clear idea of what we have designed and if any changes are required those can be done in the initial phase only Once the concept is approved, it proceeds to a final design
Many players are overbooked and still blocking the market space
CONVERSATION
The Government of India has undertaken multiple initiatives to promote the manufacturing and adoption of electric vehicles in the country With the considerable expansion in the public EV charging infrastructure, and various steps taken by DHI FAME, State EV policy with subsidy exclusive to State Government Transport Units (STUs), the movement of electric bus deployment is expected to be around 8 10% Despite all this, we still have a long way to go to expedite the electric bus adoption, and I believe that largely the reasons are: We recently launched our first zero emission, pure electric, 9 metre city bus, EKA E9 and we are also through with the product design and validation of our first light commercial vehicle, which will be launched later this year This year we will also introduce our smart lean factory concept to localize the supply chain by providing the design & framework of these factories along with processes and systems that enable these factories to perform Going forward we plan to introduce Standard Bus (12mtr), Coach, and Hydrogen fuel cell vehicles
Charging and parking facility for buses are yet to start
HIGHLIGHTS
INCONVERSATION
Founder & Chairman, EKA Mobility & Pinnacle Industries Limited
Dr. Sudhir Mehta
Subsidy is given only to the State Government Transport Units (STUs), the tender process is generally 6 months and deployment time is 1 2 years Hence, the delay
What is the strategic vision with which EKA was set up? What is the company aiming to achieve in the next 5 years? What is your view on the government initiatives to boost the EV sector? What more can be done?
With our more than 25 years of legacy in the commercial automotive space, we looked at it as a responsibility of enabling and transforming the current commercial transportation system into a Safe, Smart, Sustainable & Integrated ecosystem We wanted to build this entire ecosystem in commercial electric mobility that is focused on de choking cities from traffic congestion, making public and commercial mobility comfortable & most importantly, profitable, thereby easing the life of citizens, protecting the environment, and offering the best total cost of ownership to Governments, businesses & operators With EKA, we are committed to transforming businesses with our core values of Environment Focus Conscious Innovation, and Reliable Mobility We are unleashing an array of innovations, such as mobility as a service, new energy vehicles, advanced battery technology, profitable last mile delivery vehicles, in house vehicle control software solutions, revolutionary smart lean factories concept, vehicle, and battery recycling, modular vehicle platforms and components We have created a new ecosystem of technology, manufacturing, and distribution of electric commercial vehicles And this know how and resources will be shared in a democratized manner to further optimize costs and increase the viability of electric vehicles Our vision is to become a global volume leader in commercial electric vehicles that accelerate development and benefit businesses in a sustainable manner Our concept is entirely Made in India for India and the World, that is why we like to call it #BharatKiEKA
Financiers are very hesitant to do the funding of the EV buses, due to huge Capex costs and charging higher IRR
JUN-JUL ISSUE 2022 | PG 14| INDIA
No subsidy is given for private sales for buses, whereas there is DHI / State EV policy subsidy for 2 W/3 W/ 4 Wheeler.
With EKA, we are committed to transforming businesses with our core values of Environment Focus, Conscious Innovation, and Reliable Mobility. Our concept is entirely Made in India for India and the World, that is why we like to call it #BharatKiEKA I firmly believe that in the next ten years, India will be the largest EV market outside of China.
INCONVERSATION
Any piece of advice for budding entrepreneurs wishing to enter the EV sector?
We recently launched our first zero emission, pure electric, 9 metre city bus, EKA E9 and we are also through with the product design and validation of our first light commercial vehicle, which will be launched later this year.
The future of mobility is at a critical point of inflection According to NITI Aayog and RMI, EV sales penetration is slated to reach as high as 30 percent of private cars, 70 percent for commercial vehicles, and 80 percent for two and three wheelers by 2030, elucidating the massive opportunity for not just emerging startups but also traditional OEMs.
The potential of EVs presents a promising opportunity for budding entrepreneurs to explore innovations in telematics, battery technology, and battery management systems, creating robust charging infrastructure, fleet management, fintech opportunity, and product innovation
While growth in the electric vehicles industry is on an upward tick, it has much ground to cover to be able to realize the government’s ambitious 2030 target The consumer perception of electric vehicles in India is still weak compared to internal combustion engine (ICE) vehicles ICE due to range anxiety high price point resale value battery technology, lack of awareness, safety issues, etc
Despite this, both, consumers and governments, are becoming more open about adopting e mobility than ever before Mass adoption of EVs in India has started with two wheelers, three wheelers, and buses 2 wheelers, 3 wheelers, last mile transportation segments, and buses are expected to drive electric vehicle growth in India Battery & EV manufacturing scale up has happened and along with the Make in India plans of the government, India is slated to be one of the world's largest exporters in the segment We are confident that with the Government of India’s push, favorable policy implementation, growing innovation, and new market entrants, we will be able to achieve our vision of a clean, green, electric future I firmly believe that in the next ten years, India will be the largest EV market outside of China
What do you have to say about the EV start up ecosystem in India? How can it be enhanced further?
As we advance toward a more sustainable future, electric vehicles have taken center stage with a substantially improved level of technology and knowledge in the sector over the years The goal of lowering pollution and reliance on imported oil has strengthened the case for EV adoption India’s electric vehicle market is rapidly expanding and is one of the largest untapped markets in the world
Demand, sales, and manufacturing have all been increasing, and given the market size, potential, and investors sentiment, the sector has witnessed various new market entrants New brands, new products, new solutions the sector is poised for unprecedented growth EV start ups continue to make headlines as these fresh entrants are disrupting an industry dominated by traditional automotive brands. Cutting edge innovation and safety technologies are important for this segment to grow further, and if policymakers can drive investment and capital towards the startups pushing through new battery technology, standardization of charging infrastructure, EV financing and long term cost efficiencies India has a prime opportunity to achieve its electrification and sustainability goals
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Our vision is to become a global volume leader in commercial electric vehicles that accelerate development and benefit businesses in a sustainable manner.
Where do you see India positioned to achieve its 2030 vision of E Mobility?
With that vision, we founded AIC Pinnacle Entrepreneurship Forum, registered as a Section 8, Not for profit legal entity, supported by Pinnacle Industries, Atal Innovation Mission, NITI Aayog, Ministry of MSME, and Ministry of Electronics & IT, Government of India With more than 20,000 sq ft of incubation, co working, prototyping, testing, and manufacturing space, we support 100+ start ups in the smart mobility, manufacturing, agriculture, and social innovation sectors We have been successful in transforming the ideas and vision of 30+ startups from the electric mobility space, into scalable products, services, and models by facilitating workspace, appropriate mentorship, access to investors, funding, technical & manufacturing capability support, and much more
India is one of the global leaders in fighting climate change and has ambitious plans to transition from ICE vehicles to EVs in the years to come With the increasing numbers of 2W and 3W EVs in the nation’s logistics transport, last mile, and e commerce delivery segment, India’s efforts will certainly go a long way in reducing emissions We at Etrio believe that India’s EV transition will be spearheaded by commercial EVs
Kalyan C Korimerla
JUN-JUL ISSUE 2022 | PG 16| INDIA
Managing Director & Co Promoter, Etrio Automobiles Pvt. Ltd.
India’s Road Transport Minister Shri Nitin Gadkari has recently vowed to soon bring down the cost of electric vehicles in India at par with petrol based counterparts.
In recent years, EV manufacturing in India has caught up quite a bit, with close to four lakh 3 wheeler vehicles sold in 2021 22 while registering a 168% YoY growth We expect a similar trend to continue in 2022 23 3 wheeler cargo and 4 wheeler cargo will drive growth in the next few years And companies like us have been allocating significant R&D budgets for new product launches While most of the early OEMs built their vehicles by integrating various imported components, this trend has reversed quite significantly in recent months We at Etrio have significantly increased the domestic content in our vehicles and completely transitioned to a domestic powertrain for our 3W product The country today still needs to make significant investments to localize most of the key components so that the reliance on imports goes down drastically in the years to come and to ensure that India becomes “Aatmanirbhar” in the EV space
The ‘Make in India’ initiative of the Government, in particular, is playing a major role in terms of boosting the EV manufacturing ecosystem in India
Since commercial EV vehicles offer superior operating economics, financing the cost of vehicle purchase at reasonable interest rates will drive the adoption of EVs even further India still lacks adequate financing support for EVs from banks and financial institutions In addition, other challenges such as the rising cost of batteries and commodities, shortage of semiconductor components, increased logistics costs, etc , will persist in the short term Hence, the Government should support the Industry by allocating more resources to support subsidies so that the current momentum continues
INCONVERSATION
The ‘Make in India’ initiative of the Government, in particular, is playing a major role in terms of boosting the EV manufacturing ecosystem in India We at Etrio have significantly increased the domestic content in our vehicles and completely transitioned to a domestic powertrain for our 3W product Our approach is to focus on innovation and deliver vehicles that truly address our customers’ issues and work closely with them in building reliable and intelligent products with superior economics while delivering a superior customer experience
How will you evaluate the market acceptance so far? What are the key retarding factors for the anticipated market growth?
CONVERSATION HIGHLIGHTS
How do you see the evolving EV space in India? Are we on the right track to achieving our net zero goal? Are the current policies enough to encourage the EV push and how do you see the Make in India initiative?
The market acceptance of EVs is increasing at a rapid pace and is bound to increase furthermore in the times to come, given the use cases for EVs in vehicle fleets are ever expanding as the technology drives innovative solutions As a pure play EV company, we would like to continue to stay on the leading edge of this transformation and develop products that enable greater EV adoption Initial market adoption has been in the 2 wheelers and now it is the 3 wheelers Other segments such as LCVs and MCVs will be next in terms of adoption and demand growth
The regulatory and policy ecosystem for e mobility in India is evolving; however, there has been a lot of policy push for EVs across verticals, industries, and geographies Various Indian states are coming up with and implementing their own state specific EV policies, in addition to the Central Government’s ongoing efforts and policies
In the upcoming years, the future of EVs looks brighter than ever before The Indian Government has chalked an ambitious vision of minimum EV penetration of 30% in the passenger car segment, 70% in commercial vehicles, 40% in buses, and 80% for two and three wheelers by 2030 Further, India’s Road Transport Minister Shri Nitin Gadkari has recently vowed to soon bring down the cost of electric vehicles in India at par with petrol based counterparts All such positive developments, we believe, would be playing a pivotal role in ushering in a large scale EV boom in India in the years to come, and are a testimony to the fact that we are on the right track to achieving our net zero goals for the mobility sector
INCONVERSATION
In our view, the 3 game changing technological developments that would drive faster EV adoption would be: 1) Lighter and High Energy Density Batteries, 2) Charging Infrastructure and Fast Charging, and 3) Artificial Intelligence and IoT
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As one of the leading 3W & ELCV manufacturers, which are your most targeted segments? What Will Be Your Mantra to Win the Indian EV Market?
