Mahindra to make an additional investment of over Rs. 500 crore for Electric Vehicles and Electric Vehicle Components in Chakan as part of expansion efforts

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Mumbai, February 19, 2018: Mahindra & Mahindra Ltd (M&M Ltd), a part of the US $19 billion Mahindra Group, announced in the presence of the Government of Maharashtra, that it would make an additional investment at its Chakan plant in Maharashtra. As part of its expansion plans, the company will invest over Rs. 500 crores in its Electric Vehicle (EV) Project under the new EV Policy of the Government of Maharashtra.

The investment for EV and EV Components is in addition to its ongoing expansion plan in Chakan which includes an initial investment of Rs. 6,500 crores. This additional investment of Rs. 500 crores will be utilized towards product development and capacity enhancement for electric vehicles and related components.

The MoU was signed by Shri Sunil Porwal, Additional Principal Secretary (Industries), Government of Maharashtra and Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. in the presence of Shri Devendra Fadnavis, Hon’ble Chief Minister, Government of Maharashtra and other dignitaries present at the Magnetic Maharashtra Conference currently underway in Mumbai.

Speaking on the occasion, Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. said, “We are delighted to announce the next phase of our Electric Vehicles expansion plan at Chakan and would like to thank the Government of Maharashtra for its new EV Policy which is a proactive step in electric mobility. The implementation of projects under this EV Policy will certainly make the state a leader in manufacturing of EV and EV components, promoting greater use of these vehicles. We have no doubt that the state will attract large EV related investments and emerge as a front runner in the EV race.”

Dr. Goenka further added, “The Mahindra Group along with Mahindra Electric Mobility Limited (MEML) is at the forefront of promoting electric mobility which could result in a paradigm shift in the passenger commuting segment, considerably mitigating air pollution. I am sure that with this expansion, the Mahindra Group will continue to play an integral part in the development of not only the region of Chakan but the state of Maharashtra, as well as the Indian auto industry, in time to come. We would like to showcase for the whole country the viability and benefits of EV through our EV Project. This is the next step towards the journey of achieving Mahindra’s vision of the “Future of Mobility” and encompasses the “5C” framework of Clean, Convenient, Connected, Clever and Cost effective. We are thankful to the Government of Maharashtra for their continuous and unstinted support.”

About Mahindra

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

Source

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Sales of Renault-Nissan-Mitsubishi alliance in 2017

Renault Nissan Mitsubishi

  • Combined sales by Renault, Nissan and Mitsubishi Motors rise 6.5% to 10,608,366 units in 2017 one in nine passenger cars and light commercial vehicles sold worldwide
  • Zero-emission leadership maintained with cumulative sales of 540,623 electric vehicles since 2010

PARIS/YOKOHAMA/TOKYO – Renault-Nissan-Mitsubishi, the world’s leading automotive Alliance, today announced that its member companies sold a combined total of 10,608,366 units in the 12 months to December 31, 2017.

Growing demand for SUVs, light commercial vehicles and a rising number of zero-emission pure electric vehicles helped lift unit sales by 6.5 percent in 2017, the first full-year of Mitsubishi Motors’ membership of the Alliance.

Carlos Ghosn, chairman and chief executive officer of Renault-Nissan-Mitsubishi, said:
“With more than 10.6 million passenger cars and light commercial vehicles sold in 2017, Renault-Nissan-Mitsubishi has become the number-one automotive group worldwide. This evolution reflects the breadth and depth of our model range, our global market presence and the customer appeal of our vehicle technologies.”

In 2017, the Alliance member companies sold vehicles in nearly 200 countries under ten brands (Renault, Nissan, Mitsubishi Motors, Dacia, Renault Samsung Motors, Alpine, Lada, Infiniti, Venucia and Datsun).

Groupe Renault’s sales were up 8.5 percent to 3,761,634 units in 2017. It was a record year for Renault, the world’s leading French brand and number-two brand in Europe, and also for Dacia. Renault is seeking continued growth in 2018, buoyed by the development of its international activities and its renewed range, in line with its Drive The Future plan.

