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Log9 Mobility avails INR 10 cr debt financing facility to speed up Growth of EVs


Log9 Mobility, a wholly-owned subsidiary of superior battery-tech startup Log9 Supplies, right now introduced that it has availed INR 10 crore debt-financing facility from sustainable power financing agency cKers to speed up the deployment of EVs built-in with Log9 Materials’s fast-charging batteries underneath a Mobility as a Service (MaaS) mannequin, an organization assertion mentioned.

Log9 shall be creating superior cell chemistries which can be utilized in battery storage applied sciences throughout mobility and stationary storage options added to the corporate. These batteries shall be optimised for Indian circumstances and supply 9x energy, 9x cycle life and 9x efficiency – being charged from 0-100% in 12 minutes for a 2-wheeler and 35 minutes for a 3-wheeler respectively.

Akshay Singhal, Founder & CEO, of Log9, mentioned, “Log9 is constantly engaged on integrating its battery expertise with Electrical Car OEMs for various kind components together with e2-wheelers, e3-wheelers, e4-wheelers and e-buses.”

Talking concerning the partnership, Deepak Gupta, Enterprise Growth Head, cKers mentioned “cKers has been investing in EVs for over 2 years now and has already dedicated traces enabling the deployment of over 3,000 e2Ws and 1,000 electrical e3W-loaders, giving it a head begin in financing clear mobility.”

“We have now launched our Driver-cum-owner (DCO) program which can create accessibility of inexperienced finance for drivers trying to turn into homeowners and shift from conventional fossil fuel-based ICE automobiles to EVs,” he added.

Log9 Mobility is deploying over 1,000 Omega Seiki’s Vary+ RapidEV three-wheelers underneath the MaaS mannequin with third-party logistics (3PL) service suppliers, acknowledged an organization launch.

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