Archive: April 29, 2022

“Apparent in Hindsight” – A business novel for the automobile professional enthusiasts by Vector Consulting Group, now available in Tamil

Chennai, 29th April 2022: Chennai, Tamil Nadu, is the largest contributor to the automobile sector in the country in terms of industrial output, and is one of the top 10 global auto hubs. Vector Consulting Group, India’s leading Supply Chain Management consultant, launches its bestseller business novel, ‘Apparent in Hindsight’ in Tamil to ensure that language does not act as a barrier for people who wish to acquire learning and knowledge, and who are desirous of bringing in innovations in to their automobile business.

This novel is the culmination of a decade’s experience in implementing pull-based Theory of Constraints (TOC) solutions in about 50 companies in the auto industry, right from OEMs at one end of the spectrum to the unorganized Tier 3 and 4 vendors. The novel provides the diagnosis and the solution approach, along with an insight into the sequence of solution implementation so that the performance of the organisation and the motivation of its managers do not go on a downhill journey from their current situation.

Speaking about the book, Mr. Puneet Kulraj said, “We are very excited to launch the Tamil edition of our book ‘Apparent in Hindsight’. This book is a culmination of more than a decade’s experience in implementing the Theory of Constraints solutions in about 50 companies. Management books present a theory with examples; but this flawed approach of confirmation bias leads to randomly correlated variables being presented in an unscientific manner despite the data available. We have presented the ideas in a story format, avoiding the confirmation trap, and reaffirming reader friendliness. Breakthrough solutions after being verbalised are apparent only in hindsight!”

The book is focused on the Indian auto component industry, and highlights unsolved problems, and the need for a system approach to deal with such situations. Long workdays and sleepless nights at the end of each month, quarter and year are part of the inescapable norm for most automobile managers, and for whom work-life balance remains only on rosy posters. If you find yourself complaining about these typical industry issues, you need to pick this book up and give it a thorough read. The book is published in conjunction with Palaniappa Brothers, and will help all managers immensely.

About Vector Consulting Group:

Vector Consulting Group is a management consulting firm with a focus on a single solution offering to help clients build unique operations and supply chain capabilities that can be leveraged as a competitive edge in the market. Vector uses the platform of Theory of Constraints (TOC) solutions and thinking processes for developing these capabilities for its clients. Vector Consulting Group is widely known for being an implementation-focused consulting firm with a unique risk-sharing model of consulting, unprecedented in the Indian industry.

Founded in 2006, Vector is now has come to be one of the largest and fastest-growing management consulting companies in India, well within its first decade. Vector has pioneered the Theory of Constraints implementation in companies belonging to large corporate houses in India like such as Tata Motors, TVS group, Cummins, Kirloskar and Larsen & Toubro, among many others. 

https://www.vectorconsulting.in/

JITO Angel Network invests in EV battery start-up Nexus Power to fuel India’s SDG goals

India, 29 April 2022:  JITO Angel Network, the only global community-based Angel network in India, today announced an investment for an undisclosed amount in electric vehicle (EV) battery manufacturer Nexus Power, in line with its commitment to fuel the country’s sustainable development goals.

The Bhubaneswar – based startup makes rechargeable, bio-organic, and biodegradable batteries from crop residue. The flagship technology from Nexus uses fully bio-degradable materials that could be turned into manure after the life cycle is complete to formulate the composition of the battery. It is working towards a sustainable future and pollution-free battery market.

With their proprietary Peptide Crystal batteries, the company is on a mission to make the world less dependent on exhaustible resources like Lithium, Nickel, and Cobalt. Crops being abundant, makes sourcing and production cheaper, in turn cutting the E vehicle cost by over 40%. Nexus Power believes in indigenously developed technologies and wishes to make India not just self-reliant in battery tech but one of the most powerful exporters of deep technology research. The current rise will be utilized to enhance research & development, scale-up operations, and initiate smaller trials with contracted OEMs in India.

This is the fifth company in the EV space that JITO Angel Network has invested in. The latest investment was in Taqanal Energy, in which a total of INR 9.5 crore was invested in a pre-series round from JITO Angel Network along with KITVEN, LetsVenture, and Wellingdon Advisors.

“Nexus Power’s technology solution goes a step ahead in making the EV space cleaner and more sustainable. We envision Nexus Power giving a new and fresh dimension to the approach of electric vehicle makers and the automobile space on the whole. There is no doubt that the company is slated to create ripples in this ever-expanding and evolving space,” said Pooja Mehta, CIO, JITO Angel Network.

