oorja announced that it has raised $1.5 million in seed funding. The funding round was led by Micelio Fund, the first venture capital fund in India dedicated exclusively to enabling radical and sustainable innovation in the clean mobility ecosystem and co-led by Capital-A. Java Capital, Anicut Capital and Lead Angels also participated in the funding round. oorja will utilise the[Read More…]
Musashi Auto Parts India Pvt Ltd (Musashi) has entered into a joint venture with Delta Electronics, Inc. (Delta) and Toyota Tsusho Corporation (Toyota Tsusho) to sell EV drive units for two-wheeled vehicles in India. Under this JV, Musashi and Delta will jointly develop the EV drive unit and Toyota Tsusho will handle the distribution through its global logistics network. Musashi[Read More…]
Informa Markets in India is all set to unveil the inaugural edition of The Battery Show India (TBSI), an event poised to redefine the landscape of advanced battery manufacturing within the country. Born from the success stories of The Battery Show in the USA and Europe, the long-awaited debut of the Indian chapter is poised to become the annual go-to[Read More…]
Continental delivered V-shaped displays to equip vehicle manufacturer Hyundai. The technology company’s state-of-the-art display solution will now be part of the new Hyundai Kona series, which is on the market since 2023. The display offers a two-in-one solution as it combines the two screens of the instrument cluster and center information display under one glass surface. Additionally, the new Hyundai[Read More…]
Continental has opened its own training center for employees in Gifhorn. It is the 13th training location the company has set up across Germany since launching its CITT training institute (Continental Institute for Technology and Transformation) in 2019. The opening ceremony on September 25, 2023, was attended, among others, by labor minister Hubertus Heil and the Second Chairperson of IG[Read More…]
Cars have evolved into an expression of identity and passion over time, becoming synonymous with style and status. That is why car owners take great care to keep their vehicles in pristine condition. However, with limited knowledge, they tend to choose sub-standard products, including wheels, that seemingly add to the personality of their cars but compromise their safety. The aftermarket[Read More…]
Bridgestone India’s plant at Chakan in Pune district has been verified as being carbon neutral for the year 2022. LRQA conducted an audit in the months of May-June 2023 and post the audit the Pune plant stands verified as carbon neutral for 2022, according to the international PAS 2060 standard[1] by leading global assurance partner, LRQA. The certification marks an important milestone[Read More…]
The Union Cabinet, chaired by the Prime Minister approved the Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS). The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40 per cent of the capital cost as budgetary support in the form of Viability[Read More…]
EV Charger manufacturer Servotech Power Systems Ltd. signed an MoU with the Government of Uttar Pradesh to set up an EV Charger manufacturing plant in the state along with backward integration. The plant will be set up under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022. The MoU was signed by Raman Bhatia, Managing Director, Servotech Power Systems[Read More…]
Assurance Intl Limited, under the official licensing collaboration with the Goodyear Tire & Rubber Company, has unveiled its new range of filters and batteries that will be manufactured, marketed, sourced and distributed in India as well as in South Asia, Southeast Asia, Australia and New Zealand markets. The product line will cater to the needs of multiple vehicles. Incorporating state-of-the-art[Read More…]
