Toyota made a splash in India recently by showcasing a flex-fuel hybrid vehicle. This amounted to a logical step in its efforts to highlight its work in the area of alternative fuel technologies soon after it supplied the Union Transport Minister, Nitin Gadkari, with a hydrogen fuel cell car. The year 2022 has been a year of much action and words in the area of alternative fuels in India. The Brazilian Ambassador to India, d. Andre Aranha Correa Do Lago, said in his speech at the recent SIAM Annual Convention that Brazil and India are the two largest sugarcane producers and have the potential to produce enormous amounts of ethanol. “Brazil will work with India on flex-fuel technology, sustainable aviation fuels, second generation ethanol, hybrid flex-fuel vehicles, fuel cells etc.,” he averred.
At the same event, Gadkari mentioned that through innovation, science, research, technology and entrepreneurship, the auto industry should convert knowledge to fuel and devise alternative fuel technologies. Stating that the petroleum product import is amounting to INR 16 trillion and is a challenge for the country, he averred, “I am happy to see good growth of electric vehicles across segments. Around 1.5 million EVs have been registered and the overall sales figure is up by 162 percent. The sales growth of electric two-wheelers is 425 percent, electric three-wheelers is 75 percent, electric four-wheelers is 230 percent and electric buses is 1,600 percent. The number of new start-ups in the domain is 250.” In October 2022, Chinese electric automaker BYD announced the launch of its second electric vehicle in India in the form of an electric SUV called the Atto 3. It will commence sales starting January 2023.
As electric vehicles continue to gain strength across segments, it is the two-wheeler segment that seems to gain in sales numbers the most. No surprise then that Taiwanese electric two-wheeler major Gogoro is expected to launch electric scooters in India soon. The company has been having a tie-up with Hero MotoCorp in India for some time now and the two are said to be working on developing a battery swapping technology that is suitable for the local and regional requirements. Hero MotoCorp and Gogoro are not the only ones; there are other companies too – like Sun Mobility – that are already working on battery swapping technology.
With the need for smart grids and a battery charging infrastructure growing as part of the thrust towards alternative fuel technologies to achieve net-zero carbon emissions, the question being asked is: which alternative fuel technology will finally triumph with efforts being made in various areas and directions? A portion of the auto industry is betting on hydrogen as the ultimate alternative fuel. Another portion of the industry is betting on flex-fuel and other alternative fuel technologies, including various gases like LNG and CNG.
With countries like Russia banking on gaseous fuel as a means to reduce carbon emissions since they are available in abundance there, it is countries like India, which imports 85 percent of the fuels, that needs to find out what it has in abundance and select as the alternative fuel of choice, mentioned an industry expert from Europe. He added that a unique alternative fuel technology from India could actually lead to a global breakthrough and help mobility advance in a new direction altogether. With the possibility of such a disruption always present, the current situation is looking a bit unorganised with a variety of alternative fuels being taken into consideration.
On one hand, CNG stations are being increased and commercial vehicle operators are taking to it, while on the two-wheeler level, it is the electric vehicle technology that is gathering pace. The most diverse are the efforts at the passenger car level, where Maruti Suzuki and Toyota seem to look at hybrid and flex-fuel, whereas the ones like BYD, MG and Tata Motors are looking at electric to go net-zero carbon. The investment in BS VI technology, which promised water at the tailpipe through emissions cleaner than the air, is yet to fructify for some or many automakers and the call for rapid development in alternative fuel technologies is being summoned.
With sustainability being the mantra as the auto industry in India sees good days after a prolonged slowdown, the high inflation and resulting steep increase in vehicle prices is already threatening to spoil the party. A point of worry being that if the work on alternative fuel technologies is affected as inflation is likely to bite harder in 2023, the need to keep global temperatures from rising above the 1.5-degree Celsius mark stays. The auto industry is expected to contribute the most and also ensure sustainable, affordable and desirable mobility at the same time. A tightrope walk beckons as the mantle of alternative fuel technologies can’t be abandoned.
One thing is clear that what holds for India is what India has in abundance. Like Russia has gas, India could do well in developing technologies that can create gas from waste and other means available locally in abundance. Rather than politicising city waste that is often dumped just outside the city, it will serve if it could be turned into fuel to power automobiles as well as industrial furnaces and other machines. Afterall, despite all the efforts in electrification and other alternative fuel technologies, roughly 95 percent of the vehicles that continue to sell the world over are still powered by IC engines!
Ola Electric Begins Mass Deliveries Of 4680 Bharat Cell Powered Vehicles
- By MT Bureau
- December 08, 2025
Ola Electric has announced the commencement of mass deliveries of its 4680 Bharat Cell-powered vehicles. The S1 Pro+ 5.2 kWh is the first product to be powered by the company’s indigenously manufactured 4680 Bharat Cell battery pack, which delivers more range, better performance and enhanced safety.
With its own battery packs in the vehicles, Ola Electric is now India's first company to fully own the battery pack and cell manufacturing process in-house.
The S1 Pro+ 5.2 kWh is powered by a 13 kW motor, offering acceleration of zero to 40 kmph in just 2.1 seconds. It comes with an impressive 320 km range (IDC with DIY mode).
The S1 Pro+ features four riding modes (Hyper, Sports, Normal and Eco) and also offers enhanced safety with category-first dual ABS and disk brakes in the front and rear. It also gets enhanced ergonomics and comfort, a two-tone seat with supportive foam, body-coloured mirrors, a die-cast aluminium grab handle, rim decals and an expanded colour palette comprising Passion Red, Porcelain White, Industrial Silver, Jet Black, Stellar Blue and Midnight Blue.
