Latest news with #IITMadras-incubated
Time of India
26-05-2025
- Automotive
- Time of India
EV charger manufacturing gets turbo boost in Tamil Nadu
Tamil Nadu's electronic and electrical production ecosystem is diversifying into EV charger manufacturing . Top players such as Delta India and Eaton are looking at the entire range of chargers from small 60 kW to 350 kW as the demand switches towards fast-charging and multiple-charging guns for both big and small EVs. While India's 30,000-strong EV charging network offers huge opportunities, manufacturers are looking to export too. 'We are looking at getting into 60 kW and the 120 kW chargers very soon. We have design work going on because we want to come up with unique features that can be sold both in India and outside,' says Syed Sajjadh Ali, MD-electrical sector, India, Eaton. Eaton, he adds, would come out with its own EV chargers by the end this year. 'This will be the 60 to 120 kW segment, followed by the 240-kW charger by the beginning of next year,' says Ali. Even those well-entrenched in the EV charger business are looking to expand both product line and production as local demand rises. 'We initiated EV charger development early on in 2017-18. Initially, the demand was for lower capacity solutions, such as AC chargers and the Bharat 30-kilowatt chargers,' says Niranjan Nayak, MD, Delta Electronics India . Since then, the market has been shifting towards high kW products. 'While 60 kW was our largest DC offering until last year, we have now launched a 180-kW charger and are ready with a 350-kW product too in anticipation of market growth,' says Nayak. India needs 16,000 crore in capex to meet public EV charging demand in five years, says the FICCI EV Public Charging Infrastructure Roadmap 2030 report. 'People don't want to wait for longer while they are travelling so higher kW products are in demand,' says Nayak. EV charger makers are also offering multiple-gun products so more than one vehicle can be charged simultaneously. 'The more you increase the capacity, 350 kW or 500 kW in future, there can be two or three guns to simultaneously charge the vehicles. This is the second requirement which is coming,' he adds. What's more, the same chargers can be used for e-buses as well as e-cars. TN is one of the front-runners in both EV and EV infrastructure related manufacturing. The state comes in among the top five for EV charging stations set up by oil marketing companies – UP has 2,561 stations, Maharashtra 1,595, Karnataka 1,516, Rajasthan 1,482, and Tamil Nadu 1,448. It has also, in recent years, seen a surge in EV charger manufacturing from IIT Madras-incubated startups such as Plugzmart to the newly announced JV between Epic Energy and Fenfeo Automotive for a factory in Coimbatore. The production push is understandable given how uncertain global supply chains have become. Delta India for instance, says Nayak, manufactures its own core rectifier modules. 'Within our R&D division in India, we have a team of more than 50 engineers focused on EV charging, which collaborates and shares platforms with our global R&D efforts,' he adds. On the manufacturing front, the company has established dedicated production lines at its Krishnagiri plant, 'which we will be expanding'. Its capacity right now: 1,000 a month but 'based on need we can increase', says Nayak. The charger charge is a natural diversification for Tamil Nadu's EV industry. The state already accounts for 70% of India's two-wheeler EV production, with a current manufacturing capacity of 10 million units. It has been attracting big ticket EV investments too with 2024 seeing $2 billion pumped in by Vietnamese EV maker VinFast, a 9,000 crore facility by Tata Motors, the 20,000 crore expansion by Hyundai and the 2,000 crore plans of Stellantis.