Etrio is committed to “lead cargo fleet electrification” in India Etrio’s products are designed to address the last mile applications of our customers in e commerce, logistics, FMCG, farm to fork, waste management, and other retail applications Our approach is to focus on innovation and deliver vehicles that truly address our customers’ issues and work closely with them in building reliable and intelligent products with superior economics while delivering a superior customer experience
Improvements in charging infrastructure and reduced charging times with fast charging will also play a key role in increasing EV adoption This will enable long distance routes for EVs and also help in greater EV adoption in several applications that are currently served only by ICE vehicles EVs have been leading the way in IoT enabled vehicles. This enables our customers to gather a lot of data on the use cases and driving patterns of individuals as well as fleets Artificial Intelligence (AI) provides the ability to constantly analyze the data and learn, leading to smarter asset usage and route
Within a short span of time, Etrio has emerged as the OEM of choice for the e commerce and last mile logistics players in the country, with our vehicles being deployed for fleet electrification with players such as Amazon, Flipkart (Walmart), IKEA, Gati, DHL, Delhivery, BigBasket, Lighting Logistics, LetsTransport, among other leading industry players Also, Etrio’s vehicles have cumulatively accumulated approximately 5 million in service km , thereby enabling us to constantly learn from important data points on the performance of various key parameters of the vehicles in real world use cases The insights from such experiences have laid the foundation for the launch of our next generation EVs with the aim to truly address our customers’ pain points At Etrio, we believe that we need to deliver customer experience not only by helping a traditional ICE vehicle driver to transition to an EV but also by ensuring that the fleet managers can replace ICE vehicles with EVs with limited disruption and improved safety We will continue to innovate to help with this transition and rely on broader technological advances that are being made by our suppliers in the ecosystem
If you have to pick, what are the 3 technological developments you feel would be game changing for the industry? planning along with a host of other functions such as charging schedule and planning for maximum uptime and higher efficiency. In conclusion, as an EV OEM, we will continue to understand our customers’ needs and will deploy these technologies through our vehicles in order to help our customers both in terms of using EVs on more and more routes and in enabling a seamless transition from IC engines to EVs
Our approach is to focus on innovation and deliver vehicles that truly address our customers’ issues and work closely with them in building reliable and intelligent products with superior economics while delivering a superior customer experience
Battery Technology has seen some major advancements in the recent years; the next generation Smart High Energy Density Batteries are able to store much more energy while occupying much less space and weight, thus allowing the OEMs to make lighter vehicles with much longer range This will help mitigate the range anxiety, which in turn will enable the reach of EVs in more of our customers’ route profiles
As long as we stay focused on our customers’ superlative experience and keep improving our product offerings to help our customers make a smooth transition to EVs in applications that have traditionally been supported by ICE vehicles for decades Etrio will win In addition, we intend to help our customers create newer route profiles that have not been possible with ICE vehicles
What parameters are you guided by, is the key question here Many Indian companies have included NMC based cell chemistry as the chemistry of choice for their products, which is extremely sensitive to temperature We at Log9 believe that such incidents of EV fires/mishaps would become more common unless we develop ground up battery technologies suitable for Indian conditions and vehicle types In my view, Indian companies in the EV space should going forward, not compromise in terms of safety and reliability for anything else Log9 Materials was founded in 2015; it was initially incubated at IIT Roorkee’s TIDES We started off as a materials science company with a focus on nanomaterials and Graphene in particular Log9 initially was started with the vision to lead the Graphene revolution by introducing real life products starting from India and spreading to the world We also zeroed down to dedicatedly building products in the energy sector and are now focused on building the leading deep tech and advanced battery and energy storage technology company out of India Today, Log9’s products primarily cater to the e mobility space, and we have many pioneering feathers to our cap. Log9 has also amassed over 50+ industry defining patents as of date We are at the forefront of redefining the EV industry’s standards in the fight against climate change, by offering batteries that can be charged 9x faster, can last 9x longer, and offer 9x higher performance and safety Furthermore, Log9 is the only Indian company today that holds in house competencies ranging from electrode materials to cell fabrication to battery packs With an aim to make India self reliant in meeting its own electric mobility and EV transformation goals while reducing foreign dependency, Log9 has recently inaugurated India’s first indigenously developed battery cell manufacturing line and launched its made in India TiB cells. Log9's sole purpose and mission are to Pioneer Responsible Energy, and hence, we are dedicatedly working Log9 Materials is now focused on building deep tech and advanced battery and ene technology company out of India Log9 has recently inaugurated India’s first developed battery cell manufacturing line and made in India TiB cells Log9’s InstaCharged RapidEVs are engineered to perform at the highest level in extreme climatic conditions and across all kin found on the Indian subcontinent
CONVERSATION HIGHLIGHTS JUN-JUL ISSUE 2022 | PG 18| INDIA
On the other hand, when a customer chooses a Log9 powered EV, they can be sure that it comes with unquestionable dependability, and entirely worry free ownership with the longest warranty periods, thus paving the way for complete ‘Peace of Mind’ of the owner/customer towards respons without comes Planet’s
Dr. Akshay Sing
You e Perfo How d g were designed for our climatic and operating conditions?
Log9
We at custom POWER MIND T brand ta While batterie but the charges, to the basics such as handling and performance Furthermore, these Log9 InstaCharged EVs would have no compromises on the power and performance aspects as compared to ICE vehicles as Log9’s InstaCharged RapidEVs are meticulously engineered to perform at the highest level in all types of extreme climatic conditions and across all kinds of terrains found on the Indian subcontinent Therefore, in this way, Log9 is ensuring optimal ‘Power’ and ‘Performance’ like no other player in the market today
Co Founder & CEO, Materials
INCONVERSATION
The one thing that nobody is doing is making cells in India We are the only Indian company today that is developing cell technology in India When you don't have your own cell, you are dependent on some other country to procure it. And when we're procuring, are we making the right choices?
How has been Log9’s journey so far? What are the products and innovations making Log9 the pioneer?
At a time when majority of the cells and batteries used in India’s electric vehicles are being imported from other countries, Log9 unveiling the country's first indigenously developed cell manufacturing facility at its Jakkuru is a milestone that added a new lease of life for the country’s mobility vision to turn to electric significantly by 2030
INCONVERSATION
Our journey over the past 7 years has been nothing short of ups and downs. Come to have an overarching view on the ecosystem, while the decision makers at the top are sure shot visionaries and while the policies drafted have been with a view to putting India on the Fastrack, the execution at the ground level does not keep pace with all credits to the misalignment with overarching goal and bureaucracy The sheer number of startups and further the number of unicorns that have come up is a clear indication of the amount of potential the country holds, but the ecosystem definitely needs to be proactive, agile, and welcoming
In terms of ease of doing business, how would you summarize your startup experience?
You have recently unveiled the country's first indigenously developed cell manufacturing facility at your Jakkuru campus and set a perfect example of working towards the Make In India Mission. How will you define the Make In India Mission? And what impact will it have in the long run? What keeps you motivated, better innovations, or business growth?
More so, it is a perfect example of working toward the Government’s Atmanirbhar mission and represents a giant leap forward in empowering India with all the flexibility and scale that would be required to give the country the right impetus for ushering its EV led future This milestone achievement by Log9 also puts India on the global map of deep tech organizations, which shall further pave the way for the new generation Indian startups to rise and shine in the deep technology arena Needless to say, we strongly believe that Log9’s cells made in India, for India are going to play a crucial role in making India self reliant while helping the nation realize its ambitious electric mobility vision for the near future. Log9 believes in taking action over just saying empty words, and we have taken the first baby step of setting up a commercial cell line so that it can act as the DNA of the country’s sustainable future in the times to come and provide support to India’s EV transformation story With this facility, we are aiming to achieve at least 50MWh of peak cell production capacity in the next year, and then they would be scaling to over 5GWh in the next 3 5 years
Moreover, battery and EV companies need to work on developing cooling technologies that can ensure that batteries are able to perform the function without heating up Whereas the really impactful, long term solution is for India to make cells in India with chemistries and materials that are more suited for Indian conditions We at Log9 are already moving ahead on this path by creating India’s first Li ion cells named ‘TiB’ cells, that can withstand extreme temperatures of Indian and tropical climatic conditions
Our brand’s cornerstone is its purpose which says “Log9 is about paving a new path branching away from humanity’s tryst with self destruction, and fighting climate change with sustainable energy ” Log9’s vision later sprouted from the same purpose that says “To be the most respected brand in the clean mobility and energy sectors across all tropical countries by 2030 ”
Log9's sole purpose and mission are to Pioneer Responsible Energy, and hence, we are dedicatedly working towards realizing this by creating Log9’s responsible energy solutions.
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As of today, most Indian companies import Li Ion cells and make battery packs out of them. Additionally, the major challenge that India is facing is the price sensitivity of its battery packs; hence the choice of cells being imported in India are mainly NMC cells which are cheaper but come with a risk of becoming thermally unstable under hot weather conditions To overcome these issues, Indian battery companies and EV companies must select the right cell chemistry that is more suited to Indian weather and drive conditions
It is this pursuit that has always kept Log9 ahead of the industry, and our deep rooted commitment to put India on the global deep tech map has ensured our innovations redefine the Indian energy sector Couple our fight against climate change with our pursuit to push boundaries on innovation, and so we have the perfect recipe for our business growth
Prior to establishing Oben Electric, we have been consulting various global organizations in Technology, Research & Development in the EV domain where we metamorphosized a bootstrapped organization into a multi million dollar revenue generating model It started with the dream of building a product led company during our first entrepreneurial journey During that tenure, we acquired more than five years of hands on experience in the entire value chain of EV technology; from the battery, motor, BMS, charging infra, electric 2 wheeler to 4 wheeler This gave us a holistic & strong understanding of the technology trends, issues, and gaps, and also showcased massive opportunities
In terms of ease of doing business, how would you summarise your start-up experience?
