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How BluSmart is breaking the Duopoly of Ola and Uber the Electric Way

According to a report, commercial E4Ws have achieved just 12% of their respective FAME II unit targets

The two deem it to be India's fastest-charging two-wheeler commercial electric vehicle (CEV), and it will be powered by Log0's RapidX 2000 batteries, going from zero to 80 per cent charging in 12 minutes.

According to the report, the subsidy amount will be released once the companies submit the details of the reimbursements made by them

The development comes amid reports that the government has initiated an investigation into FAME scheme irregularities after whistle-blowers raised apprehensions

Narain Karthikeyan, India's first Formula One race driver and the Founder and CEO of DriveX, recently had some interesting inputs regarding the rapid rise of the EV sector.

India emits around three giga tonnes of CO2 and other greenhouse gasses per year. Nearly 25 per cent of this emission occurs due to each and every type of road transport vehicle. Globally, automobile manufacturers have been at the forefront of bringing a shift towards electric vehicles. Experts share their opinion about this transition at Entrepreneur India's Tech and Innovation show

To promote EVs in UP, the Yogi government has decided to give up to 100% exemption on road tax and registration fee for three years

By 2030, Volkswagen reportedly expects 25-30% of its total sales in India to come from EVs and the rest from internal combustion engine vehicles

In a report, Moody's Investors Service said India has the fourth-largest car market globally, but electric vehicle (EV) penetration is currently only around 1%

Citing data sourced from manufacturers, Society of Manufacturers of Electric Vehicles reportedly said FY23 saw sales of 1.2 lakh low-speed (LS) e-scooters with top speed less than 25 km/hr

Electric cars have risen again following the concept's dismissal. Cheap gasoline rates were at the centre of the dismissal of electric cars. However, Nikola Tesla had proposed that electric cars would be the future. Tesla's prediction has come a long way with electric cars slowly taking over the dominance of ICE-powered cars.

The company will use the fund raised to serve a robust new customer pipeline, expand its global presence and accelerate hiring to strengthen its product engineering, sales and delivery teams

The reports stated that Ola will invest $920 million through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn to the growing demand for EVs in India

About 58 per cent of the world's lithium reserves are in Chile and about 43 per cent of rare earth mineral reserves are in China

The fund raised will be used to build a proprietary battery tech platform to address issues around end-of-life battery value, amid global concerns around EV batteries and e-waste

The company aims at utilizing these funds in a phased manner to ramp up production of its much-awaited premium and affordable electric scooter, the Simple ONE

The company has formed a joint venture with iM3NY, a US-based battery technology company, to bring its cell technology to the Indian markets and manufacture it locally.

The minister said during the scrapping process, the cost of raw materials for the automotive industry was reduced by 33%, while sales increased by 10%-12%

The fund raised will be deployed to further strengthen the R&D capabilities to develop next-generation traction motors and drives for mobility applications including machine learning and advance telematics capabilities in its products

Of the 14 unveilings on the Day 2 of the mega event, 11 were by pure electric vehicle (EV) players and a walk around the 15 halls at the Show shows a common thread running through each of them: sustainability