Ola Gigafactory is a significant project by Ola Electric, aimed at transforming India’s energy landscape and advancing the country’s vehicle electrification journey.
Location:
The Gigafactory is situated in the Krishnagiri district of Tamil Nadu, India.
It spans over 115 acres and is likely to become the world’s largest EV cell manufacturing facility.
The initial production capacity is 1 GWh, with plans for expansion up to 20 GWh.
The factory will serve as…
Continue readingEnd of Ice Age?… This could be the start of the end for Internal Combustion Engine (ICE) Petrol/Diesel cars & scooters/motorcycles… for… Stone age did not end due to the lack of stones.
Ola Electric, the e-scooter manufacturer submitted its initial draft papers to SEBI to initiate an initial public offering (IPO) aimed at raising ₹5,500 crore.
New equity share issuance amounting to…
Continue readingThe scheme aims to equip one crore (10 million) households with rooftop solar panels in a bid to provide electricity from solar energy… this is nothing short of HUGE!
The scheme would not only reduce the electricity bill of the poor and middle class but would also make India self-reliant in the energy sector.
Read more: Pradhan Mantri Suryodaya YojanaPM Modi has urged the officials to start a massive national campaign to mobilise residential segment consumers to adopt rooftop solar in large numbers.
Rooftop solar panels reduces the consumption of the grid-connected electricity and saves electricity cost for the consumer.
India reached around 73.31 GW as of December 2023… of which Rooftop solar is around 11.08 GW.
Centre’s National Rooftop Scheme provides financial assistance totaling 40% of the capital cost of a solar rooftop project.
The world will never be the same again!!!
Although the individual sales of iQbe & Ola S1 taken individually looks very tame (just 10% and less) in comparison to say Activa. But just 2 companies taken together adds up to stand 4th. This means that they have taken a small part of sales away from ICE scooter companies.
Scooter Sales of Sept 2023
FAME2 saved ICE scooter makers than EV makers.
Fame2 which supported bigger battery packs, was a disaster for the startups. All the new companies rushed out to make bigger & more powerful eScooters which resulted in at least each EV maker having at least 1 scooter up in flames.
Year 2022 was a setback year for companies like Okinawa, Hero Electric, Ampere & PureEV which were till then leading the EV race. While some makers went up in flames others were caught sourcing parts from China instead of sourcing them locally.
But still after all this they have managed to take away significant business away from ICE makers. These ICE soccer maker were giants growing YoY at 10% to 20%. Today most of their sales is in decline and in single digits.
Personally we don’t like the look & exterior design of eScooters (Ather & Ola mainly) because both of them have been cut TOO aerodynamically… that it looks too narrow and weak/feeble from front & back.
Therefore we believe that even after a decade Indian 2Wheeler market is still in its infancy as most of the eScooters available are a replica of the other in shape and identical in wheel size.
There is a good chance that more dynamic, rugged & robust looking eScooters with fat/taller wheels and chain drives could create a niche for themselves considering that scooters & bikes with approx 50kmpl are getting good sales… so the much talked about “kitna deti hai?” or Economy/ mileage is no longer a factor in 2 wheeler sales in India.
They also need to be available on easy finance/low EMI… now that is more of a factor than mileage or economy.
Until 2016 the Wind Energy sector had enjoyed accelerated depreciation (AD) of 80 per cent under the Income Tax Act. But in March 2016 (Budget) Indian govt reduced 80% depreciation to 40% depreciation. Wind Energy in India has barely survived since then.
India needs to show the WEST that India can LEAD the world into Renewable Energy Transition
What is Accelerated Depreciation?: Accelerated depreciation is…
Continue readingSuzlon Energy is India’s best Wind Energy company. It is like a Monolopy in Wind Energy with 25% to 30% market share. Although there are many companies like Adani Energy, Tata Power, Torrent Power etc in Renewable Energy field they are not competitor to Suzlon Energy because they do not manufacture or install wind turbines. These companies are clients for companies like Suzlon, Inox etc.
Suzlon had about 2 months ago…
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Inox Wind: Inox Wind Limited is…
Continue readingOla Electric Mobility Pvt. is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021.
Ola Electric IPO Date: To be announced
Ather Electric IPO Date: To be announced
Bounce Electric IPO Date: To be announced
(we will update the dates… one by one… on this post… when it becomes public)
“I thought it would take me…
Continue readingSuzlon’s Wind energy and solar energy are both valuable sources of renewable energy, but Suzlon wind energy offers several advantages over solar energy:
Meaning in 365 days solar works only for 30% of the time. This means the efficiency is quite low especially in those areas with severe winter.
Wind power is not dependent on the availability of sunlight, making it a more consistent and reliable energy source.
2. Cleaning: Solar Energy requires almost daily cleaning of every single inch of its surface. If its double sided… then even the underside needs to be cleaned. There is no escaping from this. Bigger the plant… bigger will be the surface area…and bigger will be the challenge…
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