Nissan Motor Co. Ltd. sold 5,816,278 vehicles worldwide, up 4.6 percent, and shared details of Nissan M.O.V.E. to 2022, the company’s six-year strategic plan.
In the USA and China in 2017, the company achieved sales growth of 1.9 percent and 12.2 percent respectively. Infiniti sold 246,492 vehicles in 2017, an increase of 7 percent from the previous year.

Mitsubishi Motors Corporation sold 1,030,454 vehicles in 2017, up 10 percent from 2016. The increase in volume was led by China, a key market for Mitsubishi Motors’ Drive For Growth plan. Annual sales rose by 56 percent, to 129,160 units. China became Mitsubishi Motors’ largest market thanks to strong demand for the locally produced Outlander. Performance in the ASEAN region was also strong with an increase of 17 percent to 242,224 units, thanks to the launch of XPANDER – a compact multi-purpose vehicle – in Indonesia. In Japan, sales increased by 7 percent as the marketing of kei-cars resumed.

Sustained leadership in electric vehicles

Since 2010, when the Nissan LEAF was first introduced, Renault-Nissan-Mitsubishi has sold 540,623 electric vehicles worldwide through its different brands. Cumulatively, the Alliance continues as the global leader for 100% electric passenger cars and light commercial electric vehicles.

The Nissan LEAF, the first mainstream, mass-marketed electric vehicle, remains the world’s best-selling EV with more than 300,000 vehicles sold since its launch in December 2010.

During 2017, the new Nissan LEAF was unveiled and offers customers greater range, advanced technologies and a dynamic new design. It went on sale in Japan last year, and will be rolled out in other major markets during 2018. The new Nissan LEAF received over 40,000 orders globally including 13,000 orders in Japan; 13,000 reservations in the United States; and over 12,000 orders in Europe.

In addition to the LEAF, Nissan’s e-NV200, a light commercial vehicle sold mainly in Europe and Japan, has also recently been upgraded with an additional 100km of driving range in Europe.

In 2017 Renault remained, for the third consecutive year, the leader in Europe’s electric-vehicle segment with a market share of 23.8 percent and sales volumes increased by 38 percent. Renault ZOE was the best-selling EV in Europe, with sales increase by 44 percent.

Since 2011, Renault has sold more than 150,000 electric vehicles worldwide, including Renault ZOE, Renault Kangoo Z.E., Fluence Z.E. and Renault Samsung Motors SM3 Z.E.

In 2017, Renault unveiled Master Z.E. thus announcing a range of zero-emission light commercial vehicles unique in the world (Twizy Cargo, company-car version of ZOE, Kangoo Z.E. and Master Z.E.).

In 2017, Renault-Nissan-Mitsubishi sold 91,000 EVs, up more than 11 percent from 2016.

Alliance 2022 strategic plan

As part of Alliance 2022 strategic plan, Renault-Nissan-Mitsubishi is forecasting that annual synergies will exceed €10 billion by the end of 2022. In addition, 12 new zero-emission electric vehicles and 40 vehicles with autonomous drive technology will be launched.

The introduction of new models and new technologies should lift the combined annual sales of Renault-Nissan-Mitsubishi to more than 14 million units, generating revenues expected at $240 billion by the end of 2022.

Top 10 Alliance Markets

Country Total Sales Market Share
China 1,719,815 6.2%
U.S.A. 1,697,149 9.8%
France 759,598 29.8%
Japan 689,650 13.2%
Russia 578,082 36.1%
Mexico 412,029 27.0%
Germany 349,376 9.4%
United Kingdom 309,172 10.6%
Italy 293,362 13.6%
Brazil 267,835 12.3%

Top 10 Groupe Renault Markets

Country Total Sales*
France 673,852
Russia 448,270
Germany 228,046
Italy 215,901
Spain 185,760
Turkey 178,646
Brazil 167,147
Iran 162,079
United Kingdom 115,262
Argentina 115,243

