- Clean Electric
- Nitin Gadkari
- Akash Gupta
- Ankit Joshi
- XFC
- Abhinav Roy
- Kalaari Capital
Clean Electric claims its XFC battery tech for EVs will allow complete charge in 12 minutes
- by MT Bureau
- June 18, 2024

Clean Electric, a startup working on XFC battery technology for electric vehicles, has unveiled what it claims is its revolutionary rapid recharging battery technology that can fully charge electric vehicles in under 12-minutes (claimed).
This groundbreaking advancement represents a major leap forward, with EV charging times ranging from 60 minutes to 120 minutes. Its proprietary battery technology uses universal CCS 2 DC charging standards, ensuring compatibility across all EV model form-factors, positioning it as a game-changer for the entire industry.
The fireproof batteries had been tested for 3700 rapid charge cycles with only 11 percent degradation in the overall range. The energy storage solution firm manufactures the batteries at its state-of-the-art manufacturing facility in Pune, the plant is well-equipped to produce up to 1,200 battery packs per month.
The groundbreaking technology by Clean Electric, is said to have been under development for 4-years and is backed by 4 granted patents both domestic and US. Its battery architectures had several industry-first technologies, such as direct contact liquid cooling (DCLC) for e-four-wheeler and large battery systems, self-contained adaptive active liquid cooling (SCALC) for e-two-wheelers and e-three-wheeler battery systems and DCLC with Integrated cell to pack (CTP) battery architecture, which will allow intrinsically safe batteries, mitigating thermal runaway risk, and enable RAPID Charging with higher packaging efficiency to boost EV range without added degradation.
The start-up is currently working with EV OEMs in e-car, e-two-wheeler, e-three-wheeler, e-LCV, and established startups to address major roadblocks to enable mass adoption. Some of the poignant issues include EVs catching fire, anxiety from long charging times (minimum 1 hour), and the limited range (200-300km) of current EVs.
Clean Electric recently held a live demonstration in Pune, showcasing a 2.2 kWh e-two-wheeler battery & 12.5 kWh e-three-wheeler, charging from 0-80 percent State of Charge (SOC) in just 10 minutes at a constant of 5C charge rate using BIS-approved Type 6, Bharat DC-001 and globally accepted CCS 2 DC public charger, making it the world’s fastest- charging production electric vehicle.
The start-up was founded by Akash Gupta, Abhinav Roy & Ankit Joshi in 2020 to develop, manufacture, and supply advanced energy storage solutions for EVs and grid applications. It has built advanced liquid-cooled battery solutions for two-, three-wheelers, e-cars and grid storage.
Ankit Joshi, Chief Product Officer, Clean Electric said, “This is a revolutionary moment for all of us at Clean Electric, our proprietary 12-minute charging technology sets a new global standard that will drive the EV industry forward. Committed to sustainability, we strive to democratize RAPID Charging for EVs coupled with long battery life, reducing environmental impact and shaping the future of electric vehicles. Clean Electric plans to introduce Gen 3 batteries next fiscal year, enabling affordable, high-energy density batteries to take rapid charging to the masses.”
Akash Gupta, Co-Founder, Clean Electric stated, “We support Transport Minister Nitin Gadkari’s audacious vision to stop the production of new fossil fuel based combustion engine vehicle by 2034, I firmly believe Clean Electric will be the strongest catalyst in the EV-ecosystem to enable shift to renewable energy powered electric vehicle, also we need to add ‘Design in India’ to the narrative of ‘Make in India’ and make India technology powerhouse globally for other country to follow India’s footsteps/ successful scalable models/ solutions to benefit human mankind.”
Clean Electric has raised seed funding of $2.2 million (INR 183.2 million) in October 2022 led by Kalaari Capital.
- Revfin
- electric vehicle
- lending
- Bajaj Auto
- L5
- Anirudh Gupta
- Abhinandan Narayan
- Monish Vohra
- Sameer Aggarwal
Revfin Appoints Senior Leadership as Part of FY2026 Expansion Plan
- by MT Bureau
- April 17, 2025

Digital lending platform Revfin has strengthened its management with the appointment of three senior executives as part of its FY2026 strategy, targeting INR 7.5 billion in disbursements and 5x growth over the past two years. The company also expects to cross INR 20 billion in cumulative disbursements since inception.
The new appointments include Abhinandan Narayan, Chief Business Officer – New Business, Monish Vohra, COO – Operations & Collections and Anirudh Gupta, Chief Finance & Strategy Officer. The appointments the company shared aligns with its focus on ‘People, Process, Profitability.’
Furthermore, Revfin has outlined its ambition to finance 24,000 EVs in FY2026. Till date, it claims to have financed over 85,000 EVs across 25 states, with 75 percent of borrowers from marginalised communities. Cumulatively, its driver partners have covered 1.6 billion electric miles and earned over USD 400 million.
In FY2025, the company grew its L5 EV loan book by 1,700 percent, supported by a partnership with Bajaj Auto and expanded collaborations with logistics firms. The L5 segment remains a key focus as a replacement for ICE vehicles in urban transport.
Sameer Aggarwal, Founder & CEO, Revfin, said, “The last financial year was a volatile one for the EV industry, but the excitement and energy within the sector remain undiminished. At Revfin, we are deeply convinced that intracity and small commercial vehicles must – and will – transition 100 percent to electric within the next three years. The opportunity is here and now. It’s time to set bold targets and pursue hypergrowth over the next two years. At this critical juncture, the right leadership becomes essential to realizing our ambitions. With the strong momentum we’ve already built, we’re confident the journey ahead will be even more rewarding. We’ve entered 2025 with a sharp focus on what truly matters: People, Processes, and Profitability. These latest leadership hires are a natural extension of that focus and our commitment to scale with purpose.”
- Matter Energy
- Matter Aera
- electric motorcycle
- Mohal Lalbhai
Matter Launches Aera E-Motorcycle In Bengaluru, First Experience To Come Up Soon
- by MT Bureau
- April 17, 2025

