This week in Automotive: Battery & charging infrastructure breakthrough a boost for auto startups with the rising sales of smart vehicles

Latest Industry Insights from Draup Braindesk

E.V. Startups have experienced a steep rise in the past few years due to increased environmental concerns and the market shift towards greener mobility. 

  • The electric vehicle startup landscape is vast. It includes companies offering automobile solutions such as electric drive systems and batteries and developing infrastructure for battery charging and vehicle-to-grid network. 
  • With rising concerns for the environment and national governments pushing for greener mobility, electric vehicle startups have seen a boom in the last three years. 
  • Plug and Play Tech Center, Los Angeles Cleantech Incubator, and ClimateLaunchpad are amongst the most active investors by the number of investments. 
  • Commercial vehicles, vehicle-as-a-service, batteries, ride-hailing, and plug-in charging are some of the top business models attracting significant funding. 
  • Automakers are investing heavily in electric vehicle technology, which stands at USD 19 Bn in the United States, USD 21 Bn in China, and USD 52 Bn in Germany (till 2018).  

Startup Stack: E.V. charging solutions, battery development and management, and electric drive systems are the key focus areas for startups to enhance electric mobility. 

  • E.V. Charging Infrastructure – E.V. charging infrastructure encompasses charging stations and charging management software to recharge the electric fleet with intelligent management and connectivity components. 
  • Battery Development – Researchers are extensively involved in developing high-capacity E.V. batteries using graphite anode materials to double the driving range and enable rapid charging to more than 80% capacity in five minutes. 
  • Electric Ridesharing – Ridesharing companies are adopting electrification solutions across their fleets to maximize driving time and revenues. 
  • Automated Battery Swapping – E.V. companies are developing automated battery swapping systems using modular battery packs and replace a depleted battery with a fully charged battery in 10 minutes. 
  • Electrified Powertrain – E.V. powertrain comprises of converter, motor, battery management system, thermal management system, and body control module to deliver the power required to move the wheels. 

Latest Reports Published in Draup

Robert Bosch GmbH account intelligence report: Robert’s digital initiatives aim to optimize production. They are leveraging advanced technologies to pioneer advancements. Through this model, Robert GmbH will position its future goals in enhancing its capabilities across digital offerings. Read More>>
Michelin account intelligence report: Michelin’s digital offers advanced solutions to its customers. Through this model, Michelin will position its future goals in enhancing its capabilities across digital offerings. Sales decreased by 15% in FY2020 compared to FY2019 due to decreased sales. Read More>>

Key Funding Alert

Magenta E.V. Solutions raises USD 15 Mn in Series-A funding round

The Mumbai-based electric vehicle (E.V.) charging solutions company Magenta E.V. Solutions Pvt. Ltd. received funding from Dr. Kiran C Patel. The company will use the fund to develop E.V. charging solutions and grow an international footprint. Read More>>

Startup Spotlight

Company – Ottopia 
HQ Location – Tel Aviv, Israel
Total Funding – USD 12 Mn
About: Ottopia’s proprietary platform enables humans to control any vehicle remotely in a safe and cyber-secure manner. Ottopia is the only teleoperation company researching, developing, testing, and providing critical technologies to provide a reliable teleoperation platform. Read More>>

