E-Mobility+ Apr-May Issue 2022

A P R - M A Y

POWERING

SMART,

ELECTRIC,

EFFICIENT

2 0 2 2

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V O L U M E

3

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I S S U E

3

MOBILITY

LOCALIZATION POWERING INDIA’S EV DRIVE

- Hemal N. Thakkar Director - Transport, Logistics & Mobility, CRISIL

GIRIDHAR JOSHI Head of Engineering & Analytics, Nesh LIVE

NESH LIVE IS ON A MISSION TO ENHANCE THE SAFETY, EFFICIENCY AND SUSTAINABILITY OF ROAD TRANSPORTATION."

EV

EV EV

EV

CONTENT FEATURED TALKS

NEWS 04 INDIA NEWS

13

12 POLICY DEBRIEF

E-MOBILITY RESEARCH

MEENAL MALVIYA Head of Design, Quench Chargers

22 AXIAL FLUX MOTOR - A BETTER

CHOICE FOR ELECTRIC VEHICLE?

14

24 POLICY & REGULATORY 28 MARKET STATISTICS

GIRIDHAR JOSHI Head of Engineering and Analytics, Nesh LIVE

OPINION

IN CONVERSATION

29

Know how logistic industry can have A lion’s share in EV EVOLUTION

30

Insulating Indian Policy and People from Global Fuel Shock

31

Localization powering INDIA’s EV DRIVE

32

Electric Vehicles in India: "Heralding a New Era of MOBILITY"

34

Opportunity for Aluminum-Air Batteries in the Indian E-mobility Market

36

Addition of ~48,000 EV chargers expected over the next 3-4 years at an investment of ~Rs. 14,000 crore

16 GIRISH NAGPAL CEO & Co-founder, MetroRide

17 GAURAV TRIVEDI

THE CHAMPIONS CORNER 38, 40

EV

STATE SUMMIT

Chief Business Officer, EEE- Taxi

COVER STORY 18

Can electric fleets expedite India's 2030 ZERO EMISSION MISSION?

AWARDS

2022

PERSPECTIVE

MAHARASHTRA

20

KARNATAKA

Rising Fossil Fuel Prices - A Good Time to Switch to EV FLEETS?

PUBLISHING

EDITING

CONTENT

DESIGNING

ADVERTISING

Firstview Media

Ashwini Chikkodi

Sadhana Raju Shenvekar

Radha Buddhadev

Smriti Charan

Ventures Pvt. Ltd.

Nikita Salkar

Pallab Kumar Rana

Neha Barangali

Nivisha Sinha

editorial@firstviewgroup.com

publishing@firstviewgroup.com

design@firstviewgroup.com

advertise@firstviewgroup.com

CIRCULATION Sadhana Raju Shenvekar

PRINTING Vaibhav Enterprises

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INDIANEWS APRIL-MAY 2022

PARTNERSHIPS> TVS Motor Company Signs MoU With Rapido For Hyperlocal Mobility TVS Motor and Rapido have signed an MoU to explore ways they can collaborate in leveraging the synergies between their respective businesses in India’s fastmoving mobility sector. The partnership will include both two-wheelers as well as three-wheeler vehicles, and it will also cover ICE and EV segments.

Tata Power signs MoU with NAREDCO to Install 5,000 EV Charging Points Across Maharashtra Tata Power will offer a complete EV charging solution to all NAREDCO member developers.

The service will include the installation, maintenance, or upgradation of chargers as required. EV owners in NAREDCO member developer properties will be able to access Tata Power’s EZ Charge mobile app for 24×7 vehicle charging, monitoring, and e-payments.

Atul Greentech, Honda Power Pack, And Valeo Partners To Develop EVs With Battery Swappable Solutions In India Atul Greentech Private Limited (AGPL) will develop a prototype version of its passenger and cargo three-wheelers equipped with a swappable battery pack of Honda Mobile Power and the powertrain system of Valeo.

Once the field trials are completed, AGPL will launch the electric vehicle.

Electric One Partners With Ipower Batteries To Establish EV Battery Replacement And Health Centers In India

MG Motor Collaborates With BPCL To Accelerate EV Charging Infrastructure In India MG Motor India has collaborated with BPCL to accelerate the EV charging infrastructure in the country in the next 4 to 5 years. This collaboration targets to boost the EV adoption process in the country with inter-city travel. Both the companies will install the chargers within cities as well as across highways.

Hero Electric Joins Hands With EVIFY To Deploy 1,000 Electric Scooters Across India Hero Electric joins hands with EVIFY to deploy 1,000 electric scooters in the next two years. According to the agreement, Hero Electric will provide electric scooters to EVIFY.

Hero Electric Partners With BOLT To Set Up 50,000 EV Charging Stations In India Hero Electric partners with BOLT to set up 50,000 EV charging stations in the country within one year. This partnership will install BOLT chargers at around 750 touchpoints of Hero Electric in India. Nearly 2,000 Hero Electric users will get free-of-cost BOLT charging units at their homes.

Greaves Electric Mobility Partners With Mesha Energy For EV Battery Technology Greaves Electric Mobility Pvt Ltd partners with Mesha Energy Solutions Pvt Ltd to improve the battery quality for its electric vehicles and expand its presence.

Mesha Energy provides faster charging and a long life cycle for its batteries.

With this partnership, Greaves Electric Mobility will provide a better experience for its electric vehicle customers.

Hero Electric Partners With ElectricPe For Setting Up EV Charging Stations In India Hero Electric has partnered with ElectricPe for setting up electric vehicle charging stations in India. With this partnership, Hero Electric’s users can access the EV charging network of ElectricPe for charging vehicles. The charging points will be set up at malls, offices, residential complexes, and other establishments.

The partnership has been established as a first-of-its-kind EV battery replacement and health center. These centers will provide battery replacement and checking services. The two companies have joined forces to establish 500 centers in India.

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INDIANEWS

APRIL-MAY 2022

Euler Motors Partners with Magenta to Deploy 1000 HiLoad EVs in India Euler Motor has tied up with Magenta to deploy 1000 HiLoad EVs and 3wheeler cargo vehicles. Magenta, which specializes in building solutions that enables their clients to achieve sustainability goals, will deploy these EVs in Bangalore followed by other regions over the next 12 months.

Shadowfax Partners With Hero Electric To Make Its 25% Fleet Electric Hero Electric partners with Shadowfax Technologies to provide electric scooters for lastmile deliveries. Hero Electric will turn around 25% of the 100,000 fleets of Shadowfax Technologies into electric vehicles with its NYX HX e-scooters. Shadowfax Technologies plans to have 75% of its fleet be electric vehicles by 2024.

Volkswagen And Mahindra Sign Agreement For Exploring The Use Of MEB Electric Components In Chennai Mahindra intends to equip its “Born Electric Platform” with MEB electric components such as electric motors, battery system components, and battery cells. The Partnering Agreement evaluates the scope of collaboration – it indicates binding rules for the evaluation phase as well as the non-binding scope of supply.

Okinawa Autotech Signs Agreement With Tacita Okinawa Autotech has signed an agreement with Tacita, an electric motorcycle manufacturer in Italy for making electric scooters and electric motorcycles for the Indian market. Both companies plan to launch the vehicle by 2023.

Simple Energy Signs Deal with US-based Battery Tech Firm C4V for Cell Manufacturing in India Electric vehicle maker Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) for cell manufacturing in India. In addition to the build-in India initiative, this strategic partnership utilizes cells with industry-leading safety, higher energy density than LFP (Lithium Ferro Phosphate) batteries, faster charging, and a longer life cycle based on C4V’s patented technology.

GreenPower Motor Company Enters Into JV With Jupiter Wagon Group GreenPower Motor Company Inc., a leading manufacturer, and distributor of zeroemission, electric-powered, medium, and heavy-duty vehicles, announced that through its wholly-owned subsidiary EA Green-Power Pvt Ltd., it has entered into a joint venture with the Jupiter Wagon Group to bring select GreenPower all-electric vehicles to the Indian market.

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Hero Electric Collaborates With RevFin To Make It Easier To Own Electric Two-Wheelers Commercially This partnership will make it easier to own electric two-wheelers commercially for e-commerce deliveries, ridesharing, and so on. The two companies have reached an agreement to finance and lease 2,50,000 electric 2-wheelers together over the next three years.

Hyundai Motor India Partners With Tata Power To Power Up EV Charging Infrastructure In India The two companies have decided to build a robust EV charging network and boost EV adoption in India. Through this association, Hyundai Motor India Ltd. will become a key contributor to the expansion of quality charging infrastructure.

SUN Mobility Signs Agreement With Greaves Electric Mobility For Battery Swapping Solutions For EVs Both companies will work with government and industry players to boost the process of electric vehicle adoption in electric two-wheeler and electric threewheeler segments. Greaves Electric Mobility has a different range of EVs including e-loaders, three-wheelers e-rickshaws, and two-wheelers. SUN Mobility has battery technology that is used for these EVs.

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INDIANEWS

APRIL-MAY 2022

BUZZ> Tata Motors To Manufacture 80,000 EVs In Current Fiscal Year Tata Motors is ramping up production of electric vehicles to manufacture 80,000 plus units in the current financial year (202223). Tata Motors manufactured and sold 19,000 electric vehicles in the last fiscal (2021-22).

ChargeZone Accelerates Public E-mobility in India by Powering 500 + E-Buses ChargeZone announced that 500+ electric buses are being powered by its network of 125+ Superfast DC Points across India.

These points can be found in cities like Kanpur, Varanasi, Gorakhpur, and Kanpur. This initiative was undertaken in partnership with several state departments.

Fortum Charge & Drive India Commissions 50 Points Public EV-Charging Hub In Bengaluru The charging hub will cater to all types of electric cars as well as compatible 3W & 2W. The facility has 10 (ten) 60KW CCS charging points, 4(four) 15 KW DC001 charging points and 36 (thirtysix) 7.4KW Type-2 AC charging points which allow 50 cars to be charged at one point in time.

GreenCell Mobility To Roll Out 750 AC Ebuses In India GreenCell Mobility announced the brand name of the first panIndia inter-city electric mobility coach brand in the city. ‘NueGo’ is aimed at the new age traveler and is India’s first intercity Electric Mobility bus brand with initial plans of having services across 24 cities. The company announced its plans for the roll-out of 750 premium AC e-buses across key intercity routes in Southern, Northern & Western India.

Ecom Express Limited Plans To Have 50% Of Its Last-Mile Fleet Electric By 2025 Ecom Express Limited announced its plans to have 50% of its last-mile fleet transitioned to electric vehicles by 2025. It announced the deployment of Ebikes in Jaipur and Hyderabad to complement its push into electric vehicles.

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Dabur To Deploy 100 Electric Vehicles For Last-Mile Product Distribution In India Dabur India Ltd announced that it will induct 100 electric vehicles into its Supply Chain to facilitate last-mile product distribution. Dabur would be the first domestic consumer goods firm to own a fleet of electric vehicles for distribution.

Biliti Electric to Build Electric Three-wheeler Plant in Telangana at $150 Million Biliti Electric Inc is teaming up with Hyderabad-headquartered Gayam Motor Works to set up the world’s largest electric three-wheeler production facility with a capacity of 240,000 vehicles a year, involving an investment of $150 million (approximately Rs 1,144 crore) in Telangana. The 200-acre manufacturing plant will be set up on 200 acres.

LML Electric Signs Deal With eROCKIT AG To Manufacture Electric Hyper bikes For India LML Electric has signed a deal with eROCKIT AG, a German company to manufacture electric hyperbikes for India. The hyperbike has a range of over 120 km per charge, all day long. The clutch-free, low-maintenance drive unit with belt transmission guarantees long-lasting driving pleasure and very low maintenance costs.

BEL To Make Li-ion Battery Packs For Triton’s Electric Trucks At BEL’s Pune Facility The deal was signed for exploring battery cells for heavy-duty electric vehicles as well as energy storage systems in India for customers of India, the USA, and others.

BPCL To Invest Rs 200 Crore In India For EV Charging Infrastructure BPCL will invest Rs 200 crore in India to accelerate the electric vehicle charging infrastructure. BPCL will also set up 100 fast EV charging corridors with 2000 stations on 100 busiest national highways in the current fiscal year.

Offgrid Energy Labs Introduces Innovative ZincGel(R) Battery Technology to Power India’s EV Battery Swapping Segment Offgrid Energy Labs announced its innovative ZincGel® Battery Technology to strengthen India’s EV battery swapping segment with sustainable batteries.

ZincGel Battery Technology, in comparison to lithium-ion and lead-acid material batteries, is non-flammable and reduces the damaging impact on the environment. Offgrid Energy Labs plans to commercially launch ZincGel® products in India by next year.

Triton EV To Set Up Manufacturing Unit In Gujarat Triton Electric Vehicle LLC signed an agreement with the government of Gujarat and will invest Rs 10,800 crore to set up a manufacturing unit at Bhuj, Kutch. The plant will be spread across 645 acres of land and which manufacture 50,000 trucks in a year.

Olectra Greentech Secures Order For 2,100 Electric Buses Worth Rs 3,675 crore From BEST These electric buses include mini-AC buses, double-decker buses, single-decker buses, and midi AC buses. The company will deliver these 2,100 electric buses within 12 months.

