Besides e-commerce, parcel and courier, FMCG, industrial goods, organised retail, white goods, beverages and LPG, Switch Mobility is looking at municipal applications for functions such as waste management and tipping on the back of inquiries. The company is also looking at container (reefer) applications for its IeV 3 and IeV 4 against inquires. 

As electric vehicles with a payload of 1,200 kg and 1,700 kg respectively, the IeV 3 and IeV 4 make zero tailpipe emission vehicles in an urban landscape that are considerably less costly to operate. What is interesting is that the IeV 4 with a payload of 1,700 kg is in a ‘spot’ where there is no competition. It is competing with ICE vehicles like the Ashok Leyland Bada Dost (with which it shares the platform) and the Mahindra Bolero Pik-up range, promising in-turn a much lower operating cost. 

The higher initial acquisition cost a challenge, the Switch IeV 3 and IeV 4 are backed by a three-year/150,000 km vehicle warranty and five-year/150,000 km battery warranty. While the battery of the IeV 4 takes four hours to charge with a 32 Ampere AC charger and eight hours with a 15 Ampere AC Charger, the battery of the IeV 3 takes three hours 30 minutes to charge with a 32 Ampere AC charger and eight hours and 15 minutes to charge with a 15 Ampere AC charger.

Observing that the company has gained a good understanding of the market and customers with more than 600 inquiries and delivery of over 300 vehicles, Mahesh Babu, CEO, Switch Mobility, during a media interaction in Chennai averred, “For the IeV 3, we have got over 105 inquiries.” 

Observing that the electric cargo three-wheeler market is about 2,000-3,000 units per month, Mahesh Babu explained that what needs to be considered in the case of electric cargo vehicles is the salary of the driver which is going up among other factors such as the turnaround time. “If the turnaround time is less, the driver salary, loan EMI etc. will be lower and attract a shift to e-trucks of about one-tonne payload capacity that could carry between 50 to 200 parcels,” he added. 

Stating that the cost per parcel will be economical and the e-truck could be deployed for more than one application, Mahesh Babu said, “The ‘leap of faith’ will be done by fleet operators (as organised players) since the technology is new.” “Retail buyers will start once they see the proof of economics,” he added. 

Stressing that this happened in electric three-wheelers and will happen in electric four-wheelers as well, Mahesh Babu articulated, “The FAME subsidy is needed to accelerate EV adoption, which is at less than one percent.” “As an industry, we are preparing to survive without subsidies. From April, whatever we have sold is without subsidy, proving that our products offer value,” he added.   

Confident of getting good numbers by the end of this fiscal through existing and new new applications such as municipal waste management, tipping and reefer container (for perishable goods), Switch Mobility is working with multiple customers and indulging in concept sale rather than a walk-in sale. 

About 8,000 to 10,000 km of test drives are carried out every month with demo vehicles at the dealers by the company as part of its concept sale strategy.

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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.

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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.

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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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