Cygni Energy Private Limited selected as a Winner of ‘Business Leadership: Manufacturing’’ at the EV STATE SUMMIT AWARD Cygni Energy Private Limited has been recognized by global research firm, Tracxn for being a leading Startup of Energy Storage Tech, an award series that recognizes the topmost companies in this space across the globe.
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What are the current market trends influencing the need for battery manufacturing in India?
There are two opportunities in battery manufacturing: one is for electric vehicles (EVs), and the other is for energy storage systems (ESS). Each of them stands alone as a significant portion. The Central FAME-II policy, which provides incentives to the producers of electric vehicles, is the primary demand-side driver for EVs.
Read more : Energy-Storage-Market
The overuse of fossil fuels and extreme reliance on them has depleted our natural resources, leading to the development of renewable energy alternatives. By focusing on reusing, repairing, refurbishing, and recycling, the circular economy functions as a resilient system that will help us tackle global challenges such as pollution, climate change, waste and biodiversity loss.
In its bid to adopt cleaner mobility alternatives, India is incentivizing the adoption of Electric Vehicles (EVs) through subsidies. However, as the demand for EVs and, thus, lithium-ion batteries (LIBs) grows, steps must be taken to ensure proper battery disposal. This is part of India’s mission for a cleaner tomorrow.
Read more : Battery-Waste-Management
India’s electric vehicle revolution is here. Our CEO Venkat Rajaraman explores six trends that are likely to shape the sector’s ongoing growth in the country.
India’s transportation sector is very unique. Unlike most Western countries, Indian drivers predominantly ride on two-wheeled and three-wheeled vehicles like motorcycles, mopeds and auto rickshaws. With over 80% of the vehicles on Indian roads consisting of two-wheelers and three-wheelers
Read more : EV-revolution-trends
The Ministry of Road Transport and Highways (MoRTH) constituted a committee in May 2022 to formulate the safety requirements for traction batteries. It was constituted mainly in the wake of fire incidents in electric vehicles, and this had experts from several renowned institutes, including ARCI, IISc, IIT etc. Based on the committee’s recommendation, MoRTH had proposed amendments to the AIS 156 & AIS 138 Rev 3 standard, which comes into effect in a phase-wise manner from 01-Dec-2022.
Read more : AIS-156 STANDARD
Cygni will use the funds to fuel product development, business growth, grow the engineering division to fast-track the product development cycle and set up a new greenfield manufacturing facility in the state of Telangana.
Read more : Cygni Greenfield Manufacturing
India is in the midst of transition to electric vehicles (EVs). Several think-tanks including NITI Aayog and CEEW have predicted that there would be 80 per cent EV adoption in two wheelers and three wheelers by 2030. Even a conservative estimate predicts that there would be 6 million EVs in India by 2025.
Entrepreneur India Article: Switch To Lithium-ion Battery
The last several months have been tough for the EV industry, specifically the 2-wheeler segment with multiple instances of fire and even a case of explosion in 2 wheelers using Lithium ion (Li-ion) based battery packs.
The reactions from media and “EV experts” have ranged from outright dismissal of the potential of EVs for India’s de-carbonization drive to blaming “sub-standard” cells and materials. The objective of this article is to understand the issue from first principles and discuss the ways in which this can be avoided through design, quality and thorough testing so that the customer safety is given the highest priority.
Motown India Article: EV Fires
A Step In The Right Direction: Venkat Rajaraman Over Latest BIS Standards On EV Batteries | ET Now
The proposed Battery Swapping policy (draft) by the Government of India aims to build a robust ecosystem around the ‘Battery as a service (BaaS)’ model to drive EV adoption. Venkat Rajaraman – CEO at Cygni Energy Private Limited discusses how the Battery Swapping Policy can largely benefit from cutting-edge technology
Read More at: EV Reporter
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