Ez4EV Innovates ‘Zero Carbon’ Make in India, Green Energy EV Charging Solutions Ez4EV’s battery-integrated EV charger technology, EzUrja Static (proprietary battery-integrated EV charger technology), addresses grid constraints by combining charging infrastructure, grid infrastructure, and energy storage into a compact, integrated solution.

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INDIANEWS

APRIL-MAY 2022

INSIGHTS> India’s EV Sales Saw Three-Fold Increase In 2021-22, Report According to a recent report, India’s electric vehicle retail sales saw an increase of threefold in 2021-22. Also, the sales were dominated by electric three-wheelers among others.

The data was gathered from around 1,397 regional transport offices. India sold 429,217 units during this time period compared to 134,821 units in 2020-21.

India Needs To Add 48,000 EV Chargers In 3-4 Years To Meet Its Demand, Says Study A report expects a healthy electric vehicle (EV) penetration in India over the next five years, especially in the e-2W, e-3W, and e-bus segments. In order to achieve healthy EV penetration, expansion of charging infrastructure will play a critical role and this study predicts the addition of 48,000 EV chargers to meet the growing demand.

2020to 2025 India’s EV Market To Record 2.4% CAGR From 2020 To 2025 – Report A recent analysis finds that India’s EV market is forecast to record a 2.4% CAGR from 2020 to 2025. Electrification is expected to penetrate cars and last-mile connectivity modes like two-wheelers in India by 2030. It is expected about 70% of two-wheeler fleets and 30% of private two-wheelers to be electric by 2030. For passenger vehicles, 40% of fleets and 15%-20% of private cars will be electric by that time.

NEW LAUNCHES> Dispatch To Launch Its Electric Scooter

By Q1, 2023 Dispatch, an Indian EV startup will launch “the world’s first purpose-built” electric scooter by the first quarter of 2023. The electric scooter will be more ergonomic, reliable, adaptable and connected for higher profits and better unit economics. It can enable commercial and shared applications.

Matter Introduces MatterEnergy 1.0, India’s First Active Liquid-Cooled 2 Wheeler EV Battery Pack Matter has introduced MatterEnergy 1.0 lithium-ion battery pack. It features unique core characteristics like an Integrated Intelligent Thermal Management System (IIMS) and a Super Smart Batteries Management System (SSMBS). The battery pack was developed keeping in mind the Indian environmental conditions and usage conditions.

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Svitch MotoCorp Plans To Launch CSR 762 In India Svitch MotoCorp plans to launch CSR 762, a new electric motorcycle in India

by July or August this year. The bike is powered by a 3 kW electric motor and it can peak up to 10 kW. The top speed of the electric motorcycle will be 110 kmph with a range of 120 km

Komaki Launches Komaki LY And Komaki DT 3000 Electric Scooters In India Komaki launched Komaki LY and Komaki DT 3000 electric scooters in India in order to expand its electric scooter range. These are the third and fourth new vehicles in India in 2022 and are high-speed electric scooters.

LML Electric To Launch Three New Products In Next 12 Months In India A high-ranking government official has stated that LML Electric is looking to invest Rs 350 crore in the enterprise and in establishing a new manufacturing plant. Lohia Motors Ltd, Kanpur (LML), used to manufacture the Vespa Scooter with Italy’s Piaggio & C Spa.

TVS Motor Company Launches The New TVS iQube Electric Scooter In India TVS Motor announced the launch of the new TVS iQube Electric scooter in three avatars that come loaded with a best-in-class on-road range of 140 km on a single charge. Backed by the steadfast and trusted TVS Motor’s engineering capabilities, TVS iQube results from robust testing, ably complemented by wellestablished network support, a relationship manager, and a holistic digital ecosystem.

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INDIANEWS Tata Motors Launches e-Cargo Transport Solutions With The All-New Ace EV The new Ace EV, India’s most advanced, zero-emission, fourwheel small commercial vehicle (SCV), is a green and smart transport solution ready to serve a wide variety of intra-city applications. In addition to addressing the core need for timely cost-effective and efficient last-mile deliveries, the Ace EV also serves the future commitment and aspirations of its conscientious customers to achieve a net-zero carbon footprint.

BGauss Introduces D15i And D15 Pro Electric Scooters In India The new electric scooters are available at the price of Rs 99,999 ex-showroom. This is the third electric scooter the company has launched in India, following the BGauss B8 and the A2.

APRIL-MAY 2022

Odysse Launches Two New E-Scooters Odysse V2 And V2+ In India The two new E-scooters launched are Odysse V2 and V2+ which are available at a price point of Rs 75,000 ex-showroom in India. These scooters consist of dual water-resistant IP 67 certified batteries and offer a range of 150 km per charge.

Mozart Automobiles To Launch Its Electric Four-Wheeler By 2023 In India Mozart Automobiles is already present on the Indian market with its Ebike and E-scooter for the highway. It has already made a mark in the electric car industry and is now poised to enter the electrical automobile market.

Tata Motors Introduces The New Nexon EV MAX In India Tata Motors has launched a new product for customers looking for intercity long-distance travel. The Nexon EV Max XZ+ is powered by high-voltage stateof-the-art Ziptron technology. It will be offered in two trims – Nexon EV Max XZ+ or Nexon EV Max XZ+lux.

FUNDING> Zypp Electric Raises USD 1 Million from Northern Arc BGAUSS Raises Rs 52 Crores In Series A Funding Round BGAUSS raises Rs 52 crores in Series A funding round led by Darshan Patel, Founder of Vini Cosmetics Pvt. Ltd. BGAUSS is an electric two-wheeler brand promoted by RR Global. The funds will be utilized for expansion plans of the company including retail, research and development, in-house product development, and manufacturing capacity expansion for its electric vehicles.

Switch Mobility To Get An Investment Of £300 Million For Developing E-buses In India And the UK

Switch Mobility will get an investment of £300 million for developing light commercial vehicles and electric buses in the UK and India. The deal was signed during the visit of the Prime Minister of Britain, Boris Johnson to India.

Zypp Electric has raised USD 1,000,000 (about Rs 7.6 Crore) in debt financing from Northern Arc. This will allow it to expand its electric vehicle (EV), fleet services and it plans to deploy 1.5 million e-scooters across the country in the next three years.

BluSmart Raises $25 Million In Series A1 Round BluSmart has closed a Series A1 round of funding with $25 million. This is a follow-up to the series A round where it raised $50.7 million in September 2021.

BluSmart aims to utilize these funds to expand its electric vehicle network and have more than 5,000 electric vehicles across Delhi NCR.

eBikeGo Raises Funds Of $5 Million And Plans To Raise $25 Million More eBikeGo has completed raising $5 million in funding from domestic and international investors and it plans to now raise $25 million more. The funds raised will help eBikeGo to launch Muvi and trike Velocipado electric scooters next year.

Ather Energy Secures $128 Million From NIIF, Hero MotoCorp, And Strategic Opportunities Fund (SOF) In Series E Round Ather plans to use the funds raised to expand its production units, with a strong focus on research and innovation.

HOP Electric Mobility Receives Funding Of USD 2.5 Million HOP Electric Mobility as a part of a USD 10 million pre-series fundraiser has received funding of USD 2.5 million. The company plans to grow by tenfold this year, with newly raised funds.

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POLICYDEBRIEF APRIL-MAY 2022

CENTRAL>

STATE> Chandigarh To Issue Tender For Installing 100 EV Charging Stations Maharashtra To Set Up 50 EV Charging Stations Tripura Government Approves Tripura Electric Vehicle Policy 2022 The Government Of Rajasthan Approves Rajasthan Electric Vehicle Policy Delhi To Release Operational Guidelines For Subsidy Payment For Electric Cycles Delhi Government Approves 1,500 Low-Floor Electric Buses Into Its Public Transport Fleet

MoHI Opens Price Bids of the Grand Challenge Tender Process under Remodeled FAME II Scheme for Electric Buses NITI Aayog Releases Draft Battery Swapping Policy NTPC Issues Tender For Electric Vehicle Chargers

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West Bengal Government To Replace Its Current Fleet Of Buses With 1,200 Electric Buses Delhi Government Introduces Scheme To Provide Financial Incentives For People Electric Bike Buyers Goa Government Is Planning To Add 1200 Electric Buses – Transport Minister, Mauvin Godinho

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FEATUREDTALKS MEENAL MALVIYA Head of Design, Quench Chargers

What do you have to say about the current state of EV chargers in India?

As many sectors of this market are evolving – AC chargers, DC chargers, government tenders, and the growing Charge Point Operator market – the answer to that question may need to be nuanced with a sub-question. It is safe to say that all of these industries are expanding rapidly. AC chargers serve the destination, office, and home charging markets, and will soon be in the millions in India. DC fast chargers are typically targeted at the fleet and longdistance drive markets, and this segment will grow over time as cities electrify public transportation and more options for buyers of electric cars for long-distance driving become available. However, another serious issue that has emerged is that locations, where chargers are put, are not performing as effectively or have not yet been functional. As a result, there is a greater demand for EV chargers that are dependable and keep their promises to end consumers.

How are Quench chargers changing the dynamics of the India EV charging scenario?

When we first set out to make fast chargers in India we tried to license overseas technology from Europe and experienced severe reticence to license to an Indian company. Today we consider that these European companies did us a big favor as we went ahead and instead designed Indias’s first truly Atma nirbhar fast charger.

Our analysis demonstrated that the growth of the electric mobility sector in India is being hampered by not just the lack of charging infrastructure – but the fact that many of the chargers installed often do not work. Our focus has been to build a line of products that are relentlessly reliable, offering our customers a guarantee to bring chargers back in service within 24 hours should they experience any service issues.

Our present line of fast chargers are 60KW and 120KW, both ARAI approved. This year we will also launch our 30KW single gun variant and a 180KW hyper charger product line.

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"In an exciting interview with EMobility+ magazine, Meenal Malviya - Head of Design, Quench Chargers spoke about the current state of EV chargers in India, and how the Quench chargers are changing the dynamics of the Indian EV charging scenario. She also highlighted some design aspects of the Quench chargers that are worth noting."

Very early in the life of Quench Chargers, we were clear that we will never be a Charge Point Operator and that our “one thing” is to provide relentlessly reliable chargers to charge point operators who care for quality, resilience, and charger availability. Our role is to facilitate the growth of electric mobility service providers and charge point operators.

Could you highlight some design aspects of Quench chargers?

The Quench is designed on the philosophy of what we call the “4 Fries” the charger should not fry the car the car should not fry the charger neither the car nor the charger should end up frying the user/human and finally the charger should not fry the grid.

When the design of power electronics equipment is inherently negligent or risky, electricity can cause harm. Adequate steps are taken with quench to ensure the safety of humans, EVs, and the EV chargers by protecting against earth leakage, overload and short circuit protection, input under and over-voltage protection, insulation monitoring, GND fault, over-temperature, smoke alarms, and so on.

What have been some key milestones achieved by your company with your specialized chargers?

We have built India's first truly Atma nirbhar hyper chargers... we wanted to show the world that India has arrived on the EV charging scene and are proud to have exported our first units as well. Quench was also privileged to be one of the few products to be featured in the India pavilion at the Dubai Expo 2020.

What is Quench Chargers aiming for in the next couple of years?

Quench aims to be a trusted reliable partner for CPOs globally in markets that demand relentlessly reliable hyper chargers. We have a long tail of technological development that we are investing in, including not just higher capacity hyper charging technology but also technology that addresses the main pain areas for EV charging - i.e. time it takes to charge.

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FEATUREDTALKS GIRIDHAR JOSHI Head of Engineering and Analytics, Nesh LIVE

Give us a brief background of Nesh LIVE and its business.

Nesh LIVE is on a mission to enhance the safety, efficiency and sustainability of road transportation.

We work closely with vehicle manufacturers right from the production line. Nesh LIVE solution which includes a combination sensor, hardware devices and cloud software allows vehicle manufacturers to collect & transfer vehicle data to the cloud for further analysis for actionable insights.

These insights prompt stakeholders in the automotive supply chain to take actions that in turn enhance vehicle & passenger safety and efficiencies.

What makes Nesh LIVE stand out in comparison to other players in the industry?

Nesh LIVE solution is an OEM grade and is actively deployed at leading manufacturers in India. The solution is built for scale and security and currently clocks close to 10 million kilometers each day. Plus, the solution is unique in its production line fitment capabilities with end-points for seamless integration with OEM's ERP and Dealer Management Systems. This allows various stakeholders with different levels of access to use vehicle data for the best efficiency. Plus, our AI/ML driven features that provide virtual load sensors, route comparisons & trip analysis for insights are unique in the industry.

EMobility+ had a chat with Giridhar Joshi, Head of Engineering and Analytics, Nesh LIVE and learned about the company’s background and business. He also spoke about ways data analytics and intelligence help in improving a vehicle's performance and Nesh LIVE’s future plans.

In what ways do data analytics and intelligence help in improving a vehicle's performance?

