Toyota made a splash in India recently by showcasing a flex-fuel hybrid vehicle. This amounted to a logical step in its efforts to highlight its work in the area of alternative fuel technologies soon after it supplied the Union Transport Minister, Nitin Gadkari, with a hydrogen fuel cell car. The year 2022 has been a year of much action and words in the area of alternative fuels in India. The Brazilian Ambassador to India, d. Andre Aranha Correa Do Lago, said in his speech at the recent SIAM Annual Convention that Brazil and India are the two largest sugarcane producers and have the potential to produce enormous amounts of ethanol. “Brazil will work with India on flex-fuel technology, sustainable aviation fuels, second generation ethanol, hybrid flex-fuel vehicles, fuel cells etc.,” he averred.
At the same event, Gadkari mentioned that through innovation, science, research, technology and entrepreneurship, the auto industry should convert knowledge to fuel and devise alternative fuel technologies. Stating that the petroleum product import is amounting to INR 16 trillion and is a challenge for the country, he averred, “I am happy to see good growth of electric vehicles across segments. Around 1.5 million EVs have been registered and the overall sales figure is up by 162 percent. The sales growth of electric two-wheelers is 425 percent, electric three-wheelers is 75 percent, electric four-wheelers is 230 percent and electric buses is 1,600 percent. The number of new start-ups in the domain is 250.” In October 2022, Chinese electric automaker BYD announced the launch of its second electric vehicle in India in the form of an electric SUV called the Atto 3. It will commence sales starting January 2023.
As electric vehicles continue to gain strength across segments, it is the two-wheeler segment that seems to gain in sales numbers the most. No surprise then that Taiwanese electric two-wheeler major Gogoro is expected to launch electric scooters in India soon. The company has been having a tie-up with Hero MotoCorp in India for some time now and the two are said to be working on developing a battery swapping technology that is suitable for the local and regional requirements. Hero MotoCorp and Gogoro are not the only ones; there are other companies too – like Sun Mobility – that are already working on battery swapping technology.
With the need for smart grids and a battery charging infrastructure growing as part of the thrust towards alternative fuel technologies to achieve net-zero carbon emissions, the question being asked is: which alternative fuel technology will finally triumph with efforts being made in various areas and directions? A portion of the auto industry is betting on hydrogen as the ultimate alternative fuel. Another portion of the industry is betting on flex-fuel and other alternative fuel technologies, including various gases like LNG and CNG.
With countries like Russia banking on gaseous fuel as a means to reduce carbon emissions since they are available in abundance there, it is countries like India, which imports 85 percent of the fuels, that needs to find out what it has in abundance and select as the alternative fuel of choice, mentioned an industry expert from Europe. He added that a unique alternative fuel technology from India could actually lead to a global breakthrough and help mobility advance in a new direction altogether. With the possibility of such a disruption always present, the current situation is looking a bit unorganised with a variety of alternative fuels being taken into consideration.
On one hand, CNG stations are being increased and commercial vehicle operators are taking to it, while on the two-wheeler level, it is the electric vehicle technology that is gathering pace. The most diverse are the efforts at the passenger car level, where Maruti Suzuki and Toyota seem to look at hybrid and flex-fuel, whereas the ones like BYD, MG and Tata Motors are looking at electric to go net-zero carbon. The investment in BS VI technology, which promised water at the tailpipe through emissions cleaner than the air, is yet to fructify for some or many automakers and the call for rapid development in alternative fuel technologies is being summoned.
With sustainability being the mantra as the auto industry in India sees good days after a prolonged slowdown, the high inflation and resulting steep increase in vehicle prices is already threatening to spoil the party. A point of worry being that if the work on alternative fuel technologies is affected as inflation is likely to bite harder in 2023, the need to keep global temperatures from rising above the 1.5-degree Celsius mark stays. The auto industry is expected to contribute the most and also ensure sustainable, affordable and desirable mobility at the same time. A tightrope walk beckons as the mantle of alternative fuel technologies can’t be abandoned.
One thing is clear that what holds for India is what India has in abundance. Like Russia has gas, India could do well in developing technologies that can create gas from waste and other means available locally in abundance. Rather than politicising city waste that is often dumped just outside the city, it will serve if it could be turned into fuel to power automobiles as well as industrial furnaces and other machines. Afterall, despite all the efforts in electrification and other alternative fuel technologies, roughly 95 percent of the vehicles that continue to sell the world over are still powered by IC engines!
Epsilon CAM Advances Gen 3.0 LFP Cathode Validation With Global Cell Manufacturers
- By MT Bureau
- August 07, 2026
Epsilon CAM, the cathode materials business of Epsilon Group, has entered customer validation testing for its Gen 3.0 Lithium Iron Phosphate (LFP) Cathode Active Material with battery cell manufacturers across the Asia-Pacific region, Europe and the United States.
