- Vedanta Group
- Hindustan Zinc
- Aesir Technologies
- Prashuk Jain
- Vedanta Nico
- Nickel-Zinc batteries
- electric vehicles
- International Energy Agency
- IEA
Vedanta Nico to be key supplier for Aesir Technologies’ nickel-zinc EV batteries
- By MT Bureau
- July 29, 2024
Vedanta Nico, one of the leading nickel producers in India, has signed a strategic Memorandum of Understanding (MoU) with Aesir Technologies, a US-based company working in the field of advanced battery tech.
The partnership will build on Hindustan Zinc’s existing collaboration, Vedanta Nico has now joined forces to develop and commercialise Nickel-Zinc (NiZn) batteries for critical infrastructure, 5G telecom, and electric vehicle chargers (EVC), positioning both companies at the forefront of the global shift towards sustainable energy.
Under the MoU, Vedanta Nico will be the preferred supplier of nickel, a critical component in AEsir Technologies’ next-generation batteries.
The nickel-zinc batteries are claimed to provide substantial advantages over current battery technologies, including higher energy density, power, enhanced cost efficiency, rapid charging, and superior performance, making them ideal for the rapidly growing energy storage and EV market.
Nickel plays a crucial role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan. Nickel-rich batteries, such as nickel-zinc variants, offer best-in-class fast charging, reduce reliance on cobalt, and improve the overall EV value proposition.
The partners state that the global demand for nickel in batteries is projected to surge from 150,000 tonnes in 2020 to 500,000 tonnes by 2025, driven by the expanding EV market adoption.
The International Energy Agency (IEA) forecasts that the number of electric cars will rise from over 10 million in 2020 to 145 million by 2030, spurred by larger battery capacities, faster charging, and advancements in reducing cobalt use.
Hindustan Zinc, a Vedanta Group company and the world’s second-largest integrated zinc producer has also recently signed an MoU with AeVsir Technologies for the supply of zinc for these new-age nickel zinc batteries. Hindustan Zinc’s expertise in producing metals for emerging clean-tech applications align perfectly with objectives of this partnership.
The company is said to be one of the largest product portfolios of zinc in the world, and is exploring emerging applications of the metal in the battery storage segment to support the global energy transition.
Prashuk Jain, COO, Vedanta Nico said, “We are thrilled to partner with AEsir Technologies to create a game-changing battery solution for the critical infrastructure, 5G telecom, and EV market. Our expertise in nickel production, coupled with AEsir’s innovative zinc battery technology, positions us to deliver a product that meets the evolving needs of the industry. This collaboration aligns with our vision of contributing to a sustainable future through responsible mining and value-added products.”
Randy Moore, CEO & Co-Founder, Aesir Technologies said, “Energy storage is at the forefront of innovation in the energy transition. Nickel-zinc batteries represent a low-cost, sustainable, and safe alternative to lead-acid and lithium batteries in the markets we serve. Our collaboration with Vedanta Nico provides critical raw materials for the development of these next-gen batteries, supporting our commitment to sustainability.”
Nawgati Launches Aaveg Pro Fuel Retail Platform At PDAP AGM 2026
- By MT Bureau
- March 23, 2026
Nawgati has announced the launch of Aaveg Pro, an integrated operations platform for petroleum dealers, at the Petrol Dealers Association Pune (PDAP) Annual General Meeting. The system is designed to digitise fuel station management within the Indian retail ecosystem.
Aaveg Pro serves as a digital operating system to replace manual workflows in fuel retail. The platform consolidates several critical station functions into a single interface:
- Sales and Inventory: Features include shift-level nozzle reconciliation, live inventory tracking and stock variation control.
- Financial Accounting: The system supports VAT, GST, cess and surcharge handling to maintain audit-ready records and real-time balance sheet visibility.
- Fleet and Credit Management: Dealers can manage digital fleet contracts, consolidated invoicing and credit risk monitoring.
The platform is designed to integrate with existing station infrastructure, such as dispensers, CCTV systems, fuel storage compressors and vehicle-tracking systems, to provide operational oversight.
Vaibhav Kaushik, Co-Founder & CEO, Nawgati, said, “The launch of Aaveg Pro reflects our continued commitment to building solutions that solve real operational challenges for fuel dealers. Fuel retail in India still relies heavily on fragmented and manual workflows across accounting, stock monitoring, reconciliation, and customer credit management. With Aaveg Pro, we are bringing these critical functions onto one integrated platform so that dealers can operate with greater visibility, control, and efficiency.”
Aalaap Nair, Co-Founder, Nawgati, said, “Aaveg Pro has been built specifically for the day-to-day realities of fuel retail operations in India. From shift-level reconciliation and stock tracking to consolidated fleet invoicing and live financial reporting, the platform is designed to reduce complexity and improve decision-making at the station level. Our goal is to help dealers move away from manual processes and adopt a smarter, more scalable way of running their businesses.”