Using data analytics and intelligence, Nesh LIVE solution offers virtual load sensors and trip analysis features. This intelligent virtual sensor help users compare vehicle efficiency under similar load characteristics. Similarly, the trip analysis identifies the key routes taken by a vehicle and anonymously compares the same to other vehicles with similar vehicle and load characteristics to provide a vehicle level rating system. All this helps a fleet owner to measure and compare and thus use the insights to improve their vehicle's safety and efficiency.

What can we expect from Nesh LIVE in 2022?

We continue to expand our solution offerings to new markets and segments. We are actively building new features to support our Electric Vehicle (EV) customers to actively monitor battery & motor characteristics in real-time to accurately predict range and state of health. Later this year, we are launching a new retail (B2C) product for the passenger car market under the brand name AssetMatics for which beta trials are currently underway.

Tell us how IoT and Telematics technology is incorporated into your offerings?

IoT is integrated during the vehicle development process itself, this is to ensure the various vehicle components like BMS, Motor Controller, ABS, etc are compatible with the Nesh LIVE Telematics Control Unit (TCU). Subsequently, the Nesh LIVE TCU is installed during line production of the vehicle and is an integral component of the vehicle.

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INCONVERSATION

Girish Nagpal

CEO & Co-founder, MetroRide How do you see the future of mobility or commute service in India both from the public & private users' perspectives?

The way our urban cities are growing in population & pollution we are putting too much strain on the environment as well as infrastructure. The basic necessity of clean air to breathe in has already become a huge challenge in many cities. The only sustainable solution to this is the use of public transport and to shift to cleaner modes of transport. We believe Private players should focus on enabling public transport by making it more accessible. We at MetroRide are making public transport seamless and accessible by solving the first & last mile issue.

How you will define Metroride?

How is it playing its part in the green transport movement?

MetroRide is an electric mobility platform with a mission to make daily commute Affordable, Punctual, and Sustainable. We make public transport accessible by solving the first & last mile connectivity issue & make customers' endto-end journeys seamless. We scale using Shared-mobility, Electric Vehicles, and Artificial Intelligence. Not only do we reduce the Carbon footprint from the first & last miles but also reduce congestion and pollution by promoting the ridership of cleaner public transport.

In your opinion what are the key challenges the fleet industry is facing with regards to adopting EVs in their services? How these can be overcome?

Like any new product or initiative, even EVs have to go through this life cycle where initially there is an adoption vs infrastructure readiness conundrum. With so many options for fleet owners like swap or fixed, ownership or lease, etc, one needs to take a strategic call. These are early days so what is the best option for a given use case in the long term can only be assumed. With so much R&D and dynamism in the sector, we need to be open to change and keep trying till things settle down. The early adopters always have to take that risk which does offer the benefits of having the first-mover advantage.

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EMobility+ had an exclusive conversation with Girish Nagpal - CEO & Co-founder, MetroRide where he spoke about the role being played by MetroRide in the green transport movement. He also gave his views on challenges being faced by the fleet industry at present, evolving technology innovations, and the importance of the entire industry working together to drive the green revolution.

How evolving technology innovations in the sector are helping customers deliver relevant business outcomes?

How technology gives you an edge over other players.

Technology creates the biggest differentiation when it comes to delivering value at scale, solving day-to-day problems, or even replicating a solution in different markets. We are an AI-enabled platform and have always tried to use technology as the backbone of each of our processes. Right from scheduling our vehicles, and assignment of drivers to identifying & optimizing routes, our technology stack comes in very handy.

That’s the reason we don’t need battalions of people to run our show in different geographies & makes us leaner and scalable.

We also make customers’ journeys seamless by offering multi-modal commute through our tie-ups with transport agencies like Metro, suburban trains, etc.

With an increasing inclination towards electric mobility, do you feel that we are on the right path with infrastructural development?

How you are dealing presently with your charging infrastructure requirements?

We surely are in times where mass adoption of electric mobility is not a question of “whether” but “when”. The private and public forces are working in tandem to ensure that our infrastructure is ready. The early adopters are incentivized through various subsidies and PLI schemes. We believe EV adoption should be our single point agenda for the whole industry as of now irrespective of we being competition.

We all need to collaborate rather than compete as there will be enough pie for everyone to grab once we make the market grow in the next few years. MetroRide also has been following this philosophy and has created a robust ecosystem working closely with Swap station partners, Charging partners, transit agencies as well as OEMs. This gives us a good launchpad to work together with various stakeholders with a common goal.

We believe Private players should focus on enabling public transport by making it more accessible.

APR-MAY ISSUE 2022 | PG 16

INCONVERSATION

Gaurav Trivedi

Chief Business Officer, EEE- Taxi How is the business progressing at EEE Taxi this year? What have been some key developments?

Business is looking very bright and we are already seeing very steady growth. This growth is both in terms of trips and revenue.

One major Key development is that we see an increased demand for EVs from the corporates and even those who have not adopted EVs earlier.

What are some digital features and technologies incorporated into your vehicles to ensure safety?

Safety is the core of eeeTaxi operations. All the cabs are fitted with Panic Button. Other than that the drive and the passenger app also have a soft panic button for any emergency situation. The Central Command Centre is tracking all cabs 24x7 and the driver and the passenger can communicate with the command center teams for any issue including those pertaining to safety.

EMobility+ got a chance to interview Gaurav Trivedi - Chief Business Officer, EEE- Taxi And gained some insights into the company’s key business developments, vehicle technology, and further expansion plans.

What are your plans for growth and expanding further to other states?

We are presently operating in Delhi-NCR, Hyderabad, and Bangalore. We have plans to expand both in new states and expand our cars in the existing cities/states of operations.

How do you view the e-fleet adoption in India at present? Are there any untapped opportunities?

The corporate fleet adoption of EV fleet adoption is at an all-time high and the trend will continue as most the corporates have sustainability goals towards going carbon neutral. EV cabs are one of the fastest ways of achieving it.

Untapped opportunities- The untapped opportunity is huge as the present times are those of transition to EVs. So any corporate which has not adopted EV is potentially an opportunity.

How do you see the electric fleet industry shaping up in the next couple of years?

The next couple of years will be witnessing migration to Electric transport. While this also needs more charging infrastructure to support the fleet side which is also happening and the EV ecosystem is evolving. More organizations both Government and private will be scaling up the EV adoption efforts.

The Central Command Centre is tracking all cabs 24x7 and the driver and the passenger can communicate with the command center teams for any issue including those pertaining to safety.

| INDIA

APR-MAY ISSUE 2022 | PG 17

COVER STORY

Prelude: The global automotive industry is undergoing a paradigm shift as the transition is happening toward electric mobility. India, too, is investing in this electric mobility shift. The Indian automotive industry is the fifth-largest in the world and is slated to be the thirdlargest by 2030. With vast demand, it is necessary to shift to sustainable alternatives over conventional ones. India has adopted a “Shared, Connected, and Electric” vision and has projected an ambitious target of achieving 100 percent electrification by 2030. In making this transition, electric fleets will play a major role. Considering the growing presence of companies like Uber and Ola, there is no doubt about their demand and adoption. As the majority of Indians do not own a personal vehicle and are resorting to these popular modes of commute, their role and significance in India’s 2030 mission are only going to gain more and more significance.

Apart from being sustainable, the electric fleets will provide cost benefits also. Reduced maintenance and running costs, and government grants to help manage the costs are some of them. Understanding the significance of electrification, many big companies are on a mission to electrify their fleets. BigBasket, Amazon, Flipkart, and Zomato are just a few names. Thus, it is evident that the adoption of electric fleets will only expedite India's 2030 Zero Emission Mission.

DR. RAHUL WALAWALKAR MD, CUSTOMIZED ENERGY SOLUTIONS (CES) INDIA & PRESIDENT IESA

The EV Market in India has been witnessing one of the fastest recoveries in 2021 from the pandemic-induced slowdown in 2020. In 2021 the annual sales of EVs in India reached 4,67,000+ units. While two-wheelers have been leading the sales quantum in India, with 50% of the total market share. Besides, promising growth has been observed in the other segments of EVs. The EV policy in the country is supportive to drive EV demand; the financial budget for 2022 focuses on the creation of special EV mobility zones, and the creation of an EV Battery swapping policy. From the supply side, the Government of India has been taking active steps to domesticate supply and reduce reliance on imports. As such three Production Linked Incentive schemes were announced- for automobiles and auto components, for Advanced Chemistry Cell battery manufacturing, and for semi-conductors for a total outlay of INR 76,000 Crores.

The electric vehicle industry in India is picking pace with 100 percent FDI possible, new manufacturing hubs, and an increased push to improve charging infrastructure. Central subsidies and policies encouraging deeper discounts for Indian-made electric twowheelers as well as a boost for localized ACC battery storage production are other growth drivers for the Indian EV industry.

| INDIA

A report by India Energy Storage Alliance (IESA) projects that the Indian EV market will grow at a CAGR of 36 percent by 2026. The EV battery market is also projected to grow at a CAGR of 30 percent during the same period.

State Governments like Assam, Maharashtra, Gujarat, Goa, and so on have announced the policy to create a conducive ecosystem for EV adoption in their respective states while more states will be coming out with the EV policies. The country has defined an ambitious target of cutting its net carbon emissions by 1bn tonnes by 2030, and ultimately achieving the goal of net-zero emissions by 2070. Among multiple measures that must be taken to achieve this goal, the electrification of vehicle fleets is a key one.

The transport sector of the country currently is one of the largest emitters of greenhouse gases, out of which road transport contributes to over 90% of the total CO2 emissions. These facts furnish a grim environmental picture of the nation and explain the reasons behind the current push toward zero-emission transportation solutions, ie, electric vehicles (EVs). A faster switch from ICE vehicles to EVs is certainly the need of the hour. It can put India on a greener path by resolving the worsening air quality issues and reducing the carbon footprint.

APR-MAY ISSUE 2022 | PG 18

COVER STORY The Indian Government is taking a multitude of initiatives to raise awareness about EVs among consumers. Programs such as ‘Go Electric’ have recently been launched to bring to light the various benefits of adopting EVs. Such programs could trigger consumer interest and thereby fast-track the country’s transition to electric transportation. Besides this, steps are also being taken to reduce the cost of EV acquisition, expand and strengthen the charging infrastructure, etc. All these initiatives are in line with the government’s strong target to achieve 100 percent electrification by 2030.

When we talk about EVs, the battery is a critical tech component. It is important that there is good monitoring and safety surrounding the use of battery packs used in lithium-ion batteries, which has enabled e-mobility transition. The EV makers too are actively working to strengthen the components and features of the vehicle to optimize its performance and offer maximum benefits to the users.

Many global companies are considering setting up units to produce Lithium-ion batteries and other components in India. Over time, as demand begins to surge, more players are likely to join the wagon and play a key role in strengthening the Indian EV ecosystem. Rapid electrification of vehicle fleets in India could reduce emissions from the transport sector by 570 million metric tons, thereby elevating the quality of life of people.

Needless to say, EVs are the future of mobility in India. The ongoing enthusiasm and noise around these vehicles positively indicate that an electronic revolution is on the cards. What we need now is a collaborative effort on part of all – the government, EV makers, and the consumers to support the war against climate change and make this EV revolution possible.

Challenges faced by the EV industry DEVRISHI ARORA FOUNDER, EVIFY LOGITECH PVT. LTD.

Even though India is witnessing growth in the clean mobility model, the infrastructure to support this ecosystem is still at its initial stage.

Let's look at the pressing challenges that need to be resolved: Insufficient charging infrastructure High Costs Lower mileage Dependent on imports of EV batteries and their components High charges for EV charging stations Ambiguity in the EV insurance sector

PRAGYA MITTAL

Zero Emission Mission FOUNDER, EVIFY LOGITECH PVT. LTD.

The global automotive industry is undergoing a radical shift as it attempts to transition to sustainable solutions. India, too, is investing in the transition to electric mobility. One of the most promising options for decarbonizing the global e-commerce and logistics businesses is electric mobility. According to the NITI Aayog report, the cumulative investment in EVs could be as large as Rs.19.7 lakh crore between 2020-2030. The incorporation of electric vehicles has made them not only the future of mobility but also the development of the 100 smart Indian cities that are currently underway. That includes boosting India's $160 billion logistics industry, eCommerce, hyperlocal, retail, FMCG, and other linked verticals that rely heavily on logistics.

The logistics industry is at a critical intersection with innovations virtually, playing a significant role in the EV sector. According to the Petroleum Planning & Analysis Cell (PPAC), fossil fuel-powered vehicles produce over 20% of hydrocarbon emissions and consume over 203.3 million tonnes of fuel. India's goal of a renewable and clean environment requires a serious push, as green mobility is the alternative. There is no doubt that electric mobility is the way of the future in India.

How does the EV fleet fit in?

An EV fleet is a group of zero-emission vehicles owned or leased by the same company or organization. Fleet vehicles are used for logistics. When an electric vehicle fleet is in use, it does not emit CO2. As a result, when logistics companies employ EV fleets, no tail-pipe carbon emissions are produced, and their operation is considered sustainable. Given the possibilities of this move, logistics giants like Amazon, DHL, and Mahindra Logistics have already stated their ambitions to invest in an EV fleet in the subsequent years.