Key Insights and Signals in Automotive

Centre set up and expansion
BMW, Alibaba open new technology ‘incubator’ center in Shanghai 
The center has set an initial three-year target to provide at least 300 companies with advanced cloud computing infrastructure from Alibaba and access to BMW specialists and business units via BMW Startup Garage. Read More>>
Daimler India opens virtual reality center 
The operators will use a digital model accessed via 3D goggles and navigational joysticks. The VRC can transform both research and development (R&D) and vehicle servicing procedures, reducing the need for custom-built tools, prototype vehicles, and service bays. Read More>>
General Motors will invest USD 40 Mn in the historic Pontiac stamping plant 
The historic Pontiac stamping plant will renovate the almost 90-year-old facility and add more flexible fabrication machinery. The facility currently handles sheet metal stamping for G.M.’s Factory Zero and Orion Assembly plants. Read More>>
Volvo opens Hydrogen fuel lab
According to the company, the lab provides “unique conditions” to test and develop hydrogen fuel cell solutions in heavy construction machines and other applications. Read More>>
Deal and Deal renewal 
BorgWarner earns first global eTurbo business for high-voltage hybrid vehicle application 
BorgWarner’s advanced electric boosting technology provides significant engine efficiency and performance benefits while also enabling the automotive manufacturer to meet increasingly strict emissions regulations. Read More>>
Air Liquide inks hydrogen deal with Daimler Trucks 
Daimler Truck will house the system on its testing sites. The supplied liquid hydrogen will be produced at one of Air Liquide’s liquefaction plants. Read More>>
Tata Motors wins USD 6.05 Mn CESL contract for 300 EVs  
Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), has placed a Letter of Award with the company to procure “300 electric cars with three years of warranty. This will consist of 300 four-wheeler electric cars (whose length is less than 4 meters) and range equal to or more than 250km.” Read More>>
Fisker and Onto sign agreement for delivery of up to 700 vehicles in 2023 to support the growth of next-generation E.V. mobility 
Customers get the latest E.V.s with insurance, public charging, and servicing; all included through a monthly subscription. With an active fleet of more than 3,000 vehicles in operation with both private and business customers across the U.K., Onto has pioneered new ways to enable drivers to access electric cars without the need for lengthy lease contracts. Read More>>
Audi, Porsche select Multimatic as LMDh chassis partner 
The firm has previously constructed LMP2 machinery, was involved in the development and operation of the Ford Chip Ganassi Racing GTE program. Read More>>
Ford commits to manufacturing batteries to form a new J.V. with S.K. Innovation to Scale NA battery deliveries 
The J.V. will be called BlueOvalSK and will produce approximately 60 GWh annually in traction battery cells and array modules, starting mid-decade, with the potential to expand. Read More>>
Hero MotoCorp partners with ADLOID to launch its A.R. showroom 
Using its proprietary technology, ADLOID has added enhanced features like hotspots, configurators, remote sales assistance, and more. This technology revolutionized digital buying experiences and was recently used by Tata Motors to launch its flagship products. Read More>>
Executive Movement
BMW’s N. America boss Kuhnt will take charge of the German market 
Sebastian Mackensen, a former Volkswagen Group executive with U.S. market experience, will take over as head of North America effective Sept. 1. Read More>>
M&M appoints Toru Saito as President & CEO of Mitsubishi Mahindra Agricultural Machinery Co Ltd 
For the past six years, he was associated with Audi, and his most recent role, before joining Mahindra has been that of the President, Audi Japan Sales KK. Read More>>
Former Mahindra MD Pawan Goenka joins Bosch as an independent director  
Goenka, 66, who joined M&M in 1993, retired from the company after a 27-year stint which saw the birth of Scorpio, XUV500, XUV300, Marazzo, Thar, Verito, Supro, e2o, Blazo, and a range of tractors. Read More>>
Satoshi Uchida appointed as new Company Head, Suzuki Motorcycle India 
Before being appointed as the Company Head, Uchida has worked at Suzuki Motorcycle India and as Deputy Executive General Manager- Motorcycle Operations (India/Middle-East/Africa) at Suzuki Motor Corporation, Japan. Read More>>
Mergers and Acquisitions
Isuzu acquires U.D. Trucks from the Volvo Group
Under the deal, the two original equipment manufacturers (OEMs) created a 20-year strategic alliance within commercial vehicles, and upon completion of the acquisition, it became operational. Read More>>
Toyota obtained the self-driving division of Lyft in a USD 550 Mn deal 
The company’s subsidiary, Woven Planet Holdings, carried out the whole deal. It started doing business in January, and its primary job is to invest in innovative technologies such as smart cities, automated driving, and advanced robotics. Read More>>
New product development
Audi developing concept for HPC charging parks 
Audi will create a pilot in the second half of the year to test a possible series application. The core of the concept is “premium” HPC charging in combination with a lounge offer. The power supply is to run via buffer storage. Read More>>
New Ford models can get over-the-internet software updates 
At present, the updates are only available to about 100,000 owners of 2021 model year F-150s, Mustang Mach-Es, and the upcoming Bronco, but Ford plans to spread the tech across its entire lineup as models are updated. Read More>>
TVS reportedly developing a 310cc adventure bike 
Apart from the G 310 duo, TVS also benefited from the partnership (BMW) with a lean, mean, sporty machine in the form of the Apache RR 310, currently sold in India under the TVS brand. Read More>>
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