Schwing Stetter India Launches 14 New Products
- By MT Bureau
- May 19, 2022
Concreting equipment manufacturer Schwing Stetter India has launched 14 new products at the Excon 2021 in Bengaluru.
Schwing said its products are used across various projects like highway and road construction, bridges, dams, metro rail, ports, power plants and high-rise construction. The company said its Batching Plants and Self Loading Mixers come with cement-saving features.
Schwing has showcased 14 machines at the expo. An impressive highlight from the stall would be one of the products, Boom Pump S47, which is the longest product on display, the release pointed out.
The 14 new products launched are Batching plant M45Z, Boom pump S 47, SLM (Mahindra) 4600 SV (CEV-IV), Mobile Service Van, Conveyor on wheels, Wheel Loader ZL33FV (CEV-IV), Wheel Loader ZL55GV (CEV-IV), Motor Grader GR 1705, Piling Rig XR 330 I, Crawler Crane Xgc150-1, Truck Crane XCT150_Y, Excavator XE 38U, Excavator XE 215-I LC, and Bricks and Blocks plant SSI-154-E.
V G Sakthikumar, Managing Director, Schwing Stetter India, said, “After the pandemic hit, the construction industry suffered a great deal. However, at Schwing – we used this period for research and to recalibrate
ourselves for the new normal. In fact, what we have displayed today at Excon, is a true testimony of our hard work during the pandemic. Schwing Stetter India has been growing exponentially and still focusing on quality and innovation. Our customers trust in us helps us continue to make machines that are technologically superior, efficient and cost effective.”
Besides, Schwing has also displayed four new and improved versions of a few products, including Shotcrete Pump TSR 30.14 Mark II (CEV-IV, KOEL), HDD XZ1350, Vibratory Compactor Soil and AWS XGA26.
Schwing Stetter inaugurated its Global Manufacturing Hub in Cheyyar, Tamil Nadu in 2021. The state-of-the-art integrated facility of 52 acres comprising 50,000 square metres of built-up area is the hub for Schwing’s concrete boom pumps, stationary pumps, self-loading mixers, shotcrete pumps, excavators, wheel loaders and motor graders. Schwing Stetter signed an agreement with the Tamil Nadu government through the Global Investors Meet in 2019 and has already invested more than INR 350 crore in this facility. The company said it will continue to invest in this facility in the next couple of years. (MT)
Recyclekaro Secures Government Eligibility For Critical Mineral Recycling Expansion
- By MT Bureau
- April 08, 2026
Recyclekaro, an e-waste and lithium-ion battery recycling firm, has been cleared for eligibility under the Incentive Scheme for Promotion of Critical Mineral Recycling. The scheme is administered by the Ministry of Mines under the National Critical Minerals Mission.
The company has committed an investment of approximately INR 3 billion to expand its operations. This brownfield expansion aims to increase total processing capacity to 50,000 metric tonnes.
Its targeted waste streams for mineral recovery include spent lithium-ion batteries, electronic circuit e-waste, rare earth magnets and spent catalytic converters.
The project is designed to increase the domestic recovery of lithium and rare earth elements, reducing reliance on mineral imports for the electric mobility and renewable energy sectors.
Recyclekaro plans to invest over INR 5 billion over the next five years into a research and development facility. This centre will focus on technologies for the recovery of rare earth and critical minerals. The objective of the expansion is to align with national resource security and circular economy targets.
Rajesh Gupta, Founder and Managing Director, Recyclekaro, said, “We are proud to have secured eligibility under the Government of India’s Critical Mineral Recycling Incentive Scheme and sincerely commend the Ministry of Mines for instituting a visionary and robust framework under the National Critical Minerals Mission. This marks a decisive step toward strengthening India’s energy security that relies on securing critical minerals domestically. This will support India’s net zero goals. Over the past 15 years, we have built world-class in-house technologies, conducted thousands of pilot-scale experiments, and are now investing over INR 5 billion next 5 years in our newly developed R&D facility. It is going to be amongst the biggest privately owned facilities in India dedicated to rare earth and critical mineral recovery. At Recyclekaro, we remain deeply committed to this national movement and invite researchers, innovators, and technology partners to collaborate in accelerating India’s clean energy and circular economy transition.”
RoshAi Raises INR 220 Million Funding Led By IAN Alpha Fund
- By MT Bureau
- April 08, 2026
Kochi-headquartered deep-tech company RoshAi has raised INR 220 million in funding, which was led by IAN Alpha Fund, part of the IAN Group.
The capital is designated for product development, expansion of deployments and scaling operations across international industrial markets.
RoshAi develops autonomy solutions that can be retrofitted to existing heavy vehicles in sectors such as ports, mining and logistics. This approach allows operators to implement driverless operations without the requirement for new fleet investments.
The technology stack comprises three primary components:
Retrofit Hardware: Physical kits to enable autonomous control of conventional vehicles.
In-Vehicle Autonomy System: AI-powered software and sensors for navigation and obstacle detection.