The material, launched in April 2026, records a discharge capacity of 159 mAh/g and an electrode density of 2.51 g/cc or higher. These metrics match performance benchmarks established by Chinese producers, who have historically supplied the majority of LFP cathode materials to international markets.
Epsilon CAM plans to construct a manufacturing facility with an annual capacity of 20,000 tonnes per annum (TPA) by 2028, with targets to expand output to 100,000 TPA. The expansion aims to position the company as an alternative supplier of cathode active materials outside of China.
Vikram Handa, Managing Director, Epsilon Group, said, "The global battery industry is entering an era where technology leadership must be complemented by resilient and diversified supply chains. The advancement of our Gen III LFP cathode material into customer validation with large global cell makers shows our commitment to providing cell manufacturers with high-performance, globally competitive and supply chain-resilient cathode solutions."
Product engineering for the material is conducted at Epsilon CAM's Cathode Technology Centre in Moosburg, Germany. The research hub operates alongside a 250 TPA pilot manufacturing facility and holds 149 patents in cathode chemistry, materials science and process engineering.
The non-Chinese origin of the technology and its manufacturing processes complies with United States Prohibited Foreign Entity (PFE) regulations regarding battery material provenance. This compliance provides automotive original equipment manufacturers and cell producers with a supply chain option that aligns with North American and European regulatory frameworks for electric mobility and energy storage products.
E3 Electric.AI Debuts India's First AI-Powered Intelligent Electric Scooter, the E3 TRION
- By MT Bureau
- August 06, 2026
E3 Electric.AI, a Bengaluru-based electric mobility startup, has officially entered the passenger scooter segment with the launch of the E3 TRION, a vehicle positioned as India’s first artificially intelligent electric scooter. The company unveiled the model as a new category contender, combining human-centric design with predictive intelligence and a modular architecture that enables continuous learning and adaptation over time.
The E3 TRION is built on the proprietary TRIAXISFRAME modular platform, which supports both portable and fixed battery configurations. This scalable architecture allows for multiple variants, namely the C1 with a removable battery, the C1x offering an IDC range of 165 kilometres from a three-kilowatt-hour pack and the C2 variant that achieves a top speed of 82 kmph and accelerates from 0 to 40 kmph in six seconds in Sport mode.
Central to the scooter’s intelligence is the E3 COMMANDCENTER, which includes the proprietary intelligent IoT core and cloud-based monitoring systems. This setup continuously tracks each connected vehicle, predicts potential failures before they occur, enables proactive servicing and delivers over-the-air software updates. With each ride, the system accumulates data to refine its responses, creating an evolving ownership ecosystem aimed at increasing rider confidence.
The rider interface is managed through the TRIPSENSE Intelligent Cockpit, featuring a five-inch INSIGHT DISPLAY that pairs with a smartphone for a unified experience. The system provides navigation, charging insights and AI-powered alerts, while the broader suite of over 100 intelligent functions includes a 10-second diagnostic health scan, predictive reports, a smart trip planner with charger locator, remote battery monitoring, dashcam capability, SOS assistance and geo-fencing.
Practical usability for Indian families remains a key focus, with the scooter equipped with 14-inch TRAKWHEEL wheels for improved grip and stability across varied terrains. The vehicle also features IP67 weather protection, safeguards against voltage fluctuations and the LIGHTIQ intelligent lighting system with dual projector LED headlamps and signature rear lamps. Ergonomics are addressed through ERGORIDE principles, optimising six contact points for natural visibility and comfort, while combined storage across the boot, floorboard and glove box totals up to 52 litres.
Powertrain options include a 2.3-kilowatt-hour portable VOLTPORT battery and a three-kilowatt-hour fixed battery, both using durable LFP chemistry and engineered for up to eight years of real-world use. The high-efficiency PMSM hub motor incorporates ROTORING and a detachable rim for faster servicing. Available in six colour options with various accessories, the E3 TRION is priced at an introductory ex-showroom Bengaluru rate of INR 109,999 for the C1x and INR 119,999 for the C2 variant.
Sanjeev P, Founder & CEO, E3 Electric.AI, said,"E3 Trion isn't an electric scooter with an app bolted on. It is built with AI at its core, human centric engineering and a modular future-ready platform. Every problem that's held Indian families back from going electric – range anxiety, safety, service, cost – is something we designed around from day one. We didn't want to build just another electric scooter; we set out to build an electric scooter where predictive intelligence is core to the architecture. The E3 Trion has been crafted keeping Indian families in mind, where daily commuting demands reliability, practicality and peace of mind. By making the technology adaptive and the experience intuitive, we want everyday travel to feel smoother and more dependable. This is a meaningful step towards mobility that's not only efficient but genuinely aligned with what modern Indian riders expect."
