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.

JSW MG Motor India is set to expand its EV portfolio with the MG Windsor Pro, which is set to be introduced on 6 May 2025.

The MG Windsor Pro is expected to offer a higher range, more features, improved safety and minor design tweaks. While technical details are yet to be released, it is safe to understand that the company is looking to further drive sales of its popular EV, targeting a new set of customers.

Launched on 11 September 2024, the company positioned the Windsor as a CUV (crossover utility vehicle) and the most comfortable EV in its segment.

The Windsor EV has already surpassed 20,000 units sales since launch, and has been the highest selling electric passenger vehicle for the last several months in a row.

Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.

The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.

Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.

Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”

In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.

During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.

“With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.

OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.

In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.

He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.

Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”

Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”

The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.

The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.

As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.

Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.

The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.

Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."