Bengaluru-based deep-tech battery recycling startup Metastable Materials has announced the appointment of Daniel Troedsson, a battery and energy expert with nearly two decades of experience, as the company’s advisor. 

Troedsson, former CEO and Investor Relations at Sweden-based Alelion Batteries AB (currently known as Alelion Energy Systems AB), has a rich background in the energy and battery industry. He had also previously held the positions of SVP, Head of Battery Optimisation and Monitoring Technology at Volvo Energy, and SVP, Electromobility at Volvo Group Trucks Technology. His expertise spans across battery technology, energy systems, and sustainable solutions. 

In his advisory role, Troedsson would contribute towards Metastable’s strategic planning, delivering industry insights and mentorship vis-à-vis the startup’s market positioning. In the near future, he will likely help expand Metastable Materials presence in the international market.

The start-up says Troedsson’s interest in Metastable Materials stems from the shared vision of making eco-friendly battery recycling a viable reality at scale, thereby ushering circularity in the energy storage value chain and creating a more sustainable world. In the short-term, his expertise and mentorship will bolster Metastable Materials’ strategic decision-making; whereas over the long term, his strategic guidance shall empower them in establishing Metastable Materials as a global leader in the sustainable battery recycling space. 

Daniel Troedsson said, “I am extremely happy to join forces with Metastable Materials as their strategic advisor. Metastable is a groundbreaking startup that has, within a very short time span, exhibited the effectiveness of their recycling technology, exemplified through their successful execution of a small-scale production line. Metastable’s strategic advantage, anchored via a patented solution, solidifies their position as frontrunners in the recycling industry. I harbor unwavering faith and confidence in their future success, and I’m privileged to offer my support as they embark on the journey of unprecedented growth.”

Shubham Vishvakarma, Founder, Metastable Materials added, “We are absolutely thrilled to have Daniel join us in an advisory capacity at Metastable Materials. His wealth of knowledge in battery-tech and sustainable energy is exactly what we need as we move forward in our journey, and his extensive prior experience in the battery segment positions him well to contribute to our growth. As someone who is as passionate about sustainable innovation as we are, we believe Daniel’s insights will be highly valuable, as we at Metastable continue to advance our recycling technologies. This is a huge milestone for us, and together, I'm confident that we will be making great strides in making our recycling processes even more efficient, and propel Metastable Materials and the battery recycling industry overall to greater heights.”

Troedsson’s notable career achievements include taking Alelion Batteries public successfully (he had played a key role in getting the company listed on the Nasdaq Index) and contributing to their development of lithium-ion battery technology and in setting up Sweden’s first large-scale, privately-owned li-ion battery factory. Under his leadership, Alelion emerged as a preferred battery supplier for electrified heavy-duty powertrains and HCVs. 

More recently, he has been actively investing in multiple promising climate-tech startups across Europe and other continents as an angel investor, and lending his expertise and knowledge to new-age sustainability-first companies as an independent advisor.

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MoEVing, an electric mobility solutions firm, has partnered Tata Motors Commercial Vehicles dealers – Pascos, Johar Automobiles and Bhandari Automotive – to lease a fleet of 700 electric small commercial vehicles (e-SCVs). The fleet includes the Ace EV and Ace Pro EV.

The EVs will be used for last-mile deliveries in the e-commerce, logistics and fast-moving consumer goods (FMCG) sectors across more than 10 Indian cities, including Delhi NCR, Mumbai, Pune, Chennai, Hyderabad, Bengaluru and Kolkata. This deployment is expected to lead to a carbon emission reduction of almost 2,000 tonnes per year.

The collaboration introduces a business model where the Tata Motors Commercial Vehicles dealers will own and maintain the fleet, while MoEVing will operate it. This arrangement is intended to unlock operational efficiencies and enable scalable mobility solutions.

The partnership will serve over 20 enterprise clients, aiming to cover an estimated 25 million green kilometres annually.

Vikash Mishra, Founder and CEO, MoEVing, said, “Our mission is to accelerate the adoption of green, zero-emission mobility across India’s logistics. We have had excellent experience working with Tata Motors and are looking forward to deploying these vehicles across various use cases and segments. Our innovative business model for operating them on lease will enable scalable, cost-effective deployment of electric vehicles, streamline fleet ownership and maintenance, and accelerate scalability. We look forward to breaking more milestones with the largest deployment of Tata Electric Commercial vehicles across the country”

Pinaki Haldar, Vice-President & Business Head – SCVPU, Tata Motors Commercial Vehicles, added, “Tata Motors is steadfast in its commitment to driving India’s transition to green, zero-emission mobility. This partnership between MoEVing and our leading dealer partners – Pascos, Johar, and Bhandari Automotive – marks a pivotal step in scaling sustainable last-mile logistics. The Ace EV & Ace Pro EV are engineered to deliver superior performance, uptime and reliability in real-world operating conditions. Additionally, with a versatile range of load deck configurations and payload capacities, these vehicles are designed to meet the diverse needs of customers across businesses. Our robust network of over 200 dedicated EV support centres across the country ensure maximum uptime and swift turnaround, backed by trusted service and deep technical expertise.”

With the addition of 700 e-SCVs, MoEVing’s fleet now includes over 2,500 electric vehicles.

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American electric vehicle major Tesla has reported record revenue and free cash flow for the Q3 CY2025, supported by high vehicle deliveries and energy storage deployments.

The electric vehicle maker posted total revenue of USD 28.1 billion, a 12 percent increase YoY. Free cash flow reached nearly USD 4 billion, which the company states is its highest.