*2017 full year (sales) excl Twizy

Top 10 Nissan Markets

Country Total Sales
U.S.A. 1,593,464
China* 1,519,714
Japan 590,905
Mexico 366,544
U.K. 167,379
Canada 146,677
Russia** 107,168
France 81,293
Brazil 78,823
Germany 76,133

*Including Venucia brand ** Including Kazakhstan

Top 10 Mitsubishi Motors Markets

Country Total Sales
China 129,160
U.S.A 103,685
Japan 91,630
Australia 80,674
Indonesia 79,885
Philippines 71,097
Thailand 69,737
Germany 45,197
U.K 26,531
U.A.E 24,497

Source Nissan Newsroom

Tata Motors rolls out first batch of Tigor EV from Sanand Plant

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In the image, Mr. Ratan N Tata, Chairman Emeritus, Tata Group and Mr. N Chandrasekaran, Chairman, Tata Sons and Tata Motors flagging off the first batch of TIGOR EVs from the Sanand plant.

Tata Motors today rolled out the first batch of the Tigor Electric Vehicle (EV) at the hands of N Chandrasekaran, Chairman, Tata Sons and Tata Motors, from its Sanand facility in Gujarat. Present on this momentous occasion were Ratan N Tata, Chairman Emeritus, Tata Group, Guenter Butschek, CEO & MD, Tata Motors and members of the Tata Motors Executive Committee. The Tigor EVs are being manufactured for the Indian Government’s prestigious order of electric vehicles from the Energy Efficiency Services Ltd (EESL), an entity under the Ministry of Power.

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Flagging off the batch of electric vehicles, Mr. N Chandrasekaran, Chairman, Tata group said, “This occasion is a significant milestone for Tata Motors and a proud moment for the entire team. As we work together to build the future of e-mobility in India, I am confident that our customers will respond very favourably to this electric model. I congratulate the entire Tata Motors team for this commendable achievement and wish them the very best as they go forward on this journey.”

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Mr. Guenter Butschek, CEO & MD, Tata Motors accompanied by senior leadership team, drives off the first TIGOR EV post the ceremonial flag off at the Sanand plant today

According to Mr. Guenter Butschek, CEO & MD, Tata Motors, “It is indeed a momentous occasion for us as we have shown an exemplary teamwork spirit to overcome all challenges in delivering this project. I also recognize the invaluable contribution made by Electra EV as part of this team. With Tigor EV, we have begun our journey in boosting e-mobility and offering a full range of electric vehicles to the Indian customers. This tender has effectively paved way for connecting our aspirations in the e-mobility space with the vision of the Government.”

Tata Motors had qualified as L1 bidder in the midst of stiff competition and won the tender of 10,000 electric cars floated by EESL in September 2017. For phase 1, Tata Motors is required to deliver 250 Tigor EVs, for which it has received a LoA. For an additional 100 cars, the LoA is expected to be issued shortly by EESL. The electric drive systems for this prestigious order have been developed and supplied by Electra EV – a company established to develop and supply electric drive systems for the automotive sector.

Tata Motors is committed to the Government’s vision for electric vehicles by 2030 and will work in a collaborative manner to facilitate faster adoption of electric vehicles and to build a sustainable future for India.

Via Tata Motors Press Release

Queensland Govt launches Queensland Electric Super Highway to encourage EV adoption across the state

Queensland Super Electric Highway
Image Source

Thursday, July 27, 2017 – Environment Minister and Acting Main Roads Minister Steven Miles officially kick-started the EV revolution in the State with the launch of the Queensland Electric Super Highway – the world’s longest in one State.

Mr Miles said the super highway will be a series of fast-charging electric vehicle stations which will be rolled out at locations right up the Queensland coast from the Gold Coast to Cairns to encourage the uptake of electric vehicles in Queensland.

“This project is ambitious, but we want as many people as possible on board the electric vehicle revolution, as part of our transition to a low emissions future,” Mr Miles said.

“Today I’m announcing the first 18 towns and cities that make up phase one of the Electric Super Highway and will, once operational in the next six months, make it possible to drive an electric vehicle from the state’s southern border to the Far North.