If we dig deeper into the EV industry today, we'll find a slew of eCommerce, food delivery, grocery delivery, and logistics companies collaborating with EV rental companies. Their goal is straightforward: to use the existing and emerging electric vehicle (EV) and charging infrastructure to provide carbonfree last-mile delivery.

| INDIA

At the 26th Conference of Parties, Indian PM Narendra Modi declared a five-fold strategy: panchamrita to achieve the Net Zero Emissions by 2070. To achieve this goal, 2030 is the target projected by him to reduce carbon emissions by one billion tonnes. By FY 2030, India's EV aim will require a total annual battery capacity of 158 GWh, presenting substantial investment opportunities for investors. At this point, enabling policy support measures are crucial. This appears to have been noticed by the government. It has been putting in place PLI plans to boost market demand in priority categories including electric two-wheelers and localizing the manufacture of critical components like ACC battery storage, electric automobiles, and auto components. Moreover, some Indian governments have now implemented EV laws aimed at attracting industry investment and making EV adoption more realistic for the consumer market.

Moving Forward The move to EVs is already underway, propelled by rising environmental concerns, government laws, and financial incentives.

As a result, the challenges that this change poses are only increasing.

Fortunately, when IoT-assisted technology is integrated with other hardware, industrial, and supply chain solutions, we can overcome a lot of challenges. Smart charging technology enhances the charging infrastructure as well as the consumer experience. Smart energy management enhances electric vehicle (EV) and stationary load management, minimizing the risk of grid overload and allowing for more renewable energy use. By prolonging the lifetime and reusability of batteries, monitoring, analytics, and recycling help to alleviate shortfalls caused by the rising market for the necessary battery materials. We will be able to capture much of the unrealized potential and bring a whole new perspective of mobility into view as we shift substantially from fossil fuels to all-electric, making the future not only electric but also sustainable. Finally, the availability of capital for OEMs, battery manufacturers, and charge station operators, as well as infrastructural development and a diverse range of customer alternatives, will determine the success of India's EV industry.

APR-MAY ISSUE 2022 | PG 19

PERSPECTIVE

Prelude: India depends on imports for the majority of its domestic oil consumption, out of which a third is spent on crude oil alone. In India, we can see that, petrol prices are at an all-time high and the hike is continuous and every day the prices are shooting up due to the international tensions. In the next few months, prices may rise further leading to a significant inflationary pressure on the economy. Looking at the current situation, Electric vehicles (EVs) can act as a strong and economical alternative as they promise significantly lower maintenance and operational costs as compared to their ICE counterparts. It is noteworthy that, to fuel EVs, government support has also increased significantly over the last few years. Thus, rising fuel costs could be a blessing in disguise for the EV industry and thus lead to faster adoption of EVs.

SUNIL GUPTA MD, AND CEO, AVIS INDIA

The prolonged increase in fuel prices has resulted in a surge in demand for EVs in India. However, today's EV alternatives are limited, while current players are working to solve this issue. With several electric vehicles set to be released in the coming months, let's take a look at some of the electric vehicles that are anticipated to reach the roads in India.

The profit-sharing system is an issue for drivers in which the number of trips matters more than working hours. Drivers who own their automobiles must incur greater running costs, pay a large amount in equivalent monthly payments, and keep the remainder. Drivers are forced to make more and longer journeys and hence work longer hours. As a result, a ride may be refused due to location, traffic congestion, a means of payment, or other factors. The search to arrange a ride involves a series of cancellations, waiting time, anticipation, and persuasion. The issue has been ongoing and extremely difficult.

The market for shared transportation in India is massive. It is predicted to rise 56.8 percent by 2025, according to the news release agency Businesswire. In the current industry, where ride-hailing applications account for the vast majority of trips, there is a lack of clarity about the price-sharing mechanism between the aggregator and car owner. There are clearly regulatory inadequacies.

Delhi has announced a draft, Motor Vehicle Aggregators Scheme 2021 to regulate two-wheeler, three-wheeler, and four-wheeler aggregation. It tries to limit surge pricing to two times the base cost. It also mandates that all aggregators have a 50 percent EV fleet within two years.

| INDIA

The Indian EV sector is very concentrated, with big firms present, due to affordable and easily accessible labor. Startups are also expanding their presence by seeking investor investment and accessing previously unexplored markets. Companies are investing much in R&D and inventing new models in order to establish themselves in the market. Established market players, on the other hand, are inventing new models in order to get a competitive advantage over their rivals.

BluSmart and Metroride, for example, have garnered market traction in their first two years of existence. While one is concerned with pan-city operations, the other is concerned with travels within three to five kilometers of metro stations. Unlike the others, these have a 'no cancellation' policy, fixed pricing slabs, and a low waiting policy. Furthermore, with a 100 percent EV fleet, they are ahead of traditional players.

The unit cost of operating these commercial EV passenger vehicles is unquestionably cheap. However, in order to fulfill demand, these types of mobility businesses must rapidly increase.

A 50,000-EV four-wheeler fleet should be introduced, and threewheeler registrations should be loosened, according to a ballpark estimate. As it grows in this opportunistic arena, it will be vital to balance critical mass and market differentiation, as well as pricing dynamics.

The issues that should be addressed through a mix of activities and programs are the upfront purchase expenses and trust in the performance of EVs. To reduce costs and increase supply, the EV sector and government regulations must boost local manufacture of EV vehicles and batteries. Currently, with the rising fuel costs, it is the perfect time to switch from IC fleet to EV fleet. However, creating a robust charging infrastructure network will undoubtedly increase fleet acceptance and affinity for electric vehicles.

APR-MAY ISSUE 2022 | PG 20

PERSPECTIVE 30

VIVEK V. GAVIMATH TCO (INR/Km)

SENIOR ANALYST, CSTEP

25 20 15

Petrol cab EV cab

10 5

SPURTHI RAVURI

0

SENIOR ASSOCIATE, CSTEP

1

2

3

4

5 6 Year

7

8

9

10

Figure 1: A comparison of the total cost of ownership of ICE cabs and their EV counterparts India is one of the fastest-growing large economies in the postCovid era. The transport sector, a major contributor to India’s GDP, is currently dominated by internal combustion engine (ICE) vehicles and, therefore, is dependent on fossil fuels.

Most of India’s petroleum oil requirements (88%) are met largely by imports from different countries. The recent disruption to the global energy supply chain due to the Eastern European conflict and non-pocket-friendly taxes (domestically) have resulted in a fuel price hike.

In addition to the recent developments, fuel prices have been soaring consistently over the decades. Between 1992 and 2022, crude oil prices (dollar per barrel) rose by 400%. Petrol and diesel prices (INR per liter) increased by 290% and 500%, respectively, between 2000 and 2022. Even in the unlikely scenario of the United States lifting the embargo on Venezuela and Iran, the upward trend in fuel prices is most likely to continue in the coming decades. Electric vehicles (EVs), however, are immune from these petroleum market developments.

Advantage EV In addition to being comparatively green, with zero tailpipe emissions, the main advantage of EVs over ICE vehicles is the independence from the volatile oil market and the consequent low operating costs. Most studies indicate that EV operating costs per km are typically 1/10th of their ICE counterparts. With rising fuel prices, this relative advantage will only improve.

However, as the capital cost of EVs is high, it would take approximately 10 years for a retail user with low daily kilometers traveled to realize the overall benefit of an EV’s low operating cost. On the other hand, fleet operators could reduce their operating costs by switching to EVs as the number of vehicles in a fleet is high and the vehicles travel more kilometers daily.

180 TCO (INR/Km)

Hike in fuel prices: An unending saga

210

150 120 Diesel Bus

90

EV Bus

60 30

1

2

3

4

5 6 Year

7

8

9

10

Figure 2: A comparison of the total cost of ownership of ICE buses and their EV counterparts

The total cost of ownership of a personal EV with an average daily run of 32 km is comparable to its ICE counterpart only after 6 years. However, an EV cab running for 160 km a day is cost-effective from the second year onwards (see Figure 1).

Similarly, the cost parity for e-LCVs and e-buses (see Figure 2) could be achieved in the third and fifth years, respectively. Thus, an EV fleet will enable operators to offer cheaper fares, providing them with a competitive edge in the market.

The push and the pull Periodic increases in petrol and diesel prices coupled with surging road taxes and registration fees for ICE vehicles are definitely making fleet owners look around for options. Road taxes across the country average at 10%–12% and are as high as 20% in some cases. To increase the EV uptake, many states have adopted EVfriendly policies that partially or fully exempt EVs from taxes and fees.

Existing EV policies have largely tried to lessen the financial burden of the retail user and promote the establishment of charging infrastructure for EV uptake.

Further financial incentives or instruments for alleviating the pain of the high initial cost of the EV fleet are the need of the hour. The expansion of the charging infrastructure and the wide dissemination of technical know-how about EV-fleet management will boost the confidence of operators.

The switch to EV fleets will contribute to curbing transport-related emissions and has the potential to improve energy security in the long run.

| INDIA

APR-MAY ISSUE 2022 | PG 21

EM+ RESEARCH

In the electric vehicle industry, there are mainly two types of motor namely radial flux motor and axial flux motor being used. In the radial flux motor, magnetic flux traverses perpendicular to the axis of rotation and in the axial flux motor, the magnetic flux traverses parallel to the axis of rotation. In recent times, the axial flux motor is gaining traction in e-mobility applications. Due to the higher powerto-weight ratio of the axial flux motor, a number of developers like magnax & rolls Royce have been working on improving the technology to make it suitable for applications such as e-motorcycles, delivery trucks, e-cars, and even aircraft.

WORKING PRINCIPLE : The working principle of the axial flux motor is based on the rotor permanent magnet & stator electromagnet. When stator coils are energized, they become electromagnets. The most common design of axial flux motors is the single stator and double rotor topology. When the controlled current through the motor controller is given to one of the stator coils, it becomes energized and becomes an electromagnet. When coil A energizes the N pole, the stator attracts the opposite S pole of the rotor & simultaneously the adjacent N pole of the rotor repels the stator N pole.

Subsequently, the tangential forces of two forces make the rotor rotate.

The rotor speed and inertia make the rotor travel ahead of the perfect alignment angle between the opposite polarity of the stator and rotor.

During this time, the next coil is energized by the motor controller and the rotor rotates towards coil B due to the same attraction and repulsion forces Source: Lesics described above. Likewise, coil C energizes and the rotor rotates. Thus in dual rotor single stator axial flux motor topology, the magnetic flux loop starts at a permanent magnet on the rotor, passes axially through a stator tooth, and immediately arrives at the second magnet of the rotor. Thus the flux path of the axial flux motor is much shorter than the radial flux motor, which allows the motor to be smaller for the same power with higher power density and efficiency. Thus a double rotor single stator axial flux motor has a double air gap between stator and rotor which enlarges the surface area of the air gap, producing more torque.

DESIGN & DEVELOPMENT : The critical design aspect of the axial flux motor is to maintain a uniform air gap between the stator and rotor. Though there are lots of advancements in the development of axial flux motors, there are some serious design and production challenges that have made them far more costly than their radial counterparts.

The most common trend in axial flux motors is dual rotor machines with yokeless topology (where the iron yoke of the stator is removed but the iron teeth are kept). As the stator windings are located deep inside the stator and in between there are two rotor discs, thermal management of the axial motor becomes difficult. To solve this problem Magnax uses a direct oil cooling methodology which removes heat directly from the windings.

As the flux path in the axial motor is one-dimensional compared to the radial flux motor, grain-oriented electrical steel can be used for the stator core. This allows full flux to pass through and results in motor efficiency gain. This reduces stator core loss by 85%.

Axial flux motor design uses concentrated or segmented stator windings that are fully active. The YASA (Yokeless and Segmented Armature) motor topology uses segmented armature for a stator in dual rotor configuration. These provide a higher power density of 10kW/kg at speeds of 2000-9000 rpm.

Yokeless axial flux motor | Source: YAGA

| INDIA

APR-MAY ISSUE 2022 | PG 22

EM+ RESEARCH APPLICATION : E-CAR : In the e-car segment, one of the applications of the axial flux motor is in the e-axle. The small size of the axial motor allows the developer to accommodate a motor and a gearbox to be packaged in the axle.

In a hybrid e-car, the axial motor’s smaller axial length keeps the overall length of the drivetrain short. Another application of the axial motor in the e-car is to put the axial motor directly with the vehicle wheel. This eliminates the need for transmission, differential, and driveshaft and increases motor efficiency.

Axial flux motor designed for e-bikes and quad bikes.

Source: Saietta

E-BIKE : In electric two-wheeler (electric motorcycle and quad bikes) applications, the use of AC axial flux motor replaces DC brush-based axial flux design. This eliminates the spinning armature’s mechanical commutation in DC application. The motor controller for this application needs a frequency of 12kHz, which comes from the lower inductance of the stator windings, of 20uH. The control of motor current through frequency control ensures the torque to change very quickly, which allows for smoother control of the motor.

In e-bike applications, the system voltage of the axial flux motor remains below 60V, rather than the higher voltage system.

Source: TORK motor

In the battery swapping model for the e-motorcycle, the pancake shape of the motor allows it to sit naturally in the frame of an electric motorcycle, leaving more space for the battery pack.