“Looking at the current trends and dynamics of the automotive industry; dependable and environment-friendly batteries are the need of the hour.  We believe Nexus batteries have the potential to fasten the global shift towards E – mobility. Partnering with the right ecosystem enablers like the JITO Angel Network shall enhance R & D and product development. With this round, we have rapid scalability and amplified operations in mind!” said Nishita Baliarsingh, Co-founder & Chief Executive Officer, Nexus Power.

The electric vehicle industry is one of the rapidly growing industries in India. The Indian EV Market is currently worth USD 700 Million, with huge potential for future growth. Globally, the market is expanded at a CAGR of 42% and currently stands at USD 50 billion.

“Battery Tech is booming and researchers across the globe are putting their heart into innovating in this domain. With biodegradable, energy-efficient batteries from Nexus, we want to change the way people look at sustainability! Made from crop residue, Nexus batteries are affordable, effective, and completely made in India. With extensive R&D and product designing @ Nexus, we aim to revolutionize the energy storage Industry!” said Nikita Baliarsingh.

 About JITO Angel Network (JAN):

About JAN – A premium community-based organization that invests in budding entrepreneurs and supports them by leveraging the community platform of the Jain International trade organization. It is capitalizing on its proactive angel network and incubation centers to function as conduits between entrepreneurs and the industry. The network has to date built a strong portfolio of 56+ companies where 25+ have raised Up rounds and follow-on rounds. Its portfolio companies include Blusmart, Homecapital, ChargeGrid, NewsReach, Leadstart, Tablt, KaahaniBox, and many more.

About Nexus Power

Nexus Power is a Bhubaneswar – based startup that is making bio-organic fast charge batteries from crop residue. Founded in 2019 by twin sisters Nishita and Nikita Baliarsingh. The batteries made by the startup are eco-friendly, sustainable, and lithium-ion free. Crop residue is an agricultural waste that is generally burnt, causing heavy pollution in many states in winters. Also, the use of these crop residue to make batteries reduces the price of the end product. These batteries can be used to power mobile phones, electric cars, electronic gadgets, commercial vehicles and other objects which need batteries as a source to function.

RoboMarkets Becomes the Official Sponsor of the Cyprus Karate Federation

RoboMarkets is the Official Sponsor of the Cyprus Karate Federation and the Upcoming International Youth Championship

29.04.2022
Limassol, Cyprus

RoboMarkets, the company that provides investment services to European clients, has become the official sponsor of the Cyprus Karate Federation and will be supporting the upcoming International Youth Karate Championship in Limassol.

The International Youth League Karate Championship in Limassol is the second event organised by the Cyprus Karate Federation this season. The tournament, which will take place from 29 April to 1 May 2022, has become an essential part of the world’s sports schedule. Young athletes from all over the world are coming to Limassol to compete for the Karate championship title.

This is the third time that Limassol will be hosting a major Karate event – two previous championships were held in 2019 and 2021, while the 2020 tournament was cancelled due to the coronavirus pandemic. This year, 1,539 athletes from 51 countries have registered to participate.

Konstantin Rashap, CBO at RoboMarkets comments: “We’re always delighted to support sports organisations and events. RoboMarkets shares a common goal with the Cyprus Karate Federation – we help young athletes to make their appearance in the international field and compete for top places”.

About RoboMarkets
RoboMarkets is an investment company operating under CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders who work in the financial market with access to its proprietary trading platforms. Find out more detailed information about the Company’s products and activities on www.robomarkets.com.

Tata Passenger Electric Mobility proudly showcases its new vision, a concept built on its Pure EV Architecture

Bengaluru, April 29, 2022: Taking a giant stride toward the next generation of electric vehicles, Tata Passenger Electric Mobility (TPEM), today made a smashing debut with the global unveil of the AVINYA Concept – an expression of the Company’s vision of a pure electric vehicle, based on its GEN 3 architecture. Derived from the Sanskrit language, the name AVINYA stands for ‘Innovation’. The AVINYA Concept introduces a new typology of mobility that liberates enormous roominess and comfort, not restricted by traditional segmentation. It comes packed with new-age technology, software, and Artificial Intelligence that work in the background to deliver wellness and tranquillity during transit. Providing an extremely premium yet simple and calming customer experience, this concept will be fairly accessible to a majority of customers in fast growing, high-volume segments of today. With this, TPEM is all set to unleash a new breed of EVs that will redefine the automobile space. This path-breaking EV will be introduced to the market by 2025.