Our first flagship product RORR has been designed as a premium product for the Indian masses It is an offering to meet the daily commuting needs of two wheeler owners, whilst addressing a market that witnesses a sale of 15 million units per year in India alone as per pre covid data Value deliverance is key for the EV industry and Oben Electric believes in that, backed by consumers’ expectation of an EV being similar to or better than an ICE vehicle
Firstly, India is predominantly a two wheeler driven market with motorcycles taking lead This brings us to the forefront of this huge market Secondly, Oben Electric is completely designing, developing, and manufacturing in India, keeping the Indian consumers, Indian environment, and infrastructure in mind
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Firstly, India is predominantly a two wheeler driven market with motorcycles taking lead. This brings us to the forefront of this huge market Since we are an R&D focused and technology centric company, we do not believe in offering consumers any product that is retrofitted or re engineered
INCONVERSATION
Co Founder & CEO, Oben Electric
What specific factors have been considered to tailor Oben Electric's technology for the Indian driving condition along with keeping the consumer's expectations on priority?
CONVERSATION HIGHLIGHTS
Thirdly, our performance motorcycle ‘RORR’ is benchmarked against the 150cc ICE motorcycles as a mass premium product with the highest range of 200ms (IDC), highest acceleration of 0 40 in 3 seconds as compared to competitors, and best in class charging time of only 2 hours through its proprietary charging technology, and a top speed of 100kmph RORR is completely designed, developed, and manufactured in house It has not been imported, retrofitted, or re engineered. It also has interactive connected vehicle features such as Predictive maintenance, Ride details, Battery status, Geo fencing, Geo tagging, Battery theft protection, Charging station locator, On demand service, and Roadside assistance Its ‘Combined Braking System’ makes the driver feel safe even at higher speeds and the ‘Driver Alert System’ provide riders with visual and auditory cues, indicating when the vehicle is ON, Stationary, or requires Maintenance
Madhumita Agrawal
Oben Electric is completely designing, developing, and manufacturing in India, keeping the Indian consumers, Indian environment, and infrastructure in mind We urge and request the government to help regularise EV grade cells to ensure better performing EVs in India
With this, firstly, we focussed on the design and style that is ICE comparable Secondly, we focussed on building it in house considering the Indian roads, inclines, bends, and infrastructure dynamics Thirdly, we have pioneered the use of advanced battery chemistry LFP which is meant truly for the tropical climates of our country LFPs can easily withstand 30% higher temperatures, hence putting our consumer’s safety on top We have ensured that we have spent ample time in understanding and building a product with years of technical expertise to match the Indian market, Indian consumers, and the Indian topography RORR was built ground up, backed by a team that is adept at designing specifically for the EV Industry whilst having a deep understanding of consumer needs from their prior combined EV experience of more than 25 years Since we are an R&D focused and technology centric company, we do not believe in offering consumers any product that is retrofitted or re engineered When Oben Electric was founded, the Indian EV industry was evolving Skillsets were limited in the EV sector; hence it was also a daunting task to find the right talent pool who would be the right fit But gradually, it was possible to bring on board a stellar team with prior successful entrepreneurial experience and a combined 20+ years of hands on expertise in designing, developing & manufacturing Electric two wheelers
It showcases some of the best in class specifications such as LFP battery (safest and most advanced battery type to date) than NMC With 18 patents filed for its critical components like motor, battery, controller, drivetrain, and design, RORR is truly a unique offering. What is the Uniqueness of the product and market value proposition?
Automotive itself is a very mature conventional industry and India is a huge B2C market The two wheeler industry in the EV space remains untapped basis these numbers While the low speed category caters purely to the B2B segment, there is a gap in the B2C segment for quality products Hence, we wanted to begin catering to this segment first, with a quality performance product that will be productive for the daily commuting needs of the B2C segment With this firstly we intend t consumers with ICE compara and help them through this se Secondly, we are dedica qualitative electric two whe focused on after sales servi segment Thirdly, we are a agility Currently, our focus is on delivering performance oriented B2C electric two wheelers that provide a similar or better riding experience to a customer over an ICE two wheeler. Predictive maintenance Ride details Battery status Geo fencing, Geo tagging Battery theft protection Charging station locator On demand service Roadside assistance We urge and request the government to help regularise EV grade cells to ensure better performing EVs in India Quality checks at the shop floor level need to be conducted by the manufacturer as well Do you think a regulatory framework to ensure the quality of E Vehicles should be in place? What segments of electric vehicles are you focusing on? What made you focus on the motorcycle market rather than the scooter market? INCONVERSATION RORR Ourfirstflagshipproduct Benchmarkedagainstthe150ccICE motorcycles Masspremiumproduct Highestrangeof200ms(IDC) Highestaccelerationof0 40in3 seconds Chargingtimeofonly2hours Topspeedof100kmph RORRiscompletelydesigned, developed,andmanufacturedin house JUN-JUL ISSUE 2022 | PG 21| INDIA
DIRECTOR, FEEDBACK INFRA ANURAG RAIZADA
Haryana government desires to reach 100% electric bus fleet owned by the state transport Provisions for charging of electric vehicles in places such as Group Residential buildings, commercial buildings, institutional buildings, Malls, Metro Station etc, for enabling the overall ecosystem for uptake of Electric Vehicles shall be mandatorily included by Department of Town and Country planning
Subsidy of INR 48,000 per employee per annum for 10 Years has been provided in lieu of Haryana domiciled manpower being employed with EV companies
The early bird benefits upto INR 10 lakh have been provided on the purchase of EVs or Hybrid EVs
Prelude:
PERSPECTIVE WHAT ARE THE KEY TAKEAWAYS? HARYANABECOMESTHENEWESTSTATETOJOINTHEEVPOLICYBANDWAGON JUN-JUL ISSUE 2022 | PG 22| INDIA
In order to promote EV adoption in the State of Haryana, the state’s government gave a green signal to its EV Policy for 2022. The State Government of Haryana on 8th July 2022, notified the “Haryana Electric Vehicle Policy-2022” which is effective from 10th of July, 2022 for a period of 5 years. This policy places great importance on the creation of an end-to-end ecosystem for E-Mobility in the state and envisages harnessing Haryana‘s inherent strength in the automotive manufacturing sector for supporting EV manufacturing and adoption within the state. The objective of this policy is to promote clean transportation by promoting the use of EVs in the state and to make usage of EVs affordable and easy, by setting up a widespread and accessible charging infrastructure. Under the EV policy, the government is offering a plethora of financial incentives as well to EV manufacturers and consumers. We asked some of our experts to throw light on the subject and here is what they had to say.
While the ambitious policy provides the necessary impetus required in the sector, the on ground implementation of the policy with seamless coordination between departments following a robust framework would be a key factor Improving the ease of doing business, facilitation in availing
The policy takes care of the environmental hazards in EV space through the introduction of a special financial incentive for setting up a battery disposable unit Under this, 15% of the FCI up to INR 1 Cr shall be provided to the firm that set up a battery disposable unit
Haryana joined the assemblage of states with a comprehensive EV policy to contribute to India’s goal of EV30@30 The policy declares 2022 as the “Year of the Electric Vehicles” for Haryana and also declares the cities of Gurugram & Faridabad as Model Electric Mobility Cities The Policy is based on principles of protecting the environment, reducing carbon footprint, establishing Haryana as an EV manufacturing hub, adopting EVs, skill development in the field, and encouraging R&D in areas related to EVs Haryana, home to the country’s largest car manufacturer, and being a leading car manufacturing state in India, plans to further encourage industries in the state by providing a financial incentive equivalent to 25% of the book value (up to INR 2 Cr) for the conversion of existing ICE related manufacturing units into EV manufacturing In its endeavor to make Haryana a manufacturing hub, the policy further provides a financial incentive in the form of Fixed Capital Investment between INR 15 Lakh to INR 20 Cr based on the size of the industry for manufacturers of EVs, components of EV, EV batteries, and charging infrastructure Additionally, there are incentives on Stamp Duty, exemption on Electricity Duty, and reimbursement of SGST.
The institutes/ PSU/ private companies focusing on research on the development of EV related technologies have been granted 50% of the project cost between INR 1 Cr to INR 5 Cr. Furthermore, a grant of INR 25 Lakhs is provided to the first 20 colleges which set up infrastructure related to R&D of EV.
benefits of the policy and single window clearance using technology can be a game changer Further, to boost the adoption of EVs at a faster pace Haryana Government may consider holding regular campaigns for stakeholder awareness With the states playing their part in the Vision 30@30, we will have to wait and see the participation of the citizens towards e mobility
Haryana is preceded by about 20 Indian states announcing their EV roadmaps Haryana had the unique opportunity to structure its policies to benefit from the National government’s latest schemes related to electric mobility Not having aligned its offering more closely with the PLIs on Automobile & Auto Component and ACC Battery is a lost opportunity for Haryana to differentiate itself from the bandwagon
First, is the attempt to encourage the setting up of battery disposal units in manufacturing facilities These units attract a 15 percent rebate on FCI, up to INR 1 crore While India currently lacks a general policy regarding battery recycling, encouraging such practices could ultimately drive down the cost of batteries Second, is a one time subsidy of 25 percent of a company’s book value up to INR 2 crore given to manufacturers that convert existing factories in the state to EV manufacturing units Currently home to some of the largest auto manufacturing units in the country, this could ensure that Haryana remains at the forefront of India’s electric vehicle manufacturing landscape in the coming years
The state's historical role in India’s automotive sector and its underwhelming EV adoption make its just released EV policy noteworthy
Additionally, the policy exempts electric two and three wheelers from the motor vehicle tax and registration fees and offers a special six month rebate for some categories such as e rickshaws
To encourage innovation, the policy offers financial support of up to INR 2.5 million for patents in EV manufacturing. Educational and research institutions that develop new EV related technologies or non fossil fuel based mobility solutions will be eligible for an incentive of up to INR 50 million The state has also announced a grant of INR 50 million for five centers of excellence to address skill development
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The government plans to walk the talk by transitioning its own fleets, including city buses at a similar pace.