“The excitement for S1 Pro+ has been phenomenal. Deliveries are now in full swing, and customers are proudly riding India’s first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India’s journey towards becoming a global EV hub. With the national rollout starting soon, we are now ready to take this breakthrough product and technology to every corner of the country,” an Ola Electric spokesperson said.
Trinseo Launches Fourth-Generation Binder For The Next Wave Of EV Batteries
- By MT Bureau
- December 03, 2025
Trinseo has introduced its latest innovation, the Fourth-Generation SBR Binder Platform, designed to meet the evolving demands of electric vehicles and battery energy storage systems. This development reflects the company's strategic focus on delivering high-performance materials essential for the global shift towards sustainable energy.
The platform results from advanced polymer science and collaboration with battery manufacturers, targeting key industry requirements such as increased energy density, superior durability and more efficient production. It provides a significant improvement in peel strength, enabling stronger electrode bonds, thicker coatings and higher manufacturing speeds. These attributes are vital for developing higher-capacity batteries that can extend driving range and improve storage solutions.
The inaugural product, VOLTABOND 109 Latex Binder, offers this next-generation performance with broad compatibility across various anode materials and manufacturing processes. Its design ensures excellent stability and low resistance, supporting faster charging and long-term reliability. To ensure robust supply, Trinseo will produce the platform locally within major global regions, enhancing responsiveness to battery production hubs.
Rooted in decades of expertise, this new platform establishes a foundation for future innovations tailored to diverse customer needs across the battery value chain.
CATL And Stellantis Begin Work On EUR 4.1 Billion Spanish Battery Plant
- By MT Bureau
- November 28, 2025
CATL and Stellantis broke ground on a EUR 4.1 billion battery plant in Figueruelas, Spain, on 26 November. The 50:50 joint venture will produce lithium-iron-phosphate battery cells and targets an annual production capacity of 50 GW/h.
The project, which is Spain’s largest battery factory, is backed by over EUR 300 million in EU funds, with production expected to start in late 2026.
According to unions, around 2,000 Chinese workers will help construct the site, a point of contention with local authorities and residents. Also, 3,000 Spanish staff are to be hired and trained later.
Spanish authorities and residents have voiced concerns about job opportunities for local workers and potential strain from the influx of foreign employees. CATL Vice President Meng Xiangfeng said earlier in November the company needed experienced technicians to build and fine-tune production lines, with plans to train local workers to take over operations gradually.
David Romeral, Director General of CAAR Aragon, a network of automotive businesses in the region, said: “We don’t know this technology, these components – we’ve never made them before. They’re years ahead of us. All we can do is watch and learn.”
The regional government is organising work permits for arriving workers while seeking to attract battery supply chain companies to Aragon. Some Chinese technicians and managers have already arrived, with several hundred more expected by year-end and nearly 2,000 by the end of next year.
CATL’s approach contrasts with its Hungarian site in Debrecen, where it hired mostly locals to build its European plant. However, a lack of local workers caused production to be delayed from late 2025 into mid-2026. The Figueruelas facility will serve as CATL’s third European manufacturing operation, alongside the Hungarian plant and one in Germany.
- Neuron Energy
- Equanimity Ventures
- Rajiv Dadlani Group
- Thackersay Family Office
- Chona Family Office
- Pratik Kamdar
- Rajesh Sehgal
- Rajiv Dadlani
Neuron Energy Secures INR 310 Million To Expand EV Battery Manufacturing For Four-Wheelers & Buses
- By MT Bureau
- November 27, 2025
Neuron Energy, an EV battery manufacturer, has raised INR 310 million in a Pre-Series B funding round led by Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office and Chona Family Office, with participation from Family Offices and HNI investors. With this, Neuron Energy has raised INR 810 million to date.
The funding will be used to expand Neuron Energy’s manufacturing capacity to 3 GWh and to establish a fully automated, large-scale battery facility for electric four-wheelers and buses at Chakan, Pune. The capital will also strengthen the company’s R&D capabilities, accelerate domestic growth, and broaden its footprint in international markets.
Pratik Kamdar, CEO and Co-Founder, Neuron Energy, said, “This Pre-Series B round is a defining step in our mission to industrialise world-class battery manufacturing in India. As EV adoption accelerates, we are focused on building capacity, embedding automation, and pushing the boundaries of performance and reliability. This investment ensures we can deliver at scale, both in India and globally.”
The company said it operates with a low-CapEx and low-OpEx business model. It has been growing profitably year-on-year and is on track to achieve INR 2 billion in revenue this year. The company is also confident of achieving sales of over INR 9 billion, with profitability, over the next few years.
Rajesh Sehgal of Equanimity Ventures, added, "We see immense potential in Neuron Energy’s approach to EV battery innovation and scalability. Their focus on quality, automation, and energy efficiency aligns with the evolving demands of the EV industry in India and beyond. We are proud to support their next phase of growth as they scale into new vehicle categories and manufacturing capacities."
The new facility reinforces the company’s position in two-wheeler EV batteries and signals a strategic entry into heavier vehicle segments. This supports Neuron’s vision to become a comprehensive EV battery solutions provider.
Rajiv Dadlani, from the Family Office of the Rajiv Dadlani Group, said, "Neuron Energy demonstrates remarkable potential to become the market leader, with their renewed focus, in delivering top-quality products. The company and its founders are highly committed to delivering rigorously tested and safe-to-use Li-Ion smart batteries. We are confident that they will continue to thrive and set new standards in the industry."

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