“They will be available for use at no cost for the initial phase of the super highway so we can encourage as many people as possible to start using them.”

Mr Miles said what made the announcement even more exciting was the fact that the energy supplied in the fast-charging stations would be green energy purchased through green energy credits or offsets.

“EVs can provide not only a reduced fuel cost for Queenslanders, but an environmentally-friendly transport option, particularly when charged from renewable energy,” he said.

“The Queensland Electric Super Highway has the potential to revolutionise the way we travel around Queensland in the future.”

Mr Miles said electric vehicle ownership rates around the world were increasing, largely due to significant advances in battery technology and continued cost reductions in EVs.

“The most recent Queensland Household Energy Survey showed that 50% of Queenslanders will consider an electric vehicle, plug-in hybrid or regenerative braking hybrid, when purchasing a new car in the next two years and that majority said improvements to public fast-charging infrastructure would further tempt them into purchasing an EV,” he said.

Behyad Jafari, Electric Vehicle Council CEO said the Queensland Government was to be commended for its national leadership in support of the electric vehicle industry.

“This initial support from government serves as a signal to the market that Queensland is serious about electric vehicles and provides certainty to unlock investment to grow our economy and create new, high skilled jobs,” he said.

“I encourage all governments across Australia to follow suit, particularly as this support will help to provide motorists with increased choice of cars that are cheaper and healthier to operate.”

“The future truly is electric,” Minister Miles said.

The 18 fast-charging station locations
Cairns, Tully, Townsville, Bowen, Mackay, Carmila, Marlborough, Rockhampton, Miriam Vale, Childers, Maryborough, Cooroy, Brisbane, Helensvale, Coolangatta, Springfield, Gatton and Toowoomba.

Auto industry responses:

Audi Australia: Paul Sansom, Managing Director
“Fast-charging infrastructure is of paramount importance to the future success of Electric Vehicles in Australia.”

“By 2020, Audi will have three fully electric vehicles available to the Australian market, and we want to bring this leading-edge technology to our consumers as part of an ownership proposition that gives them confidence in its suitability to our national road network.

“With the vast distances in between our capital cities, consumers need to have confidence that they will be able to find a charging station when they need it, even if they’re driving in an unfamiliar region. This is the current expectation around frequency of petrol stations, and it’s – rightly – what consumers will demand as EVs become more prevalent.

“The Queensland Government should be applauded for their show of leadership, and we look forward to similar initiatives from other states and territories.”

BMW Group Australia: Marc Werner, Chief Executive Officer
“The BMW Group is a global leader in innovative personal mobility and we currently offer seven pure electric or plug-in hybrid vehicles in the Australian market.  We have the product and the customers – now all we need is the infrastructure.”

“And that’s why it is so heartening to see the Queensland Government showing such strong leadership with strategic policy direction and action on infrastructure.  This progressive initiative sets the benchmark for other Australian governments to follow.”

Hyundai Motor Company Australia: Scott Grant, Chief Operating Officer
“Hyundai Motor Company Australia (HMCA) is proud to support the Qld Government in its zero emission initiatives and the rollout of an Electric Super Highway network. We look forward to the other states following Queensland’s lead in developing infrastructure to support low and zero emission vehicles in Australia.

As one of the global automotive leaders in green vehicle technology, Hyundai Motor will continue to work with the Queensland Government to move towards a sustainable transport future.”

Jaguar Land Rover: Matthew Wiesner, Managing Director
“We are shaping the future at JLR. Up to half of Jaguar Land Rover’s line-up will be plug-in hybrids or electric vehicles by 2020.”

“JLR Australia applauds the Queensland government’s plans for its support of the electric vehicle industry, and in particular their plans for the Electric Super Highway and the planned roll-out of the Type 2 DC charger network, and we would encourage other states and territories to follow in the same direction.”

“Further incentives and rebates are required to expedite the take-up of electric vehicles by Australian consumers, and we encourage all governments to look at reducing Stamp Duty, Registration and Luxury Car Tax on electric and hybrid vehicles as this support will help to provide motorists with increased choice of cars that are cheaper and healthier to operate.”

