iCreate’s EVangelise ’23 Bootcamp showcases EV tech innovations, ET Auto

This year’s EVangelise takes the competition to the next level with the introduction of funding opportunities, apart from cash prizes and incubation support. New Delhi: iCreate (International Centre for Entrepreneurship and Technology), a leading innovation-based startup incubator in India, hosts the 5-day Bootcamp of India’s largest EV innovation challenge, EVangelise ’23 at its campus near…

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Magma HDI General Insurance develops specialised insurance cover for EV batteries, ET Auto

The company has launched this cover because prevailing insurance offerings are primarily tailored for internal combustion engine (ICE) vehicles, resulting in coverage limitations for EV and HEV owners. The Poonawalla Group-owned Magma HDI Insurance is offering electric vehicle owners a ‘Battery Secure Add On’ cover that protects against any damage to the battery. The company…

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IRP to provide motor controllers for Silence urban mobility platforms, ET Auto

IRP will provide Silence with its advanced motor controllers after successfully completing strict and demanding testing, validation and homologation processes. New Delhi: IRP Systems, a leading provider of cutting-edge electric powertrain solutions for e-mobility, has signed a commercial agreement with Silence Urban Mobility, Europe’s leading urban mobility OEM. Under the agreement, IRP will provide Silence…

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BorgWarner wins more power electronics business from premium European OEM, ET Auto

Together, with next generation power supply and gate driver circuitry, the higher system efficiency enables improved vehicle range. New Delhi: BorgWarner has been awarded increased business by a premium European OEM to supply additional Combined Inverter and DC/DC Converter (CIDD) units for use in the company’s all-wheel-drive B and C segment hybrid applications. By combining…

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Chipmaker NXP forecasts profit above estimates on resilient auto, industrial, ET Auto

NXP in September said automotive demand was “pretty good” across all its markets, including China, which contributes about 30% to the chipmaker’s total revenue. Chipmaker NXP Semiconductors forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets. To protect its…

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US-based Celesta Capital to double down investment in India’s deep tech, ET Auto

Recently, US-based chipset giant Qualcomm said that it might outsource manufacture of semiconductor chips to India once the country sets up its own fab plants and Outsourced semiconductor assembly and Test (OSAT) facilities. US-based deep tech venture capital investment firm said that it would double down its spend on India’s startups that could create products…

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