Recently, Tork T7X launches India’s first electric motorcycle with an axial flux motor.

FUTURE OUTLOOK: With a higher power density of 10kW/kg, the axial flux motor gives four times the higher power density than a radial flux motor for an EV application. This makes it suitable for different electric vehicle applications with less weight, and higher and smooth torque control.

However, design and development need to be adopted on a mass scale for axial flux motors to be cost-competitive with radial flux types.

| INDIA

APR-MAY ISSUE 2022 | PG 23

POLICY & REGULATORY

Policy DRAFT BATTERY SWAPPING POLICY 2022: Recently NITIAayog has drafted a Battery Swapping Policy 2022.

The main purpose of this policy is to establish the principles behind technical standards that would enable the interoperability of components within a battery swapping ecosystem. The draft policy will be valid from the date of notification till 31st March 2025. This policy is mainly targeted at the adoption of battery swapping for e2Ws and e-3Ws.

Key proposals of the draft policy:

3

1

Battery providers of advanced chemistry cell (ACC) batteries must have end-to-end compatibility between batteries and other components of the battery swapping ecosystem. All batteries should have a certified battery management system (BMS) attached to them. All BMS should be compatible with various battery swapping ecosystems and meet safety requirements. Batteries used for swapping should have IOT-based monitoring systems, remote monitoring & immobilization capabilities.

The draft policy suggested an equal GST rate for lithium-ion (Li-On) batteries and electric vehicle supply equipment (EVSE).

Currently, the tax rate on li-ion batteries is 18%, and that of 5% for EVSE.

2

Unique Identification Number (UIN):

Every battery should be assigned a unique identification number (UIN) for tracking & monitoring each battery across its lifecycle. Required technical data of the battery will be mapped by the OEMs with the UIN of the battery pack at the manufacturing stage.

The battery swapping operator should have the usage history and performance data of each battery pack with UIN during the EV application. The data must be maintained to facilitate the traceability of EV batteries during the entire lifecycle. A separate UIN number will be assigned to each battery swapping station.

4

The policy proposes the same incentive applicable for electric vehicles with preequipped batteries with electric vehicles with swappable batteries.

5

Standards for BCS (battery charging station) and BSS (battery-swapping station) will be developed or approved by BIS/Ministry of Power (MoP). All batteries should be tested and certified according to AIS 156 (2020) & AIS 038 Rev 2 (2020) standards.

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APR-MAY ISSUE 2022 | PG 24

POLICY & REGULATORY

Policy AMENDMENTS TO THE DELHI ELECTRIC VEHICLE (EV) POLICY, 2020: In April 2022, the Government of Delhi amended Delhi’s electric vehicle policy 2020. Key amendments of the notifications are as follows:

1

3

From now, the department of transport & GNCTD in addition to Delhi Financial Corporation (DFC) can initiate any other agency for vehicle owners who are claiming interest subvention on the purchase of electric vehicles (EV). The applicable purchase incentive should be transferred directly to the owner's loan account.

A new policy of purchase incentives for E-bicycles is included in Delhi EV Policy.

E-bicycle minimum standards:

vehicle is equipped with an electric motor having thirty-minute power less than 0.25 KW; its output is progressively reduced and finally cut off as the vehicle reaches a speed of 25 km/hr, or sooner if the cyclist stops pedaling.

The maximum speed should be less than 25Kmph.

The vehicle should be fitted with suitable brakes and proper front and rear reflectors.

2

Incentives for E-bicycle:

An incentive for the purchase of E-cart used for last-mile delivery A purchase incentive of Rs.30,000 per vehicle will be given to organizations owning ecarts. The e-carts must have an advanced chemistry cell battery certified by an accredited testing agency to be eligible for purchase incentives.

Purchase incentive of 25% of the maximum retail price (MRP) up to a maximum of Rs. 5,500 per vehicle will be provided to the first 10,000 buyers of e-cycle.

In addition to e-bicycle, E-cargo bikes will fetch a purchase incentive of 33% of the Maximum Retail Price (MRP), up to a maximum of ₹15,000 per vehicle will be provided to buyers of the first 5,000 Cargo ecycles. This incentive will be available to both individuals and fleet owners.

A purchase incentive of 33% of the Maximum Retail Price (MRP), up to a maximum of ₹15,000 per vehicle, will be provided to buyers of the first 10,000 Cargo e-cycles. This incentive will be available to both individuals and fleet owners (e.g., last-mile delivery providers).

4

Incentives for Scrapping old ICE (Internal combustion engine) vehicles: For scrapping and deregistering old ICE two-wheelers registered in Delhi, purchasers of eligible passenger and cargo e-cycles shall be eligible for up to ₹3,000/- of the incentive which shall be reimbursed by the GNCTD to the purchaser of an e-cycle.

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APR-MAY ISSUE 2022 | PG 25

POLICY & REGULATORY

Regulatory Madhya Pradesh Regulatory Commission Approved EV Charging Station Retail Tariff For FY 2022-23: Recently, the Madhya Pradesh Electricity Regulatory Commission (MPERC) fixes the electric vehicle charging station retail supply tariff for FY 2022-23, in response to the Madhya Pradesh distribution licensee’s petition for determination of Aggregate Revenue Requirement (ARR) for a control period of FY 22-23 to FY 26-27 and retail supply tariff for FY 22-23.

The electric vehicle charging station operators or owners come under two categories i.e. LV-6 (Low Tension Category) & HV-8 (High Tension Category).

As there was no consumer data in the EV charging category till the previous year, the commission projected, the number of consumers, connected load & sales as per the petitioner’s submission.

TARIFF FOR LOW VOLTAGE ELECTRIC VEHICLE CHARGING STATION (LV-6): CATEGORY

MONTHLY FIXED CHARGES

ENERGY CHARGES (PAISE/UNIT)

Electric Vehicle/ Rickshaw Charging Installation

Rs. 100 per KVA or RS 125 per kW of billing demand

600

The above tariff will be applicable for electric vehicle/ e-rickshaw charging and battery swapping stations. For any vehicle which is being charged on the consumer's own premises, the tariff rate will be based on the applicable category of metered connection from which the vehicle/ rickshaws are being charged. In case of excess energy demand, the billing will be done as per general terms & conditions of low tension tariff.

TARIFF FOR HIGH VOLTAGE ELECTRIC VEHICLE CHARGING STATION (HV-8): CATEGORY

MONTHLY FIXED CHARGES

ENERGY CHARGES (PAISE/UNIT)

HT Supply

Rs 100 per KVA of billing demand

590

The above tariff will be applicable for high tension electric vehicle charging stations or battery swapping stations. For any vehicle which is being charged on the consumer's own premises, the tariff rate will be based on the applicable category of metered connection from which the vehicle/ rickshaws are being charged. In case of excess energy demand, the billing will be done as per general terms & conditions of the high tension tariff.

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APR-MAY ISSUE 2022 | PG 26

POLICY & REGULATORY

Regulatory Meghalaya Regulatory Commission Retain Existing Electric Vehicle Charging Station Retail Tariff For FY 2022-23: Recently, the Meghalaya State Electricity Regulatory Commission (MSERC) in response to a petition filed by Meghalaya Power Distribution Corporation Limited (MePDCL), approved a retail supply tariff of FY 2022-23 for electric vehicle charging stations. In the petition for aggregate revenue requirement (ARR) & distribution tariff for FY 2022-23, MePDCL proposed the separate retail tariff for low tension and high tension electric vehicle charging stations as follows.

CATEGORY

EXISTING TARIFF Fixed Charges (Rs/kW/month)

Energy Charges (Rs/kWh)

PROPOSED TARIFF Fixed Charges (Rs/kW/month)

Energy Charges (Rs/kWh)

Low Tension (LT) evehicle charging station

120

9.70

155

9.70

High Tension (HT) evehicle charging station

230

9.90

300

9.90

The licensee or DISCOM should submit a status report as soon as the electric charging station owner registered their charging station with DISCOM IE rules and safety norms.

As MePDCL has yet to submit the status report, the commission provisionally retains the existing tariff of FY 2020-21, for FY 2022-23 control period.

CATEGORY

TYPE OF CHARGES

EXISTING TARIFF

PROPOSED TARIFF

APPROVED TARIFF

Low Tension (LT)

Fixed Charges (Rs/kW/month)

120

155

120

Low Tension (LT)

Energy Charges (Rs/kWh)

9.70

9.70

9.70

High Tension (HT)

Fixed Charges (Rs/kW/month)

230

300

230

High Tension (HT)

Energy Charges (Rs/kWh)

9.90

9.90

9.90

| INDIA

APR-MAY ISSUE 2022 | PG 27

Market Statistics % Share of EV Sales Till May 2022 Source : VAHAN Portal, E-Mobility+ Research

ELECTRIC(BOV)

E4W % Sales 4.2%

210196

E3W % Sales 33.8% E2W % Sales 62%

210196 210196

Top 10 E2W OEM April May 2022 Source : VAHAN Portal, E-Mobility+ Research

April OLA ELECTRIC TECHNOLOGIES PVT LTD

12,702

Top 10 E3W OEM April May 2022 Source : VAHAN Portal, E-Mobility+ Research

April

May 9,239

YC ELECTRIC VEHICLE

May 2,045

1,885

ATUL AUTO LTD

1,311

1,367

SAERA ELECTRIC AUTO PVT LTD

1,171

1,147

MAHINDRA REVA ELECTRIC VEHICLES PVT LTD

1,078

1,075

LECTRIX EV PVT LTD

963

1,021

CHAMPION POLY PLAST

920

940

JITENDRA NEW EV-TECH PVT. LTD

916

770

636

DILLI ELECTRIC AUTO PVT LTD

813

752

820

792

BEST WAY AGENCIES PVT LTD

716

745

548

546

695

636

GOREEN E-MOBILITY PVT LTD MEW ELECTRICALS LIMITED

441

364

OKINAWA AUTOTECH PVT LTD

11,011

HERO ELECTRIC VEHICLES PVT. LTD

6,579

2,850

PUR ENERGY PVT LTD

1,757

1,466

BMW INDIA PVT LTD

1,467

1,209

REVOLT INTELLICORP PVT LTD

1,240

1,585

LECTRIX EV PVT LTD

963

745

JITENDRA NEW EV-TECH PVT. LTD

916

BEING INDIA ENERGY AND TECHNOLOGY PVT LTD

April Highest

9,302

May Highest

UNIQUE INTERNATIONAL

April Highest

May Highest

OPINION KNOW HOW LOGISTIC INDUSTRY CAN HAVE A

UDHAYA KUMAR V SENIOR ASSOCIATE, CSTEP

DR. PRATIMA SINGH RESEARCH SCIENTIST, CSTEP

How extending easy finance to the logistic industry can have a lion’s share in EV EVOLUTION? The adoption of electric vehicles (EVs) in India has grown significantly over the last few years. There is a three-time jump in EV sales in 2022 compared to 2021. More than 90% of the EVs sold are either two-wheelers or threewheelers. The growth in EV sales could mainly be attributed to policies, such as production-based incentives and the FAME scheme. However, we are still way behind the Government’s target of achieving 70% of all new commercial vehicles and 80% of all two-wheeler and three-wheeler sales to be electric by 2030. Currently, EVs account for only 3% of the total vehicle sales.

A key industry that could influence the EV revolution is the logistics industry. The logistics industry contributes around 14% of the total GDP and relies heavily on road transport (59% of the total freight movement).

Given that around 53% of the total delivery cost is spent on last-mile deliveries, it makes economic sense for logistics companies to switch to EVs. The total cost of ownership (TCO) of EVs is less compared to diesel/petrol alternatives in the long run, and there are no tailpipe emissions. Therefore, increasing the number of EVs in their fleet will increase economic benefits and reduce green tax and carbon footprint for logistics companies.

| INDIA

Building a support infrastructure and purchasing vehicles are two key components of EV adoption. With infrastructure networks yet to reach 100% coverage and battery swapping technologies still under development, fleet operators would need to spend heavily on the capital cost to build the supporting infrastructure. To address this problem, several e-commerce giants have partnered with EV start -ups and are providing training and necessary infrastructure as a service. To add EVs to their fleet, a few operators are partnering with manufacturers to source vehicles in bulk. They are also requesting delivery partners to procure vehicles for their fleet. Easy financing could play a major role in this transition.

At present, financing options provided by financing institutions to buy EVs are limited, and interest rates are very high (more than 20% for e-2-wheelers) compared to internal combustion engine vehicles.

Finance providers cite low asset value, fewer resale options, and manufacturer and technology risks for the high-interest rates. The problem gets aggravated when riders of logistics companies opt for EV loans. These individuals invariably do not have a strong credit history, further increasing interest rates. There are even instances where the collateral is asked from them for issuing loans. The NITI Aayog has suggested many interventions to overcome these problems, such as priority sector lending (banks to provide a certain percentage of loans for purchasing EVs) and interest rate subvention (government bears a certain portion of the interest component).

Additionally, to make financing options attractive for financing institutions, risks need to be reduced/distributed on two fronts: the ability of the delivery partner to repay dues and problems associated with EVs. These issues could be solved by requesting warranties from original equipment manufacturers and partnering with fleet operators who could provide assurances that these vehicles or delivery partners would be allocated a minimum number of rides per month. This would enable delivery partners to pay dues on time.