Time of India
25-05-2025
- Automotive
- Time of India
EV charger manufacturing gets turbo boost
Tamil Nadu's electronic and electrical production ecosystem is diversifying into EV charger manufacturing. Top players such as Delta India and Eaton are looking at the entire range of chargers from small 60 kW to 350 kW as the demand switches towards fast-charging and multiple-charging guns for both big and small EVs. While India's 30,000-strong EV charging network offers huge opportunities, manufacturers are looking to export too. "We are looking at getting into 60 kW and the 120 kW chargers very soon. We have design work going on because we want to come up with unique features that can be sold both in India and outside," says Syed Sajjadh Ali, MD-electrical sector, India, Eaton. Eaton, he adds, would come out with its own EV chargers by the end this year. "This will be the 60 to 120 kW segment, followed by the 240-kW charger by the beginning of next year," says Ali. Even those well-entrenched in the EV charger business are looking to expand both product line and production as local demand rises. "We initiated EV charger development early on in 2017-18. Initially, the demand was for lower capacity solutions, such as AC chargers and the Bharat 30-kilowatt chargers," says Niranjan Nayak, MD, Delta Electronics India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] 2025 Top Trending local enterprise accounting software Esseps Learn More Undo Since then, the market has been shifting towards high kW products. "While 60 kW was our largest DC offering until last year, we have now launched a 180-kW charger and are ready with a 350-kW product too in anticipation of market growth," says Nayak. India needs 16,000 crore in capex to meet public EV charging demand in five years, says the FICCI EV Public Charging Infrastructure Roadmap 2030 report. "People don't want to wait for longer while they are travelling so higher kW products are in demand," says Nayak. EV charger makers are also offering multiple-gun products so more than one vehicle can be charged simultaneously. "The more you increase the capacity, 350 kW or 500 kW in future, there can be two or three guns to simultaneously charge the vehicles. This is the second requirement which is coming," he adds. What's more, the same chargers can be used for e-buses as well as e-cars. TN is one of the front-runners in both EV and EV infrastructure related manufacturing. The state comes in among the top five for EV charging stations set up by oil marketing companies – UP has 2,561 stations, Maharashtra 1,595, Karnataka 1,516, Rajasthan 1,482, and Tamil Nadu 1,448. It has also, in recent years, seen a surge in EV charger manufacturing from IIT Madras-incubated startups such as Plugzmart to the newly announced JV between Epic Energy and Fenfeo Automotive for a factory in Coimbatore. The production push is understandable given how uncertain global supply chains have become. Delta India for instance, says Nayak, manufactures its own core rectifier modules. "Within our R&D division in India, we have a team of more than 50 engineers focused on EV charging, which collaborates and shares platforms with our global R&D efforts," he adds. On the manufacturing front, the company has established dedicated production lines at its Krishnagiri plant, "which we will be expanding". Its capacity right now: 1,000 a month but "based on need we can increase", says Nayak. The charger charge is a natural diversification for Tamil Nadu's EV industry. The state already accounts for 70% of India's two-wheeler EV production, with a current manufacturing capacity of 10 million units. It has been attracting big ticket EV investments too with 2024 seeing $2 billion pumped in by Vietnamese EV maker VinFast, a 9,000 crore facility by Tata Motors, the 20,000 crore expansion by Hyundai and the 2,000 crore plans of Stellantis.
Time of India
30-04-2025
- Business
- Time of India
Quantum cybersecurity firm QNu Labs bags Rs 60 crore from Centre's NQM, others
Bengaluru-based QNu Labs, a quantum cybersecurity startup, has raised Rs 60 crore in a Series A round led by the National Quantum Mission (NQM) with Rs 25 crore, marking the government's first strategic investment in a private deep tech startup in quantum IIT Madras-incubated startup has developed commercially ready indigenous, deep tech solutions for quantum computers. Once fully developed, these computers could easily break today's encryption methods that secure everything from banking transactions to defence secrets. Anticipating this risk – much like building seatbelts for a future car crash – QNu Labs offers quantum key distribution systems and post-quantum cryptography tools that can secure sensitive data. The funding round was led by the Department of Science and Technology's NQM with participation from Lucky Investment, Speciale Invest, Tenacity Ventures and Singularity AMC. QNu Labs has raised $20 million in funding so far. 'After successful deployments for the Indian defence forces, we're seeing growing traction in BFSI (banking, financial services and insurance), telecom and healthcare. We already have four to five enterprise customers and expect major announcements from large banks and telcos soon,' QNu Labs CEO Sunil Gupta told ET. Gupta said the hesitation around quantum computing is reducing, especially after the US- National Institute of Standards and Technology released the post-quantum cryptography standards in August 2024. He termed it a 'turning point' for the industry. Most global players are either software-only or hardware-only. The startup is one of the few to build a hybrid stack, giving it an edge not just with Indian enterprises but also in other markets. 'There are only two or three serious players globally, and we've already won most of the deals against them. We're one of the very few in the world offering full-stack, commercially ready quantum-safe solutions,' Gupta emphasised. Vishesh Rajaram, managing partner, Speciale Invest, one of the investors, said, 'As one of our earliest investments, we've seen the team build patiently, layer by layer, a quantum security stack that's truly world-class.' He added that the round marked a defining milestone, not just for QNu Labs, but for India's emergence as a serious contender in quantum technologies globally. QNu Labs will use the capital to scale its commercial operations, expand its research and development footprint and expand global partnerships, the startup said.