Speaking at this landmark occasion, Mr. N Chandrasekaran, Chairman, Tata Sons, and Tata Motors said, “While making the AVINYA Concept a reality, the central idea was to offer a mobility solution like no other – a state of the art software on wheels that is well designed, sustainable and reduces the planet’s carbon footprint. Green Mobility is at the nucleus of TPEM, and the AVINYA Concept is the perfect reflection of what the company stands for – a creation that will not only accelerate the adoption of EVs but also lead this movement. Furthermore, at the Tata group, we are uniquely positioned to bring all the expertise that is necessary to build these mobility solutions and we are confident that in years to come we will make a larger and sustainable impact not only in India but globally as well.” 

Adding to this, Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd. said, “It is indeed a matter of pride for us at TPEM to present the AVINYA Concept to the world, a vision pivotal in signaling a ‘New Paradigm’. Holding on to its values of Simplicity, Timelessness, Effortlessness, and Grace, the AVINYA is not only a concept but is our new identity, an identity that is here to challenge the status quo. It gives me an intense sense of optimism to present a new typology of vehicles that will introduce the automobile industry to options beyond mobility – a tranquil space that will offer you a complete sensory experience while on the move. At its heart, the AVINYA Concept has ‘IN’, which demonstrates our Indian roots and highlights how we pride ourselves in discovering new ways to move and power vehicles. The AVINYA Concept is the fruition of our first idea built on our Pure EV GEN 3 architecture, enabling us to produce a range of globally competitive EVs. Our vision for pure EVs is focused on delivering wellness and rejuvenation while traveling, backed by cutting-edge technologies, aimed at improving the overall quality of life.”

A TIMELESS DESIGN:

Originally inspired by a catamaran, the AVINYA Concept is an uncompromising vision for electric mobility. With a new silhouette, this concept is mixology of the best of the worlds – it is a product that combines the essence of a premium hatch to the luxuries and versatility of an SUV and the roominess and functionality of an MPV – all put together to create something new and beautiful. A significant highlight on the front and the rear of the vehicle is a new identity. This new identity as a part of the DRL is a subtle nod to our commitment to enhancing the quality of life and is a pivotal step in the evolution of EVs. It is also the manifesto and emphasises the Horizon and the Infinite possibilities that the Gen 3 electrification will offer. Gliding to the sides, one is met by the ‘Butterfly’ doors, which welcome you with open arms to a class-leading spacious interior that is sure to make its inmates feel calm.

The AVINYA Concept focuses on a human-centric design and promises a sensory journey of its own. From the skydome, that enhances the overall sense of space and natural light to the functional console inspired steering wheel, to the voice-activated systems for a deeper interface for all its passengers, to the sustainable materials being used, that communicate the ethos of the product, and finally the finishing touch of the aroma diffuser – that envelopes you in an ambiance that is serene and soothing.

Furthermore, envisaging a future trend, this concept is designed to believe that lesser screen time is the way to go. Taking this into consideration the AVINYA Concept has been made screen-less, to bar any distractions inside the car and create a stress-free environment for the mind and soul.

A PURE EV AT ITS CORE:

The AVINYA Concept stands for empathetic mobility, a machine that is engineered to be smart, spacious, sustainable yet techy. The agile and robust Pure EV GEN 3 Architecture offers this concept with a flexible design while boasting of next-generation connectivity, advanced driver assistance systems, and enhanced performance and efficiency. Pioneered out of India for the world, this global platform offers high structural safety and has the next level of waterproofing and dust protection, making it ready for all forms of terrains.

This architecture is built with the use of next-gen materials, efficient electronic componentry, and proprietary energy management strategies & algorithms for efficiency management. The use of light-weight materials, and optimized structure for an EV-only powertrain with enabled appropriate stiffness, helps minimize the overall mass, leading to good weight management. Furthermore, the battery used will support an ultra-fast charge capability, in line with the infrastructure evolution, pumping a minimum 500 km range in under 30 minutes. The overall philosophy for enhanced range would be ‘Minimize- Maximize – Optimize’.

Drawing inspiration from human sensory cues whilst promising a stress-free experience with every drive, the AVINYA stands by the concept of minimalism and is a leap forward in the right direction, making it the absolute regiment of the sustainable movement.

