Tag: electric vehicles

MoEVing: India’s First Electric Vehicle Technology Platform

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by MoEVing.

Electric Vehicles have brought revolution in automotive industry. The electric vehicle industry in India is a growing fastly. The EV market in India was valued at USD 5.5 Billion in 2020. As per the experts, it is expected to reach USD 17 Billion in five years. Recently, in December 2021, more than 50,000 registration were done for electric vehicles. This shows the customers interest in electric vehicles in India. EVs may soon replace ICE vehicles. Government also supports the market. The central and state governments have launched several schemes and incentives to promote electric vehicles in India. Investors are also inclined to invest in EV space.

Looking at the growth and opportunity in EV market, MoEVing was started. MoEVing is a technology Platform with a vision to accelerate EV adoption in India. Know about the MoEVing company, founders, funding, business and revenue model, and the startup story.

MoEVing – Company Highlights

Startup Name	MoEVing
Headquarters	Gurgaon
Industry	Electric Vehicles
Founded	2021
Founders	Vikash Mishra and Mragank Jain
Total Funding Raised	$5 Million

MoEVing – About
MoEVing – Industry
MoEVing – Founders and Team
MoEVing – Idea & Startup Story
MoEVing – Vision
MoEVing – Name, Tagline, and Logo
MoEVing – Product & Services
MoEVing – Business Model & Revenue Model
MoEVing – Funding
MoEVing – Getting Clients after Startup Launch
MoEVing – Challenges Faced
MoEVing – Growth
MoEVing – Competitors
MoEVing – Future Plans
MoEVing – FAQs

MoEVing – About

MoEVing is accelerating EV adoption with a unique technology based platform approach. Founded in February 2021, in Gurgaon (India), MoEVing is India’s first technology platform focused on developing the EV ecosystem with data at the center of its strategy. MoEVing’s current product offering on the demand side, provides solutions to top e-commerce, e-grocery, FMCG, logistics and D2C companies to optimize their logistics costs and meet their goals of reducing carbon emissions. At the same time, on the supply side, MoEVing works with OEMs, driver cum owners and financial institutions to help address various constraints that are coming in the way of EV adoption.

MoEVing is a technology led company with a vision to transform the EV ecosystem to accelerate EV adoption in India. It is a holistic approach to demand aggregation, supply optimization, connecting with charging infrastructure and financing.

MoEVing’s platform approach enables drivers to become micro-entrepreneurs, allowing assured revenue, access to charging solutions, financing, vehicle-know how, and thus increasing their income by 50%.

MoEVing – Industry

EV adoption in India is at an inflexion point particularly in 2W and 3W in commercial mobility for intra-city use cases (range of 80-120 kms) driven by multiple reasons, the top ones being:

40% lower TCO as compared to ICE
Green goals of e-commerce companies
Government push towards electrification of commercial fleet including by way of subsidy of ~10-15% of vehicle cost.

Electric vehicle adoption in India is at the right inflection point to leverage it to create both economical and sustainable benefits for the society. 2021 is the year where many critical ecosystem players have become active in the EV ecosystem, including OEMs bringing in high quality EV vehicle products into the market, charging infrastructure development becoming easier on ground and new age banks being open to financing EVs. With a management team having run over 100 Million Kilometers and a cumulative EV sector experience of 30 years, the team at it’s core believes that electrification of the B2B delivery space is possible today and provides a great business opportunity for accelerating adoption of EVs among last mile delivery drivers.

MoEVing – Founders and Team

Vikash Mishra - Founder of MoEVing — Vikash Mishra – Founder of MoEVing

The founders, Vikash Mishra (ex McKinsey, Shell, EV background) and Mragank Jain (ex. Standard Chartered Private Equity, A.T. Kearney) along with the key management team have experience of managing an electric vehicle fleet that has run over 100 million kilometers, policy advocacy and scaling up large businesses. MoEVing is backed by angel investors of high repute including professionals from private equity background, board members of the largest automotive OEM in India and others.

Vikash Mishra serves as Chief Executive Officer of MoEVing.

With over 20 years experience in the energy and mobility industry, he is responsible for MoEVing’s vision and development. He has been supporting the electric mobility ecosystem for the past 5 years and has even set up the Electric Mobility Initiative at Shakti Foundation for EV policy advocacy, while leading business at Lithium, the largest EV fleet operator and charging infra network. Vikash has a deep understanding of the energy industry and energy transition.

Mragank Jain serves as Chief Strategy Officer of MoEVing.

With over 20 years experience in the private equity and consulting industry in his extensive time in private equity with Standard Chartered Private Equity and SUN Group, he is responsible for MoEVing’s strategic directions and growth. He has been supporting the growth and development of various portfolio companies while playing the role of a board member. Mragank has a deep understanding of technology, automotive, financial services and logistics sectors.

MoEVing – Idea & Startup Story

Vikash, Founder of MoEVing has been in the electric vehicle fleet business for multiple years, has experience running both electric bus fleets and electric car fleets. Given his in-depth understanding on the vehicle products, operating these new age EV products and related infrastructure, being part of building the EV policy framework in India and working with large fleets, he instantly knew late 2020 that India is at an inflection point where one needs to tie the loose ends and take an ecosystem approach to accelerating EV adoption.

When the pandemic hit, he realised what a large opportunity the B2B last mile delivery space provides in terms of electrification. Having been in the space for years, he approached leaders across various sectors, investors, OEMs, charging infrastructure companies, policy makers, financiers, including brainstorming with his college batchmate, Mragank on how this very inflection point in the automotive sector can be leveraged into making a profitable business opportunity. Post multiple brainstorms with potential clients, drivers, financiers and various stakeholders, Vikash realised that the issue wasn’t optimizing order delivery which was already solved by organizations like Delhivery, Porter and Shadowfax. The issue was now reducing cost of logistics on the demand side due to unstable fuel prices as well as there being not one player who is enabling adoption of low cost vehicle technology like EVs for the driver cum owners.

This is when Vikash established MoEVing in early 2021 as a driver-centric platform that provides full-stack technology solutions including delivery, charging, financing and analytics solutions thereby making EV adoption a seamless process.

MoEVing – Vision

In five years, MoEVing expects to become a $1 billion revenue company, providing full stack solutions across form factors, with deep data expertise, having international presence and a business structure where investors with different risk profiles can participate. MoEVing has raised over $5 Million in seed capital to prove the playbook and roll- out the technology platform.

MoEVing – Name, Tagline, and Logo

MoEVing Logo

The core vision of the startup is MOEVING people and goods emissions free! Integrating the aspect of EV to moving got us MOEVING! The logo was designed to be simple for all to understand with a focus on EV.

MoEVing – Product & Services

Electric vehicles are revolutionizing the larger automotive sector both for people and goods movement. With the enhancement of product availability across various vehicle form factors in India, intra-city logistics is a $375 Billion opportunity that can be electrified swiftly. MoEVing provides a full stack solution to e-commerce, e-grocery, FMCG, logistics and D2C companies, where it is the single point of contact for end to end services once the goods are lifted from MoEVing’s customer hubs to be delivered to end-consumer. Currently MoEVing provides intra-city goods movement services where per day usage of a vehicle is 80-120 kms to align with the travel range that vehicles offer per charge. As more and more vehicle types (light commercial vehicles, 4W, buses, trucks) become available and are commercially viable, MoEVing will continue to on-board all vehicle form factors onto its platform.

MoEVing – Business Model & Revenue Model

MoEVing’s business model rests on data driven defensibility as its foundation. With every vehicle being connected to the technology platform on a real time basis, MoEVing has created a data warehouse and is developing data science algorithms to drive commercial outcomes from gathered intelligence around battery behaviour, vehicle behaviour and driver behaviour leading to additional revenue streams. MoEVing’s platform is curated in a manner which allows low customer acquisition cost (CAC), low customer churn, scalable with international application with data as a moat in the business.

MoEVing – Funding

Date	Stage	Amount	Investors
December 2021	Seed Round	$5 Million	D.S. Brar, Promoter-Chairman, Aragen Life Sciences; Anshuman Maheshwary, COO, IIFL Wealth and Asset Management; Dr. Srihari Raju Kalidindi, Executive Director & COO Viyash life sciences; D.N. Reddy, Managing partner, Vindhya Group; Ashish Goel, Founder, Urban Ladder; Krishnadeva Veerareddy, Serial Tech Entrepreneur; Vijay Dutt, Founder, Citadel Management Consulting; Manas Fuloria, Founder & CEO, Nagarro; Nishant Sharma, Co-Founder, Managing Partner & CIO, Kedaara Capital; Mukul Dhyani, Senior IT Executive based out of Europe, Naresh Agarwal, Head of India R&D, Traceable; Abhishek Poddar, MD, Macquarie (MIRA); Mayank Gupta, ex-KKR Director; Anand Dalmia, Co-Founder, Fisdom; Bhanu Singhal, ex-Citibank, Govind Agarwal; Chaitanya Kamdar, Subodh Gupta and Mukesh Tiwari.

MoEVing – Getting Clients after Startup Launch

The company was incorporated on January 19th 2021 and signed its first PAN India contract on January 21st, 2021 with one of India’s biggest e-grocery companies. Their main strategy was and is delivering the best service to ensure there is no reason for any client to not convert their last mile delivery to electric. MoEVing started with 1 client and expanded very quickly to 20+ clients in 11 months because they continuously provided their thesis operationally and supported various requirements of clients and drivers to make the transition to EVs seamless.

The company has a low/zero CAC business model, since the beginning they have no sales people in their team. The growth is purely driven by two factors.

The clients, top e-commerce, e-grocery, FMCG, logistics and D2C companies needing to optimize their logistics costs and meet their goals of reducing carbon emissions.
Time and again, the proven track record with multiple customers of scaling fleet across cities and across vehicle form factors, nationally.

MoEVing – Challenges Faced

Here are some to the major challenges faced initially:

Client based challenges: Electrification of the fleet requires fundamental changes in the operational approach, which leads to us crossing initial knowledge hurdles with any client or driver they onboard.
Infrastructure based challenges: Currently most charging infrastructure providers are focusing investments towards fast charging solely focused on B2C uptake with close to no planning overlap with B2B EV charging usage where the larger percentage of adoption will take place in the coming 5 years. This created an issue for MoEVing initially but now they create their own charging spaces where drivers can charge vehicles, park, get their vehicle maintenance & related services done.
Financing based challenges: With no proven product life cycle and product know-how, it was initially difficult to convince both traditional and new age financiers to finance EVs at an affordable rate.
Driver based challenges: Initial challenges around driver training, basic understanding of EVs and how to charge them. But these are easily overcome through company’s driver training.

