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EV Sector Funding Investment: EV sector has swerved back into funding avenue. But why are investors staying cautious?, ET Auto

EV Sector Funding Investment: Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire EV ecosystem. ....

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EV sector has swerved back into funding avenue. But why are investors staying cautious?

Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire EV ecosystem. ....

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This woman-run startup uses crop residue to create bio-batteries

Nikita and Nishita Baliarsingh, co-founders of Nexus Power | Photo Credit:
Nexus Power
Solving three problems at once, Odisha startup Nexus Power uses crop remnants to create bio-organic, fast-charging batteries for electric vehicles
An old Biochemistry book from their grandfather’s library was the inspiration for Odisha-born sisters Nikita and Nishita Baliarsingh to create an electric vehicle (EV) battery from crop residue. “It is still so clear in my mind. There was a statement that read, ‘Proteins may have potential benefits in electrolytes’. That was the turning point. We pushed ourselves into continuous research and development and founded Nexus Power in April 2019,” recalls Nikita. ....

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