To know more about this impressive Concept, kindly refer to the detailed concept note.

Hygge Energy Signed MoU with Think Gas to set up ‘Zero Emission Electric Mobility’ Solution

New Delhi: 29^th April 2022– Global player offering cleantech solutions to the marketplace, Hygge (pronounced ‘hoo-guh’) Energy has signed an MoU with THINK Gas, a leading operator of CNG Stations in India, to set up Hygge’s “Zero Emission Electric Mobility” solution the latter’s CNG stations.

Hygge’s software solution, which maximizes usage of renewable energy for the purpose of EV charging, will be installed at THINK Gas’s CNG station in Baghpat, Uttar Pradesh, followed by other locations under consideration. The solution comes with the Hygge EV mobile app that enables planning and management of EV charging stations, as well as tracking of payments and carbon credits.

This will be a big step by Hygge for unlocking a $15 billion carbon trading market for service providers offering CNG and EV charging services in India, which will make these businesses profitable. Hygge’s system will enable India to take the lead in the carbon market, commensurate with the outcomes of COP26 and the growing interest in Indian policy circles towards creating a well-defined carbon trading system. This was further reiterated by the Prime Minister, Shri Narendra Modi at the COP26, where he would play a crucial role in delivering climate ambition through the carbon market mechanism.

Talking about the alliance, Mr. Prateek Saxena, CEO of Hygge Energy, said, “Hygge is developing a robust carbon trading system for renewables-based EV charging for India. If all EVs in the country are charged using renewable energy, it will open up a Rs. 75,000 Crore export opportunity in the carbon market only through EV charging. Add CNG to this carbon trading system, and we are looking at increasing the potential market size to Rs. 1 Lakh Crore.”

THINK Gas are strengthening their network with a mission to make CNG available to consumers, and in two years of operation, their network has expanded to over 80 CNG stations across Punjab, Madhya Pradesh, Uttar Pradesh, and Bihar. THINK Gas is serving over 30,000 customers daily and has touched a peak of 200,000 Standard Cubic Meters per Day (SCMD). Now, they are set to create an ecosystem in their newly acquired markets in Himachal Pradesh.

Mr. Sandeep Trehan, Founder and President (Marketing) at THINK Gas, stated, “Our CNG station, equipped with clean energy activities, and fitted with EV charger and Hygge’s software platform, will create a new, cleaner experience. This will further strengthen the process of building a strong clean energy ecosystem.”

Hygge’s technology enables tracking, measurement, optimization, allocation and accounting of renewable energy for EV charging, and makes it a profitable business for EV charging operators and DISCOMs alike. The plug-and-play solution integrates with any EV charger and instantaneously connects the charging station to its immersive AI software that helps drive traffic and improve the operational efficiency of the EV charging stations.

Brandberrys brings vibrant woven decor collection

New Delhi, April 27, 2022: Brandberrys, the elegant choice for exclusive and handpicked home décor, has come up with its new collection – Vibrant Woven Décor. The latest collection includes a wide range of woven products, which include Alder Woven baskets, Arbor Woven baskets, Bay Woven baskets, Elm Woven mini baskets, Grey Holly Woven baskets, Hazel cute woven baskets, Myrtle Woven baskets, Oak woven baskets, Plum Woven baskets with tassels, Pom Pom laundry baskets, and a series of handpicked cushion covers and internal décor.

The Brandberrys products are handpicked and handmade and maintain the exuberant medley of exclusivity and exquisiteness. Conceptualized and crafted with the aim to make the lively abodes explicitly artistic with a lasting impression, Brandberrys collections expanded quickly from just wall art to elegantly decorative tableware and other home décor artefacts.

The new collection, Woven Décor, is the perfect fit for a vibrant home. The woven baskets are available in multiple eye-soothing colours and are designed to give a home a pulchritudinous look and the vibrant feelings of fascinating living spaces.

Brandberrys’ Founder & CEO, Serene Goraya, commented that the products are specifically designed by skilled artists as per the taste of maven customers with the flare of elegance. “Our new collection of products, as our earlier signature products, effusively emanates the sublime luxury of indigenous creations of art, which will certainly make a home look artistically splendid. The woven baskets are handmade and carry the grandeur of an artist’s imagination,” she added.

The products of Brandberrys can be explored online through our website and can be made available at your doorstep.