The state which sold just 254 EVs in January of 2021 recorded its highest ever monthly sales in May 2022, with 2,277 units a 9X growth in 15 months And this was even before the notification of the state EV policy. The new policy, therefore, could accelerate Haryana’s efforts to decarbonize its road transport sector
The government of Haryana’s EV policy is envisioned with multiple overarching objectives promoting EV adoption, attracting investments, generating employment, leveraging its prowess in automotive manufacturing, and creating a supportive EV ecosystem to make Haryana a global EV hub Haryana is the first Indian state to announce purchase subsidies for electric tractors as a part of its EV policy Considering that the state is one of the top agricultural producers in India, this is a strategic move to introduce EVs to the mainstream rural market For the urban regions of the state, Haryana showcases its ambitions in EV adoption by aspiring to transform Gurugram and Faridabad into model EV cities; and has set 2030 as the target year for their city logistics’ fleets to go 100% electric
Haryana’s prowess ultimately lies in automobile manufacturing since it is home to one of the largest hubs for automobile manufacturing, and the recently announced policy champions this aspect by incentivizing various manufacturers across categories Subsidies on fixed capital investments (FCI) range from INR 15 lakhs for micro industries to INR 20 crores for mega industries This is in addition to the 100 percent stamp and electricity duty exemptions for manufacturers and a 50 percent State GST reimbursement over a period of 10 years Electricity duty exemptions have also been extended to charging infrastructure and service providers
The policy also offers purchase incentives, capital subsidies, tax exemptions, waivers, concessions, etc which have become standard provisions of state level EV policies in India Incentives for retrofitting or scrapping an ICE vehicle are a glaring omission. It is interesting to note that this EV policy is a welcome departure from its primitive draft from December 2020 which featured range extension batteries and a flat purchase subsidy of 30%
A holistic policy framework that parallelly attempts to boost manufacturing, charging infrastructure and services, and the adoption of EVs, could prove to be a gamechanger for Haryana’s EV journey By naming Gurgaon and Faridabad as champion ‘model electric mobility cities’, the policy could stimulate the EV transition across the state, based on the learnings from these two key urban centers
The northern state of Haryana abuts India’s capital; its two largest cities Gurugram and Faridabad are part of the National Capital Region which is infamous for its constant bad air quality The Delhi Gurugram Faridabad area is one of the four large automotive manufacturing clusters in India; and accounts for more than 10% of the country’s production capacity The states’ per capita net domestic product is among the top five in the country
Maruti Suzuki, Honda Motorcycles, Yamaha Motorcycles, and Suzuki Motorcycles have large scale production units in the state and contribute heavily to the state's automotive exports of $600 million To aid the transition of such traditional OEMs, the state has announced a one time seed fund of up to INR 20 million for early movers
Yet, Haryana has registered only 2 6% of India’s cumulative EV sales
pegs 2022 as the ‘year of electric vehicles’ apt, considering the pace of this sector’s growth in the last fiscal year The state’s EV policy was notified in late June 2022 and has been well received by the automotive industry While some called it ‘pathbreaking’, the draft version released in 2021 also created quite a stir
RESEARCH ANALYST, CEEW CENTRE FOR ENERGY FINANCE MEGHNA NAIR
The CEEW CEF electric mobility dashboard shows that Haryana sold 19 EVs in FY 2021 22 for every 1,000 non EVs sold The state’s new policy would attempt to grow this share significantly by boosting adoption Its strong consumer incentives range across categories Firstly, Haryana aims to power its state transport unit entirely with ‘non fossil fuel technologies’ by 2030 Secondly, it provides a direct purchase subsidy of 15 percent across different categories with varying value caps. However, what really stands out is the inclusion of ‘hybrid’ EVs in these subsidized categories one of the few Indian states to have this Hybrid technology, not associated with range anxiety, is expected to play a significant role in the transition to electric mobility by building consumer confidence in battery powered vehicles
SENIOR EXPERT, ELECTRIC MOBILITY & SUSTAINABLE TRANSPORTATION PRAMODA GODE
Haryana’s new electric vehicle (EV) policy for promoting electric mobility
PERSPECTIVE
However, there are two standout features of Haryana’s state policy
Investors have shown a lot of interest which has helped growth along Over 500 startups have raised over $700 million with the help of investors and banks. Legacy players and manufacturers have also entered the EV marketplace and have brought along with them, years of expertise, skill, infrastructure, and guidance that are further reaffirming the EV revolution in India
The Indian EV revolution is being established by innumerable new players (startups) However, the market is not fully comparable to ICE and offers opportunities to start ups that now face a difficult challenge The task is to develop an eco system that extends beyond the conventional setup This extends beyond government subsidies, tax rebates, and subsidized land parcels as well as other policies and incentives that provide a stable foundation for growth
THE PERFECT SETUP TO SPEED UP INDIA'S ELECTRIC JOURNEY INDIA’S EV STARTUP ECOSYSTEM PERSPECTIVE
On the consumer side, there are other roadblocks that need to be resolved There is a sudden surge in demand for EVs Struggling to meet this demand is the fact that EVs pose a 20% premium over new ICE vehicles Further, acquiring loans for EVs is not as easy and smooth as it is for traditional ICE vehicles, making the purchase decision even harder for consumers Difficulties in getting a loan for EVs compound the issue of meeting consumer demand Some safety incidents have raised concerns about EV technology, and safety related incidents have added to consumer hesitation which have made banks shy away from providing EV loans, as well as added to consumer hesitance These roadblocks will only be overcome by introducing safer technology, and better batteries as well as educating the customer about the safe usage of EVs and batteries
DIRECTOR, CRAYON MOTORS MAYANK JAIN
Prelude: The mobility industry is definitely going through one of its most disruptive periods globally and especially in India with electrification being one of the major drivers of this transformation. Over 100 new models of EVs are launched globally each year, and it is estimated that by 2040, one in three cars sold will be EVs. With the onset of this EV revolution and the focus on new technologies, an opportunity arises for new players to enter the sector. As many established automobile manufacturers have been a bit slow to up their EV game, many EV startups have had the opportunity to gain a foothold in the market. However, despite these opportunities, EV startups need a supportive ecosystem to help them grow and achieve their full potential. Let's understand from our valuable contributors about the present EV ecosystem and what more needs to be done to accelerate the EV transition.
India is right at the precipice of an EV revolution, which, for all intents has already begun The evolution of the Indian EV market can be measured by noting the growing number of startups that are manufacturing everything from components to electric vehicles Several state Governments are also contributing to EV startups through their own policies, subsidies, and initiatives. Discussions about transitioning to EVs that had gone on for years have now started to fructify into reality as all stakeholders are working on this exciting new industry
In terms of infrastructure, grid load is another challenge for the EV sector and one that isn’t being talked about as much as it needs to How the electric grid across India will cope with millions of EVs drawing power from it is something that needs attention as well, if the adoption of EVs has to become a reality This is especially true for smaller, tier two, and tier three towns and villages where the availability of electricity itself is inconsistent. This is yet another challenge that needs the close collaboration of OEM manufacturers, government entities, and startups with their ability to provide quick solutions that penetrate all markets
JUN-JUL ISSUE 2022 | PG 24| INDIA
The path to take this forward involves the establishment of a vast and intricate ecosystem, that involves a close collaboration between all players There are battery manufacturers, service providers, OEM manufacturers, and digital solutions generators, all building this ecosystem from the ground up The government, policymakers, manufacturers, investors, and consumers will all need to work together to help achieve this goal, achieve growth and overcome hurdles
Currently, EV 2w/3w accounts for less than 5% of the total 2w/3w market EV 4w market is further low There are a lot of current challenges to overcome like understanding the Automotive Design, safety & Quality standard by all companies, Standardization of parts like batteries, Charger, Motor etc following Auto standards in EV & parts manufacturing avoiding fire incidents, The Journey has just started and almost doubling growth observed and also expected YOY The market size is Huge whether it is EV manufacturing, Parts Manufacturing, Infrastructure solutions, mobility solution, design studios, etc
The Journey of the Indian EV Industry started a non standard way by importing 2w and 3w parts from China, assembling them in India, and sales through Dealers. Initially, it started with zonal Players Line NCR OEMs, West OEMs, South OEMs, etc mostly around 2014 15 onwards Many start ups, as well as small and medium Businessmen, started investing in the EV segment around the same time Indian EV industry also had many challenges Like High Lithium Battery Costs, No history of Lithium battery performance and impacts, No such design studio except Auto Giants No Indian designed product, Charging time, No Infrastructure for fast charging or swapping, Lack of EV supply chain, High Capex for EV OEM for tooling, Plant setup, design, etc, supply chain, etc 2015 onwards Indian start ups started working towards EV Supply chain related challenges and demand EV start up companies started working in Fleet operation, 2W/3W manufacturing, Building Design studios, designing 2W/3W, Designing and Manufacturing various EV parts like Lithium Battery Charger Controller Motor IoT Data Analytics, charging stations, swapping stations, etc This is fuelled by Govt Initiatives like tax holidays, state run incubators, The National Electricity Mobility Mission Plan, and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME I, FAME II), State Govt Subsidies, EESL Tenders, Infrastructure setup by BEE, EESL, PGCIL, NTPC, IOCL, HPCL, Income Tax rebate on EV Purchase, Ministry of Power issued "Charging Infrastructure for Electric Vehicles Guidelines and Standards. This 360 degree approach including Govt Initiatives, the low running cost of EVs, steps towards the Future, High fuel prices, and more importantly acceptability by Indian consumers has pushed many start ups to Grow in EV Industry and also further to get into the Indian EV Industry
A prime example of how a collaborative effort can yield large long term benefits can be seen in how several Indian states have taken up the challenge to phase out ICE vehicles with several long term strategies
JUN-JUL ISSUE 2022 | PG 25| INDIA
PERSPECTIVE
PRESIDENT, OPERATIONS, BATTRIXX SUBHABRATA GHOSH
OKINAWA is now selling Highest EV 2W in India Ather Bgauss & Revolt has developed indigenous e scooters and e bikes. OLA Electric launched an e scooter in just 1 year's time Emflux Motor, Tork Motor, Orxa Energies, Storm Motor, and Yulu has designed indigenous scooters and Bikes, manufactured and Tested on Indian road Euler Motor, 3EV Industry, Etrio, Mecilio Mobility, Evage, etc are designing and Manufacturing Low commercial / 3W solutions for cargo transport within the city. Companies Like Battery SMART, Charge + Zone, Charge up, ElectricPE, GoEgo Network, Lithium Urban Technologies, Moeving, etc provide exceptional infrastructure solutions like Charging stations, swapping stations & batteries swapping services, etc
India has set itself a target of having 30% private, 70% commercial, and 80% two wheelers on the road by 2030. A large, industry wide and government driven effort will not only make this possible but has every potential to outperform this target Collaborations between manufacturers, startups, and the government would provide a boost to vehicle manufacturing and set up a robust charging and battery swapping network and increase the density of charging stations These collaborations are what will drive adoption, expand the serviceability and bring costs down.