MoEVing – Growth

Since its inception in February 2021, MoEVing has signed contracts worth US$ 180 million in revenue potential (over three years) with 20 clients in e-commerce, e-grocery, FMCG, logistics and D2C companies. The Company has established its presence in 10 cities and operates a fleet of 650 vehicles (3W and 2W) and has a 90 people team.

MoEVing – Competitors

No player is taking an ecosystem approach towards EV adoption currently, most of the EV logistics players are solving for delivery optimization using EVs. Currently players in the same space are Mahindra Logsitics, Zypp, and LoadXX.

MoEVing – Future Plans

In the next 24 months, MoEVing aims to onboard 25,000 driver cum EV owners by end of 2023, have 50% of India’s charging stations on its app, finance a large proportion of EV fleet and facilitate financing of the same through other partners, and abate 2 Billion MT of carbon.

MoEVing – FAQs

When was MoEVing founded?

MoEVing was founded in February 2021 at Gurugram.

Who are the founders of MoEVing?

Vikash Mishra and Mragank Jain are the founders of MoEVing.

What services MoEVing offers?

MoEVing offers delivery services across different sectors, charging services, training programs for drivers and others.

February 4, 2022

Top 7 Alternatives to Ola Electric Scooters

You must have already heard about Ola Electric scooters, popularly dubbed as “A revolution on two wheels”? They are the reason for the popularity of #JoinTheRevolution.

Promising exceptional acceleration, remarkable handling, and strikingly large boot space, Ola’s electric vehicles can be charged anytime, anywhere and will eventually have the world’s largest and the most advanced factory in Tamil Nadu. They have certainly come up with revolutionary vehicles with an eye towards a sustainable future.

The Ola Electric scooters have already been available for pre-booking with a token sum of Rs 499 from July 15, 2020, and have witnessed more than 1 lakh registrations within the first couple of days. Words are going around that Ola will have these scooters home delivered for the people who will register for them online and the deliveries have also been started lately amidst the numerous roadblocks that the EV mobility makers had to face due to the global crunch of semiconductors.

With an aim to empower cleantech when it comes to transportation, Finance Minister Nirmala Sitharaman has revealed the plans of the Indian government to create special mobility zones for electric vehicles and the focus on implementing effective battery-swapping policy along with the formation of interoperability standards during the Union Budget speech 2022. Though the setting up of EV charging stations across the country is something that has been going rounds for months now, this new focus on battery-swapability is something new and interesting!

Though the luxury carmakers, the likes of Mercedes and Jaguar Land Rover have already been delivering their vehicles home for their customers for quite a while now, Ola will certainly be the first vehicle manufacturer in India to do so!

So, have you already booked the Ola scooters for yourselves? If not, then here are some alternatives that you can check out in case you are planning to buy electric scooters:

Ather 450X
Simple One
TVS iQube
Yamaha’s Electric scooter
Suzuki Burgman Electric
Hero Gogoro
Bajaj Chetak Electric
FAQ

Ather 450X

Founded as an electric vehicle company of India by Tarun Mehta and Swapnil Jain in 2013, Ather is a popular electric scooter manufacturing company that already has Ather 450X and Ather 450 Plus under their belt.

Ather 450X was launched in 2020 and has remained a best-seller in its category to date. And why not? The vehicle simply packs some of the best features of its kind.

The Ather electric scooter can be charged from 0-80% in around 3 hours 35 minutes and offers a driving range of 116 km when fully charged. The ex-showroom price of the vehicles starts from Rs 1,32,426 in Delhi.

Simple One

Simple Energy was incorporated in 2019 and is a Bengaluru-based electric startup company. Recently they have announced that they are about to launch their first electric scooter, Simple One, which will be released in August 2021.

These scooters will offer a driving range of 240kms in one 70 minutes charge. The ex-showroom price of these vehicles would likely be starting from Rs 1,10,000 and are deemed to be one of the prominent rivals of Ola Scooters.

TVS iQube

TVS Motor Company is one of the oldest, popular motorcycle manufacturing companies of India, which is currently the third-largest motorcycle company with a revenue of over Rs 20,000 crores in the last fiscal.

TVS has been in the league of electric scooters since 2008 when it first launched TVS Scooty Teenz. Its iQube is the second model in the same segment. Launched on January 25, 2020, iQube has become one of the best-selling electric scooters in Indian markets.

These scooters can achieve a 40 kmph speed within 4.2 seconds. Furthermore, they offer a maximum distance of 75 km in a single, full charge and are definitely a big, old rival for Ola’s e-scooter.

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Yamaha’s Electric scooter

Founded as early as 1887 in Japan, Yamaha Motor Company is really one of the oldest motor companies in India that have built enormous trust with its quality products and services.

Yamaha has already seen a successful run with its scooter models and has announced the forthcoming launch, in June 2021, of its electric scooter in the Indian market. The motorcycle maker has also stated that it is currently being thorough with the Indian policies around electric vehicles before unveiling its electric bike.

Suzuki Burgman Electric

Suzuki Motorcycle India, an Indian subsidiary of Suzuki, Japan, is one of the Big Four motorcycle manufacturers from Japan along with Yamaha, Kawasaki, and Honda, and has already witnessed a successful venture with its scooters and motorcycles in India.

Given the latest hype surrounding electric scooters in India, Suzuki India is also planning to launch its first electric bike, Suzuki Burgman Electric, which is to hit the roads in December 2021 and is billed as a powerful alternative to Ola Electric.

The scooters will likely wield a top speed of 80kmph, and sport a driving range of around 125km. They might also have swappable/portable battery technology. Burgman’s petrol scooters are priced around Rs 1 lakh mark, and the electric offering might be starting from Rs 1.50 lakh, on-road.

Hero Gogoro

Hero Motorcorp, which was formerly known as Hero Honda, is the largest two-wheeler manufacturer in the world as well as in India. The Indian motorcycle manufacturing giant based in New Delhi, India, has already won the hearts of the Indians with their varied motorcycles for all kinds of customers and is now eyeing a similar success with its electric bike that is set to launch in 2022.

Hero has already partnered with EV behemoth, Gogoro, and is all set to set up charging infrastructures all over the country, then release their electric scooter. Coming quite late in the market Hero-Gogoro vehicles are deemed to have a good understanding of the market and will be foolproof against any odds!

As of July 2021, we can expect a price tag of Rs 1.3 lakh, until any further updates but it will surely be a challenger to all the electric vehicle manufacturers including Ola Electric.

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Bajaj Chetak Electric

Bajaj Auto Limited, a part of Bajaj Group, which was founded in the 1940s, had been quite popular with its two-wheelers and three-wheelers ever since its vehicles hit the road. Bajaj Chetak, the most popular scooter from the house of Bajaj, has already established a legacy, from 1972-2006, in the Indian scooter market.

Bajaj launched its Chetak Electric in January 2020, to recreate the magic. With a riding range of 90 km on a full charge, and promising a full charge of 100% within 5 hours, Chetak Electric is holding a strong position in the market as of now.

Conclusion

With a battleground ahead to make a place for themselves in the two-wheeler market of India, Ola Electric should surely prove its resilience to stay strong in the upcoming years. Nevertheless, the future for Indian two-wheelers is indeed in the safe hands of a bunch of trustworthy vehicle producers, who are not only racing for their own benefit but for the overall good of the country and the world with their eco-friendly vehicles.

FAQ

What is the price of Ola electric scooter in India?

The Ola electric scooter is priced around Rs 80,000 to Rs 1 lakh in India.

Which is best electric scooter in India?

Revolt RV400, TVS iQube Electric, Bajaj Chetak, and Ather 450X are some of the best electric scooters in India.

What is the range of Ola electric scooter?

The Ola electric scooters can achieve a range of 130-150 kilometers.

February 1, 2022
Why Maruti Suzuki is Not Planning to Launch Electric Vehicles in India Any Soon?

The world is moving really fast. It was never in history that we had the luxury to learn about anything in the world from the comfort of our homes. The information that we deal with (on a daily basis) is immense. All of this just doesn’t come up out of the blue, it has a price that we pay every day. The price is some of the other natural resources or some non-replenishable resource. But now the world is witnessing the shift. The shift from non-sustainable methods of human activities to more sustainable methods.

One of the pioneers of such a transition is EVs. It is an acronym for Electric Vehicles. It is forecasted that these cars (or vehicles) will be the future of not just public transport but will be the future of private transportation as well. With that being said, everyone is trying to get into the business of EVs. Every other car manufacturer is making their cars electric.

In an immensely population-dense country, India, the sector is getting ready to launch. Top-notch companies are planning to disrupt this market with some innovation. Except for one carmaker, Maruti Suzuki. The largest carmaker in India will refrain from entering the electric vehicles market in India. This article talks about what are (and could) be the reasons for such waste of potential.

Maruti Suzuki Plans about launching EV in the Indian Market
Why is Maruti Suzuki Refraining from the EV Sector?
When will Maruti Suzuki Enter the Indian EV Market?
Current Situation of Maruti Suzuki
FAQ

Maruti Suzuki Plans about launching EV in the Indian Market

First, let us give you some context. It has been reported that the country’s largest carmaker, Maruti Suzuki has plans that they will not enter the electric vehicles markets in the short term. This trend of refraining will continue till the market is feasible. Chairman R C Bhargava told shareholders at the company’s 40th annual general meeting.

Yes, this news surfaced all over the internet. It shook not only the investors but people who had hopes for the company to launch EV. Adding to the news, RC Bhargava, the chairman, told the investors and shareholders that the carmaker has no plans to enter the EV market in the short term. They will only enter the market when the market will show some feasibility in the future. This was seen as the main highlight of the 40th annual general meeting that was held last year.

Adding to the notion of not entering the EV Market, Bhargava said the government’s focus is on developing the two-wheelers with the primary goal of electrification.

In the product segment of two-wheelers, Hero and Ola have been innovating. We all know that Hero is trying its best to enter the electric vehicle market and on the other hand it is developing infrastructure for charging electric vehicles.