VinFast Auto India Celebrates 60th Dealership With First Bihar Outlet In Patna
- By MT Bureau
- August 06, 2026
VinFast Auto India has inaugurated its 60th retail outlet, a new 3S dealership in Patna, Bihar, marking the company’s first foray into the eastern state. The facility, established by Patliputra Motors Private Limited and led by Harsh Raj, is strategically positioned on NH-30, Bypass Road, to serve as a key access point for regional customers. This milestone comes just one year after the automaker opened its first Indian showroom, underscoring the rapid scaling of its commercial footprint.
Spanning 11,500 square feet, the Patna facility adheres to VinFast’s global retail standards and integrates vehicle sales, after-sales services and customer support within a single premises. A 3,000-square-foot modern showroom allows visitors to interact with the electric vehicle lineup, while dedicated professional teams manage the entire ownership journey. The one-stop destination is designed to handle everything from initial discovery and purchase to ongoing maintenance and care.
The expansion into Bihar reflects VinFast’s deliberate strategy to penetrate tier 2 and tier 3 markets alongside major metropolitan hubs, with Patna serving as a critical gateway to eastern India. The company remains on track to reach 75 dealerships across more than 60 cities by the end of 2026. Beyond retail growth, VinFast is concurrently bolstering its domestic ecosystem through local manufacturing, charging infrastructure and strategic partnerships to support India’s sustainable mobility transition.
The company’s premium electric SUVs, the VF 6 and VF 7, have achieved 5-star Bharat NCAP safety ratings and come with comprehensive benefits, including roadside assistance, three years of complimentary maintenance, and warranties up to 10 years or 200,000 kilometres. The seven-seater VF MPV 7 offers a 517-kilometre ARAI-certified range and fast-charging capability. Customer incentives include the Value Assured Programme for buyback guarantees, complimentary charging on the V-Green network until 2029 and a ‘Trade Gas for Electric’ initiative to facilitate the switch from internal combustion engine vehicles.
Tapan Ghosh, CEO, VinFast India, said, “We are delighted to mark the milestone of 60 dealerships in India while establishing VinFast’s presence in Bihar for the first time. This marks an important step in our growth journey and opens up new opportunities in a promising market in eastern India. VinFast remains committed to building a strong retail and after-sales network and accelerating the adoption of green mobility across the country.”
- River Mobility
- Series C
- Aravind Mani
- Vipin George
- Elev8 Venture Partners
- Claypond Capital
- Singularity AMC
- Anicut Capital
- 360 ONE Asset
- JIF Capital
- HDFC AMC
- Yamaha Motor Corporation
- Al Futtaim Group
- Mitsui & Co.
- Alteria Capital
- Innoven Capital
- Stride Ventures
River Mobility Secures $120 Million In Series C Funding
- By MT Bureau
- August 05, 2026
Bengaluru-based electric two-wheeler manufacturer River Mobility has closed a USD 120 million Series C funding round comprising equity and venture debt.
The funding round was led by Elev8 Venture Partners and Claypond Capital, with equity participation from Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital and HDFC AMC. Existing investors including Yamaha Motor Corporation, Al Futtaim Group, Mitsui & Co., Alteria Capital, Innoven Capital and Stride Ventures also participated in the round.
The company plans to utilise the capital to expand manufacturing capacity at its factory, construct a greenfield production facility, introduce products in the utility vehicle segment and support margin expansion and EBITDA targets.
River Mobility launched its Indie model in 2023 and operates over 75 retail locations across India, with plans to expand to 350 stores by March 2028.
At present, the company says its monthly EV sales have reached 5,000 units.
Aravind Mani, Co-Founder & CEO, River Mobility, said, "This funding marks an important milestone in River's journey. The confidence shown by both our existing and new investors reinforces our belief that there is tremendous opportunity to build India's first utility and design based mobility brand. This capital gives us the ability to accelerate our product roadmap, expand our manufacturing footprint and presence across the country."
Navin Honagudi, Managing Partner, Elev8 Venture Partners, said, “The electric two-wheeler market in India is entering a defining growth phase, driven by strong consumer adoption, improving economics, and increasing demand for differentiated products. River stands out for its sharp product thinking, exceptional execution capability, and a highly differentiated positioning in the market. Aravind, Vipin and the team have built a brand that resonates deeply with consumers looking for brilliant design, utility and durability. We believe River is well-positioned to emerge as one of the defining EV companies from India.”
Sekhar Garisa, Managing Director, Claypond Capital, said, “River has combined disciplined execution and thoughtful product differentiation to rapidly grow and garner customer love in a competitive market. We are excited to support the team as they scale further while contributing to the country’s energy transition and domestic manufacturing ambitions.”
Hajime Jim Aota, Chairman of Yamaha India Group, said, “River’s focus on building vertically integrated electric vehicle technology platform has been a key driver of its success. Yamaha are proud to see the progress made by River so far and are excited about being part of the next phase of growth.”

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