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RITES Limited acquires 13% stake in Elicius Energy Pvt Ltd Posted On: 2020-12-31 00:19:11 (Time Zone: Arizona, USA) The Board of Directors of RITES Limited at their Meeting held on 30 December, 2020, has approved the contribution of Rs. 15730/- towards acquiring the 13% stake i.e. 1573 equity shares of Rs. 10 each of M/s Elicius Energy Pvt. Limited (a startup) and signing of the agreement with it. RITES is supporting the startup in development of tubular PEM Hydrogen Fuel Cell Stack of 500-1000 watt capacity and in order to guide the above developmental project. Elicius Energy Pvt. Ltd. ...

Share this article Share this article ResearchAndMarkets.com's offering. The global electric commercial vehicle market is projected to grow from 129 thousand units in 2020 to reach 2,026 thousand units by 2028, at a CAGR of 41.1%. The advancements in battery pack technologies and electric powertrains are some of the major factors driving the growth of the electric commercial vehicle industry. Many countries are focusing on the electrification of their public transportation fleets. Factors such as a rise in pollution and environmental hazards, stringent government regulations, and stiff compet...