Globally there is a fast-paced action plan being implemented by every country, devising unique methods to achieve 17 different SDGs (Sustainable Development Goals), which include Good Health and Well-being, Affordable and Clean Energy, Innovation and Infrastructure, Sustainable Cities and Communities, Responsible Consumption and Production, Climate Action, Partnerships to achieve the Goal, among others.
The transport sector is a major contributor to urban traffic congestion, carbon emissions, air pollution, and related health issues. Electric Vehicles have been recognized as the preferred mobility platform to curb pollution to some extent. EVs will help India reach its 2070 zero carbon emission objective. In order to combat the climate crisis, EV adoption is seen as crucial and a game changer that can help propagate the Climate Tech vertical in multiple ways and make the places we live in much healthier.
The following brands are playing their part in championing climate change action and making net zero goals achievable –
MG Motor
MG Motor is readying for the launch of Smart EV, which it recently christened as ‘Comet’. The ‘Comet’ is here at a time when driving in congested urban cities is becoming a stressful chore that calls for an urgent need for agile and futuristic solutions amidst skyrocketing fuel costs, sparse parking spaces, and increasing pollution. Electric vehicles can help reduce environmental impact, save costs, and offer convenience as well as comfort. The ‘Comet’ goes a step further to achieve this goal by providing seamless mobility, which is connected, automatic, electric, and shared.
MG has taken a long-term vision for future mobility, which was well showcased at the just concluded Auto Expo 2023, which was themed on sustainable, conscious, and innovative technology as part of MG’s vision in India. The company displayed two technologically advanced, high-safety, and zero-emission electric vehicles (EVs) supporting its stance as an Auto-tech brand during the show.
HOP Electric –
HOP Electric has a state-of-art HOP Megaplex in Jaipur. Nurturing its ‘AtmaNirbhar Bharat’ commitments, the brand extended its manufacturing capabilities up to 1.80 lakh units/year to develop ultra-modern ‘Made in India’ electric two-wheelers. HOP Megaplex is currently producing the highly popular HOP LEO, LYF e-scooters, OXO, an indigenously designed & developed hi-speed electric motorcycle and HOP’s generation upgrade of LYF (internally named LYF2.0) will also be produced through this facility.
HOP Megaplex with more than 100 Qualified and skilled workforce is currently producing 100 electric scooters every day. It is installed with a state-of-the-art assembly line, End-of-line testing facility, Lithium Battery, Cell testing capability, and a paint booth.
HOP Electric, found an ideal customer engagement program in the #OXOSNEAKPEEK program, for their flagship high-speed electric motorcycle OXO. HOP OXO within 3 months of launch received an encouraging response garnering more than 10,000+ bookings. At the current pace, the company expects to sell more than 50,000 electric two-wheelers over the next 12 months.
As part of the #OXOSNEAKPEEK program, HOP Electric completed 100,000 km of road testing across 14 Indian states. HOP OXO has been developed indigenously in compliance with FAME II norms. Simultaneously, to address the charging infrastructure challenges and help overcome range anxiety, the company is working on strengthening the pilot HOP Energy Network in Jaipur, which is being rolled out to other parts of the country.
Lohum Cleantech
Founded in 2018, LohumCleantech is India’s biggest integrated lithium-ion battery manufacturer and recycler – a climate technology business working on strategies to hasten the world’s switch to battery power. Lohum has the ability to recycle 100,000 battery packs and additionally accumulate 200,000 two-wheeler battery packs at the facility. By providing batteries with several lives and making sure essential raw materials for batteries survive forever, the brand’s objective is to enable electricity in every corner of the globe. In order to reduce battery prices and enhance global energy security, Lohum maximizes circular sustainability across the supply chain with its battery reuse and recycling capabilities. Lohum has been able to develop the technology and infrastructure necessary to produce, repurpose, and recycle Li-ion batteries with a 300 MWh annual capacity during the past three years.
Revfin Services:
Fuelling India’s “Green Growth” journey towards Net Zero, Revfin, an advanced digital lending platform is playing a focal role in creating a sustainable future for the country and for the EV ecosystem.
Revfin in the last 51 months has financed over 17,118 Electric vehicles. These vehicles are plying in over 200 cities across 16 states of India thereby creating a sustainable future for generations to come – Revfin has already contributed to the reduction of 30486 metric tons of CO2 emission and every single minute this emission abatement is increasing.
(Sameer Aggarwal – founder and CEO of Revfin)
Revfin, India’s No. 1 and Fastest growing EV Finance company has advanced digital lending platform and proprietary digital underwriting capabilities which enables it to underwrite financially excluded and underserved segments in tier 2 and tier 3 cities also. The company aims to finance 2 million electric vehicles in the next 5 years. Revfin has partnerships with more than 650 dealerships across the country and has teamed up with 26 OEMs, including some major ones like Kinetic Green, Yatri, Saarthi, Mayuri, Lectrix, Hero Electric, and Piaggio to expedite the adoption of EVs and create a robust infrastructure for clean mobility.
Godawari Electric Motors:
Launched in July 2019 as GodawariEMobility, Godawari Electric Motors (manufacturer of eblu range of EV products) aims to provide self-employment to millions and reduce the carbon footprint in the country with its state-of-the-art e-mobility solutions. It is the brainchild of Siddharth Agarwal and Mahendra Agrawal and was founded with the vision of providing a non-polluting, sustainable commute by offering a complete range of EV products. What makes Godawari Electric Motors unique is that it is one of the first companies to launch a leasing model in the EV space in India.