Total vehicle deliveries reached 497,099 in the quarter, a 7 percent YoY growth. Deliveries of the Model 3 and Model Y rose by 9 percent to 481,166 units. Energy storage deployments were a record 12.5 gigawatt hours (GWh), up 81 percent YoY.

Gross Margin stood at 18 percent, a drop of 185 basis points from the previous year. Gross profit was USD 5.1 billion, up 1 percent.

Operating income fell 40 percent YoY to USD 1.6 billion, resulting in a 5.8 percent operating margin. This decline was due to increased operating expenses, which rose 50 percent YoY to USD 3.4 billion, alongside higher average vehicle costs and a shift in sales mix. Lower regulatory credit revenue also impacted profitability.

Net income attributable to common stockholders reached USD 1.4 billion, a 37 percent drop. Cash, cash equivalents and investments increased by USD 4.9 billion to USD 41.6 billion.

During the quarter, Tesla expanded its vehicle range, launching the Model 3 and Model Y Standard variants. The company also launched the Model Y Performance and the Model YL in China, a longer six-seat version.

In the energy sector, Tesla unveiled Megapack 3 and Megablock, its next-generation industrial storage products. Production for Megapack 3 is scheduled to begin at Megafactory Houston in 2026. The company also launched a new lease offer in the US for solar and Powerwall systems.

Tesla launched its ride-hailing service in the Bay Area using Robotaxi technology and began deploying version 14 of FSD (Supervised) in October. The Supercharger network expanded by over 3,500 stalls in the quarter, an 18 percent YoY growth and it launched its first v4 Supercharger cabinets.

“While we face near-term uncertainty from shifting trade, tariff and fiscal policy, we are focused on long-term growth and value creation. We are prudently making the necessary investments in our business, including future business lines, that we believe will drive incredible value for Tesla and the world across transport, energy and robotics,” the company said in a statement.

Tesla indicated that Cybercab, Tesla Semi and Megapack 3 remain on schedule for volume production starting in 2026. Production lines for Optimus, the humanoid robot, are being installed in anticipation of volume production. The lithium refinery in Texas is expected to begin production in Q4 2025.

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Pune-headquartered alternative energy vehicle manufacturer Blue Energy Motors (BEM) has launched its electric heavy-duty truck, which is equipped with battery swapping technology.

The truck was unveiled by the Chief Minister of Maharashtra, Devendra Fadnavis, at Blue Energy Motors’ Chakan facility in Pune. Fadnavis also inaugurated, what is claimed to be India’s first electric corridor from Mumbai–Pune, which is the first step in a plan to electrify national highway corridors over the next three years.

What’s more, Blue Energy Motors has signed an MoU with the Maharashtra government to set up a new facility with a capacity of 30,000 trucks, backed by an investment of INR 35 billion. The automaker has received strong demand for its e-trucks and has signed MoUs for over 10,000 units.

The new e-truck is designed for Indian conditions and follows the success of Blue Energy Motors’ LNG-powered fleet. It features an unlimited range with battery swapping, the highest payload in its category and Advanced Mobility Intelligence. The launch also introduces India’s first Energy-as-a-Service model for heavy-duty trucks.

Devendra Fadnavis, said, “This launch showcases Maharashtra’s leadership in sustainable innovation. Blue Energy Motors’ Made-in-India Electric Truck with Battery Swapping Technology, along with the Mumbai–Pune corridor, India’s first highway to go electric aligns seamlessly with the nation’s vision for Atmanirbhar Bharat and for a greener, self-reliant future. I applaud their efforts in advancing both environmental sustainability and industrial growth”.

Anirudh Bhuwalka, Founder and Managing Director, Blue Energy Motors, said, “We believe that this is the beginning of the EV Revolution in India for heavy-duty trucks. Our electric truck delivers unlimited range through battery swapping, highest payload in its category and Advanced Mobility Intelligence for fleet reliability. The Mumbai–Pune corridor is the first step in building a nationwide network of sustainable logistics, driving India’s green freight future forward. With our Energy-as-a-Service model, we’re redefining fleet economics offering reduced upfront capital cost, lowest TCO with highest payload, minimal charging downtime and making it well-to-wheel green with renewable energy.”

Also read: Montra Electric Launches 55-Tonne Rhino E-Truck, Unveils Battery Swap Technology Too

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Bengaluru-based electric vehicle manufacturer Simple Energy has partnered with Amazon India and Flipkart to make its electric scooters available online.

The collaboration will allow customers to browse, book and receive doorstep delivery of its electric scooters, the Simple One Gen 1.5 and Simple OneS. The move is intended to simplify the buying journey and expand the company’s reach into Tier 2 and Tier 3 cities.

Furthermore, Simple Energy is also offering discounts on both models as part of Amazon India’s Great Indian Festival and Flipkart’s Big Bang Diwali sale.

Customers can avail up to INR 16,434 off through various bank and card offers, including discounts on HDFC Bank and Amazon Pay ICICI Bank Cards on Amazon India’s Great Indian Festival.

While Flipkart customers can get a flat discount of INR 7,500 on the Simple One and INR 5,000 on the Simple OneS, with potential additional savings using SBI and Flipkart Axis Bank cards. A 12-month no-cost EMI option is also available.

Suhas Rajkumar, Founder & CEO, Simple Energy, said, “Diwali symbolises progress and new beginnings, making it the perfect moment to advance our mission of democratising electric mobility. Through our partnership with Amazon India and Flipkart, we are expanding our reach across India, including Tier 2 and Tier 3 cities and offering a seamless, tech-first purchase experience that makes EV ownership simpler and more accessible than ever.”

At present, Simple Energy operates 57 showrooms across India and plans to expand its retail operations to include 150 new stores and 200 service centres across the country by FY 2026.

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