Page 3 - Ev Startup News Today

Bikes News: Bengaluru-based EV startup Ultraviolette Automotive will debut a new electric bike at EICMA 2023. The teaser video showcases the bike's sleek design a

Ev Battery Test: Startups are racing to develop tests for certifying the health and performance of used electric vehicle (EV) batteries, as buyers struggle to determine the value of secondhand EVs. Unlike traditional cars, the value of an EV depends largely on the batterys driving range and ability to hold a charge. Companies like Altelium and Aviloo have developed battery tests that can quickly determine battery health, facilitating used EV sales.

The EV company expects to use the proceeds to ramp up deliveries. Fisker earlier this month reiterated its plan to increase deliveries of its flagship Ocean sports utility vehicle to 300 units per day later this year.

The pre-Series A investment round for the premium electric motorcycle startup Raptee totaled $3 million, the company announced on Tuesday. The all-equity funding round led by deep-tech VC fund BlueHill Capital, also saw participation from industry stalwarts as well as HNIs, Raptee said in a statement.

Ather Energy, the electric vehicle company backed by Hero MotoCorp, reported a significant increase in losses for the financial year 2022-23. The companys losses surged more than 2.5 times to reach Rs 864.5 crore, compared to Rs 344.1 crore in the previous year. Despite strong sales, Athers total expenses more than tripled to Rs 2,670.6 crore. The company plans to use the recently raised funds of Rs 900 crore for new product launches and the expansion of its charging infrastructure and retail ne...

EV startups believe that the transition to EVs will happen across multiple segments and that electric trucks will play a key role in reducing emissions. Recycling and sustainable sourcing of lithium-ion batteries are also important considerations. The industry calls for accessible financing options and swappable batteries for last-mile deliveries.

Canoos loss narrowed to USD 70.9 million in the second quarter from USD 164.4 million a year earlier. On an adjusted basis, the company lost 14 cents per share, compared with estimates of a loss of 19 cents, according to Refinitiv data.

According to Exponent, its energy stack addresses two key problems that, for decades, prevented rapid charging on LFP cells – Lithium plating and Extreme heat.

​​In a statement, the company said the MoU was signed by its chief executive Siddhartha Bagri and Mansour Alsanooni, CEO of Saudi India Venture Studio, on the concluding day of the G20 YEA India Summit 2023 last week.

Nikola, which went public in 2020, produced 33 trucks during the second quarter, compared with 63 trucks in the preceding quarter.