These assurances would also help reduce the risk of defaulting for lending institutions, thereby reducing interest rates. The reduction in interest rates would further reduce the TCO of EVs, making them a more attractive option for fleet operators and delivery partners.

The pandemic has changed the purchasing behavior of consumers significantly, and demand for logistics and hyperlocal deliveries is expected to grow significantly. This could play a significant role in the EV revolution in India. Financing should not be a roadblock to the growth of the sector. More financing options focused on EVs and logistics companies are crucial to this growth.

APR-MAY ISSUE 2022 | PG 29

OPINION

ANAND RM CONSULTANT, COUNCIL ON ENERGY, ENVIRONMENT AND WATER (CEEW)

SAMRADH SINGH CHAUHAN RESEARCH ANALYST, COUNCIL ON ENERGY, ENVIRONMENT AND WATER (CEEW)

In the financial year 2021-22, India imported USD 105.87 billion worth of crude oil which contributed to around 60% of India’s trade deficit.

India’s transport sector consumes the majority of diesel and petrol, and transportation costs account for almost 14% of the country’s Gross Domestic Product. Freight charges and corresponding commodity costs in India are almost always impacted in the event of external shocks in the global crude oil market, like the Russian invasion of Ukraine. Import dependence on crude has repeatedly exposed India’s policies to foreign influence. A reduction in crude oil consumption is essential for India’s energy security. It will also help insulate Indian consumers from external shocks emanating from developments in the global petroleum market.

Enhanced electric vehicle adoption in the road transport sector combined with increased availability of public transportation supply can significantly address the problems of energy security and lower transport costs. A CEEW analysis shows that a 30% penetration of EVs by 2030 will lead to a 15% reduction in oil import bills and result in savings worth 14.39 billion USD crude oil import bill. This impact can be enhanced by another 30% reduction in 2030 in a high public transport scenario. The impact of EVs on energy security can be doubled by simultaneously improving public transport.

| INDIA

EV transition also comes with some additional benefits. For instance, If EVs could form 30% of new vehicle sales then it could lead to the mitigation of 16MtCO2 GHG emissions. It will also lead to an 18% reduction in carbon monoxide (CO) emissions and a 17% reduction in Nitrous Oxide (NOx) and Particulate Matter (PM) emissions. The study also found that about 1.2 lakh jobs and 2.1 lakh crore value add can be generated in EV powertrain manufacturing alone.

Improved EV penetration and reduced oil dependence come with a few negative trade-offs too, such as an expected value-add loss of INR 90,174 crore in the oil production sector and INR 98,027 crore in the ICE powertrain manufacturing and development industry. Also, there will be a 1.6 lakh crore job loss in the oil production and ICE powertrain manufacturing sector in a scenario where EVs comprise 30% of the total new vehicle sales. Central and state governments would stand to lose INR 1.1 Lakh crore in revenue from reduced excise duty and value-added tax (VAT) on the sale of petrol and diesel.

Policy action aimed at enhancing energy security should also simultaneously plan for managing trade-offs from the transition. For effectively achieving EV transition, segment-wise zero-emission vehicle (ZEV) sales targets and mandates must be charted. A specific focus on efficiency improvement in Heavy-Duty Vehicles (HDV) can contribute significantly to reducing oil demand. A national bus program focused on revamping and expanding India’s public transport fleet is crucial for reducing oil dependence.

Additional jobs can be created in battery recycling, construction of Giga factories, electricity sale, and associated infrastructure development projects.

Charging infrastructure installation and operation also have a high potential for job creation. Skill development programs with a long-term vision are required to cater to the evolving industry requirement. Many direct and indirect jobs could be created in telematics products and services. Revenue loss for the center and state governments could also be managed through planning for alternative and sustainable road taxation, like distance-based tax, wherein citizens would be charged based on the distance traveled on a road or highway.

Localization of the EV supply chain can further improve the value-added from EV production.

India’s transition to sustainable road transport is expected to meet multiple impediments. Meticulous planning, effective collaboration between private and public sector companies, and timely implementation of policies could help accelerate EV adoption in both personal and public transport and help reduce the burden on the public exchequer.

APR-MAY ISSUE 2022 | PG 30

OPINION LOCALIZATION POWERING

HEMAL N. THAKKAR DIRECTOR - TRANSPORT, LOGISTICS & MOBILITY, CRISIL

The adoption of electric vehicles (EVs) in India is blazing a fiery trail as we speak. Penetration zoomed last fiscal, particularly in three segments — in three-wheelers to near 5% from just 1.1% the previous fiscal; in buses to almost 4%; and in two-wheelers to 2%.

The shift draws power from the huge thrust to sustainability from crises such as climate change events and the ongoing pandemic, as well as the government’s all-out efforts to encourage and incentivize the production and offtake of EVs through subsidies.

In the case of e-two-wheelers, enhancement of subsidy has coincided with a spike in petrol prices to above Rs 100 per liter in several districts in India, which provided an impetus to electrification.

The focus on local manufacturing, however, is making a real difference. Schemes such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME I and II), for instance, have been the backbone of EV adoption.

The Phased Manufacturing Programme and the Production-Linked Incentive (PLI) scheme for auto and advanced chemistry cells will drive localization in India, which will not only help reduce costs but also make our EVs and components more competitive in export markets. CRISIL estimates indicate PLI alone will reduce the cost of vehicles by 8-12% over the next 2-5 years.

The recently announced draft policy of battery swapping will also be beneficial for segments such as e-three-wheelers. It is likely to give rise to new business models such as battery as a service and mobility as a service.

To be sure, the battery pack and battery management system are the heart of the EV — just as the engine is in the case of an internal combustion engine vehicle.

To be sure, the battery pack and battery management system are the heart of the EV — just as the engine is in the case of an internal combustion engine vehicle.

| INDIA

India’s dependence on imports of battery cells is high and would continue to be so. However, the government has set up a joint venture, Khanij Bidesh India Ltd, which will ensure seamless access to basic raw materials required for cell manufacturing.

India is also taking steps to reduce its dependence on China for critical minerals (such as lithium, cobalt, and vanadium) that are used in the manufacture of mobile phones, electric cars, solar panels, and other hi-tech applications. Towards this end, India recently tied up with Australia’s Critical Minerals Facilitation Office to establish a framework for joint investments in Australian projects to mine these minerals.

Further, India, Australia, and Japan have a working group on creating resilient supply chains that focus on critical minerals.

In traction motor, controller, and DC-DC converter, India has been able to achieve localization to a significant extent. We expect over the next 3-5 years EV production in the country to reach nearly 80% localization.

Also, there are many players looking at alternative materials to drive clean energy transition, by making huge commitments to sodium batteries and hydrogen.

Complementing all these efforts, several states have also announced schemes to give a fillip to EVs. As things stand, therefore, a spirited EV adoption appears inevitable. Indeed, given the current schemes and pace of investments, India could well emerge as an EV hub in years to come. And though several challenges remain, India’s share in the global automotive components trade could increase manifold from less than 1% ($15 billion) today.

APR-MAY ISSUE 2022 | PG 31

OPINION

ELECTRIC VEHICLES IN INDIA: "HERALDING A NEW ERA OF MOBILITY"

Government data shows an overall 67% growth in all-India electric vehicle sales, with the two-wheeler and the three-wheeler EV segments observing a substantial rise – at 59% and 136%, respectively. On the other hand, electric four-wheelers and buses saw 54% and 119% growth rates over the last decade, but absolute numbers are still less than the E2W and the E3W segments.

N. MOHAN DY. GENERAL MANAGER (HEAD-EVCI), CONVERGENCE ENERGY SERVICES LIMITED (A WHOLLY OWNED SUBSIDIARY OF EESL)

India's rapidly growing economy, coupled with recent policy interventions and rising consumer awareness, has heralded the beginning of the country's electric mobility era.

Still, in a nascent stage, the Indian EV sector is witnessing an upward trajectory with the potential to realize EV sales penetration of 30% of private cars, 70% of commercial cars, 40% of buses, and 80% of two and three-wheelers by 2030.

All India Electric Vehicles past decade sales data- Vehicle segment wise

It is important to note a few significant factors affecting EV sales in India in comprehending this data. For two-wheelers, a key enabler driving sales up is the presence of a large number of Original Equipment Manufacturers (OEMs) in the market, with a wide range of companies – from Bajaj Auto to TVS Motor – offering a variety of models.

Customer awareness has also remained relatively high due to considerable interest in this segment.

Moreover, rising fuel prices have triggered many consumers to consider opting for E-2Ws. These have a better total cost of ownership than their Internal Combustion Engine (ICE) alternatives.

450000 400000 350000 300000 250000 200000 150000 100000 50000 0

2013

2014

2015

| INDIA

2016

2017

2018

2019

2020

2021

2022*

For two-wheelers, a key enabler driving sales up is the presence of a large number of Original Equipment Manufacturers (OEMs) in the market, with a wide range of companies – from Bajaj Auto to TVS Motor – offering a variety of models.

APR-MAY ISSUE 2022 | PG 32

OPINION EV SALES PENETRATION 2030 as per govt. of India vision

Government data shows an overall 67% growth in all-India electric vehicle sales, with the twowheeler and the threewheeler EV segments observing a substantial rise – at 59% and 136%, respectively.

Electric four-wheelers and buses saw 54% and 119% growth rates over the last decade, but absolute numbers are still less than the E2W and the E3W segments.

30%

PRIVATE CAR

70%

COMMERCIAL CARS

40%

BUSES

80%

2 & 3-WHEELERS

Barriers to Overcome

The Right Steps

While Indians are steadily plugging into electric vehicles, the comparatively higher upfront costs and range anxiety or the fear of running out of power on a journey are a major stumbling block to greater EV adoption.

The MHI has also approved 20 applicants under the "Champion OEM incentive", aiming to raise as much as Rs 45,016 crore at up to 18% incentive in sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India over the next five years. Champion OEMs in the E-2W and E-3W segments include major names such as Bajaj Auto, Hero MotoCorp, Piaggio Vehicles, and TVS Motor. In the E-4W and heavy vehicle segments, Champion OEM applicants that have been approved include Ford India, Hyundai, Kia, Mahindra & Mahindra, Tata, Suzuki, and Ashok Leyland, and many other names. There has also been considerable interest from new nonautomotive investors in delving into this segment. Some of the applicants approved by the ministry include Axis Clean Mobility, Ola Electric, Powerhaul Vehicle, and Hop Electric.

The government has also approved the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage, with a budgetary outlay of Rs 18,100 crore. It aims to enhance India's manufacturing capabilities to 50 GWh. Automotive companies like Hyundai Global Motors, Ola Electric Mobility, Reliance New Energy Solar, and Rajesh Exports have been selected to achieve the 50 GWh manufacturing capability.

Despite being less expensive to operate and better for the environment, EVs tend to be a less appealing alternative to the common Indian buyer because of being costlier than the internal combustion engine (ICE) vehicles.

Regarding electric two-wheelers, which range between Rs 50,000 to 1,40,000 (depending on the model), customers tend to be wary of the mileage promised by EV manufacturers. While the fact remains that electric vehicles have a relatively lower running cost than their fuel-run alternatives, this anxiety over range has remained a constant impediment affecting EV sales across almost all segments.

High customer awareness, a wide variety of models on offer, and mega players such as Mahindra and Piaggio make the Indian electric threewheeler segment attractive. Still, here too, the higher cost factor comes as a major roadblock. Moreover, the lack of adequate financing and a relatively lower loading capacity than their ICE counterparts also hinder the sales.

In the case of electric four-wheelers, growing consumer consciousness about the environment has recently provided a positive stimulus, are driving sales up. However, the significant disparity in EV upfront prices coupled with range anxiety and the limited number of OEMs and available models have been major impediments. Besides, the limited financing options and the absence of a proper service network across the country also tend to impact a buyer's preference for EVs over ICE cars.

The burgeoning electric buses market in India, too, faces a few hindrances that include a significant lack of cost competitiveness vis-àvis their ICE alternatives and limited participation by private players. At the same time, the financial health of public transport authorities also remains poor.

Addressing all these challenges, policy intervention on the part of the central government has played a key role in generating an overall positive environment for EV sales in the last decade. The Ministry of Heavy Industries (MHI), for example, approved Phase II of the FAME India Scheme in 2019, under the National Mission on Electric Mobility, laying out Rs 10,000 crore to generate demand by way of supporting e2W and e-3W vehicles, e-4W passenger cars (including strong hybrid models), and E-Buses. Central financial incentives such as FAME-II, accompanied by government support at the state level, have gone a long way in bringing a semblance of parity in the total operating cost of electric vehicles to their ICE alternatives.

| INDIA

Providing a further boost to the EV scenario, the Ministry of Power revised its consolidated guidelines and standard operating protocols, under which setting up an EV Public Charging Station (PCS) has been made a de-licensed activity. Any individual or entity can now freely set up charging stations provided the government's technical, safety, and performance standards are met and tested by a NABL-accredited agency or lab. Under the new protocols, at least one Electric Vehicle Supply Equipment (EVSE) facility should be in a 3km x 3km grid and every 25 km interval on both sides of highways or roads. The guidelines state that there should also be available a fast-charging EVSE station every 100 km for the benefit of long-range or heavy-duty EVs. However, it is acknowledged that perennial infrastructure needs need to be addressed, a key part of which is land aggregation. Keeping this in mind, government guidelines have laid down provisions for land partnership on a revenue-sharing basis with a floor price of Rs 1 per kWh, and the model revenue-sharing agreement in this regard has also been issued.