Another pertinent aspect of collaboration among industry players is sharing of technology With the necessary push from the government, many companies are investing in R&D for the EV sector Given the Indian scenario, many are innovating and inventing indigenous technologies to suit Indian EV mobility conditions, in terms of batteries, drive trains, and designs It would go a long way in pacing up the Indian EV revolution if the industry comes together and mutually shares these inventive technologies
Rajasthan, Gujarat, and Maharashtra plan to have at least two lac EVs plying on the road by 2025, with the bulk of those numbers being made up of commercial and public transport vehicles Other states, especially those with heavy agrarian needs, are setting up utilization mandates as well to convert using their current fleet of tractors, trucks, and 3 wheelers to EVs Using these vehicles regularly would then motivate customers to consider EVs as private vehicles as well Adoption of EVs will also cause wide scale standardization in parts, spares, technical know how and technicians, batteries and grid networks. The more standardization takes place across the EV spectrum, the faster the adoption rate and the cheaper the costs All these players and the solutions they bring will play a pivotal role in electrifying the country and bringing the various industries, sectors, and users up to speed on this journey of building a robust and comprehensive EV ecosystem If such steps are taken, along with the burgeoning startup boom in the EV sector, a prolonged focus by the government, and the collaborative efforts of all stakeholders, India could prove to be an electric vehicle manufacturing and developing powerhouse.
ASSOCIATE DIRECTOR TRANSPORT, LOGISTICS AND MOBILITY, CRISIL RITIKA CHANGIA DIRECTOR TRANSPORT, LOGISTICS AND MOBILITY, CRISIL HEMAL N THAKKAR JUN-JUL ISSUE 2022 | PG 26| INDIA
Uncertainty around long term economics (including vehicle life and product characteristics for battery replacement), lack of a resale market and difficulty determining the creditworthiness of users at the bottom of the pyramid (in absence of income tax filing and credit scores) are discouraging financiers from offering longer tenor
Buyers of 2Ws, 3Ws, and small commercial vehicles (SCVs) generally rely about 50%, 95%, and 70% on financing, respectively, ranging from moderate to high finance dependence Low finance availability for electric versions of these vehicle types could hinder the proliferation of electric mobility.
In contrast, electric 2Ws and 3Ws have low LTV, high interest rates, and shorter tenors than ICE equivalents. Debt finance mandates equity of 25% and balances of 75% in bank guarantee and collateral, which takes up 0 5 1 5% as a fee This makes it difficult to purchase electric bus fleets
Raising debt, however, is a rockier road That’s because financial institutions typically seek almost 100% collateral from new age businesses for both project finance and working capital. Consequently, EV businesses have been relying heavily on equity funding for both, capital and operating expenditure, leading to dilution of ownership
The rise in fuel cost is also supporting EV adoption
for
In financing, the e rickshaw has been a major success story Non banking financial companies and banks have partnered with original equipment manufacturers and, after due diligence, funded e rickshaws for a tenor of up to 2 years
e PV e bus Risk
The electric mobility ecosystem has caught the fancy of entrepreneurs, especially the younger lot Not surprisingly, equity funding has been quite forthcoming be it from venture capitalists or private equity.
Electric PVs benefit from the income tax deduction provided for interest paid on EV loans for personal mobility, along with green car loans (pioneered by the SBI) at 9 5%, as of January 2021, with LTV of 90% of ex showroom value
Battery swapping is another hurdle for financiers Despite its benefits, including increased range, battery reliability, higher durability, and low acquisition cost, financiers are apprehensive about the recovery of the detachable battery in case of customer default EVs with fixed batteries are receiving better lending terms
R I S K P E R C E P T I O N F O R I N D I V I D U A L B U Y E R S
Segment e 2W e 3W e
This, even as prospects for the industry look good CRISIL projects the share of electric vehicles (EVs) in domestic sales of two wheelers (2Ws) to rise to more than 15% by fiscal 2026 from the current 3 4%, in three wheelers (3Ws) to 30% from 5%, in passenger vehicles (PVs) to 5 8% from 1%, and in buses to 5 7% from 4%
Yet lenders perceive greater risk in EV retail financing EVs have higher asset risk than internal combustion engine (ICE) vehicles, and thus higher cost of financing, lower loan to value (LTV), shorter tenor, and higher interest rates
MUDRA (Micro Units Development and Refinance Agency) loans are also available for the purchase of e rickshaws with an LTV of about 80%. Interest rates are high, but counterbalanced by the low cost of ownership
Lending terms, however, vary based on the EV purchaser’s credit profile and EV application (personal vs. commercial). The credit profile of PV buyers is typically stable and low risk, while that of 3W buyers is unstable and high risk owing to a lack of an established income profile
To be sure, government incentives in India, both at the central and state levels, have reduced the acquisition cost for most EV segments
Low risk High risk OPINION KEY TO ADOPTION AND TRANSITION GOALS EV ADOPTION DRIVES INTO A DEBT-END FACILITATING CREDIT ACCESS
The hour is opportune for policymakers to help de risk EV assets and increase start up financing
Better credit access is essential for rubber to meet the road, and accomplish adoption and Net Zero transition targets within the timeframes stipulated SCV perception individual buyers
The global transition toward electric mobility rests on the production of lithium ion batteries (LIBs) to fuel electric vehicles (EVs) These batteries have a shelf life of eight to ten years, but once their energy generating capability falls below 80%, they are no longer suitable for automotive use Around 60% of the total manufacturing cost of an EV battery could be attributed to the critical raw materials (CRMs) used which are geographically concentrated in a handful of nations and susceptible to supply chain disruption. During 2019 2030, 11 million metric tons of LIBs are expected to reach their End Of Life (EOL) These batteries, if not recycled or treated properly can be harmful to both the environment and society Currently, less than 5% of End of Life (EOL) LIBs are recycled due to the sheer complexity inhibited in the dismantling of these energy dense and high voltage batteries Government support in the form of enabling policies and legislation plays an important role in planning a recycling ecosystem by setting targets for collection rates and recycling efficiencies While to ensure effective implementation of policies, regulating disposal responsibilities and battery handling procedures with safety requirements can further help in the preparedness of the existing e waste recycling companies to handle highly volatile LIBs
Background
Summary EV Battery Recycling: Enabling Policy Actions LITHIUM BATTERY RECYCLING IN INDIA Readiness-level for the Electric Vehicle Era OPINION JUN-JUL ISSUE 2022 | PG 27| INDIA
National and State level action in India: In India the national government brought up the draft Battery Waste Management Rules in 2020 which outlines the responsibility of battery manufacturers from setting up battery waste collection centers to their transportation and safe disposal at battery recycling facilities The draft is still being deliberated and will soon be notified in the coming months Although at the national level, India does not have a dedicated framework for LIB recycling, the draft national battery swapping policy released in 2022 covers major aspects related to recycling It enables data traceability and sharing system across the battery lifecycle by assigning a Unique Identification Number (UIN) to each battery and further promotes the development of standards for re use and re purposing of the EOL batteries from EV applications
India produces over 50,000 tons of LIB waste annually, however, less than 1% of LIBs are currently recycled, mostly limited to batteries from mobile phones laptops and other gadgets. The LIB recycling market in India is expected to grow exponentially by the end of this decade offering a billion dollar opportunity by 2030 Of late, there has been a flurry of movement with many existing recyclers as well as startups entering the EV battery recycling space Tata Chemicals Ltd commissioned a LIB recycling plant in Maharashtra that uses a hydrometallurgy process to recover up to half the valuable metals While Attero recycling and Lohum are using patented urban mining techniques to recover materials Some other LIB recycling players in India include Exigo Ziptrax and SungEel HiTech. Today, a major concern for the industry lies in the handling of these energy dense, high voltage power sources which are far more reactive than lead acid batteries Numerous fire incidents have been reported at recycling centers in the USA endangering waste workers, residential communities, and entire recycling facilities due to LIBs being mixed with other recyclables Moreover, as several existing e waste battery recyclers are expected to enter the EV LIB recycling space, the system requires better preparedness for handling large format LIBs through proactive and strict guidelines on their handling, storage, treatment, and disposal India is on the cusp of a full mobility transformation from gas guzzling vehicles to EVs Formulating a policy framework that enables the achievement of goals of a circular economy by investing early in large scale recycling infrastructure and guidelines on safe handling and disposal will assure that the country reaps all rewards from raw materials used imported or otherwise India has a dual opportunity: a) learn from other pioneering countries in the recycling market, and b) become a global hotspot for recycling applications
Status of LIB Recycling Industry in India
Global Status: Several nations are ahead of the curve and have mandated legislations that deal with battery recycling and treatment.