Ola, the ride-sharing and taxi service startup is also looking forward to an electric future, so much so that they recently launched their product called the “Ola Electric”. Ola electric is a two-wheeler that runs on electricity. Thus, apart from the product segments of the two-wheeler category, remains the passenger vehicle segment. This is the primary market of Maruti Suzuki and they are quite unaffected by the newborn electric vehicles in this segment.

Bhargava added that they know that the sale volume is minimal and it is not in much of a magnitude. This easily predicts that folks at Maruti Suzuki are trying to play it safe rather than just jump on what is the hottest trend in the market right now.

In the passenger vehicles segment, a few manufacturers have brought EVs, “but the sales volume is minimal, and it has had no impact on the market share of Maruti Suzuki,” Bhargava said.

Annual EV Sales in India

Another fact that is baffling the EV enthusiasts is that other vehicle makers like Tata Motors, Mahindra and Mahindra are already running fast in the EV race.

Tata Nexon EV

They are so much into Electric vehicles that they have already manufactured a little over a dozen battery-powered vehicles. That trend in those carmakers can be seen among various product segments.

They are even forecasted to be more active in the market in the short future. Up till 2025, they will lead the Indian Electric Vehicles market by much more than the then-newcomer in the EV market, Maruti Suzuki.

Why is Maruti Suzuki Refraining from the EV Market?

When asked why the country’s topmost car maker is refraining from the EV market they replied with a rather satisfactory answer. Bhargava mentioned that Maruti Suzuki is currently planning to focus on the Electric vehicle segment, without making a loss on its basic and natural operating cycle. This was what he replied when investors enquired about the Electric vehicle segment.

In response to queries from several shareholders, Bhargava said Maruti Suzuki is looking at the electric vehicle (EV) segment without making a loss on operations.

“Maruti Suzuki is the leader in the passenger vehicle industry, and it fully intends to have leadership in EVs. But to be sure, Maruti Suzuki’s focus in the short term is CNG and hybrid vehicles – until the time EVs reach a certain scale. On its part, the company’s sister arm – Suzuki – and Denso and Toshiba, have already started working on localization of lithium-ion cells and engaging with the vendor fraternity to have a deeper localization to deliver an EV “that is accessible and delivers enough scale to add to the bottom line.” he added

After the statements by Maruti’s Chairman, one thing is clear that Maruti Suzuki has hopes for electric vehicles, but it doesn’t want to just jump right into the trend. It is waiting for a little more stabilised market in the Electric vehicle market and until then, Maruti is cleansing the company to better fit the EV market in the future. It is not scared of the innovations but just doesn’t want to regret any early investments. After all, it is such a big organisation and also holds a lot of expectations.

When will Maruti Suzuki Enter the Indian EV Market?

Suzuki’s parent company had said an India special EV might be ready by 2025. Regarding issues related to climate change, zero-emission and carbon neutrality, India has to follow its own schedule and not be pressured by the timelines set by more developed nations in the world, the chairman asserted.

“Yes, we must work with the rest of the world, we must be concerned about climate change, we must go on to reduce emissions. But we and the world have both to recognise the disparities in income and living styles and the disparity in the consumption of energy per capita in the developed world and India,” Bhargava answered.

The company will be launching an all-new sports utility vehicle next year to expand its footprint in the fast-growing segment in the mainstream market. The development work on the vehicle is underway, which will be introduced shortly. “Once we have the SUV next year, we will have more market share in that area”, he added.

It is clear from the above statements that the company clearly understands what the Indian user would want. It is true that the whole of India is not readily agreeing on shifting to electric vehicles and it will take some time. Until then Maruti plans to do more research and development on prospective investments.

Current Situation of Maruti Suzuki

If we look at the current situation in the product segment, we will find that Maruti Suzuki is the dominator of the vehicle segment. It has, in the local markets, very well accepted cars like that of Wagon R, Swift, Baleno, Vitara Brezza, Ertiga, XL6 and the S-cross. On the other hand, Hyundai (Korean rival) has made good growth in the SUV category.

Top Best-Selling Cars of December 2021

Separately, Bhargava said while Maruti Suzuki has faced some loss in production due to the shortage in availability of semiconductors, it is not of major concern. The current shortage of semiconductors facing the automobile industry is temporary, partly caused by the outbreak of the coronavirus pandemic and is expected to be over by 2022.

“Meanwhile, there has been a bit of a hit on the production of vehicles, and we have had to adjust, but there is no major loss that we have to be concerned about,” Bhargava said.

Bhargava has a thought process. That is, he thinks that India has to look after the citizens’ needs and wants. The only way to do that is to increase the lifestyle of individuals. They have to be better equipped with income to spend and live a decent life, this will create new demand for not just electric vehicles but everything else.

Not only this, he believes that this will also help in catching up with the rest of the world. The electronic vehicle is a concept that was first released in the outer boundaries of the world where technology is developed. They also enjoy a slightly better lifestyle than most Indians. EVs have to be tailor-made for Indians.

“It will require a much higher per capita energy consumption even if we adopt much more energy efficient means of consumption”. Bhargava pointed.

Bhargava further said: “And to do that we cannot follow everything which the West does. We have to make our own schedules and programmes and ensure that we do not adopt rules and regulations, which results in the people of India not being able ever to come up to the point of levels which they need to come up with to reduce (the gap) with the rest of the world.”

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Conclusion

The above article points to the boundaries and the centre of the news piece that showed everyone. It is true that the homegrown vehicle maker Maruti Suzuki has hopes and aspirations for Electric scenes in India. But it surely does not want to do that in haste. Maruti has reported some slight losses due to manufacturing issues due to the unavailability of semiconductors. This however is not a big issue and they are getting better everyday. Maruti plans to be a little more stable in operations before they start investing in the Electric vehicle segment.

The news smoke came even when rival companies like Tata Motors and Mahindra and Mahindra had lined up a lot in the Electric vehicle domain. It is forecasted that up until 2025 they will launch some dozen more EVs for citizens.

To those queries, the officials have already answered the raised questions. Bhargava said Maruti Suzuki is looking at the electric vehicle (EV) segment without making a loss on operations. India is a special market for everything, not just in the segments of the electric vehicle.

One who understands the markets and the needs of Indian customers are set to rule the market. Maruti over the years have done really well in the passenger vehicle segments, and this is good proof of their understanding of the Indian scenario.

FAQ

Is Maruti coming with electric cars?

Yes, Maruti has plans to enter the Indian EV market in 2025.

What is the price of the Maruti electric car?

The Wagon R electric will be priced at 10 lakhs in India, which is slated to launch in 2025.

Why is Maruti not making electric cars?

Maruti Suzuki’s chairman, R C Bhargava stated in its annual general meeting that, They will only enter the market when the market will show some feasibility in the future.

January 10, 2022
Can Tesla Sail Through Competitive Indian Seas?
Tesla is an electric vehicle producer headquartered in California. It was founded by Martin Eberhard and Mike Tarpenning in 2004. The company was named as a tribute to electrical engineer Nikola Tesla. In February 2004, via a US$6.5 million investment, X.com co-founder Elon Musk became the largest shareholder of the company and its chairman. He has served as CEO since 2008. The company manufactured its first car in 2009, named The roadster. It was followed by new and efficient models ever since.

Tesla’s Ingenuity
Tesla’s Global Headstart
Tesla’s Gateway to India
The Anticipated Competitors of Tesla
Tesla’s India Specific Challenges
Conclusion
FAQs

Tesla in India Analysis

Tesla’s Ingenuity

Tesla Supercharger
- Tesla supercharger is a fast charging vehicle technology made by Tesla. It is a 480-volt direct current fast charger for all their electric cars. The Supercharger network was introduced on September 24, 2012, with six Supercharger stations. As of February 18, 2021, Tesla operates over 23,277 Superchargers in over 2,564 stations worldwide[2] (an average of 9 chargers per station).
- Tesla launched the “Destination Charging location” network in 2014. Equipping chargers to hotels, restaurants, shopping malls and resorts to provide on-site vehicle charging at twice the power of default home charging.
Ola Electric Scooter – Booking, Specifications, Charging, Price and more

Ola has announced the launch of the electric scooters, with pre-bookings touching 1 lakh in just 2 days. Learn everything about these vehicles, including how to book here!

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Tesla’s Global Headstart

Tesla broke ground on the Gigafactory in June 2014 outside Sparks, Nevada. The name Gigafactory comes from the word ‘Giga,’ the unit of measurement representing “billions.” The Gigafactory is being built in phases so that Tesla can begin manufacturing immediately inside the finished sections and continue to expand thereafter.

Tesla opened its first Gigafactory in Shanghai, China. It was impressively built in less than Six months. It was also the first automobile factory fully owned by outside authority in China.

Gigafactory (Image via Tesla)

Watch Below Governor Brian Sandoval and Elon Musk, Chairman and CEO of Tesla Motors, announced that Nevada has been selected as the official site for the Tesla Gigafactory. Tesla will build the world’s largest and most advanced battery factory in Nevada which means nearly one hundred billion dollars in economic impact to the Silver State over the next twenty years.

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Tesla’s Gateway to India

Tesla India Motors And Energy Private Limited is a subsidiary of Tesla Inc. The company was registered on 8 January 2021 in Bengaluru, Karnataka. It has officially registered with the Registrar of Companies in India at its Bengaluru office. Transport Minister Nitin Gadkari has confirmed the entry of Tesla in India

Tesla should “make cars in India, sell in India and export from India,” and rely on local suppliers, Gadkari said at an India Today Conclave

Though there has been no formal announcement by the company on its India plans yet. Whatever be the plans the company is asked to manufacture and then sell in India and not to sell cars “Made in China”.

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With the decrease of covid numbers the car sales in India have increased gradually in 2021. Mahindra, Tata, Hyundai and Maruti Suzuki are top car manufacturers.

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The Anticipated Competitors of Tesla

The Future is Electric, this is not a future sentence anymore. We are already witnessing companies manufacturing and people moving to Electric vehicles. Several top performers in this field in India are pointed below.