If the electric vehicle sector is to spread its wings in India, a few pressing demands need to be addressed. These include the development of exclusive large charging hubs in cities for EVs and making hybrid arrangements for commercial EVs for parking and charging needs. There is also a need to ramp up distribution infrastructure and develop multiCPO partnership models for charging points — for all types of slow/fast/battery swapping and set up quick charging points across cities at strategic locations based on demand. Because the roll-out of EV Public Charging Infrastructure has been made a national priority in India and the positive sales data of the last decade, there is reason to believe that the electric vehicle segment is soon to flourish in India.

APR-MAY ISSUE 2022 | PG 33

OPINION

DR. PARVEEN KUMAR SENIOR PROGRAM MANAGERELECTRIC MOBILITY, CITIES PROGRAM, WRI INDIA

YASH KHANDELWAL CONSULTANT-ELECTRIC MOBILITY, WRI INDIA

Batteries are critical components of Electric Vehicles (EVs), constituting 40-50% of their final costs. The EV sector in India is transitioning from the Lead-acid Battery (LAB) powered vehicles to Lithium-ion Battery (LIB) variants owing to their high range and fast-charging capabilities. With raw material criticality and supply vulnerability due to geographical concentration of raw materials, upscaling the LIB manufacturing can restrain their global supply-especially for countries like India which mainly depend on imports. Hence, to reduce this import dependence, the government on one hand is incentivizing domestic manufacturing of LIBs under the Production Linked Incentives (PLI) scheme and looking out for potential battery technologies for the diversification process in the EV and stationary energy storage sectors on the other. One of such technologies which can emerge as an alternative to LIBs is Metal-Air Batteries (MABs).

Development of Metal-air batteries Metal air batteries (MABs) - amongst other novel battery technologiescould become potential alternatives to LIBs. They are composed of a metal anode like Lithium (Li), Aluminum (Al), and Zinc (Zn); an air cathode, and a suitable electrolyte. Amongst all MABs, Al-air Battery (AABs) is emerging as a promising candidate for the Indian EV market.

The anode for these batteries is made up of

| INDIA

aluminum of which India holds the fifth-largest ore (bauxite) reserve base in the world. Moreover, air cathode and sodium/potassium hydroxide electrolytes are all readily manufactured in the country.

AABs have a high theoretical specific energy of 8,146 Wh/kg- about 330 times higher than LIBs. These batteries are significantly lighter and better performing than comparable LIB since a 100kg AAB can give up to 3000 km driving range while a 270kg LIB gives 160 km. A study suggests that the Should Be Cost (SBC) of the AAB pack for a sedan car (e.g. Mahindra e-Verito) is ~65% less than the equivalent LIB pack indicating economical manufacturing of this battery. After including recycling costs, the operational cost of an AAB-powered (Rs 2.17/km) vehicle becomes higher than LIB-powered (Rs 1.27/km) vehicle, but it is far lower compared to their ICE counterparts like gasoline (Rs 3.95/km) and diesel (Rs 3.27/km) powered vehicles.

Besides being economical, AABs have a better environmental impact than LIBs. Across their life cycle, LIBs have 1.87 times higher greenhouse gas emissions than AABs. Moreover, after their end of life, the drained AABs can be easily replaced in about 6 minutes and the consumed aluminum plates can easily be recycled using a welldeveloped recycling system. Additionally, the initial battery testing has flagged their relative safety and non-toxic nature.

Improving the AAB technology The AAB technology needs to develop further to compete in the battery market. Despite higher theoretical energy density, the reported figures are much lower as the susceptibility of aluminum to corrosion from air and water is very high. The corrosion not only reduces battery life but also produces alumina whose accumulation reduces energy density.

Various researches like using oil displacement between electrode and electrolyte are underway to reduce this corrosion rate for improving the practical energy density. Early estimates suggest that achievable energy density for these batteries could vary from 77–2300 Wh/kg.

The non-rechargeability of AAB is another challenge for the end-users.

Regular removal of alumina precipitates; battery swapping and the limited availability of swapping stations make these batteries a less preferred alternative. Therefore, to make their batteries commercially competent, manufacturing companies are testing hybrid battery options for xEVs, where a small LIB is attached to a big AAB for increasing its driving range and efficiency.

APR-MAY ISSUE 2022 | PG 34

OPINION The EV sector in India is transitioning from the Lead-acid Battery (LAB) powered vehicles to Lithium-ion Battery (LIB) variants owing to their high range and fast-charging capabilities.

Prospects of domestic disruption with Aluminum-air AABs have gained much attention around the globe over the past few years. For on-road transportation, Phinergy- an Israeli Al-air manufacturerhas made promising claims of testing AAB as a range extender to extend the driving range by 1600 km in the Citroen City 1 EV. Holding big manufacturers like Phinergy and Renault-Nissan, Europe is set to become a global leader in the Al-battery market. Moreover, the battery chemistry is being considered a possible option for leading electrification in commercial air travel.

Indian industries have also shown an inclination toward these batteries for diversification. Indian Oil Corporation(IOC) has collaborated with Phinergy to construct an AAB plant in India. The corporation owns thousands of fuel pump stations that could be developed into battery swap stations in the future. Furthermore, leading motor companies like Ashok Leyland for buses, Tata motors for 4-Wheelers, and Mahindra for 3-Wheelers have signed MoUs to test and develop AAB-driven models for vehicles. In addition to these major vehicle manufacturers, Indian start-ups like Log 9 materials are working on popularizing Al-fuel cells to accelerate the production of these batteries in India.

Despite the increasing interest, AAB is yet-to-commercialized chemistry, therefore the Indian companies must target EV segments that can capture their promising features. For instance, the light commercial vehicles (LCV)- key for last-mile delivery by urban freightcan observe a shift towards electrification with increasing fossil fuel prices and reducing EV manufacturing costs. The lighter and high range AAB could emerge as superior alternatives to LIBs whose payload capacity due to the weight of the batteries increases the Total Cost of Ownership (TCO) per ton of the EV. The recently introduced draft battery swapping policy which promotes the ‘Battery as a Service’ business model has provisions like increasing the number of swapping stations and mandating end-oflife battery recycling in India. Since AABs too require regular battery swapping, the policy implementation can aid in their commercialization as well.

Summary & Way Forward The fast adoption of LIBs in the EV sector brings multiple challenges in maintaining a sustainable supply chain. AABs are developing nonrechargeable battery technology with their high energy density can lead the battery chemistry diversification and disrupt the Indian emobility market. Though the technology is promising, it needs technological up-gradation and advanced battery swapping infrastructure for successful commercialization.

Metal air batteries (MABs) - amongst other novel battery technologies- could become potential alternatives to LIBs. They are composed of a metal anode like Lithium (Li), Aluminum (Al), and Zinc (Zn); an air cathode, and a suitable electrolyte.

| INDIA

APR-MAY ISSUE 2022 | PG 35

OPINION ADDITION OF ~48,000 EV CHARGERS EXPECTED OVER THE NEXT 3-4 YEARS AT AN INVESTMENT OF ~RS. 14,000 CRORE

IN

14,000

V

ES

VICE PRESIDENT & SECTOR HEAD - CORPORATE RATINGS, ICRA LIMITED

Healthy electric vehicle (EV) penetration in India over the next five years, especially in the e-2W, e-3W, and e-bus segments. The penetration of e-2Ws is expected to be at about 13-15% of new vehicle sales by FY2025. Likewise, the e-3W and e-bus segment penetrations are expected to be greater than 30% and about 8-10% of new vehicle sales respectively by FY2025. However, in order to achieve healthy EV penetration, expansion of charging infrastructure will play a critical role.

India remains a laggard in EV charging infrastructure penetration.

Currently, there are only less than 2,000 public charging stations in India with a concentration in a few states and that too primarily in urban areas. However, like most global counterparts, the policy push has been strong in India as well, to increase the number of EV charging stations. In order to increase the EV charging network, the Government of India (GoI) has allocated a total outlay of Rs. 1,300 crore for the same in the FAME scheme. Further, the GoI has proactively amended guidelines for charging infrastructure development in the country. This apart, several states have also subsidized electricity procurement tariffs for EV charging stations. To capitalize on the potential opportunity in the space, several PSUs and private players have also announced plans to foray into charging infrastructure. An addition of ~48,000 chargers over the next 3-4 years is expected at an investment of ~Rs. 14,000 crore.

T

MS. VINUTAA S

EN

SENIOR VICE PRESIDENT & GROUP HEAD - CORPORATE RATINGS, ICRA LIMITED

TM

MR. SHAMSHER DEWAN

However, the EV charging infrastructure business is capital intensive. Even excluding land, the initial upfront cost is approximately Rs. 29 lakhs, without subsidy. This apart, the operating costs are over Rs. 10 lakh/year, thus making asset utilization critical. ICRA estimates that it would take about 4 years for an EV charging station to break even based on current expectations of EV penetration and commensurate asset utilization (30% in 4 years), without accounting for any subsidy. The localization is only 1015% currently, with the hardware components largely imported from China and Taiwan.

Battery-swapping is an alternative solution to developing EV charging infrastructure, especially for commercial applications. While this is also currently in nascent stages in India, battery swapping is advantageous – it is a quick way of recharging a vehicle and is cost and time-efficient.

It reduces the upfront cost of EVs, as battery ownership is replaced by battery leasing. There is increased predictability of battery life due to controlled charging conditions as well. However, ensuring interoperability, adequate financing availability, and maintaining sufficient battery inventory can prove to be challenging.

In the Union Budget for FY2023, the Government of India announced plans to introduce a battery swapping policy and interoperability standards, with the intent of building and improving the efficiency of the battery swapping ecosystem, thereby driving EV adoption. Subsequently, NITI Aayog has released draft battery swapping guidelines recently. It is a step in the right direction and provides guidance on multiple areas including interoperability, traceability and data sharing, business models, fiscal support, grievance redressal, battery reuse, and recycling and implementation of battery swapping stations. While the battery quality and standards could improve financing, the extent of funding penetration remains to be seen.

Overall, this is a space where there will be a lot of action happening in the next few years, given the conducive policy environment and proposed investment activity.

In order to increase the EV charging network, the Government of India (GoI) has allocated a total outlay of Rs. 1,300 crore for the same in the FAME scheme.

Further, the GoI has proactively amended guidelines for charging infrastructure development in the country.

| INDIA

E-2Ws is expected to be at about 13-15% of new vehicle sales by FY2025

E-3W and E-bus segment penetrations are expected to be greater than 30% and about 8-10% of new vehicle sales respectively by FY2025.

APR-MAY ISSUE 2022 | PG 36

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RECOGNIZING & HONORING

EV KARNATAKA STATE SUMMIT

AWARDS

2022

EMobility+ set the stage to honor and award some of the finest achievers in the EV Sector. This year the ‘EV State Summit Awards 2022’ became grander with the presence of the industry leaders and contributors of the EV Sector in Karnataka and Maharashtra. To make the events more graceful we had invited Shri. V. Krishnappa, Managing Director, Power Company Of Karnataka Limited, Shri. Prasad T. Reshme, Director(Projects), Maharashtra State Electricity Distribution Company Limited, and Mr. HP Srivastava, ViceChairman, Deccan Chamber of Commerce Industries DCCIA, Pune as our Guests of Honor to present the awards.

Unveiling the proud winners: Honorary Awards: Outstanding Contribution to the Development of the E-Mobility Sector in Karnataka Shri. V. Krishnappa, Managing Director, Power Company Of Karnataka Limited Mr. Nagesh Basavanhalli, Group CEO & Managing Director, Greaves Cotton Limited

Business Leadership: Green Mobility Innovations Dassault Systèmes Dassault enables mobility innovators to accelerate innovations to market at a competitive cost and optimal quality, on Cloud or on Premise. Its Electro Mobility Accelerator enables both new mobility innovators and industry-leading OEMs to imagine, develop and industrialize new electric mobility concepts within a comprehensive collaborative environment. It collaborates to design and validate global innovation more quickly and Enables productivity and efficiency for newly created teams.

Business Leadership: Electric Fleets - Lithium urban Technologies Private Limited Lithium is a pioneer in sustainable urban mobility, operating the most productive electric vehicle fleet globally. It is India's first zero-emission transport service, with its fleet of Electric Vehicles and trained, certified drivers. The company currently runs a fleet of 400 vehicles that drive approximately 300 kilometers per day, saving 2.5 million kilometers of carbon dioxide-emitting driving per month.

Business Leadership: Charging Infrastructure Arushi Green Energy (India) Pvt Ltd Arushi offers a complete range of charging stations for the evehicles of today and tomorrow.