SENIOR PROGRAM MANAGER ELECTRIC MOBILITY, CITIES PROGRAM, WRI INDIA PROGRAM ASSOCIATE, WRI INDIA DR PARVEEN KUMAR MS. ANSHIKA SINGH
While many nations including Germany and China have enabled the extended producer responsibility (EPR) concept by putting a legal obligation on OEMs to collect and manage the safe disposal of their batteries, Japan has established a producer responsibility organization formed by a consortium of EV OEMs to enable the process of recycling waste batteries Furthermore, the collection of important battery health data and sharing it with relevant stakeholders across the supply chain is a critical process to categorize whether batteries are best suited for re use or for recycling. The European Commission is developing a battery passport system to collect, store and share data related to battery composition and other parameters among all authorized lifecycle stakeholders to ensure the closed loop management of batteries
In addition to these initiatives at the national level, 14 states have taken progressive measures under their State EV policies to enable recycling through delineation of responsibilities for the collection of LIBs, promoting the setting up of recycling facilities with financial subsidies, and establishing centers for research and development. Few states including Maharashtra, Orissa, and Madhya Pradesh are working on additional guidelines and protocols for setting recycling businesses and safe handling and disposal of EV batteries
EM+ RESEARCH REASONS FOR ACCELERATION IN ADOPTION OF GRID LEVEL ENERGY STORAGE SYSTEM INVESTMENT OPPORTUNITY BY 2030 WAY FORWARD WITH ENERGY STORAGE SYSTEM IN INDIA JUN-JUL ISSUE 2022 | PG 28| INDIA
Union Government policies state that 30% should be electric vehicles by 2030 They also set a goal of 500GW renewable energy capacity by 2030
Power sector businesses have direct advantages, such as smoothing and firming of renewable energy output, and frequency control services They also have the ability to provide black start generating, system after outages, and many other services
India will need 260 GWh of advanced chemistry cell batteries annually by 2030 This prediction was based on India's current situation and India's power generating targets, according to a report entitled "Need for Advanced Chemistry Cell Energy Storage in India", recently published by NITI Aayog & RMI This report comes at a time when the evaluation of the Production Linked Incentive (PLI) is ongoing for the establishment 50GWh of domestic production capacity across up to ten new facilities producing Advanced Chemistry Cells. As per the report India will have a battery storage potential of 600 gigawatt hour (GWh) by 2030, and demand for electric vehicles, stationary storage, and consumer electronics will mainly drive the adoption of battery storage
According to the report, the largest market for LIBs in 2020 was consumer electronics energy storage, which had a cumulative market value of 4 5GWh
However, EV sales made up around 10% of the LIB market (0 92GWh)
According to IQAir, India is among the 30 most polluted countries in the world with 22 cities This trend can be reversed by using clean energy or electric vehicles
The demand for batteries will increase when EV adoption goals have been met
The new policies of the central government and the state government will permit battery storage to compete on wholesale markets for ancillary service Energy storage can be one of the assets utilized to meet peak demand for electricity.
The falling battery prices have allowed them to be used in a wider range of applications
India imports significant quantities of fossil fuels, as well as the equipment and materials needed for renewable energy projects like solar PV modules and Li ion batteries. The impact of domestic manufacturing on national energy security would be good
The role of batteries in climate action India's goal to achieve net zero energy consumption by 2070, and at least 50% from renewable energy by 2030, can only be met with an energy storage system
Because of the wide range of services today’s battery technologies can provide and also the dropping of cost, there will be a lot more demand for stationary energy storage systems (ESS) as the sector grows. These ESS systems are now competitive with other technologies. NEED GWH OF ADVANCED CHEMISTRY ANNUALLY BY 2030: NITI AAYOG
260
According to the report, stationary energy storage, grid support services, renewables integration (T&D), upgrade deferral, and commercial behind the meter (BTM), will all be attractive businesses by 2030
The report states that the current Indian deployment of lithium ion batteries (LIBs), is dominated in part by consumer electronics This includes smartphones, tablets, notebooks and laptops It is also expected to increase with the digitalisation and integration of technology into daily life
INDIA WILL
RMI and NITI Aayog developed two scenarios for this report One is conservative, the other is accelerated battery adoption According to RMI/NITI Aayog, the accelerated scenario (260GWh), there will be a US$15 billion increase in demand by 2030 This includes US$3 billion for pack assembly and integration and US$12 trillion from cells
CELL BATTERIES
The Commission noted that the Ministry of Power, Government of India ha directions to promote renewable energy in India India's vision is to meet 43% needs through renewables by 2030. For trading in renewable energy a v segment called GTAM was also created The Ministry of Power (GoI) has also n Open Access Rules, a major reform that promotes renewable energy through Access This allows industrial and commercial consumers to 'Go Green The co noted that for the promotion of renewable energy, many State Electrici Commissions (SERC) have implemented a 'Green Tariff' ranging from 50 paise to unit
GREEN TARIFF
On 2nd August 2022, the West Bengal Electricity Regulatory Commission (WBERC) fixed the promotional electric vehicle charging tariff rate of Calcutta Electric Supply Corporation (CESC) for the period of FY 2021 22 & FY 2022 23 CESC is a private DISCOM looking after the whole of Kolkata city
Policy Analysis EM+ RESEARCH JUN-JUL ISSUE 2022 | PG 29| INDIA
How
During these years, there has not been a significant increase in the Electric Vehicle Sector It has been noticed that the licensee has excess power during 'other peak periods’ With increasing solar integration availability during daylight hours, this will also increase Kolkata’s Recent Time Of Day (ToD) EV Charging Tariff Boost Electric Vehicle The
City?
Adoption In
Could
The commission previously approved an EV charging tariff rate of Rs 7 31/Kwh for FY 2019 20
The rates will be effective from the next billing month of the date of issuance of the order.
Rs. 6.00 per unit during the peak hours (17:00 hrs to 23:00 hours) Rs 5 50 per unit during other than peak hours
In view of the above context, The Commission has decided to implement a 'G Rs.0.50/ unit, for all other consumers than domestic. The Green Tariff is to be retail tariffs for consumers who intend to use 100% green energy continuously months The additional Green Tariff assures that there won't be any adverse tar remaining consumers This green tariff could boost electric charging operators t renewable energy sources for their charging operation in the Kolkata region
Thus the new ToD tariff rate will balance the need for EV promotion and better management of surplus availability in the future in Kolkata Also, any EV Charging Station can apply for 100% green energy and pay a 'Gre those who plan to use 100% of green power continuously for at least six consec the 'Green Tariff' is to be applied over and beyond retail tariffs.
There are many incentives available to EV makers through the policy, including incentives on Fixed Capital Investments (FCI), Net SGST, or Stamp Duty You will receive 100% stamp duty reimbursement and an exemption of electricity duty for a maximum of 20 years
Recently the Haryana Government approved “Haryana EV Policy 2022” Haryana has declared 2022 as “Year Of The Electric Vehicles”
In lieu of Haryana domiciled workers being employed in EV companies the policy provides employment generation subsidies of Rs 48,000 per employee for a period of 10 years
Recently Chhattisgarh approved EV policy 2022
Policy Incentives: EM+ RESEARCH JUN-JUL ISSUE 2022 | PG 30| INDIA
Haryana State Transport Undertakings will make every effort to convert 100% of its bus fleet into electric buses, Fuel Cell Vehicles, or other non fossil fuel based technologies by 2030
The state government announced the payment of 100 percent state goods tax (SGST), registration fees, and sales taxes on electric buses and goods carriages in the State during the five year policy It will also reimburse SGST when EVs are manufactured in the state Capital subsidies will be provided to companies that produce EVs, components, and batteries as well as charging infrastructure In the event of 300 fast charging stations being built in the state, the policy will provide a 25 percent capital subsidy to selected energy operators The station will receive a subsidy of up to Rs 10 Lakh
The Department of Town and Country Planning (TCP) shall include provisions for charging electric automobiles in buildings such as Group Residential, commercial, and institutional buildings, Malls, and Metro Stations These are all necessary to facilitate the overall ecosystem for Electric Vehicles
Buyers will be eligible to receive a reduction in registration fees and a discount on motor car tax Purchases of electric three wheelers or two wheelers will attract a 100% motor vehicle tax
The SGST refund shall be 50 percent of the applicable net SGST during a period not exceeding 10 years
Companies manufacturing electric vehicles, components of electric vehicles, EV batteries, charging infrastructure, etc. shall be incentivized with capital subsidy. The mega industry will be eligible for capital subsidy up to 20% of FCI, or Rs 20 Crore, whichever is less The medium industry will receive a subsidy of up to 10% of FCI, medium industry up to 20% of FCI, small industry up to 20% of FCI, and micro industry up to 25% of FCI
For purchasing batteries for switch/swapping stations, the state government will reimburse charging operators 100% of their SGST. The state government will give 500 1,000 acres to develop an EV Park, which will include an incubator for start ups
Policy Debrief
The policy will allow exemptions for EV manufacturers (manufacturing EVs and components of EVs) The state's housing policy will make it mandatory to establish charging infrastructure (making charging points mandatory for residential and commercial buildings) Private and government buildings will have charging stations
Units that set up batteries disposal units under this policy will receive 15% FCI up to Rs 1 Crore
The main objectives of this EV policy are to make the state an EV manufacturing hub, create employment, and reduce environmental degradation
The government has established a five year target to have EVs account for 15% of all new vehicle registrations, commercial or individual
HARYANA EV POLICY 2022 CHHATTISGARH EV POLICY 2022
The policy will promote Research & Development within the field of EVs Up to 50% of project costs can be granted up to Rs 1 crore for new charging technology and up to a maximum of Rs 5 crore for new electric vehicle technology Institutes conducting dedicated research on non fossil fuel based mobility solutions will be provided with Rs 5Cr grant
Demand Charges (Rs /kVA of Billing Demand/Month) Energy Charge (Rs/unit) Rs 6 00 per unit during the peak hours (17:00 hrs to 23:00 hours) Rs 5 50 per unit during other than peak hours
On 2nd August 2022, the West Bengal Electricity Regulatory Commission (WBERC) fixed the promotional electric vehicle charging tariff rate of Calcutta Electric Supply Corporation (CESC) for the period of FY 2021 22 & FY 2022 23. CESC is a private DISCOM looking after the whole of Kolkata city
The commission previously approved an EV charging tariff rate of Rs 7 31/Kwh for FY 2019 20 After observing very limited penetration of electric vehicles in the Kolkata region, which resulted in surplus energy with CESC except during peak load time, the commission decided to allow the following promotional time of day single part tariff for EV charging stations:
The rates will be effective from the next billing month of the date of issuance of the order Any EV Charging Station can apply for 100% green energy and pay a 'Green Tariff' For those who plan to use 100 percent of green power continuously for at least six consecutive months, the 'Green Tariff is to be applied over and beyond retail tariffs The Commission decided to introduce a ‘Green Tariff’ of 50 paise per unit for all consumers other than domestic consumers for FY 2021 22
In June 2022, the Kerala State Electricity Regulatory Commission (KSERC) fixed the EV charging tariff rate effective from 26 06 2022 to 31 03 2023 RATE
TARIFF
FOR EV CHARGING STATION IN KOLKATA KERALA FIXES EV CHARGING TARIFF RATE FOR FY 2022-23 LT-X: ELECTRIC VEHICLES CHARGING STATIONS Tariff applicable to electric vehicle charging stations at LT. HT- VI. ELECTRIC VEHICLES CHARGING STATIONS Tariff applicable to charging stations of electric vehicles availing electricity at high tension. Note: The ceiling tariff that can be charged by EV charging stations/outlets from customers shall be Rs 8.00/unit. Note: The ceiling tariff that can be charged by EV charging stations/outlets from customers shall be Rs 8 00/unit LT – X: ELECTRIC VEHICLE CHARGING STATIONS HT- VI: ELECTRIC VEHICLE CHARGING STATIONS Fixed Charge (Rs per kW or part thereof per month) Energy Charge (Rs/ unit) 90 5.50 270 6.00 EM+ RESEARCH JUN-JUL ISSUE 2022 | PG 31| INDIA
ELECTRIC(BOV) 0 500 1,000 1,500 2,000 2,500 SKSTRADEINDIAPVTLTD MINIMETROEVLLP DILLIELECTRICAUTOPVTLTD UNIQUEINTERNATIONAL MAHINDRA&MAHINDRALIMITED CHAMPIONPOLYPLAST MAHINDRAREVAELECTRICVEHICLESPVTLTD SAERAELECTRICAUTOPVTLTD BAJAJAUTOLTD YCELECTRICVEHICLE ELECTRIC(BOV) 0 500 1,000 1,500 2,000 2,500 JITENDRANEWEVTECHPVT LTD UNIQUEINTERNATIONAL DILLIELECTRICAUTOPVTLTD MINIMETROEVLLP MAHINDRA&MAHINDRALIMITED MAHINDRAREVAELECTRICVEHICLESPVTLTD CHAMPIONPOLYPLAST SAERAELECTRICAUTOPVTLTD BAJAJAUTOLTD YCELECTRICVEHICLE 760 0 2,500 5,000 7,500 BEINGINDIAENERGYANDTECHNOLOGYPVTLTD PURENERGYPVTLTD TVSMOTORCOMPANYLTD REVOLTINTELLICORPPVTLTD ATHERENERGYPVTLTD OLAELECTRICTECHNOLOGIESPVTLTD HEROELECTRICVEHICLESPVT LTD AMPEREVEHICLESPRIVATELIMITED OKINAWAAUTOTECHPVTLTD 760 0 2500 5000 7500 BEINGINDIAENERGYANDTECHNOLOGYPVTLTD PURENERGYPVTLTD TVSMOTORCOMPANYLTD REVOLTINTELLICORPPVTLTD ATHERENERGYPVTLTD OLAELECTRICTECHNOLOGIESPVTLTD HEROELECTRICVEHICLESPVT LTD AMPEREVEHICLESPRIVATELIMITED OKINAWAAUTOTECHPVTLTD Market Statistics TOP 10 ELECTRIC THREE WHEELER (3W) JUNE SALES TOP 10 ELECTRIC THREE WHEELER (3W) JULY SALES TOP 10 ELECTRIC TWO WHEELER (E2W) JUNE SALES TOP 10 ELECTRIC TWO WHEELER (E2W) JULY SALES
Reliance’s team has manufactured E Mobility Lightweight Composite Load Body using thermoplastic PP material sheets as structural walls withstanding load primarily and FRP pultruded sections as structural beams resisting sheet bending Weight reduction has resulted in high load carrying capacity. It also has added advantages like corrosion resistance, fuel economy, and customized load body design as per specific needs, when compared with existing solutions in the market
HONORING
MetroRide is making Public Transport accessible They have already started with Hyderabad Metro Rail Ltd by increasing their ridership and offering an affordable and sustainable last mile solution They make customers' end to end journey seamless through a single booking multi modal app They have already served 1000s of customers in Hyderabad and are growing at a rapid pace.
The Innovation by the company is a cutting edge Electric Vehicle Charging solution that is powered by the company’s Operating System, Application, and Universal EV Charging Point. The charging points are affordable and easy to install, IoT enabled smart devices that are compatible with almost all EVs Enabled by the technically advanced OS software platform, their Charging Point owners and Electric Vehicle users can join a connected EV charging marketplace on its App and help charge EVs through a simple scan pay charge system Omega’s Truck comes with approx 3T payload with 180 Range, of GVW 5 5T The DC/Fast charger 0 80% in 1Hr 30 min with recommended charger and in AC/Slow charging in 5 7 Hrs, all the above parameter is coming up with a liquid cooling system of LiFePO4 battery pack with 537.6 V & 96.77 KWh with a motor capacity of 130 KW permanent magnet with 415 Nm Etrio is one of the leading providers of Electric Vehicles for First Mile, Mid mile, and Last Mile delivery applications in the state Their vehicles offer onboard telematics and are designed to integrate seamlessly into fleet management applications for their customers. The vehicles are IoT enabled and include a Telematics device that tracks the overall health of the Battery, State of charge, range, distance driven and distance to empty, Vehicle SOS, Live Vehicle tracking, Drive Statistics of the trips carried out, Driver behavior, etc,
MetroRide
Telangana State Renewable Energy Development Corporation Ltd., (TSREDCO) Honorary Awards: State Leadership Awards 2022: Unveiling the proud winners: Outstanding Contribution to the Development of the E-Mobility Sector in Karnataka &
RECOGNIZING
EMobility+setthestagetohonorandawardsomeofthefinestachieversinthe EV Sector. This year the ‘EV State Summit Awards 2022’ became grander with the presence of the industry leaders and contributors of the EV Sector in Telangana and Delhi. To Make the events more graceful we had invited Shri N. Janaiah, Vice Chairman & Managing Director, TSREDCO, Hyderabad, and Shri Gopalakrishnan VC, Director Automotive, Government of Telangana as our Guests of Honor for Telangana EV State Leadership Awards and Shri Sudhendu Sinha, Adviser, NITI Ayog is our guest of Honor for the Delhi EV StateLeadershipAwards.
Business Leadership: Charging InfrastructurePhotonCharge
Business Leadership: Green Mobility Innovations
STATE SUMMIT 2TELANGANA EV 20 2
State Champions: Smart Innovation (Charging Solution) BOLT by Ujoy Technologies Pvt Ltd Green Mobility Product Innovation ExcellenceOmega Seiki Mobility Green Mobility Champions: Fleet Electrification Etrio Automobiles Pvt Ltd
Business Leadership: Manufacturing Reliance Industries Limited, Material Engineering Center (MEC) PhotonCharge’s product is the world's only EV charger with an IP67 rating for robustness and has also won the International IF design award. The company’s product is the only product to get CE (European Standard) and TU Mark (American Standard) and TR25 (Singapore Standard), making it the highest quality product among all the EV chargers available across the globe
State Champions: Technology Enabler Dassault Systèmes
ElectronEV is an electric vehicle OEM that designs, builds, and integrates custom battery electric powertrains on a wide range of vehicle applications trucks, buses, and specialty vehicles on & off road in the light, medium, and heavy segment tailor made to Indian market applications
Clean Mobility Leadership: Young Achiever Mr. Alok Kumar Mishra, Business Lead DNV
BOLT’s OS software helps OEMs in making their vehicles smarter They intend to democratize access to smart vehicle suites to OEMs across the World They have deployed 11,200+ charging points across India in the last financial year Out of which 1500+ Charging stations have been installed in Hyderabad alone It is Telangana's largest EV charging network
ElectronEV has worked on a prototype electrification project at the Hyderabad office which involves re powering a conventional Ashok Leyland Boss 10T Diesel Engine Vehicle to a Battery powered Electric Truck It is the first retrofitted electric truck in the country in the medium duty commercial vehicle category (10 TON) The company's focus is on reducing the carbon footprint and the cost per km in goods transportation for customers by investing resources and money into vehicle technology
Girish is a serial entrepreneur & a management graduate from MDI, Gurgaon He is the Founder of an electric mobility startup that is making daily commute affordable, seamless & sustainable He is a recipient of the "Distinguished Toastmaster Award", the highest individual education award by Toastmasters International, in the field of public speaking & leadership development At his company, he spearheads the complete business execution, strategy, investor relations & marketing
EM+ AWARDS
Clean Mobility
Business Leadership: Research & Development Reliance Industries Limited, Material Engineering Center State Champions: Smart Innovation (Powertrain) ELECTRONEV Green Mobility Champions: Zero Emissions Initiative - BOLT by Ujoy Technologies Pvt Ltd State Rising Star: Phygital Platform TRide Mobility Pvt Ltd State Champions: New State Initiative
Reliance’s team has developed composite materials which can be used to manufacture battery enclosures for EV applications
Dassault Enables mobility innovators to accelerate innovations to market at a competitive cost and optimal quality, on Cloud or on Premise The company’s Electro Mobility Accelerator enables both new mobility innovators and industry leading OEMs to imagine, develop and industrialize new electric mobility concepts within a comprehensive collaborative environment. It Covers the end to end process from systems engineering to mechanical engineering and Enables productivity and efficiency for newly created teams
ELECTRONEV
The Main focus was to develop products that satisfy the most stringent fire safety regulations This material is a fire barrier and there was no integrity failure after testing for 10 mins when it comes in direct contact with fire. Our winning company is already manufacturing Metro parts that have to pass stringent fire safety specifications as well fulfilling lightweight requirements and now with this development, the team is ready to manufacture battery enclosures for EVs
The company’s team strives to be the premium stakeholders to create the most advanced powertrain systems for sustainable transportation and create solutions for faster adoption of electric platforms. By installing charging stations & their software stack across Hyderabad, BOLT has played an important role in reducing the Range anxiety for EV users. Also by partnering with large real estate companies like MyHome, Sattva & Aurobindo they have empowered many residential and office complexes to be EV ready TRide is driving the electric two wheeler adoption in India by creating awareness, helping consumers make the right purchase decisions, and providing an end to end seamless EV ownership experience It is a Tech driven Phygital Omni Channel Platform for Research, Evaluation, Sales of 2W Electric Vehicles and its Complementary Services Users go through a seamless end to end ownership experience from research to re sale through their tech enabled platform with the concept of EVs ON YOUR FINGERTIPS
R&D
Leadership: Visionary Mr Girish Nagpal, CEO & Founder, MetroRide
Dr Venkateswarlu has a rich professional experience in this field. He works on advanced rechargeable batteries for green transportation and energy storage solutions His expertise in lithium ion batteries and depth of technical knowledge and quick decisions are expected to drive the remarkable growth from the R & D Pilot Scale to Commercial cell level production He Leads the teams toward outstanding success in technology and to become technology leaders in the field A recipient of many awards and recognitions, we proudly announce our winner Alok is a well experienced professional that provides support to the utilities, industry, and renewable industry customers with premium advisory services in the energy field to facilitate the energy transition to a fossil free future He leads the team to carry out many studies related to the road map and Technical due diligence related to EVs providing technical advisory to many Hyderabad based companies who want to set up an EV charging infrastructure in their offices. His team continuously invests in research and collaborative innovation to provide customers and society with operational and technological foresight With our origins stretching back to 1864, our reach today is global Customer's Choice: Charging Solutions - BOLT by Ujoy Technologies Pvt Ltd
Clean Mobility Leadership: Research Specialist Dr. Venkateswarlu Manne, Head R & D Lithium ion Battery Technology, Amara Raja Batteries Ltd
Business Leadership: Charging Infrastructure goEgoNetwork
State Champions: Technology Enabler (Cloud Storage Platform) Sheru
Business Leadership: Manufacturing (EV Chargers) Servotech Power System Ltd.