Mercedes-Benz: David McCarthy, Senior Manager Public Relations
“A prime objective of Mercedes-Benz is emission free driving. We already have produced Hydrogen Fuel Cell vehicles for consumers and these will be added to in the near future. We currently have introduced a range of PHEV’s and we will follow these with a range of pure EV’s in Australia in 2019. We have invested in our own unique design solar charging station with battery capture at our Melbourne Head Office that powers our Company fleet of PHEVs.”

Mitsubishi Motors Australia: John Signoriello, Chief Executive Officer
“We are very pleased with the Queensland Government’s proactive approach with their investment in the EV Superhighway. This is very positive step forward and has the potential to shift the way consumers view electric vehicles in Australia and reduce any reluctance to adopting electric vehicle technology.”

Via QLD Govt Media Statement and EVC

Hitachi Automotive Systems and Honda Motor establish Joint Venture for electric vehicle motors

Hitachi Automotive Sytems
Image Source : Link

Tokyo, July 3, 2017 — Hitachi Automotive Systems, Ltd. and Honda Motor Co., Ltd. today announced the establishment of a joint venture company for the development, manufacture and sales of motors for electric vehicles on the premises of Hitachi Automotive Systems in Hitachinaka-shi, Ibaraki Prefecture.

As announced on February 7, 2017, the two companies have conducted discussions based on a Memorandum of Understanding signed on February 3, and entered into a joint venture agreement on March 24 to make more tangible preparations to establish the new company. The newly established company will receive a financial grant from Ibaraki Prefecture as it has been recognized as a relevant project that “promotes the establishment of corporate head office functions” within the prefecture.

Name of company Hitachi Automotive Electric Motor Systems, Ltd.
Location 2520 Takaba, Hitachinaka-shi, Ibaraki Prefecture
Representative Noboru Yamaguchi, President
Business Development, manufacture and sales of motors for electric vehicles
Contribution 5 billion yen (capital: 2.5 billion yen, capital reserve: 2.5 billion yen)
Date of establishment July 3, 2017
Investment ratio Hitachi Automotive Systems, Ltd. 51%
Honda Motor Co., Ltd. 49%

The new company will respond to the growing global demand from automakers for electric vehicle motors by developing competitive motors that combine the expertise of the two companies.

About Hitachi Automotive Systems

Hitachi Automotive Systems, Ltd. is a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan. The company is engaged in the development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, and offers a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems. For more information, please visit the company’s website at http://www.hitachi-automotive.co.jp/en/.

About Honda Motor Co.

Honda Motor Co. (NYSE: HMC) Honda designs, manufactures and markets automobiles, motorcycles, power products and aviation products worldwide. A global leader in powertrain and electromotive technologies, Honda produces nearly 28 million engines annually for its three product lines. Honda and its partners build products in more than 60 manufacturing plants in 27 countries, employing more than 208,000 associates globally.

Via: Hitachi


*Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice


 

India’s first 100% electric vehicle fleet cab service: Lithium Urban Technologies

Lithium Urban Technologies calls itself the company which delivers tomorrow’s transport transportation today(their tagline “TOMORROW’S TRANSPORTATION. TODAY.) and that might sound like an audacious claim from an Indian cab service provider that too from a startup. But that is true, it is the only company in India to have 100% electric fleet, it is the first zero emission transport service provider of India.

Lithium Urban Technologies Pvt Ltd is founded in October 2014 by Sanjay Krishan in Bengaluru. The company initially started off with 10 Mahindra e2o’s  and now they have a fleet of 200 plus electric vehicles and several hundred more are in pipeline. They started their operations initially in Bengaluru and now they are planning to enter North Central Region(NCR) of India. Despite many oddities the company is successfully marching ahead into new regions and new segments.

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Lithium Urban Technologies Co-Founder Sanjay Akhileswaran Krishnan. Image source: link

Why Electric Vehicles? Simple, the founders are feeling responsible for the the environment and are daring enough to do something good.