Tata Electric

Tata EVs | Tata Electric Vehicles

Tata is an already established and trusted brand in India. In order to boost EV future plans the company plans to invest $1 Billion Tata Motors electric vehicle subsidiary, Tata Electric. Tata Motors recently struck a deal to raise Rs 7,500 crore from TPG Rise Climate and Abu Dhabi’s ADQ. This is a major fundraising by an Indian carmaker to boost the clean transportation segment. For now the company has introduced two EVs in market:
- Tigor EV
- Nexon EV
Ather Energy | Indian Electric Vehicle Company | Company Profile |

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Hyundai

Hyundai KONA Electric

Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. They also hold a dominant share in Indian car segment through their operations in India. They launched their first EV, The Kona Electric to tap the newly formed demand in this sector.

Autobot India – Leading in EV Design & Development Learning

Autobot is a one-stop solution provider in the domain of electric vehicle, which includes training, consulting & product. Know Autobot India’s story.

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Mahindra Electric

Mahindra Electric car

The automotive giant is not left behind in the market of EVs. It has already started to manufacture automobiles that are powered by electric means.

Examples Include:
- eVerito
- eSupro
- e2oPlus and more
Morrison Garages India

Morrison Garages

British automotive founded by Cecil Kimber in the 1920s, and M.G. Car Company Limited.The Indian subsidiary was set up in the year 2017 and began its sales and manufacturing operations in 2019. Now, it is a celebrated car brand in India. Last year it came up with the MG, ZS EV. The MG ZS EV is not just India’s first pure Electric Internet SUV, but also a catalyst for change. The EV is powered by i-Smart EV 2.0. Style, substance, performance.

Mercedes Benz

The car brand that is synonymous with luxury, came up with an all electric vehicle in oct 2020. The Mercedes Benz EQC Electric, with the same elegant style and the same robust lux that is always expected from the automobile manufacturer.

Mercedes EV Launch

Tesla’s India Specific Challenges

Charging Infrastructure

The one necessity of electric vehicles is its charging demands and it’s a new concept to the world. So generally charging Infrastructure becomes a little problem for developing countries. In a developing country like India, The charging Infrastructure that is needed to jump on the EV trend is not ready. There is a lot of space left to fill in this domain. The Government of India is trying and boosting the process to develop the infra as soon as possible.

Cost

Another crucial thing in an EV is the battery, The lithium Ion battery. Every EV is powered by a battery that has to be imported in India. In case of four wheelers, Most EVs in India provide a range of 200 to 250 km and cost between Rs 14-20 lakhs which does not give a cost advantage compared to higher range cars in the same price range.

Lack of Renewable Energy

In India most of the electricity is made by coal burning. If we see EVs running in our markets then electricity demand will shoot up. Which will moreover push the companies to produce more and more electricity. Which will cancel out the motive of reducing the greenhouse gas emission because coal burning itself emits GHGs.

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Conclusion

Tesla has plans of getting in the Indian market and most probably it will enter. But the company will see many aforementioned edges and challenges that will ruffle their feathers, Like the Charging Infra, GHG emissions and Cost control issues. Moreover, seeing the current face of the government, and watching the relations with China, it will oppose selling “Made in China” cars in Indian Markets. Either Tesla has to start manufacturing in Indian Borders or have to find other ways to tackle the obstacle. In a nutshell, we can say that If the company has to expand and plant roots in our subcontinent, then it has to be agile and innovate in accordance to the demands here. It will have to improvise a bit.

FAQs

Is Tesla allowed in India?

Tesla has got approval for four of its variants by the Indian government.

Which Indian company ties with Tesla?

Sona Comstar Ltd., Sandhar Technologies Ltd. and Bharat Forge Ltd. are among some Indian companies already supplying components to Tesla.

Does Tesla manufacture only electric cars?

Tesla builds not only all-electric vehicles but also manufactures scalable clean energy generation and storage products.

Who is Tesla’s biggest competitor?

Some of the Tesla’s competitors are:
- Tata Electric
- Hyundai
- Mahindra Electric
- Morrison Garages India
- Mercedes Ben
October 19, 2021
How Autobot India introduced the 1st ever specialized certifications in EV tech learning
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Autobot India.

Autobot India has been established with a vision to create a holistic platform that supports the EV industry. The platform has been built to provide superior technology-driven learning outcomes and constant enhancement of the learning experience through R&D. It has built 5 plus learning and development products and over 10 domain specialized programs in EV technology. The team has done this over a period through extensive research, testing, validation, and refinement.

Autobot also has the first-mover advantage as far as the Indian market is concerned. It is the first in India to introduce specialized certifications in EV technology learning. StartupTalky interviewed Ashwini Tiwari (Co-founder & CEO, Autobot India) to get insights on the startup story and the roadmap of the organization.

Autobot India – Company Highlights

Startup Name Autobot India

Founder Ashwini Tiwari

Headquarters Pune

Founded June 2017

Industry Electric Vehicle (EV)

Website autobotindia.com

Autobot – About and Vision
Autobot – Industry Details
Autobot – Founders and Team
Autobot – Idea & Inspiration
Autobot – Name, Tagline & Logo
Autobot – Product and USP
Autobot – Business Model & Revenue Model
Autobot – Startup Launch Strategies
Autobot – Challenges Faced
Autobot – Funding
Autobot – Future Plans
Autobot’s Founder Advice
Autobot – FAQs

Autobot – About and Vision

Autobot India has been established with a vision to create a holistic platform that supports the EV industry. It envisions becoming a single solution platform for the global market offering turnkey solutions for testing, learning and development, manpower, and technology support. Autobot aims to benefit OEMs, institutions, and all other stakeholders. The company is constantly innovating and enhancing the technologies available.

The core vision of the company is to solve a fundamental problem and contribute to the betterment of society, the people, and the country. Autobot aims to bring in change by its innovative model of learning and development. The biggest challenge with the current model of engineering education is that there is too much focus on aspirations, but very little on execution. This company is building a structured thought process focused on the industry exposure of learners that will offer clarity and awareness to enable smoother execution. “EVs are the future of mobility, and Autobot’s goal is to make India an EV nation”

In the short term, Autobot India is developing a holistic learning and development platform for Indian EV market stakeholders such as OEMs, startups, and individual aspirants. The platform will be a point of convergence for the entire industry to join hands and enhance its technology and manpower capabilities and for the individual to enhance their employability.

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Autobot – Industry Details

The Indian automotive sector is a mega-market with multiple streams. The overall market generates nearly 7 crore direct and indirect jobs. While EVs are currently a small chunk of the market, they will become a dominant sector in the next few years. The team at Autobot foresee almost 30% of the automotive market directly turning into an EV-oriented sector in the years ahead. That will be a 2.15 crore plus workforce and that’s what they are aiming to capture in the long run. Initially, Autobot’s target is to acquire about 5% of this segment which will be a huge market of over 1 million people to train.

The EV industry is set to grow big, and Tesla has spearheaded the global evolution of the sector. EVs are the most fuel-efficient and environmentally friendly vehicle technology. Earlier, conventional car companies had considered EVs to be inefficient, but Tesla has proved that with the innovation they can be as efficient and effective as Internal Combustion Engine vehicles or even better. With the rise in global per capita incomes and awareness about environmental pollution, car buyers globally are looking at options that are greener and safer. This lifestyle enhancement and safety aspiration are going to be fulfilled by the EVs. The Government of India plans to take the current 1% market share of EV to 10% of all vehicle registrations by 2025 and turn 30% of on-road vehicles to electric by 2030. This is in line with India’s commitment to the Sustainable Development Goals of the United Nations. If we look at the existing number of vehicles on the road and the projections, this 10% market size in itself will be about 1 crore EVs on roads by 2025 and that’s a massive market to capture.

Autobot – Founders and Team

Autobot was founded by Ashwini Tiwari and his brother

Ashwini Tiwari – Autobot India Co-founder

About Ashwini Tiwari

Ashwini comes from a marketing & finance background with extensive experience of working with MNCs such as Alibaba as well as a few leading startups. His forte is marketing collaboration, networking, and business development. He has closely worked in the product development segment as well. His experience also includes working with motorsports events for 3 years, where Ashwini was handling pan India’s responsibility of technical education and training that turned his entire perspective towards the Automotive and EV industry specifically.

Autobot India Team

The duo spent two years on planning, modeling, product development, and other aspects before they decided to enter the market. Subsequently, they hired a couple of team members who had assisted them in the planning and development of the content. Today, Autobot India has a strong team of 15, working in areas such as operations, community development, R&D, and technology. It also has a team of nearly 50 plus experts and instructors for its education business and another 20 advisors from the industry. Right from the outset, the founders have strategically brought in industry experts and professionals to offer industry-oriented and practical exposure rather than academia-focused exposure. and not hired professors from institutions. They are aiming to double the core team of 30 soon and in the next three years, the plan is to add another 100 members to the team.

Work culture @ Autobot India

Throughout Ashwini’s career journey, as he worked with companies ranging from large MNCs to interesting startups and in profiles ranging from entry-level jobs to leadership roles, he had always wanted to launch an entrepreneurial venture. When he founded Autobot, he was clear in his mind that he will have a company culture that is vibrant and result-oriented but like a family.

“We share each other’s achievements and failures, successes, and struggles together. We have been a people-centric organization” Ashwini added.

Earlier the company did annual appraisals as per the industry practice, but now it is doing half-yearly appraisals. The idea is to reward the performers and encourage others to work better. Ashwini’s wish is to fast-track the careers of the employees and to empower the doers with greater remuneration and job profile-related opportunities. Despite Saturdays being official workdays, they don’t work beyond essential tasks on the day and spend time networking, informally engaging in discussions, and even in group outings wherever possible. While hiring talent, his biggest criteria are to choose people who have passion for the job and enjoy doing their work. The best thing for any organization is to see its employees take pride in the work that they do for the company even after they move on to other jobs. This is the mindset that is cultivated at Autobot.

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Autobot – Idea & Inspiration

This has been a long process that is now coming to fruition. The founders first started connecting the dots in the year 2015 and charted the course for building a value-driven model. The next 3-4 years were spent on understanding the complex nature of the challenge and how to solve the problems through technology. In between, they dealt with the demonetization and the pandemic outbreak, but their idea was clear that they’d use innovation and technology to address the challenges.

They steadily grew during the lockdown and focused on fine-tuning the solutions even during the lockdown. Ashwini had extensive experience working in the conventional automobile sector and he knew that a huge knowledge and awareness gap existed as far as EVs were concerned. It was only in 2018 or so that the EV discussions in India really gathered momentum.