Ahmedabad-based clean energy company Matter has launched its flagship electric motorcycle – the Aera, in Bengaluru at an introductory price of IRN 179,000 for the first 500 customers, post which it will be available at INR 188,000. The company has started taking pre-registrations for the e-motorcycle at INR 1,999.
Furthermore, the company has also announced that its first Experience Hub will come up at BTM Layout, which will showcase its tech prowess and philosophy firsthand.
The Matter Aera is claimed to be the world's first electric motorcycle with manual gears – 4-speed transmission, 3 ride modes that delivers 12 unique ride combinations. It features a 7-inch Smart Touchscreen Dashboard, onboard charger and liquid cooled powertrain. The e-motorcycle has a claimed IDC range of up to 172km, a zero to 40 kmph in 2.8 seconds, dual disc brakes with ABS, telescopic front fork and dual rear suspension.
Mohal Lalbhai, Founder & Group CEO, Matter Energy, said, “There’s no better city to lead this journey than Bengaluru—where innovation isn’t just an idea, it’s a way of life. Every lane, every rider here resonates with purpose and progress. The Aera isn’t just a bike – it’s the 22nd Century motorbike. It delivers the thrill of a rocket and the practicality your pocket loves. With our in-house developed Hypershift manual gearbox, liquid-cooled powertrain, and connected tech, AERA brings together performance, emotion, and sustainability like never before.”
- Kia
- Kia EV3
- 2025 World Car of the Year
- 2025 World Car Awards
- New York International Auto Show
- Electric Vehicles
- EVs
Kia EV3 Named 2025 World Car Of The Year
- by MT Bureau
- April 17, 2025

The Kia EV3 has won the prestigious ‘2025 World Car of the Year’ award at the globally renowned 2025 World Car Awards ceremony, held during the New York International Auto Show (NYIAS).
A jury of 96 distinguished worldwide automotive journalists from 30 nations assessed the 2025 World Car Awards. With the EV3's triumph, Kia has now won six World Car Awards since 2020. The EV3 has a dramatic, forward-thinking design and a creative, useful interior that makes the most of available space, comfort and utility. The EV3 can charge from 10 to 80 percent in 31 minutes and has a segment-leading range of up to 375 miles (around 603 kilometres). While Kia's AI Assistant, advanced driving assistance systems (ADAS) and Over-the-Air (OTA) upgrades improve the ownership experience with cutting-edge technology, the vehicle's creative interior design maximizes room, comfort and accessibility.
Ho Sung Song, President and CEO, Kia, said, “It is an immense honour for everyone at Kia that the EV3 has been awarded the 2025 World Car of the Year title. This award highlights Kia’s global leadership in providing design-led, technologically advanced, sustainable mobility solutions and how the EV3’s class-leading attributes redefine the user experience for customers worldwide.”
- Hyundai
- Hyundai INSTER
- Sub-Compact EVs
- 2025 World Electric Vehicle
- 2025 World Car Awards
Hyundai INSTER Named 2025 World Electric Vehicle
- by MT Bureau
- April 17, 2025

The Hyundai INSTER sub-compact EV has won the prestigious 2025 World Electric Vehicle award at the globally renowned 2025 World Car Awards ceremony, held during the New York International Auto Show (NYIAS).
With this recognition, Hyundai Motor Company has dominated one or more World Car Awards categories for the fourth year in a row. Hyundai Motor's commitment to developing EV technology and sustainability is highlighted by the 2025 World Electric Vehicle award, which also acknowledges INSTER's exceptional value in the EV market. The finalists were chosen by a sealed-ballot jury consisting of 96 international automotive journalists from 30 different countries. On 16 April 2025, the winners were revealed at the 2025 NYIAS. With its unique design, remarkable driving range and state-of-the-art technology, INSTER is the market leader in the sub-compact EV sector. A 10- to 80-percent charge can be made in around 30 minutes thanks to INSTER's quick charging technology, and the 49-kWh long-range variant has a range of up to 370 kilometres.
José Muñoz, President and CEO, Hyundai Motor Company, said, “The Hyundai INSTER has been a winner with customers since we introduced it. It’s very gratifying that the experts on the prestigious World Car Awards jurors feel the same way. The combination of compelling design, range, enjoyable driving characteristics, intuitive infotainment and technology that customers appreciate is emblematic of Hyundai’s approach of delivering exceptional value to our customers. The fact that our global portfolio is successful both commercially and critically speaks to the hard-working people throughout the Hyundai value chain who are delivering some of the best vehicles on the road today. Thank you to all the jurors for your service to this great industry.”
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