Mahindra’s Charge_iN Partners HPCL To Expand EV Charging Network
- By MT Bureau
- March 20, 2026
Charge_iN by Mahindra and Hindustan Petroleum Corporation (HPCL) have signed a strategic agreement to develop electric vehicle (EV) charging infrastructure at HPCL retail outlets across India. The collaboration aims to utilise HPCL’s national fuel station network to increase the availability of public charging points for electric four-wheelers.
HPCL currently operates over 24,400 retail outlets and has installed more than 5,400 charging stations under its HP e-Charge brand. The new stations established through this partnership will exclusively feature 180 kW dual gun chargers, designed for high-speed charging.
The deployment is intended to support the transition to green transportation in India, currently the third-largest automotive market globally. The agreement focuses on building an ultrafast charging network to improve reliability and reduce charging times for EV users.
The partnership aligns with the government's objective of strengthening public EV infrastructure. By integrating chargers into existing fuel stations, the companies aim to provide a platform for nationwide expansion and seamless access for drivers.
Bijliride Announces Expansion To 25 Cities Via Franchise Model
- By MT Bureau
- March 20, 2026
Electric mobility startup Bijliride has detailed plans to expand its franchise network to more than 25 Indian cities. Operating under a Franchise Owned–Franchise Operated (FOFO) model, the company aims to onboard 30 franchise partners by March 2027 and scale its fleet to between 10,000 and 15,000 electric two-wheelers within the next 18 months.
The expansion the startup claims is projected to drive 150 percent growth in fleet operations. Bijliride has identified several urban mobility markets for this phase, including:
- Tier 1 Cities: Mumbai, Delhi NCR, Bengaluru, Chennai, and Kolkata.
- Emerging Hubs: Hyderabad clusters, Jaipur, Patna, Lucknow, Ahmedabad, and Kochi.
- Logistics Centres: Nagpur, Indore, Surat, and Visakhapatnam.
The strategy targets demand from logistics operators, gig economy platforms and urban commuters.
Under the FOFO structure, local partners own and manage the fleets while Bijliride provides the technology infrastructure. This includes real-time vehicle tracking, battery management protocols, and rental management systems.
The partners have to commit to a minimum of 50 electric two-wheelers to begin with, an initial investment of around INR 1.4-1.6 million, with a projected breakeven in approximately 15 months under stable fleet utilisation. The startup also assists partners with driver onboarding and connects fleets with demand from local delivery businesses and gig platforms.
Shivam Sisodiya, CEO and Co-Founder, Bijliride, said, “Electric mobility demand in India is growing rapidly, particularly among gig workers and last-mile delivery operators. At this stage, our focus is disciplined scale. The FOFO model allows us to grow responsibly by partnering with local entrepreneurs who understand their markets while leveraging our technology platform and operational systems. This structure enables us to expand faster while ensuring fleets are managed efficiently on the ground.”
- Donut Lab
- battery
- EV
- solid-state
- production
- vehicles
- measured
- independent
- testing
- conditions
- supercapacitor
Donut Battery’s Test Results Highlight It As A Battery And Not A Supercapacitor
- By MT Bureau
- March 20, 2026
It’s been sometime that Donut Lab has been working on producing a battery that will address the challenging needs of EVs better than other batteries have been able to do. Claiming to be the world’s first solid-state battery ready for production vehicles measured in independent testing conditions, the company has released its third test result that dispels any suspicions that the battery would be a supercapacitor rather than a battery.
The results measure the properties of its solid-state battery, evaluating its ability to retain charge when not in use. Available for download on its site, the third and most recent test follows two other tests that looked at charging speed (the test was conducted by Technology Re) using two passive cooling configurations and evaluation of capacity performance of the battery cell in hot conditions (by the VTT Technical Research Centre of Finland).
The test measuring the battery’s ability to retain charge even when not in use was carried out using a simple research setup. It was connected at room temperature to the research laboratory’s battery tester, which repeatedly measured the cell voltage every 10 seconds. Like the previous test that measured battery performance at very high temperatures, this test also began with a 1C capacity test, demonstrating that the cell was precisely the same as the other test examples.
After the capacity test, the battery cell was charged to approximately 50 percent charge and left connected to the battery tester for ten days. The cell was then discharged to measure the remaining energy capacity. The results show that the battery cell voltage stabilises during the first 10 hours after charging. Over the next nine or so days, the voltage curve continues to stabilise. A capacity test at the end of the test period confirmed that the voltage drop corresponds to the amount of energy in watt-hours.
The Donut Battery behaved in the test exactly as a battery should. If the test had been performed with a supercapacitor, the charge would have fallen linearly much faster during the same time period.
“Since we unveiled the Donut Battery, there has been a lot of speculation and theories about whether it is a supercapacitor. In all its simplicity, this test proves that it is a battery. Supercapacitors charge and discharge quickly, but they also lose their charge quickly when not in use. The Donut Battery behaves like a battery and can maintain a charge for significantly longer,” confirmed Ville Piippo, CTO, Donut Lab.
After the third test mentioned above, Donut Lab has carried out a special test to measure battery performance in a battery pack using the Verge TS Pro motorcycle that charges in less than ten minutes, making it the world's fastest-charging electric motorcycle.

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