The founders decided to create a technology-driven experiential platform that will spread awareness and empower the automobile sector with the information that is needed. The Autobot India platform will serve as a gateway for people entering the industry and offer them the right thought structure and technology competence to manage the challenges. After a lot of thought, they founded the company in June 2017. Since then, until now, Autobot India has been developing, researching, and fine-tuning the Autobot India platform.

Autobot – Name, Tagline & Logo

The story behind the naming of the brand is an interesting one. The founders had been doing a lot of brainstorming to decide on a name that would define the purpose of the company.

Ashwini is a big Transformers’ movie franchise fan, and one night, while he was taking a walk on the Lajpat Nagar road in Delhi, the idea struck him. Since their business is a merger of automobile expertise with cutting-edge automation technology, that is, robotics, the term ‘Autobot’ clearly defines it as it means autonomous & robot.

The future is going to belong to electric and autonomous vehicles and there couldn’t have been a better title for the business. As for the logo, it has a very special story behind it which will be revealed at the right time. As of now, the team is keeping the grand secret under wraps. It will be something with the colors of the Indian national flag, that is, orange, green and white, which in short conveys that this is a made in India product.

Autobot India Logo

Autobot – Product and USP

At present, Autobot India is a Platform as a service (Paas) company with a blended platform offering services and innovative solutions built with the aim of technology experience in training and development. The team might build physical products in the years to come as that’s a part of the plan, but presently they are only into offering consulting, learning & development solutions.

Autobot has built 5 plus learning and development products and over 10 domain specialized programs in EV technology. The team has done this over a period through extensive research, testing, validation, and refinement. They have built an excellent learning product that will serve as the ‘go-to’ platform for everyone aiming to join the EV sector. Autobot’s products are equally beneficial for a fresher, as they will be for someone with several decades of industry experience. It is providing specific and innovative technology and learning experience to people through its blended model.

The whole program has been developed as per the founders’ own unique methodology known as PLA (Practical Learning Approach). There is industry-centric exposure, and they also do validation from the government sector as well as the industry experts. The Autobot platform has been built to provide superior technology-driven learning outcomes and constant enhancement of the learning experience through R&D. They have met EV experts & MSME leaders and even Niti Aayog as well as other government officials, investors and everyone has praised their ideas and the feasibility of the same.

USPs are methodology and expertise, consistent technology-driven learning with innovation. The team has constantly endeavored to set itself apart from a conventional learning platform. It is their innovation-based learning that is the biggest differentiator. The approach is going to revolutionize all aspects of automobile training and the higher education ecosystem in India. Autobot is using a lot of technology and honing them to achieve the goal of the technology learning experience. Not only that, but they are also keeping the mass benefit in view. The learners will get technology specialized premium learning experience at affordable rates. This is going to be one of its core USPs.

Autobot also has the first-mover advantage as far as the Indian market is concerned. It is the first in India to introduce specialized certifications in EV technology learning. It has been providing offline learning options since its early days but, it was in 2020 that the company launched its virtual learning platform. This has completed the framework and it now has a blended online and offline model which is scalable and sustainable.

“We don’t want to be a learning institution but rather use tech innovation-based learning. All our efforts and plans are aimed at it. This is the very base model that we are launching now. This will revolutionize learning in higher education in India as an automobile learning and development platform. We are working on a lot of technologies that will be adopted to achieve the goal of the tech learning experience at Autobot India. It will be an affordable learning model that will deliver premium learning for all. This is what Autobot Academy will be.” says Ashwini Tiwari, Co-founder, Autobot India.

Autobot – Business Model & Revenue Model

Autobot currently has a subscription-based model of revenue generation. However, the platform is multi-faceted, and in the times to come, it will be generating revenues through certification courses and EV lab solutions. Until now, the organization has been in a validation phase with no emphasis on driving revenues beyond the limited range necessary for validation.

Autobot – Startup Launch Strategies

Customer acquisition wasn’t the bigger challenge for the team in this early stage as EV is the current global trending and booming industry. Being the first mover and India’s only EV tech specialized platform, people started interacting with the launch of Autobot’s programs early on.

Ashwini had a database of over 100 institutions with which he was directly in contact. He reached out to them, and they trusted them and agreed to participate in the program. Ashwini is a digital marketer, so he also leveraged the digital marketing channels to acquire customers.

Further, the team had deliberately kept their customer numbers low since they were in the testing phase. Autobot only needed the right number of clients to test and validate the technology built by the team. The company also has a referral system with more than 3000 network members who helped it receive a lot of incoming queries. Today, 15%-20% of its registrations come from referrals, up to 30% from the traffic they receive on the website, and the remaining through its digital marketing initiatives as well as word of mouth. Autobot has an excellent customer retention rate.

In one of the big moves, Autobot India tied up with MG Motors to provide a specialized training program in AI and EV which is aimed at providing skilled manpower for the automobile industry.

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Autobot – Challenges Faced

The founders haven’t faced any challenges typical of conventional industries since they are building an entirely new and expansive ecosystem. However, they had some initial struggles with platform building, maintaining the startup during the pandemic, and retaining the talent that they have.

Autobot is a bootstrapped company, so the founders had to face funding challenges too. However, they believed in the idea and have managed to steadily generate enough revenue to fund its operations, paying the salaries and building more capacity. Today, Autobot has facilities in Bangalore, Delhi, and Pune, and all operations are being self-sustained through internal revenue generation.

Autobot – Funding

Until now, Autobot has been a bootstrapped company with the founders providing the initial capital. Currently, the operations are self-sustained.

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Autobot – Future Plans

As of now, Autobot is a PaaS operating in Indian markets, however, going forward, the team aims to introduce physical products and in two years from now, they aim to enter the international markets.

Autobot’s Founder Advice

Ashwini Tiwari says –

I wanted to be an entrepreneur from a young age and always experimented with something new. My first official startup venture was in 2013, Autobot is my second venture. But in my journey as an entrepreneur, these are the learnings i would like to share –
1. Have a clear plan of action – Don’t start anything on a whim. Have a thorough understanding of the business and what you have to offer
2. Understand the market – Do proper research and study of the industry, competitors, market potential, what you have to offer, etc.
3. Planning operation & Finance – Understand where you stand, how you will arrange the finances and operations. If something happens, would you have the capacity to sustain, ask this question, Also spend sparingly, till your business is not sustainable, don’t make heavy investments.
4. Network Building – Build connections, keep networking with the right people, sharing value, and taking inputs from them.
To my 15-year self, I would say, “Dream Big” don’t shy away from dreaming big. My parting remark to everyone aspiring to become successful is if you dream big you will naturally work towards it.

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Autobot – FAQs

What is Autobot India?

Autobot India is developing a holistic learning and development platform for Indian EV market stakeholders such as OEMs, startups, and individual aspirants. Autobot has built 5 plus learning and development products and over 10 domain specialized programs in EV technology.

Who is the CEO of Autobot?

Ashwini Tiwari is the Co-founder & CEO of Autobot India.

Is Autobot an Indian Company?

Yes. Autobot is an Indian company headquartered in Pune.

Is Autobot funded?

No. Autobot has been a bootstrapped company with the founders providing the initial capital.

What is the business model of Autobot?

Autobot India is a Platform as a service (Paas) company. It currently has a subscription-based model of revenue generation. However, the platform is multi-faceted, and in the times to come, it will be generating revenues through certification courses and EV lab solutions.
October 1, 2021
ION Energy – World’s Most Advanced Battery Management & Intelligence Platform!
With batteries contributing to 40%+ cost in modern EVs, there is anxiety around their longevity and performance (charging time, safety, etc) that require more than just local safety protection. ION Energy is an Advanced Electronics & Software supplier for EVs & ESS. It is focused on building technology that will improve the life and performance of lithium-ion batteries that power electric vehicles and energy storage systems.

ION Energy is accelerating Earth’s transition to an all-electric planet. With a cutting-edge battery management system, advanced analytics software, and artificial intelligence-powered platform, ION is enabling electric vehicle and energy storage space providers the power of data to make faster and smarter decisions.

Read this article to know about ION Energy, funding, CEO, founders, turnover, products, business & revenue model, investors, awards, challenges, and growth.

ION Energy – Company Highlights

Startup Name ION Energy

Headquarter Mumbai, India

Sector Energy

Founders Akhil Aryan, Alexandre Collet

Founded 2016

Legal Name ION Energy Inc.

Website ionenergy.co

ION Energy – Latest News
About ION Energy and How it Works
ION Energy – Target Market Size
How was ION Energy Started?
ION Energy – Product/Services
Founders of ION Energy and team
ION Energy – Name, Tagline, and Logo
ION Energy – Business Model
ION Energy – Revenue Model
ION Energy – User Acquisition
ION Energy – Startup Challenges
ION Energy – Growth
ION Energy – Funding and Investors
ION Energy – Advisors and Mentors
ION Energy – Acquisitions
ION Energy – Recognition and Achievements
ION Energy – Future Plans

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Mumbai is the financial hub of India and among the wealthiest city globally[https://startuptalky.com/richest-person-india-list/]. Headquarters of the mostof the financial institutions like Bombay Stock Exchange, RBI, National StockExchange, and the Mint are located in Mumbai. Even the HQs giant b…

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ION Energy – Latest News

July 2, 2021 – ION Energy raises a total of $3.6 million in pre-Series A funding round led by retail giants Amazon, followed by angel investors YourNest Venture Capital, Riso Capitol, Venture Catalysts, and others. The funding round was initiated by the eCommerce behemoth’s Climate Pledge Fund, which is set aside by Amazon to support promising sustainability initiatives of startups.

About ION Energy and How it Works

ION Energy has pioneered a disruptive battery intelligence platform – Edison Analytics, that is designed to improve performance and extend the life of Lithium-ion batteries. Edison leverages battery data, software analytics, and AI to remotely monitor, predict, and improve battery life. Battery pack manufacturers, OEMs, and electric mobility fleet operators around the world use ION’s platform to optimize their battery management systems (BMS) and build world-class batteries.

Edison Analytics Features

Both the Founders Akhil and Alex are ardent believers of the first principle thinking and aim to build for the future and plan to shepherd the gradual and seemingly inevitable shift from fossil fuels to electric energy, more importantly in a developing yet booming economy like India. They emphasize the importance of educating and mobilizing the masses about the new alternatives of energy to change the prospect of EV as a niche concept to a mainstream.

