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“At every edge of the value chain, we are seeing innovation equals the recycling ecosystem providers they are now have also emerged. So it is completely evolving. Five years down the road, you will see a totally different connected industry, which hopefully all going well really propels it into sustainable last mile mobility,” says Suman Miishra when talking about the future of last mile mobility.

Currently, the dependence on foreign imports for lithium-ion batteries is a roadblock to delivering cost-efficient EVs to Indian customers. However, falling lithium prices and the discovery of lithium reserves in India have provided hope for lower costs and potential local sourcing. This, along with government initiatives to achieve self-reliance in battery manufacturing, is expected to lower EV costs, reduce import dependency, and make EVs more affordable in India.

Get latest articles and stories on Business at LatestLY. Bengaluru (Karnataka) [India], July 20: The Institution of Engineering and Technology (IET) has opened nominations for the third edition of the IET India Awards 2023. The awards aim to recognise exemplary contributions and breakthrough innovation in engineering and technology across Indian industry, and include specific categories in Mobility, Work-tech and future technologies. Business News | The IET India Awards 2023 Open for Nominations.

Altigreen's neEV Tez powered by Exponent fully charges in 15-minutes. This, along with Exponent’s e-pump network empowers Magenta to unlock unparalleled utilisation, freedom, and flexibility for last-mile logistics, the companies said.

The Bengaluru-based based company raised Rs 300 crore in a Series A fundraising round led by Sixth Sense Ventures in February of last year, , altigreen, EV, startup, funding