Dassault Systèmes
Dassault helps mobility innovators to accelerate innovations to market at a competitive cost and optimal quality on Cloud or on Premise Its Mobility Innovation enables both new mobility innovators and industry leading OEMs to imagine, develop and industrialize new electric mobility concepts within a comprehensive collaborative environment The technology covers the end to end process from systems engineering to mechanical engineering, validates product performance with simulation to perform cross disciplines optimization, and manages projects, deliveries, and collaborative reviews with the same on demand, online, highly scalable solutions used by leading global brands enabling productivity and efficiency
Business Leadership: Green Mobility Innovations
The company’s year on year growth has been 205% with a turnover of 1460 Million thereby maintaining its position as one of the top companies pan India in the electric 3 wheeler segment The company has India’s one of the biggest manufacturing units with two state of the art plants having a production capacity of 24000 Units.
Unveiling
The company has recently transitioned into the EV charging segment, leveraging its nearly 2 decades of innovation experience to develop intelligent charging capabilities for electric vehicles With their convenience friendly AC chargers and speed enabled DC chargers, the company is giving a new dimension to EV charging as we know it, all of it while catalyzing India's push towards green mobility, engineering the wider EV ecosystem Euler is already recognized as one of the top EV makers in the country It has developed supportive infrastructure like charging stations, and 24x7 service support to operate these EVs smoothly on the road
goEgoNetwork is a leading EV charging infrastructure company Its charging stations are installed in 27 cities across 11 states. Its manufacturing facility has a capacity to deliver 5000 charging stations every month The product range includes personal charging stations, 2 & 3 wheeler charging stations, and AC & DC charging stations for 4 wheelers
The company’s experienced Research & Development team has launched an advanced technology L5 vehicle, which is the most powerful EV in terms of range, battery, and payload capacity The company has been recognized for its technology prowess and innovation on many platforms for its advanced research & development on various new platforms
Honorary Awards: Saera’s primary operation is manufacturing cleaner and greener electric L3 category vehicles (e rickshaw and e cart loader).
Business Leadership Manufacturing 3 Wheeler (L3 Segment) - Saera Electric Auto Private Limited the proud
Sheru’s software platform ensures that the battery's life in an EV is sustainably managed, and helps secure this critical asset Through their cloud storage platform, they provide the owners of the asset with an additional revenue stream and reduce the overall cost of the battery, thus making EVs more affordable Their technology has helped in the proliferation of EVs by helping scale up EV fleets, enabling the growth of the battery swapping market, and reducing the cost of batteries through additional revenue streams Its turnover in the last fiscal was over Rs 8 crores
An NSE listed organization, Servotech has established itself as a market leader in providing tech driven solar energy solutions to the masses, playing a key role in delivering major public solar projects across the country.
Business Leadership: Research & Development Euler Motors Private Limited
RECOGNIZING & HONORING
The in house tech team has developed the goME app that is used by EV owners to locate the nearest EV charging station and charge their vehicles Alektrify is a startup with a team for different aspects of developing a charging hub with all facilities It has created India's two largest EV Charging stations in Gurgaon sector 52 and sector 86 The company has developed proper charging hubs with adequate AC and DC chargers having a capacity to charge 100 cars at 1 point of time and above 500 cars in 24 hours and these charging stations are the most profitable and efficient charging stations in India.
Business Leadership: Charging Infrastructure (Rising Star) Alektrify Pvt Ltd.
winners: STATE SUMMIT 2DELHIEV 20 2
Customer's Choice Award: 3W (L3 Segment) Saera Electric Auto Private Limited
State Champions: Technology Enabler (Geo Fencing) - UNL Global India Private Limited
Hero Electric needs no introduction, it is India’s oldest and largest electric 2 wheeler company with 14 years of leadership experience The company’s much in demand 2 wheeler is the largest selling scooter available in two variants Single Battery and Dual Battery The scooter is the most loved high speed product from its portfolio that caters to the customer with city commuting requirements. It is a stylish e2 Wheeler with features like cruise control, reverse mode, walk assist, and quick charge capability making it the perfect companion for city rides. The company has been the only manufacturer to attain the 1 lakh unit sales milestone with Optima contributing to more than 50% of the overall sales in the B2C segment
UNL is a next gen micro location and mapping tech company providing businesses with mapping, location, and data tools to build highly scalable hyper local services and applications Its technology makes locations programmable by adding a smart layer to physical places, to power services from eCommerce, and delivery to smart city and autonomous solutions The company has collaborated with NHEV to participate in making E Highways geo fenced and adding a state of the art EV ready infrastructure for ever increasing numbers of E Vehicles on expressways.
EM+ AWARDS
Clean Mobility
Green Mobility Champions: Legal Advisory DLS Law Offices
Customer's Choice Award: 2W (B2C Segment) Hero Electric Vehicles Pvt. Ltd for its Optima Scooter
Aditya is a go getter with Professional Experience of 3+ Years in the industry. He is the founder of a leading company that has developed a business model identifying potential users of EV Cargo Services and has created customized solutions for its clients Under his leadership the company has won Service Contracts worth Rs 59 Lakhs in July 2022 and Additional Contracts worth Rs. 70 Lakhs ready to be signed in the next 1 month Abhijeet is a Technocrat, and Policy Entrepreneur currently contributing with tech pilots in the Prime Ministerial initiative on Ease of Doing Business He is also President of CPOs India and holds additional charge of the renowned NationalHighway for EV (Jaipur Delhi Agra) as Pilot Project Director. Early this year in 2022, he commissioned two of India’s Largest EV charging stations with 112 chargers with a capacity to charge 1500 cars in 24 hours and recorded a maximum 72% utilization with minimal breakeven tenure of 36 months
Green Mobility Champion: Zero Emissions Initiative Omega Seiki Private Limited DLS specializes in Corporate M&A transactions, PE & VC investments, exits, start up advisories, green energy, projects and infrastructure, electric vehicles, and batteries, amongst others With its Founder having advised on multiple EV, Energy & Infrastructure projects, that include the Government and private sector as its clients, the Firm is a leading player in these verticals They have assisted multiple Startups, & Venture Capitals on start up deals, including the Start up Association of India &, Invest India & Government of India on several fronts Omega’s green mobility initiative is eTruck which comes with approx 3T payload with 180 Range, of GVW 5 5T It charges at 0 to 80% in 1Hr 30 min with recommended Fast charger and in Slow charging in 5 7 Hrs With the wheelbase of 3360 mm the battery pack is placed in such a way that the sprung mass ratio is less, the braking distance is short and stable and manuability is good, smooth with no fishtailing during the lane change
Leadership: Outstanding ContributorMr. Sameer Aggarwal CEO & Founder, RevFin Services Private Limited Clean Mobility Leadership: Young Achiever Mr. Aditya Kumar Founder, Urjabolt Emobility Pvt. Ltd. Technocrat of the Year E Mobility Mr. Abhijeet Sinha, National Program Director, EoDB Services
State Champion: Smart Innovation - EV Plugs EV Plugs has developed a smart app with over 20,000 downloads. The app gives a personalized experience to users through a 1 time setup and provides easy to access charging stations from multiple brands Some of the other features are it’s a discovery and a booking platform, only gives suggestions of the stations that are compatible with the vehicle, directing to the station through a single click, smart filters, and a unique feature of route planning for a road trip The company is now one of the board members of the Charging Point Operators Society of India and working closely with NHEV for making the highways of India EV friendly.
Green Mobility Leadership: Corporate Advisory Shri Shayam Enterprises Shri Shayam is a consultant to many startups and corporates in the Electric 2 wheeler and 3 wheeler segment Their advice on strategy building, policy, and corporate affairs have today built up many startups to leading OEM positions. The company and its management have gained many good reputations in the market as well has been awarded and recognized for its work
Saera is one of the leading companies in EVs 3 wheeler, L3 Segment in India. Its 3 wheelers are much in demand. The company plans to reach 1460 million in the Financial year 2021 22 from 477 4 million in Financial Year 2020 21; thereby maintaining its position as one of the top companies pan India in the electric 3 wheeler segment With an increase in the market demand, the company plans to expand its manufacturing capacity by opening new facilities in the state It has registered a year on year growth of 205 percent, the company is surely the customer's preferred choice
Sameer is a 39 years old fintech entrepreneur Founder of a leading digital lending platform company, he is a specialist in financial inclusion Being a member of the Board of Directors at Aristo Securities, an NBFC, he is also an enterprising blogger, writer, and speaker on the topics of Entrepreneurship, leadership, risk management, lending, and analytics in the field of clean energy. Under his mentorship so far, the company has seen greater heights with completing over 130 green kilometers and providing livelihoods to over 50,000 people
MANUFACTURING EV SHOW2022 Bengaluru, Karnataka India FEATURED SESSIONS: Ramping up EV Manufacturing & Future proofing EV Exploring New Manufacturing Technologies & Innovations to Meet the Fast Growing EV Demand Growing Relevance of Next gen Designing & Engineering For Future EV Products BOOK YOUR SEATS NOW! For Speaking & Sponsorship Opportunities, contact: events@firstviewgroup.com 29 30, November 2022 WHO IS ATTENDING? Vehicle Manufacturers Components Manufacturers Battery Manufacturers Finance & Investment And many more... CONFERENCE EXHIBITION AWARDS NETWORKING REGISTRATIONS AREOPEN!