ION Energy – Target Market Size

Battery storage may be the biggest disruption to the energy sector: Globally, the advanced energy storage market is forecast to grow from an annual installation size of 6GW in 2017 to over 40GW by 2022. In some markets, the improved performance and decreasing costs of batteries are already seeing them displace natural gas from the energy mix.

The company’s success in international markets have enabled them to sell 25,000 BMS that have been used with 100MWh of batteries last year. ION’s battery technology platform is leveraged by 60+ companies in 12 countries like India, France, Germany, Austria, Poland, North America, South Africa, UK, etc. to optimize their battery management systems (BMS) and build world-class batteries.

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How was ION Energy Started?

Despite Akhil’s graduation degree in Finance, he was interested in energy and software, since he was much younger. While he was managing the growth strategy at Haptik as its CPO in 2015, Akhil became intrigued by the launch of the Tesla Model S. The interest piqued further when his father was about to sell his Skoda Superb car and he had suggested converting it into an electric model.

While doing some research, ION energy Founder Akhil realized that replacing an internal combustion engine with an electric engine would cost him more than half of the car’s cost, i.e. a car which is in the range of INR 50 lakhs would require a battery amounting to INR. 1 Crore! Given the challenge of the exorbitant battery cost (the most expensive component in an EV), Akhil recognized that there was a pressing need to make the batteries affordable and accessible so that it lasts longer, performs better, and eventually, significantly reduces the cost of the vehicle.

Identifying the gap that no other company in India was catering to this space, ION energy took birth in 2016 in Mumbai. By the next year, ION Energy acquired Freeman SAS, an almost decade-old French company building Battery Management Systems, to boost its core competency. This led to Alex Collet transitioning from his role as a Founder of Freeman SAS to ION Energy’s Co-Founder and marked the international foray of ION Energy with an office in France.

ION Energy – Product/Services

ION Energy is an advanced battery management and intelligence platform. A BMS consists of a microcontroller and a bunch of sensors on the hardware so the technology involved is interfacing with this microcontroller through all these sensors and then interfacing this BMS with the battery pack. The core functions that a BMS performs include – data acquisition, protection, storage, and communication.

Battery Management System Hardware

In terms of the software used, there are various algorithms that run inside the microcontroller which is used to compute certain parameters of the battery such as the state of charge, state of health, range, etc.

The BMS that’s present in the battery pack has substantial information stored inside it and then there is the cloud that is powerful enough to compute, assess, and analyze. The startup is currently building a telematics unit that can transmit this information via the internet, but in its absence, it is using ION Lens, a telematics gateway unit.

ION Lens collects information from the BMS through Bluetooth over your phone and uses the phone’s internet connection to transmit information to the cloud in real-time. There is also a PC utility tool called CANView which runs on your laptop through a wired medium to the BMS called CAN. It connects, then your laptop sends info to the cloud in real-time, through the PC.

The intelligence layer on top of this is Edison Analytics. This is where the data is analyzed on the cloud. The insights are based on the data and the initial calculations that are being done by the BMS placed along with the battery pack locally, without the cloud.

Get Real Time Alerts with Edison analytics

Edison Analytics is designed to improve performance and extend the life of Lithium-ion batteries. Edison leverages battery data, software analytics and AI to remotely monitor, predict and improve battery life.

Advanced battery management and intelligence platform, ION is focused on building technologies that improve the life and performance of lithium-ion batteries used inside of electric vehicles and energy storage systems. ION also leverages advanced electronics and software that accelerates the effort of engineering teams.

In 2018, after acquiring an 8-year-old French Battery Management System (BMS) developer – Freemens SAS, ION came out of stealth mode and unveiled its first product UDYR, an easily swappable battery for electric scooters and started commercializing its flagship BMS platform. UDYR’s battery management would allow it to enhance performance and increase battery life by up to 200 percent.

Electric vehicles are expensive, primarily because of the lithium-ion batteries that power them. The cost of a battery amounts to 40% of the total vehicle cost. While the upside of using lithium-ion batteries is their high energy density, relatively low self-discharge, and low maintenance, on the other hand, they have a limited life. On average, the estimated life of a lithium-ion battery is up to 3 years or 500-700 charge cycles, after which, they need to be replaced.

This helped them pivot to improve performance and extend the life of lithium-ion batteries that are used inside EVs and ESS with its flagship BMS. ION’s unique advantage is its intelligent ecosystem – BMS + Edison Analytics, that blends advanced electronics, machine learning software, artificial intelligence, and data science with deep domain expertise in energy storage.

ION Energy o-founder Akhil Aryan explains, “The key differentiator – our battery intelligence platform Edison Analytics, uses real-time simulations and visualizations designed to extend battery life by up to 40% and reduce the overall ownership cost, thus boosting ROI.

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Founders of ION Energy and team

ION Energy was founded by Akhil Aryan and Alexandre Collet in 2016.

ION Energy founders

Akhil Aryan – Akhil Aryan is the Co-Founder and CEO of ION Energy, one of the world’s most advanced battery management and intelligence platform. Akhil has been recognized as one of the Young Achievers of 2020 in the coveted ‘30 Under 30’ Forbes Asia (Industry, Manufacturing, and Energy), and Forbes India (Technology) list, and he has also been featured in Entrepreneur India’s ‘35 under 35’ list. Akhil’s objective is to identify missions and build an environment that helps unlock the full potential of his team.

One of the most unique things about Akhil is his versatility and ability to get on steep learning curves to understand markets and evaluate business opportunities. ION is a great example of how he converted his childhood fascination into a business, without an engineering degree. He graduated from the University of Mumbai with a degree in financial markets, but Akhil always says that his laptop is his gateway into the world’s largest repository of knowledge and degrees should not be held as assets that create entitlement.

In his last company – Haptik, one of the world’s largest conversational AI platforms – Akhil led the product team from the start, managed user acquisition and conversion, helping it skyrocket from 100k to 1.5 million users. In 2016, Haptik raised $12M and was on track to become one of India’s largest AI companies (acquired by Jio for $100M). Akhil was instrumental in building a complex Natural Language Processing engine to power the enterprise’s Machine Learning and Artificial Intelligence efforts from the ground up.

ION Energy Team

Alexandre Collet – Alexandre Collet is the Co-founder and CTO at ION Energy, a company that is dedicated to reducing carbon footprints and building sustainable cutting-edge technology for lithium-ion batteries with a focus on electric mobility. Alexandre is chiefly responsible for designing and streamlining the technological innovation and product development at ION. A highly proficient engineer, he completed his masters in Power Electronics and Embedded Systems from the University of Grenoble, France.

Alexandre had a plethora of professional experience before his current electric endeavor at ION energy. In 2011, he founded Freemens SAS, an industry leader in battery management systems, that was acquired by ION Energy in 2018. Freemens SAS was powered into existence on his groundbreaking inventions and scientific research in power electronics architecture, lithium-ion cell aging factors, and state identification at the University of Grenoble, France.

ION Energy Team

Inside the company, ION Energy’s CEO Akhil’s role goes beyond the usual responsibilities of product, technology development, and business expansion. As a big believer of first principle thinking, his focus is on turning the green warrior narrative into a business opportunity and exploring ways to reduce the planet’s dependence on fossil fuels.

ION Energy Co-founder Alexandre seeks to concentrate on the software side of things with an increased focus on developing and scaling Edison Analytics, the world’s first and finest AI-powered state of the art battery data analytics software for all Battery Management Systems. He wants to make ION a household name and the face of advanced battery management and operating systems to unleash an electrical revolution in the world.

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ION Energy – Name, Tagline, and Logo

While Akhil is known as a software entrepreneur, he have always been innately curious about the nature of electrons. It never ceases to fascinate him that adding or removing even a single electron changes the properties of the nucleus of the atom, and hence the overall object! Such altered atoms that have gained or lost electron(s) are called IONs. This is how IONs form the basis of energy itself. The overpowering nature of IONs led to the name of as ION Energy.

ION Energy Logo

“I strongly believe that building, maintaining and optimizing the Energy Ecosystem is the greatest opportunity of our generation. Not only from a financial unit economics point of view, but also environmental impact. As a founder I will ensure that ION Energy remains at the forefront of this movement”, says ION Energy Co-founder Akhil Aryan.

ION Energy – Business Model

ION’s full-stack approach blends advanced electronics, IoT, analytics, and AI with deep domain expertise in energy storage. ION’s platform leverages a two-way communication gateway that enables businesses to:
- Identify factors that are contributing to abnormal degradation of the battery’s health and the magnitude of contribution
- Take appropriate actions like configuration changes over the air, drive profile changes, or environment changes to continuously improve the life and performance of the battery.
- Optimize costs and acquire better ROI through all stages of the battery life cycle.
This is deeply integrated with a license to Edison Analytics, its battery intelligence platform that is offered as a SaaS product. With this core differentiator, ION is overturning the unexceptional rigid, one-time configuration approach adopted by other electronics suppliers.

ION Energy – Revenue Model

The company earns its revenue by following three business models:
- The first one is the BMS sale where a bunch of companies buy its battery management system.
- The second is the BMS platform license which means companies can use the platform to accelerate their BMS development by two-three years and save million dollars expenses.
- Thirdly, the subscription to the startup’s software analytics platform which the companies use for diagnostics and warranty validation.
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ION Energy – User Acquisition

Akhil Aryan – “Being a startup, we’ve always made it a point to be transparent with our customers. Our communication with our customers has built trust in our company and our platform. At ION, good news can always wait, but if anything goes wrong, we communicate at the earliest and work on correcting our mistakes.
At ION, it’s our mission to do whatever we can to make our customers successful. That’s why our first 10 customers are still our strongest customers today and brought many more clients to our company”.

ION Energy – Startup Challenges

It’s so difficult to capture all the challenges one faces in the early days of a startup. It’s almost always at the intersection of Market, Product, Team & Traction. For the team of ION Energy, the challenges were mostly around timing their product with market maturity and ensuring they’re investing both in product and customers that can help them create short term revenues but also those that have the long term potential for market penetration.

“Initially when we began operations, one of the biggest challenges we faced was grooming technical talent in-house. There weren’t many engineers who had expertise in the EV sector and the number of engineers who had knowledge in AI and analytics was low as well”, recalls ION Energy co-founder Alexandre Collet.