Cloud-Based Fleet Management: A platform for remote monitoring and operational coordination.
The company reports that its systems have completed over 100,000 km of testing with no safety incidents.
The global industrial autonomous vehicle market is projected to reach USD 162.8 billion by 2030, up from USD 47.6 billion in 2024. RoshAi aims to capture this growth by targeting the United States, Australia and Southeast Asia. It currently collaborates with Tier 1 original equipment manufacturers (OEMs) and industrial operators on pilot projects.
Sarika Saxena, Managing Partner, IAN Alpha Fund, said, “RoshAi is solving industrial autonomy through a retrofit-first approach, enabling operators to upgrade existing fleets rather than invest in new infrastructure. With strong early validation, repeat customer engagement, and a scalable autonomy platform, the company is well-positioned to build a globally relevant deep-tech business from India.”
Roshy John, Founder & CEO, RoshAi, added, “Our focus is to make industrial operations safer and more efficient by enabling existing fleets to operate autonomously. This investment allows us to accelerate product development, scale deployments across global markets, and continue building a robust autonomy platform for industrial use cases. We are glad to have IAN’s support as we move into this next phase.”
Yuma Energy Partners Quantum Energy For Battery Swapping Integration
- By MT Bureau
- April 08, 2026
Yuma Energy, a battery-as-a-service (BaaS) and infrastructure provider, has partnered with Quantum Energy, an Indian electric two-wheeler manufacturer. The collaboration enables battery swapping compatibility for the Quantum Bziness, an electric scooter designed for commercial and last-mile mobility applications.
The partnership aims to address vehicle downtime by integrating Quantum’s vehicle engineering with Yuma’s energy network. Yuma Energy reports a network uptime of 99.9 percent, allowing users to exchange depleted batteries for charged units.
The collaboration will focus on fleet operators, businesses and independent commercial riders. The aim is to maximise vehicle uptime by removing the requirement for stationary charging.
The collaboration is intended to lower operational costs and environmental impact for commercial EV users. By providing a scalable energy infrastructure, the companies seek to remove barriers to adoption in the high-utilisation transport segment.
Muthu Subramanian, MD & GM, Yuma Energy, said, "Electric mobility must work for the people who depend on their vehicles every day. Our partnership with Quantum Energy ensures that riders using the Quantum Bziness can operate without interruptions. By making battery swapping as fast and simple as refuelling, we are enabling productivity, improving earnings potential, and accelerating India’s transition to sustainable mobility."
Chakravarthi C, Managing Director, Quantum Energy, added, "At Quantum Energy, we design and manufacture vehicles that solve real mobility challenges. Integrating Yuma’s battery swapping solution with the Quantum Bziness enhances convenience and operational efficiency for commercial users, reinforcing our commitment to delivering practical and scalable EV solutions."
BMW Group Partners With Rimac Technology To Power All-Electric i7 With Gen6 Battery System
- By MT Bureau
- April 08, 2026
The BMW Group has entered into a cooperation with Croatia’s Rimac Technology to equip the new all‑electric BMW i7 with advanced battery systems. This collaboration focuses on integrating BMW’s in‑house developed Gen6 technology into the flagship electric sedan, aiming to deliver superior range and faster charging capabilities.
At the heart of this project is the Gen6 lithium‑ion cylindrical cell, specifically the 4695 format, which offers a 20 percent higher volumetric energy density than the prismatic cells used in the previous Gen5 system. By combining the Gen6 cell technology with the established Gen5 module design, the high‑voltage battery enables a significantly increased driving range for the BMW i7. Additionally, the new setup boosts charging capacity and cuts charging time, greatly benefiting customers. The world premiere of this model is scheduled for 22 April at Auto China 2026 in Beijing.
Rimac Technology, a Tier 1 supplier within the Rimac Group, produces these high‑voltage batteries using state‑of‑the‑art equipment at its Croatian facility. The batteries are then delivered ready for assembly to the BMW Group Plant Dingolfing, the sole production site for the BMW 7 Series. Known for its in‑house development of battery systems, e‑axles, electronics and software, Rimac offers highly customisable electrification solutions. This long‑term partnership with BMW marks Rimac’s evolution from a niche supercar supplier to a Tier 1 provider for high‑volume vehicle projects.
Dr Thomas Engelhardt, Senior VP Development High-Voltage Storage and Charging, BMW Group, said, "We are quickly rolling out the technologies of the Neue Klasse across our entire model portfolio – including, of course, in our all-electric luxury sedan. The teams of both companies have developed a tailor-made solution for the new BMW i7. The excellent collaboration with Rimac Technology is a good example of European innovative strength."
Mate Rimac, Founder and President, Rimac Group, CEO and CTO Bugatti Rimac, said, “BMW has always been known for pushing engineering to the highest level, which made this collaboration especially exciting for us. Together, we developed a high-voltage battery system that unlocks the full potential of the new cylindrical cells in record time, delivering significant improvements in energy, range and charging performance. We are proud to now see this system being produced at scale at our new Rimac Campus.”
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