Swedish electric performance car brand Polestar has announced a significant advancement in battery circularity, with the Polestar 2 and Polestar 3 now featuring batteries that contain at least 50 percent recycled cobalt. This milestone underscores the company’s broader commitment to minimising reliance on virgin materials, improving value chain transparency and extending the lifecycle of critical resources.

Rather than limiting its focus to sourcing, the company prioritises preserving battery value throughout the vehicle’s life. Extended battery longevity benefits both sustainability goals and the owner’s experience. In collaboration with Volvo Cars battery centres, Polestar implements a refurbishment system where its vehicles needing a new battery receive a reconditioned unit that matches the original’s state-of-health. This closed-loop approach reduces environmental impact while maintaining performance.

Recycling partnerships are being established across all markets to align with producer responsibility regulations, further supporting efforts to maximise material recovery. These initiatives complement a design philosophy that emphasises circular material choices. Across its model range, Polestar incorporates recycled aluminium and steel, along with interior textiles such as ECONYL polyamide carpets and yarn made from PET waste. By reducing material complexity and favouring modular, mono-material solutions, the company enables customers to choose vehicles built with lower environmental impact without sacrificing safety or driving dynamics.

Since 2020, the brand has consistently pushed for greater openness around its environmental footprint, publishing detailed model-by-model lifecycle assessments and disclosing carbon emissions data across its operations. It broke new ground with blockchain technology to trace cobalt in the Polestar 2, raising the bar for supply chain accountability. Electrification is viewed not as an endpoint but as a foundation, with recent strides including smart charging integration and a 25 percent drop in per-vehicle CO₂ emissions since 2020, all achieved while introducing four new models to the lineup.

Fredrika Klarén, Head of Sustainability, Polestar, said, “To drive a Polestar is an intentional choice by customers who care about tomorrow. Electrification, powered by renewable energy and enabled by circular battery materials, points to a new kind of system: one where resources stay in use and abundance replaces depletion.”

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Suzuki has named Cork-based Ohme as its exclusive home electric vehicle (EV) charging partner in Ireland, a move that coincides with the arrival of the new e Vitara in showrooms. This collaboration builds on an existing partnership between the two companies in United Kingdom, and under the Irish agreement, Suzuki will recommend Ohme’s charging solutions to customers requiring home installation. For a limited time, retail buyers will be offered a complimentary Ohme home charger.

As part of the rollout, Ohme chargers will be displayed across Suzuki dealerships, where the company will manage the full process from supplying the hardware to completing installations, alongside providing comprehensive training and support for dealer staff. Ohme currently holds the position of the largest home EV charging provider in both Ireland and UK and is recognised as the fastest-growing company in its sector across Europe. The newly launched Suzuki e Vitara, available with 49 kWh or 61 kWh battery options, is backed by a warranty covering up to 10 years or 160,000 kilometres, inclusive of the battery.

Ohme’s dynamic chargers are designed to integrate with Ireland’s most competitive energy tariffs, automatically adjusting charging schedules to leverage the lowest-cost, greenest electricity periods. A solar boost feature further reduces dependency on the grid. When using a smart EV tariff like Energia EV Smart Drive, fully charging the e Vitara’s 61 kWh battery with an Ohme charger can cost under EUR 6, a figure based on the vehicle’s WLTP range of 426 kilometres.

David Kateley, Director of Automobile, Suzuki GB and Republic of Ireland, said, “As Suzuki’s first ever electric car, the introduction of e Vitara will be crucial for us in Ireland and our partnership with Ohme will play an important part in that car’s success. Ohme’s cutting edge technology will help to lower running costs for owners, while their commitment to customer service makes them an ideal match for us improving the ownership experience of the e Vitara still further.”

David Watson, CEO, Ohme said, “I’m delighted to announce this new collaboration with Suzuki. With Suzuki’s expertise in the four-wheel drive market, the e Vitara is a great choice for those wanting to combine 4x4 technology with electric motoring. We’re looking forward to introducing Suzuki’s customers to the benefits of dynamic charging and supporting its dealer network.”

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Delhi-NCR-based Euler Motors, an electric commercial vehicle manufacturer, has raised INR 4.37 billion (USD 47 million) in a Series E funding round. The investment was led by Lightrock, with participation from Hero MotoCorp and Blume Ventures. The company also secured an additional INR 2.5 billion in debt financing from BlackSoil, Trifecta, InnoVen and Alteria Capital.

Founded in 2018, Euler Motors focuses on the last-mile logistics segment in India. The company is the second largest player with 22 percent market share in the four-wheel electric cargo segment. To cater to demand in the country, it is expanding to over 100 touchpoints across the country.

The recent capital will be used to expand manufacturing capacity, scale the national retail and service network, and invest in core operational functions. To date, Euler Motors has raised approximately INR 19 billion (USD 229 million).

