100K EVs Retire in US; Batteries Enter Second Life
As over 100,000 electric vehicles retire in the US this year, their lithium-ion batteries are finding second lives in energy storage systems (ESS) rather than landfills.Many retain over 50% capacity, making them ideal for grid reliability and renewable integration. Redwood Materials, led by former Tesla CTO JB Straubel, repurposes 20 GWh of battery capacity annually.ESS built from these batteries stabilise power grids and support solar and wind infrastructure, especially in remote regions. While recycling is still dominant, the second-life battery market is projected to reach $5.2 billion by 2..
Magenta to Deploy 250+ EVs for MOVER Logistics
Magenta Mobility has partnered with logistics tech platform MOVER to deploy and manage over 250 electric vehicles across major metros including Delhi NCR, Bengaluru, Hyderabad, and Chennai.The EV fleet will enhance delivery capacity, reduce emissions, and lower operating costs for MOVER. “With MOVER, we’re showing that sustainability and scale go hand-in-hand,” said Maxson Lewis, CEO, Magenta Mobility.The partnership aims to expand into Tier 2 cities within two years, capitalising on MOVER's tech-driven, asset-light model, especially in regions with fuel-based vehicle restrictions. This ..
EFC Secures Rs 57 Cr Interior Fit-Out Contract from MNC
EFC (India) Ltd has been awarded a Rs 57 crore interior and fit-out contract by a leading multinational company. Scheduled for completion in 90 days, the project falls under the company’s design and build (D&B) division.The scope includes comprehensive commercial interiors, underscoring EFC's capabilities in large-scale infrastructure development. “This contract reaffirms our execution strengths and consistent quality,” said Umesh Sahay, Managing Director, EFC.The win marks another step in EFC’s expansion across integrated infrastructure services, reflecting the increasing trust of..
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