Is it Commercially Viable? Looking at the oddities the answer must be a big no, but the company is proving that it is possible to strike balance between commercial viability and environmental friendliness.In general, addressing one negates the other and growing while balancing both(profitability & environmental friendliness) is a commendable job.

What are the oddities before the company? 

  • Lack of Charging Infrastructure: Charging stations to electric vehicles are like petrol bunks to IC engine cars. In America there are very few charging stations compared to the number of gas stations, let alone India the number is minuscule.
  • Lack of uninterrupted power supply: If somehow the company manages to find or establish charging stations, then there is this problem of getting 24*7 power supply let alone quality supply. Getting quality power without interruptions throughout the year throughout the country is a tough ask in India.
  • Lack of Proper Electric Vehicles: The only electric vehicle available for purchase in India is Mahindra e2o(at the time founding Lithium Urban) which in many aspects is inferior to its conventional counterparts. Aspects like cramped interiors, rear seats access and range per charge are a few to say.
  • Battery Life and Replacement Costs: Battery pack to electric vehicles is like a fuel tank to IC engine cars. Let me use an analogy to help you understand the problems associated with battery packs. Imagine if your car’s fuel tank decreases in size over time & it cannot hold same amount of fuel as it does in the initial days and also it cannot take fuel at higher inflow rates so you have to slowly pump the fuel or it will spill off. And you have replace the fuel tank a couple of times before you replace the car itself. That is how it is with Electric Cars & Battery Packs. Though this a problem now, in the future this might not be a problem as the batteries are constantly improving and also battery costs are constantly falling.
  • Establishment Costs: Apart from the real estate costs,telemetry platform costs and other costs, the major capital requirement for any cab service provider is capital to purchase the fleet. In case of electric vehicle fleet the cost is multiple times higher than that of the conventional fleet. Mahindra e20 base variant on-road price in Bengaluru is INR 7.10 lakh and Tata Nano base variant on-road price in Bengaluru is INR 2.32 lakh. (*According to Cardekho and Tata Motors websites respectively ** Mahindra e20 is now discontinued and replaced with Mahindra e20 Plus)
  • And many more challenges like customer perception towards electric vehicles, safety(possibility of battery explosions),…etc are to be addressed by the company.

Lithium Urban Technologies despite all these challenges is managing to succeed and move forward. And apart from these inherent challenges associated with electric vehicles there are challenges like competition from established players and biggies national & international like Ola and Uber etc.

How the company is overcoming all these difficulties and progressing? The answer is simple, to start with, they chose a sub segment which they can serve despite their limitations. And as the numbers rise they will explore new segments and new geographies.

litihium_urban_technologies
Lithium Urban’s website’s landing page

What is the segment and city that they chose to start their operations? The segment is Corporate Employees Transport and the city is Bengaluru/Bangalore. The company found out that catering to corporate customers can solve many of their hurdles at once. Well, but why & how choosing corporates as their clients can help them. And what is the business model adopted.

  • Lithium is counting on the corporate companies to recharge their cars as the companies will already have the required infrastructure to supply uninterrupted & quality power. Lithium establishes a charging station at the premises of a company that signs up with them for their transportation services.

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    Lithium’s charging station at a company’s premises
  • The corporates have to pay Lithium on per-car-per-month basis irrespective of the miles driven. And the companies(clients) have to bear the electricity bills.
  • As the routes are fixed, timings are known and passengers are known, predictability is more and the complexities involved are less compared to that of their counterparts.
  • Coming to financial hurdles, apart from the founding members own investments, Lithium got backing from Robin Chase and Ramachandran. Ramachandran is chairman at InKlude Labs and former head of Morgan Stanley India. Robin Chase is a transportation entrepreneur and co-founder of ZipCar. Both the investors are happy and optimistic about Lithium Urban.

Companies saw partnering with Lithium Urban Technologies as a tool to reduce their carbon footprint and as a part of their social responsibility. Soon, Lithium roped in Tesco Plc as their first client. And other companies followed the suit. Companies like Accenture, Adobe Systems and VMware are few of their clients. VMware is one of their biggest clients.