When a new market starts shaping up, the talent pool is not mature and so it’s difficult to make significant progress on technology unless there is senior leadership in-house grooming talent. Thus, the company had to train them from the ground up and provide knowledge as well within the sector.

This helped in creating the core team that today also helps train any new engineer that is hired by the firm. Founders hope that in the future, there will be more experts in the EV sector in particular with colleges like Savitribai Phule Pune University (SPPU), College of Engineering – Pune and the Cummins College of Engineering for Women and institutes like IITs beginning courses specifically to EVs.

Explaining the concept to investors at a time when there was low awareness of the need and the technology, inadequate infrastructure, lack of push for electric vehicle adoption and localization of technology by regulatory authorities in the country are some other challenges faced by the company.

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ION Energy – Growth

ION is India’s largest BMS company with 30%+ market share in the 2/3W space, 10 Crores in revenue and offices in India & France.

The company has customers like Exicom Tele-Systems Ltd., IBS, Tork Motors, Wamtechnik, Electro-Mechanique Industries (RGM), Swincar, TYVA Energie, and Yotta Solar.

ION Energy – Funding and Investors

The initial ION Energy funding came from Akhil (Co-Founder). There are also some seed investors that include Astarc Ventures, Advik hi-Tech and executives from Salesforce, Tesla, Haptik, Nippo Batteries, and Dentsu Aegis. The funds have helped ION Energy in product development and bring the technology closer to mass manufacturing.

The latest fund, as disclosed by ION Energy, is led by eCommerce behemoth, Amazon via the Climate Pledge Fund, worth $2 billion that the firm set aside to support sustainability initiatives of the startups around the world. Along with Amazon, the other companies that joined the round were YourNest Venture Capital, Riso Capitol, Venture Catalysts, and more, which helped ION Energy to raise around $3.6 million in its pre-Series A funding round.

ION Energy – Advisors and Mentors

ION Energy is a part of Shell’s E4 Programme and is mentored by Sushil Jiwarajka, Chairman of OMC Power and founder of Nippo Batteries.

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ION Energy – Acquisitions

ION Energy was founded in 2016, and within a year of its inception, ION Energy acquired an 8-year-old French Battery Management System (BMS) developer – Freemens SAS, in a first of its kind cross-border acquisition.

ION Energy – Recognition and Achievements

Akhil has been recognized as one of the Young Achievers of 2020 in the coveted ‘30 Under 30’ Forbes Asia (Industry, Manufacturing, and Energy), and Forbes India (Technology) list, and he has also been featured in Entrepreneur India’s ‘35 under 35’ list.

ION Energy – Future Plans

The next 5 years are going to be pivotal, not only for ION Energy but also for our planet and the human species. If the company manages to make the e-mobility transition holistically, it will go down in history as one of the largest positive recourse that humanity has made. The move away from fossil fuels will define the generations to come. ION Energy has a major role to play in this transition and they take this responsibility seriously.

Over the 5 year horizon, the company sees itself managing 10% of all Li-Ion batteries deployed in the country. To make this a reality, they will scale to 100 engineers by 2021 and leverage India’s strength in electronics and software to overcome the lack of lithium resources.

“We aim to Deliver to the Key Customers with 10x Reliability in – Product + Technology. In the next 18 months, we envision quadrupling the impact and delivering 10x by 2021 to 1GWh under management and $20M in revenue“, says Akhil while talking about future plans.

Frequently Asked Questions – FAQs

What is ION Energy revenue?

The ION Energy turnover is INR 10 crores.

Who is ION Energy CEO?

Akhil Aryan is the CEO of ION Energy.

Is ION Enegy Indian Company?

Yes, ION Energy is headquarted in Mumbai, India.
July 3, 2021
How Zomato is planning to make 100% Food deliveries on Electric Vehicles by 2030

Zomato is the one of the largest food delivery startups in India. It is a multinational company which was founded in the year 2008 having its headquarters in Gurgaon, Haryana. The startup’s service is available in almost 24 countries and more than 10,000 cities. Zomato has announced that they would adopt to Electric Vehicles by 2030. Let’s look at how the startup is planning to do 100% food delivery on Electric Vehicles.

Zomato – Latest News
What Deepinder Goyal said
Barriers Zomato will face in adopting 100% Electric Vehicles
Zomato’s strategy in adapting 100 electric vehicles delivery
Companies other than Zomato looking for transition to electric vehicles
FAQ

Zomato – Latest News

Zomato which is a Bangalore based food tech company has announced that they were planning to adopt to shift their food delivery service to Electric vehicles by the end of 2030. In the month of May, the company had announced its plans to provide funding towards environmental projects in order to reduce the emission of carbon into the atmosphere.

The company had also conveyed through a blog post that they would join the EV-100 which is a global initiative by the companies in order to shift towards Electric Vehicles.

What Deepinder Goyal said

The co-founder and the CEO of Zomato, Deepinder Goyal had conveyed through a blog post that the company was already making a number of deliveries using Electric Vehicles in the major cities which include Bangalore, Delhi, Mumbai, etc. and added that the company will try and fully adapt towards Electric Vehicles by 2030.

He further added that the current food delivery through Electric Vehicle is hardly a few compared to the active delivery partners and added that the company understands that it is hard to adapt to 100% EVs but it is considered to be a necessity in the long run.

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Barriers Zomato will Face in adapting 100% Electric Vehicles

In order to adapt to 100% Electric Vehicles there are a lot of barriers faced by the company. Currently, the adoption rate is very low for the company as well as the two-wheeler industry. There are a certain set of barriers that currently impact the two-wheeler industry in general which include lack of infrastructure which is the charging stations, limited battery range, higher cost, and lack of brand loyalty in the new technology.

Zomato’s strategy in adapting 100% electric vehicles delivery

Zomato has been working towards adapting to the Electric Vehicle and has been actively engaging with certain Electric Vehicle players. They have been trying to come up with certain personalized designs for the company and also have been working towards creating business models that would help in making the transitions towards the Electric Vehicle sector much more easier and faster.

In February 2021, the company had raised an amount of USD 250 million from its existing set of investors which include Tiger Global, Kora and Fidelity.

Zomato Revenue

Companies other than Zomato looking for transition to electric vehicles

Zomato is not the only company that is working towards adaption of the Electric Vehicles in their business operation. Flipkart which is owned by Walmart had also announced that the company is looking forward to deploying around 25,000 Electric Vehicles by 2030.

Flipkart has also joined the climate group’s initiative of EV100 and the transition is a part of its commitment towards to climate group to change the logistic fleet to Electric Vehicles. The e-commerce giant has already started using the 2-wheeler and 3 wheeler Electric Vehicles in the major cities that include Pune, Hyderabad, Kolkata, Delhi, Guwahati, etc.

Even Amazon has pledged towards the EV100 initiative and announced that they would introduce 10,000 Electric Vehicles for delivery and also introduce around 1 Lakh Electric Vehicles by 2030 as part of its commitment.

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Conclusion

Zomato is looking to make the company public and has been preparing for IPO which is considered to be one of the largest IPO. The company has also reported that they are doing well and said that their performance has crossed their expectations. Amidst the lockdown and restrictions laid down due to Covid 19 people are turning towards the online food delivery.

FAQ

What is the net worth of Zomato?

Zomato had a net income of US$350 million in 2020.

Who is owner of Zomato?

Deepinder Goyal is founder and CEO of Zomato.

What is the valuation of Zomato?

The valuation of Zomato is $5.4 billion dollars after the recent investment of $250 million by Tiger Global, Kora and others.

June 8, 2021
Why Tesla is getting into Restaurant Business?

Tesla which is an Electric Vehicle manufacturing company and that is involved in other businesses such as charging stations, solar roofs, power grids, etc. has now said to enter into the restaurant business. Let’s look at the reason why Tesla would be venturing into the restaurant business.

Tesla Restaurant – Latest News
Brand Logo and Trademarks for Tesla Restaurant
Reason Tesla is Entering Restaurant industry
Future plans of Tesla Restaurant
Strategy of Tesla Restaurant
FAQ

Tesla Restaurant – Latest News

Tesla under Elon Musk has recently filed a trademark under its brand in the restaurant industry. This is considered as a sign by the Californian company to venture into the restaurant business. The company has filed an application for three new trademarks with the US Patent and the Trademark office.

The application was filed on 27 May 2021 which has not yet been approved and will be reviewed during the month of August.

Brand Logo and Trademarks for Tesla Restaurant

For the food industry, the company has plans to use its T logo design with two other iterations of the stylish Tesla logo. The company has filed the trade marks for three different categories which cover the restaurant services, self-service restaurant services, pop-up restaurant services and take-out restaurant services.

Reason Tesla is Entering Restaurant industry

One of the major reasons for Tesla to enter into the restaurant industry would be because of their charging stations. It is to be noted that, charging their Electric Vehicle would take around 20-30 minutes and people would like to grab a cup of coffee, use the washroom or have something.

This can be a step towards filling that gap in the charging stations. However, during September 2017, the Chief technology officer of Tesla had announced that Tesla has plans to start a convenience store in their supercharging stations.

In the year 2019, Elon Musk had announced that he has plans to start a retro fast-food restaurant at one of Tesla’s supercharging stations in Los Angeles. Elon Musk had tweeted saying that he was going to put an old school drive-in, roller skates and rock restaurant at one of Tesla’s new supercharging stations.

Gonna put an old school drive-in, roller skates & rock restaurant at one of the new Tesla Supercharger locations in LA

— Elon Musk (@elonmusk) January 7, 2018

Tesla also have a supercharging station with only lounge in the Kettleman city, which is one of the busiest supercharging stations.

Tesla’s Supercharging Station in Kettleman City

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Future plans of Tesla Restaurant

The year before that Tesla had opened a couple of charging stations that provided snacks and beverages for the car owners who charged in the charging stations. In the same year, an executive of Tesla who spoke at the Foodservice tech conference said that the restaurant business would make sense for the company.

However, the executive had added that the company did not have any plans to start a restaurant on its own but would want to tie up with partners who are already in the industry.

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Strategy of Tesla Restaurant

The application for the trademark signifies that the company has a different strategy and looks like the company is looking forward to creating restaurants under the brand Tesla using the same logo. Recently Elon Musk had tweeted again that he would like to open a retro restaurant at the supercharger station.