Saurav Kumar, Founder and CEO, Euler Motors, said, “This round comes at an important stage in Euler Motors’ journey. We are moving from early scale-up to the next phase of growth, where the focus is on building with greater depth and consistency across products, markets and operations. We see a significant opportunity in commercial EV segments where uptime, reliability and operating economics matter most, and we will continue to invest behind that opportunity with discipline. The combination of fresh equity and debt capital strengthens our ability to expand capacity, deepen our network and build the operating foundation required for long-term growth. We are pleased to welcome Lightrock as a new investor and grateful for the continued support of Hero MotoCorp, Blume Ventures, BlackSoil, InnoVen, Trifecta and Alteria Capital.”

Ademidun (Demi) Edosomwan, Partner and Head of Energy Access, Lightrock, said, “We are proud to partner with Euler Motors and accelerate their mission to transform commercial mobility in India. Euler Motors has built a differentiated platform in electric commercial vehicles with products purpose-built for Indian operating conditions and the demands of last-mile logistics. The company is delivering practical, scalable solutions that can drive the wider transition to clean mobility.”

Harshavardhan Chitale, CEO, Hero MotoCorp, said, “We are excited to support Euler Motors in its latest fundraise, as the company continues to demonstrate strong momentum in building ecological and scalable solutions. Their commitment to innovation, operational excellence and long-term value creation aligns closely with our vision of being sustainable and customer-centric.”

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Yuma, the Indian Battery-as-a-Service (BaaS) and electric vehicle (EV) energy infrastructure JV between Yulu and Magna International, has announced the completion of 50 million battery swaps since February 2023.

The company performed 25 million of these swaps within the last 15 months, indicating an acceleration in the growth of its network.

Yuma stated its growth is supported by an energy network designed for high-frequency fleet and delivery operations. The company reported several key performance indicators including 99.9 percent uptime availability at its network, battery swaps completed in minutes and integration of safety-first systems to maintain partnerships with OEMs and public-sector bodies.

The doubling of swap volume from 25 million to 50 million in just over a year, the company said suggests that battery swapping is becoming a primary energy solution for India's EV ecosystem. The model relies on deep integration with EV manufacturers to ensure hardware compatibility and predictable economics for fleet operators.

The expansion of the Yuma network is facilitated by collaborations with both public and private infrastructure partners. These allow for dense urban coverage and support the scaling of interoperable energy systems across the country.

Muthu Subramanian, GM & MD, Yuma, said, “Reaching the 50‑million swap mark in only three years demonstrates not only Yuma’s rapid growth, but the trust of thousands of EV users and fleet partners — and the pace at which India is embracing battery swapping as a practical, efficient and scalable energy solution. With nearly 100 percent uptime and safety-first processes, Yuma has become a trusted energy partner powering large-scale mobility solution provider.”

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VinFast Auto India has entered into a strategic partnership with CSB Bank to provide financing solutions for its dealer network and retail customers. The Memorandum of Understanding (MoU) focuses on inventory funding and auto loans to support the market entry of the VF 6 and VF 7 electric SUVs in India.

The collaboration enables CSB Bank to offer credit solutions across VinFast’s product portfolio. Retail customers can access up to 100 percent on-road funding with various repayment options. To facilitate the process, the bank will deploy relationship managers to provide on-site support at dealerships.

For the dealer network, the agreement includes inventory financing to support the expansion of VinFast’s showrooms, which the company expects to double in number during 2026. The partnership utilises CSB Bank’s national branch network to extend these financial services across diverse Indian markets.

VinFast is currently establishing an assembly plant in Tamil Nadu and developing an aftersales service system. Both the VF 6 and VF 7 models have received 5-star Bharat NCAP safety ratings.

To lower entry barriers, VinFast has introduced several financial initiatives including assured Resale and Buyback, free charging across the V-Green network until 31 March 2029. The ‘Trade Gas for Electric’ initiative, running until 31 March 2026, offers incentives of 3 percent for electric cars and 5 percent for electric two-wheelers for customers switching from internal combustion engine vehicles.

Tapan Ghosh, CEO, VinFast India, said, “Our partnership with CSB Bank is a natural extension of our approach in India, where accessibility and affordability are critical to scaling EV adoption. In markets like India, the transition to electric mobility depends not only on the product, but also on how simple and practical ownership is for customers. Through this collaboration, we aim to offer flexible financing solutions that reduce entry barriers, while continuing to build a reliable and well-rounded ecosystem. It is one of several steps we are taking to ensure a consistent, dependable, and customer-focused EV experience in the country.”

Narendra Dixit, Head of Retail Banking at CSB Bank, commented, “Electric mobility is no longer a future concept; it is rapidly becoming a mainstream choice for customers and businesses alike. As adoption accelerates, there is a growing need for accessible financing solutions that enable both customers and dealers to participate in this transformation. The Special partnership with VinFast is a step forward in that direction. By combining VinFast’s strong product vision in the EV space with CSB Bank’s financing capabilities, we aim to create a robust ecosystem that supports both retail auto buyer solutions and dealer network through tailored auto loans and inventory financing solutions.”

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