Where Next and What Next? Lithium is planning to operate pan India. As most of their corporate clients have offices at more than one city and have thousands of employees at each city, Lithium is planning to extend the services to their existing clients at their other locations. This includes cities like Mumbai, Delhi, Pune, Ahmedabad and Hyderabad etc.

As they spread across various  cities and scale up, they will start catering to non corporate clients i.e., to public. Until then they will concentrate only on corporate clients.

Coming to the what next question, The future of urban public transportation will be driven by four key tenets: clean, distributed, shared and connected, according to Krishnan. Keeping that in mind, he wants Lithium to eventually engage across the electric mobility value chain.

lithium-urban-technologies-bangalore
Image source: link

Sanjay Krishnan plans to collaborate with more OEMs to introduce different new form factors (vehicles) for freight, mass transit and consumer transport by April 2017, and wants the company to expand its fleet to 6,000 vehicles in four years.To do all that and more, the company, which has raised $1.3 million of equity and $1.3 million of debt, is looking to raise $6-7 million.

In addition to Ramachandran and Chase, Lithium counts KPIT promoters’ group, Kewal Nohria, Cognizant’s Lakshmi Narayanan, H.V. (Prasad) Subramaniam and Subrata Ghosh as its angel investors.

And another member to back Lithium Urban Technologies is none other than the man who gave India its first electric car Reva, Chetan Maini. Maini is also very optimistic about Lithium.

“When I started Reva, it was way ahead of its time. What is happening today is a host of factors coming together” such as better technology, awareness of electric cars and a more favourable policy stance from global lawmakers, he said.

“The long-term vision is to move into several different product platforms,” said Maini, who is a co-promoter, board member and investor of Lithium.

While Lithium is currently focused on corporate transport in India, Maini expects a future where it could dabble in other mobility areas such as goods transport and “first-mile/last-mile” delivery, and think beyond India.


Reference links and source links:

  1. Company Profile
  2. Sanjay Krishnan
  3. Company Website
  4. The Better India
  5. PluginIndia
  6. LiveMint
  7. Company Profile @ Zauba Corp

 

[Jobs] 11 Job openings at Rimac Automobili & Greyp Bikes ; For mechanical & electrical engineers and more

Rimac Automobili is a Croatian car manufacturer that develops and produces high-performance electric cars, drivetrain and battery systems, headquartered  at Sveta Nedelja, Croatia. Rimac Automobili’s first model, the Concept One, is known as the world’s fastest production electric vehicle. While Rimac sells high-performance vehicles under their own brand, the company develops and produces drivetrain systems and full vehicles for other companies. Greyp Bikes is a sister company that makes electric bikes.

Rimac Automobili and Greyp Bikes are expanding fast(fast like their cars) – 11 new ads for about 30 positions are opened. ( Our last post about Job Opportunities at Rimac Automobili )

Mechanical and Electrical Engineering positions are especially hot! Take a look and apply.

Current Openings

Serial# Job Title Location Description & Apply link
1 R&D Engineer – Mechanical Zagreb, Croatia Click Here
2 Battery System Engineer Zagreb, Croatia Click Here
3 Senior Embedded Software Engineer Sveta Nedelja, Croatia Click Here
4 Junior Embedded Software Engineer Sveta Nedelja, Croatia Click Here
5 Mobile App Developer Sveta Nedelja, Croatia Click Here
6 Front-End Web Developer Sveta Nedelja, Croatia Click Here
7 Back-End Web Developer Sveta Nedelja, Croatia Click Here
8 Homologation Specialist Zagreb, Croatia Click Here
9 Documentation Engineer Zagreb, Croatia Click Here
10 CNC Programmer/ Operator Sveta Nedelja, Croatia Click Here
11 Open Application Sveta Nedelja, Croatia Click Here
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Rimac Concept One can reach 100 km/h from standstill in 2.8 seconds
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Greyp Bike