Mahindra Electric

Maharashtra CM Eknath Shinde generates $17 billion of investment at WEF

Retrieved on: 
Thursday, January 19, 2023

DAVOS, Switzerland, Jan. 19, 2023 /PRNewswire/ -- The Chief Minister of Maharashtra, Shri Eknath Shinde, concluded his World Economic Forum 2023 (WEF) meetings at Davos, on a successful note, paving the way for accelerated growth for Maharashtra and India.  

Key Points: 
  • Concluding his visit, Shri Shinde said, "It was a highly productive visit, and I am extremely happy with the outcome of my meetings.
  • With these global investments, across key growth sectors spread across the state, we have laid down the foundation for accelerated economic growth of Maharashtra and India.
  • The confidence shown by these global investors have once again reinforced Maharashtra's unique position as the gateway to India.
  • I will continue to lead the state's efforts for rapid economic growth in order to achieve our $1 trillion GDP goal."

Phinergy will present a Tata Motors passenger vehicle prototype, powered by Phinergy's aluminum-air battery, at the largest automobile exhibition in India

Retrieved on: 
Tuesday, November 15, 2022

Tata Motors is one of the leading and largest car manufacturers in the world, with an annual turnover of approx.

Key Points: 
  • Tata Motors is one of the leading and largest car manufacturers in the world, with an annual turnover of approx.
  • Phinergy has set-up a joint company in India with Indian Oil, called IOC Phinergy Private Limited (IOP).
  • The company has also recently demonstrated a 500 km continuous drive powered by aluminum energy on a Mahindra Electric three-wheeler.
  • According to David Mayer, Phinergy's CEO, "At this exhibition we will present for the first time a Tata vehicle powered by Phinergy's energy system.

Global Autonomous Last Mile Delivery Market to Expand at a19% CAGR: States Fact.MR

Retrieved on: 
Wednesday, January 19, 2022

Furthermore, the growth of the e-Commerce business has resulted in improved delivery methods, resulting in better and more efficient product delivery, which is fueling demand for autonomous last mile delivery.

Key Points: 
  • Furthermore, the growth of the e-Commerce business has resulted in improved delivery methods, resulting in better and more efficient product delivery, which is fueling demand for autonomous last mile delivery.
  • In order to avoid the spread of COVID-19, various autonomous last mile delivery services have recently emerged to meet the ongoing demand for contactless delivery.
  • Surge in Covid-19 has resulted in demand for contactless delivery thus driving the autonomous last mile delivery market growth.
  • Some of the leading players operating in the autonomous last mile delivery market profiled by Fact.MR are:

Global Autonomous Last Mile Delivery Market to Expand at a19% CAGR: States Fact.MR

Retrieved on: 
Wednesday, January 19, 2022

NEW YORK, Jan. 19, 2022 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: Over the projection period of 2021 to 2031, the global autonomous last mile delivery market is predicted to grow at a CAGR of roughly 19%, with demand for aerial delivery drones soaring.

Key Points: 
  • It also highlights key strategies adopted by market players to increase autonomous last mile delivery sales.
  • Furthermore, the growth of the e-Commerce business has resulted in improved delivery methods, resulting in better and more efficient product delivery, which is fueling demand for autonomous last mile delivery.
  • Surge in Covid-19 has resulted in demand for contactless delivery thus driving the autonomous last mile delivery market growth.
  • Some of the leading players operating in the autonomous last mile delivery market profiled by Fact.MR are:

IOP, the company jointly owned by Phinergy and Indian energy major Indian Oil Corporation (IOC), will collaborate with two leading automakers in India - Ashok Leyland and Maruti Suzuki to test Phinergy's aluminium-air battery in electric vehicles

Retrieved on: 
Wednesday, March 24, 2021

Under the LOIs, the parties agreed to collaborate in order to assess commercial uses of the aluminium-air battery developed by Phinergy.

Key Points: 
  • Under the LOIs, the parties agreed to collaborate in order to assess commercial uses of the aluminium-air battery developed by Phinergy.
  • These collaborations follow the collaboration between Phinergy and Mahindra Electric, another leading vehicle manufacturer in India, whereby a prototype for an electric rickshaw using an aluminium-air battery was recently completed.
  • Aluminium-air technology is an energy production technology with two main applications: energy backup for critical facilities and extension of the range of electric vehicles.
  • Zinc-air technology, which is currently in advanced stages of research and development, is a technology for storing renewable energy.