With more than 45 years of experience in the power electronics sector and 3 decades in renewable energies, they have used their expertise to design a range of e-vehicle charging stations, available in AC and DC. This range supports all types of charging powers and installation types, from rapid charging points to opportunity charging on a public road, including charging at shopping and leisure centers, the workplace, hotels, car parks, and fleets.

Business Leadership: Research & Development Epsilon Advanced Materials Pvt. Ltd (EAMPL) Epsilon hit a number of milestones in 2021-22. This includes signing two major supply agreements worth USD 40 Million with customers, initiating the qualification process for anode materials with some of the largest battery manufacturers in the world and with some of the clients in Bangalore who have been rewarded in the ACC PLI scheme, entering into our first MoU with a battery cell manufacturer, extending their in-house R&D and battery making facilities in Bellary, Karnataka, developing, and extending the product portfolio and obtaining their first process patent.

Business Leadership: Manufacturing - Cygni Energy Private Limited The winning company is India's leading storage technology company with cutting-edge expertise in EV Batteries (2W & 3W) and Energy Storage Systems having deployed over 125MWh of storage solutions. The current capacity of manufacturing is 250MWh with 10,000 batteries per month. All machines are portable for easy installation and shifting and are scalable in the future with common software integration.

State Champions: Technology Enabler - Bosch Limited The co’s Mobility Cloud Platform has all the building blocks & services that any startup, SME, or enterprise operating in the EV domain needs to build IoT-enabled mobility solutions or digital transformation. It allows them to focus on their key features and differentiators whilst leveraging the expertise of the company for building their digital products rapidly and in a cost-optimized manner. It also helps them achieve economies of scale, leverage the technical & business collaboration opportunities in our ecosystem, and benefit from a newer approach to problem-solving.

State Champions: Smart Innovation (Battery Technology) - Log9 Materials Scientific Private Limited Log9 has taken many innovative initiatives in the state of Karnataka toward the increased adoption of EVs resulting in a cleaner environment. It has Launched insta charging battery technology (RapidX) for intracity commercial vehicles which can be charged in <15 min for 2W and 30 min for 3W and offers a life of >15 years with exceptional safety aspects. Telematics has been provided to evaluate the daily charging/discharging cycles of the batteries, the health of the batteries, and the daily activities of the vehicle.

EM+ AWARDS State Champions: Smart Innovation (Technology Platform) - MoEVing

Clean Mobility Leadership: Visionary- Mr. Ravin Mirchandani, Chairman, QUENCH Pvt Ltd

MoEVing is the only full-stack mobility tech platform bringing the whole EV ecosystem together in India to drive EV adoption, starting with revolutionizing the commercial vehicle space. It is India's first technology platform focused on developing the EV ecosystem with data at the center of its strategy. The 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.

Mr. Mirchandani is a business leader with an extensive background in international development and management experience in the energy, defense, telecom, and industrial gas sectors. His unique experiments of adding social responsibility as a value metric along with profits and productivity in the sector have been well appreciated by the EMobility industry. He strongly believes that if you work in sectors that fire your passion, eventually one is bound to find the success that we all aspire to.

State Champions: New State Initiative - Epsilon Advanced Materials Pvt. Ltd (EAMPL) Epsilon is the world's only backward integrated manufacturer of carbon-based anode materials for the global Lithium-Ion Battery industry. A significant development and expansion project was undertaken for setting up an anode materials production facility near the existing pilot facility in Bellary, Karnataka for active anode material production. The company also developed and released in record time-specific anode material grades targeting specific end applications which have been appreciated by their customers.

Green Mobility Champions: Corporate Adopter eWheelers Mobility Solutions Pvt Ltd eWheelers is building a technology-driven Mobility Marketplace enabling EV Brands speedy go-to-market, enhanced order fulfillment capabilities, and better customer experience. It has onboarded more than 3000 Digital Dealers to sell eBikes online and more than 10000 EV Mechanics networks pan India. It has opened 25 Experience Studios with the brand name “eBIKE STUDIO” to provide a physical experience to customers before buying eBIKE in 13 States.

Green Mobility Champions: Zero Emissions Initiative - iGowise Mobility Private Limited iGowise has developed TieTran Rove, a last-mile mobility solution as a new-age Intelligent Electric micro Transit with world-class APM Standards. It is a solution to expedite autonomous vehicle deployment for on-demand in-campus and last-mile transit, a Solar Powered/battery-operated Electric Robotic Vehicles (ROVEs) on dedicated secured elevated pathways. They are conducting trials over 430m in length with three boarding/deboarding points test facilities at Bangalore.

Green Mobility Champions: Intelligent Applications - Nesh LIVE Nesh is a leading provider of full-stack vehicle connectivity solutions to automotive manufacturers. The solution allows OEMs to collect and send data to the cloud for further processing for analytics and reports about engine health and driver behavior. The platform has clocked 2 billion driven miles across 100,000 vehicles which is a testament to the solution’s security, robustness, and scalability. The platform currently processes 3 billion data points each month, with its machine learning algorithms working against 50 billion data points at any time.

Clean Mobility Leadership: Business Leader - Mr. Manoj Kumar PB, Executive Director & CEO, Arushi Green Energy (India) Pvt. Ltd. Mr. Kumar has been involved with every spectrum of clean energy systems and brings with him nearly three decades of corporate experience across India and Globally. A passionate environment-friendly engineer and a passion for technology-driven renewable energy solutions and custom engineering brought his expertise synergies with overseas partners for collaboration on various projects. Having served for a period of 25+ years in the corporate world, Mr. Kumar has operated his own consulting firm since 2017 and is now part of this company to explore additional diverse business segments across PAN India and Offshore.

Clean Mobility Leadership: Young Achiever - Ms. Madhumita Agrawal, Co-Founder & CEO, Oben Electric Vehicles Private Limited Ms. Agrawal is a professional with hands-on experience in the EV domain along with the ability to identify opportunities. Backed with a robust Sales & Marketing background, she drives the sales & distribution of the company, along with spearheading fund-raising activities.

She has previously been successful at building a bootstrapped multi-million-dollar revenue company, with thousands of customers globally including Fortune 500 clients. She is the first Indian Woman to build an EV company grounds-up sans any backing from an auto giant or legacy.

Clean Mobility Leadership: Young Influencer - Dr. Akshay Singhal, Founder & CEO, Log9 Materials Scientific Private Limited Dr. Singhal is just 28 years old and an environmentally conscious entrepreneur envisioning developing indigenous advanced technologies to meet electric mobility and clean energy requirements. With his doctorate in nanotechnology and 9 years of research experience, he is instrumental in strategizing the development of the wonder material “Graphene” from lab to large scale production and implementation into realistic products. Under his leadership, more than 30 patents have been filed across various technologies. He has taken initiatives in developing innovative and advanced energy solutions to solve the challenges of climate change. He has successfully raised funding of ~15M USD to date for the company from renowned funding houses.

RECOGNIZING & HONORING

EV MAHARASHTRA STATE SUMMIT

AWARDS

2022

Unveiling the proud winners: Honorary Awards: Outstanding Contribution to the Development of the E-Mobility Sector in Maharashtra Maharashtra State Electricity Distribution Company Limited

Business Leadership: Manufacturing (Battery Materials) - Epsilon Advanced Materials Pvt. Ltd (EAMPL) Epsilon has the vision to develop and manufacture innovative, high-performance, and quality carbon products for anode components of lithium-ion batteries.

Presently they have a commercial capacity of 2500 tons per annum for the pilot plant to be scaled up to 17500 tons per year by end of 2022 for anode precursor material and 500 Metric Ton per year for the anode active material pilot plant to be scaled up to 50,000 Metric ton by 2025.

Business Leadership: Charging Infrastructure goEgoNetwork goEgoNetwork is a leading EV charging infrastructure start-up based out of Pune. Its charging stations are installed in 27 cities across 11 states. All products are manufactured at the Aurangabad facility which has a capacity to deliver 5000 charging stations every month.

The product range includes personal charging stations, 2 & 3-wheeler charging stations, and AC & DC charging stations for 4-wheelers.

Business Leadership: Electric Fleets (E-Buses) - GreenCell Mobility GreenCell is building a platform to provide Electric Mobility-as-a-Service (eMaaS). It was started initially using electric buses and delivering the core value proposition of cheaper non-polluting on-demand shared transportation, charging infrastructure, and enabling products for the emobility value chain. It is the 1st Pan Indian Electric bus coach brand in the B2C space and over 900 buses are running in the country in the B2G space - MSRTC included.

Business Leadership: Insurance & Finance - Gallagher Insurance Brokers Private Limited Gallagher is an independent insurance and risk management consultant working towards bridging the gap and making available tailor-made insurance solutions. They are the first to institute a dedicated E-Mobility Practice in India with an insurance portfolio of more than Rs. 600+ Crore of premium.

They have developed comprehensive Insurance Solutions for not just vehicles exempted from registration but also comprehensive insurance solutions for EV batteries.

Business Leadership: Research & Development Nexzu Mobility Ltd Nexzu has a full-fledged structured team consisting of design, RnD, sourcing, quality, etc. With thorough research, they have designed frames focusing on safety and comfortable drive to enhance customer experience. For Electric cycle they have designed PAS, Walk assist, throttle, and detachable battery with locking facility.

Business Leadership: Green Mobility Innovations Epsilon Advanced Materials Pvt. Ltd (EAMPL) Epsilon is the only company in the world having a fully integrated process for manufacturing synthetic graphite anode material. Indian and global Patent granted for producing inhouse meso coke as a precursor to anode material which is a key process for - Developing multiple grades of anode material for specific applications ranging from ESS to EV. It has developed two specific synthetic and natural graphite grades for EV application.

Business Leadership: Automation & Robotics Jendamark India Pvt Ltd Jendamark has achieved the unique distinction of having both automation and IT experts working together to deliver 1st in class solutions to the Indian Industry. The company has developed a range of flexible, automated assembly solutions for Electric Vehicles to help customers in keeping pace with the changing demands and increase productivity.

Customer's Choice (Electric Cycles) - Nexzu Mobility Ltd Nexzu has launched 5 models in the electric cycles category with a Range of 100 Km on a single charge. Their products are Highly Durable with the best proposition to value for money.

EM+ AWARDS State Champion: Smart Innovation (SaaS Product) Nesh LIVE

New State Initiative (EV Charging Solutions) FIMER

Nesh is a ready-to-deploy technology platform for vehicle manufacturers to collect & transfer vehicle data to the cloud to enable a digital ecosystem powered by data. The solution delivers real-time analytics to OEMs, fleet owners, and end-users with actionable insights to drive safety & efficiencies.

FIMER has been active since 2017 and has over 54,000 charging stations installed globally. In India, the company started EV recently and has installed over 100 charging stations in India.

State Champion: Smart Innovation(DC Fast Chargers) Quench Chargers Quench’s has innovated a world-class DC Fast Charger, designed to charge electric cars and buses to global standards. Proudly made in India, the charger has an intuitive interface making charging your EV simpler than ever imagined before.

State Champion: Technology Enabler - Dassault Systèmes Dassault enables mobility innovators to accelerate innovations to market at a competitive cost and optimal quality, on Cloud or on Premise. The company’s Electro Mobility Accelerator enables both new mobility innovators and industry-leading OEMs to imagine, develop and industrialize new electric mobility concepts within a comprehensive collaborative environment.

Green Mobility Champion: Fleet Electrification (2W) - eBikeGo eBikeGo is India’s leading electric two-wheeler mobility company headquartered in Mumbai offering subscription services across 7 cities in India with a fleet of more than 2000 vehicles on road and 2 cities being in Maharashtra (Mumbai and Pune) with a fleet of more than 800 in these two cities.

Apart from this the issues that the industry is facing with the lack of spares and warranty, they were the first ones to solve these issues in-house with their experiences.

Green Mobility Champion: Zero Emissions Initiative - Nexzu Mobility Ltd Nexzu believes in the Pollution-free and lower operating costs of EVs.This helps in ease of commutation along with the dual purpose for maintaining health and eliminating emission.

Rising Star: Product Innovation - Advandes Design Engineering Services LLP Advandes is an innovation-led multidisciplinary design and engineering company with remarkable experience in delivering end-to-end solutions in New Product Development. The company creates disruptive solutions for the ever-changing market that help businesses grow, adapt, and face challenges.

They offer services in the following domains Automotive, equipment design, medical, and consumer durables.

Clean Mobility Leadership: Visionary - Mr. Vikram Handa, Managing Director, Epsilon Advanced Materials Pvt. Ltd (EAMPL) Mr. Handa is reckoned among the thought leaders in the lithium-ion battery sector and brings positive focus to this sector in India. Under his leadership, the company is poised to become the preferred supplier of India-manufactured synthetic graphite anodes to battery manufacturers and energy storage device companies across the globe.

Clean Mobility Leadership: Outstanding Contributor - Mr. Ashish Gautam- Senior Director, Public Policy, Bounce Share Mr. Ashish is the Senior Director of Bounce Share for Public Policy. An IIM-L alumnus, he is reckoned among the thought leaders in the electric mobility sector for bringing a positive focus on EVs in India.

To know more about our awards visit us at: https://solarquarter.com/studio/

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