He had tweeted saying that a new supercharging station is coming to Santa Monica in California and that he’s looking forward to having 50’s diners and a 100 best movie clips played. It is to be observed that in order to start a restaurant in Santa Monica California, Tesla had applied for permits during March 2018.

Major new Supercharger station coming to Santa Monica soon! Hoping to have 50’s diner & 100 best movie clips playing too. Thanks Santa Monica city!

— Elon Musk (@elonmusk) April 2, 2021

Conclusion

Tesla has more than 25,000 supercharging stations around the world. However, the Tesla restaurant concept would attract a lot of attention and is expected to have a significant number of audiences. The company has a wide network and has sold a half a million cars in the year 2020.

FAQ

Why tesla is planning to get into restaurant business?

The reason Tesla might enter into the restaurant business is because of their charging stations, as charging their Electric Vehicle would take around 20-30 minutes and people would like to grab a cup of coffee, use the washroom or have something.

How many superchargers does tesla have?

Tesla has more than 25,000 supercharging stations around the world.

What type of restaurant is tesla planning?

Tesla has filed trademarks for categories of restaurant services, pop-up services, self-service restaurant services, take-out restaurant services.

June 4, 2021
Xiaomi to soon enter Electric Vehicle Market with $10b Investment

The Chinese Smartphone company Xiaomi is reportedly planning to enter into the Electric Vehicle platform. The company which is involved in manufacturing consumer electronics is planning to invest into the Electric Vehicle Industry. Let’s look at this article to understand the plans of Xiaomi about its EV industry.

Xiaomi
Xiaomi planning to enter Electric Vehicle market
Xiaomi’s EV Investments
China’s Electric Vehicle market
Other Players in Electric vehicle market
FAQ

Xiaomi

Xiaomi is a Chinese Multinational company which is headquartered in Beijing. The company was founded in the year 2010. Xiaomi makes and invests in smartphones, laptops, mobile apps, home appliances, bags, shoes, consumer electronics, accessories, and IoT devices.

Xiaomi is the fourth company to develop a mobile system on chip (SoC) capabilities after Apple, Samsung, and Huawei. Xiaomi is the fourth largest mobile manufacturing company in the world. The company has a leading position in the largest market which is China and the second largest market which is India.

Xiaomi planning to enter Electric Vehicle market

Xiaomi has plans to be part of the Electric Vehicle market. Xiaomi has confirmed its intention to invest $10 billion in its own subsidiary firm which is completely owned by Xiaomi. They had confirmed their intentions at the Mi MIX Fold Global Launch Event.

The initial investments according to the confirmation stand at CNY 10 billion. The founder and CEO Lei Jun is expected to lead the Electric Car project of the company for the time being. Xiaomi has not revealed any information about the products they plan to introduce or work on in the Electric Vehicle segment of the company.

There are no announcements regarding their projects and no information about the company’s launch plans. Xiaomi has said that they want to work on providing quality electric vehicles which would let everyone in the world to enjoy smart living anytime and anywhere.

Top selling light duty plug-in Electric vehicle global market

Xiaomi’s EV Investments

According to the report by Chinese media LatePost Xiaomi’s entry into the EV market to manufacture Electric cars was taken after considering it for years. They have also said that the company’s plans are just in the early stages and it might change in the future as well.

The report has also said that in the year 2018 Xiaomi had launched an early project in the electric vehicle segment called Mi car to explore the electric car making industry. It is said that the CEO of Xiaomi Lei Jun had visited Elon Musk who is the CEO of Tesla in 2013 twice.

Xiaomi has also made a mark in the Chinese Electric Vehicle segment by investing in Xpeng motors which delivered around 27,041 vehicles in the year 2020. They have also invested in NIO which is also a Chinese homegrown Electric Vehicle maker.

China’s Electric Vehicle market

China’s Electric Vehicle market has seen a significant growth in the recent years. It has attracted a lot of high-profile companies ranging from traditional automobile companies to internet companies.

According to a research by the China Association of Automobile Manufacturers, In the year 2020, the country saw an increase in the sales of EV which accounted for 1.37 million. There is an increase in the sales of up to 11% year-on-year.

China based automaker Greely auto has said that it is planning to focus more on to the Electric Vehicle segment. The founder and Chairman of the company Li Shufu have announced that the company has plans to shift 90 percent of its production to hybrid Electric vehicles and is also planning to set up a new factory for New Energy Vehicles.

The growth of the Chinese Electric Vehicle market has come after the multiple policy campaigns which are to promote carbon reduction which includes the plans to reach carbon neutrality by 2060.

Other Players in Electric vehicle market

Earlier, Huawei had announced its plans to enter into the manufacturing of Electric Vehicles. There were several speculations through various news reports which had suggested that the company had approached China’s Changan Automobile, BluePark New Energy Technology, and other players in the industry. Huawei has plans to concentrate on developing smart bits and to let the car manufacturers provide car parts.

From the western world, there has been a lot of rumors of Apple entering into the Electric Vehicle segment. It is said that the iPhone manufacturer is working on an electric vehicle of its own. The company is focusing on building the autonomous tech, battery, and the technical parts of the car and would require another partner from the automobile sector to work on the rest of the parts of the car.

FAQ

Which is the cheapest electric car?

Smart EQ Fortwo EV is one the cheapest electric car.

What are the 3 types of electric cars?

Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Hybrid Electric Vehicles (HEVs) are the 3 types of electric cars.

Who is the CEO of Xiaomi?

Lei Jun is the current CEO of Xiaomi.

Conclusion

Compared to Apple and Huawei, Mi has still not announced any of its plans for its products or the launch. We will have to wait for any more news regarding the Chinese smartphone manufacturer’s entry into the Electric Vehicle Segment.

April 2, 2021
Things You Need to know Before Buying Tesla in India

Tesla Inc. is a US based Electric Vehicle manufacturing and clean energy company which is located in California. The company was founded in the year 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning. It is named after Nikola Tesla who was an inventor and an electrical engineer. Elon Musk is the CEO of the company since 2008.

The main aim of the company is to increase and improve sustainable transport and energy. Tesla has entered India and has registered its company in January. Their manufacturing unit is located in Bangalore, Karnataka.

Tesla has appointed David Jon Feinstein who is a Global senior director of Tesla, Vaibhav Taneja who is a Chief accounting officer, and Venkatarangam Sreeram who is an entrepreneur as the directors of the Indian subsidiary.

Buying Tesla in India has been a hard task with just a few people in the country owning it. Mukesh Ambani who owns a Tesla Model S, Riteish Deshmuk who owns a Tesla Model X, and Prashant Ruia who owns Tesla model X.

Current Price
Expected Price
Electric Charging Stations
FAQ

Current Price

When Tesla announced model 3 in 2016 to the world, they had considered India and started accepting reservations from the country. Vishal Gondal and many others had registered it from India. They paid an amount of $1,000 for the registration.

Back then India’s import duty was high that is up to 100% import duty for any car costing above INR 27 lakh and any car which cost lesser had an import duty of 60%.

The cheapest model of Tesla is Tesla Model 3 which would cost around INR25 lakhs in the global market. In India, there would be an additional 60% import duty on the vehicle. This will make the car costlier and unaffordable in India.

However, later it was found that having a plant in India and importing around 15% would help in reducing the price. The government also reduced the GST on Electric Vehicles from 12% to 5% and on charges which were 18% reducing it to the rate of 5%.

Elon Musk the CEO of Tesla said that the current changes in the sales tax give them hope for the changes in the future. This led to the registration of the company Tesla in India.

Best-selling electric vehicle models worldwide in 2020

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Expected Price

Tesla Model 3

Tesla Model 3 is believed to be launched by June 2021 with an ex-showroom price of INR 60 Lakhs. In India, it is expected to be launched in two variants namely Standard Plus and Long Range. Standard Plus would have a range of up to 423 km on a single charge. Long range would have a range of 568 km on a single charge.

Tesla Model S

Tesla Model S is a sedan that is believed to be launched in India by the end of July 2021. The ex-showroom price of this sedan model would be around INR 1.50 Crores. It is expected to have three different variants namely long range, plaid, and plaid+.

Long range would have a range of up to 660 km on a single charge and it comes with a dual-motor setup. Plaid would have a range of 627 km with a tri-motor setup and plaid+ will also have a tri-motor setup with a range of 837 km in a single charge.

Tesla Model X

Tesla Model X will be an SUV, it is expected to be launched in India by January 2022. The ex-showroom price of this SUV model would be around INR 2.00 Crores. It has 5 seating, 6 seating, and 7 seating models. It is expected to have two variants namely long range and plaid.

Long range would have a range of up to 579 km in a single charge and it comes with a dual-motor setup. Plaid would come with a tri-motor setup and have a range of up to 547 km in a single charge.

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Electric Charging Stations

In the United States of America in the year 2020, out of all the vehicles sold only 1.3% were Electric Vehicles, and out of that 1.3%, 90% were Tesla models. The key reason for such demand for vehicles is their electric charging stations.

Tesla’s electric charging stations provide fast charging facilities and that is the unique selling point of Tesla vehicles. While other Electric Vehicles may take hours to charge, Tesla provides its charging station which provides fast charging facilities.

Tesla may come up with the fast-charging stations in India as well. India can expect it in the coming years after the launch of their different vehicle models. The government has plans to install one e-charging point in 69,000 petrol pumps.

There is an increase in air pollution and fuel prices are rising in the country. Hence there is a need for the government as well as the consumers to shift to Electric Vehicles. This act as an advantage for Tesla in India.

FAQ

Who is the Founder of Tesla?

Tesla was founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning.

Who was the first CEO of Tesla?

Martin Forest Eberhard was the first CEO of Tesla till 2008.

What companies has Tesla bought?

Tesla owns SolarCity Corp, Maxwell Technologies Inc, Grohmann Engineering, Perbix Machine Co. Inc. and Hibar Systems Ltd.

Conclusion

Tesla has a wide range of products. Tesla is not just a car manufacturing company. They provide different products which include Powerwall which helps to store solar energy and energy from renewable resources, solar panels, and solar roof tiles which can be used instead of a normal roof. Solar roof tiles help in generating solar energy.

March 6, 2021