Ashok Leyland gets CMVR certification

Mumbai: Ashok Leyland on Wednesday said it has received Central Motor Vehicle Rules (CMVR) certification for its LNG fuel Truck -- AVTR UF3522, and its variants from the Automotive Research Association of India.             

The company said as a part of the green mobility agenda, it aims to bring alternative fuel-based vehicles which can provide the same efficiency and range as its internal combustion engine-driven models.

AVTR UF3522, which is based on the modular truck platform AVTR, is an effort to bring clean and safe vehicles to all its stakeholders, Ashok Leyland said. 

JSW Group ties up with ElectricPe to develop EV charging infra

JSW Group has partnered with ElectricPe to develop EV charging infrastructure across its offices in a move that will enable its employees to get access to 1 lakh charging points on the latter's platform.            

As part of the collaboration, the platform has already enabled the required charging infrastructure at the group's city-based headquarters and these services will soon be expanded at its other offices, JSW said in a statement on Wednesday.

ElectricPe is a B2C EV charging and demand generation app that offers EV users a one-stop platform to identify, access, and pay for EV charging points.

Alt Mobility launches financial solutions for electrification of commercial fleets * IIT Delhi-based commercial fleet leasing platform Alt Mobility has launched a structured finance solution to mobilize low-cost debt finance from domestic and international financing institutions for electrification of commercial fleets in India.

Under this structure, the company said, it has signed an initial pact with two non-banking financing institutions, which are focused on EV financing for a commitment of USD 25-million over the next 12 months.

According to Alt Mobility, an estimated 80 per cent of EV OEM sales are from B2B logistics and aggregation companies, seeking asset light, low-cost, flexible and turnkey fleet solutions for switching their fleets to electric.

Gaming platform Lysto raises $12 mn from Tiger Global, others *Gaming platform Lysto has raised USD 12 million (about Rs 95 crore) in a pre-series-A funding round led by Square Peg, Beenext and Tiger Global.

The Bengaluru and Singapore-based platform on Wednesday said the funding round also saw participation from some institutional as well as gaming and crypto investors, such as Hashed and Better Capital.

Leading angel investors Balaji Srinivasan (ex-CTO, Coinbase), Paul Veradittakit (partner at Pantera Capital), Binny Bansal (co-founder of Flipkart) and Bobby Ong & TM Lee (co-founders of CoinGecko), among others also participated in the funding round. Lysto builds tools to enable verified on-chain digital credentials from issuers to gamers through the proof of play protocol.

Rays Power Infra inaugurates solar plants in Karnataka *Rays Power Infra on Wednesday announced the inauguration of 150MW grid-connected solar power plants in Raichur and Koppal, Karnataka.

This project will approximately reduce 1,56,400 tonne of CO2 and produce 2,40,000 MW of green energy per year, a company statement said.

Rays Power Infra is one of the leading solar players in the country with a commissioned 1.15 GWp portfolio.