Business News
Amid Rare Earth Crisis, Maruti Suzuki Revises EV Plans
The auto major is aiming to produce around 8,000 units of the model by September, as against the previous plan of rolling out over 26,000 units during the same period
EVs
Business News
PV Volume to Cross 5 Million Units in FY26; EV Growth Slow
This fiscal year, utility vehicles (UVs) will drive volume growth, aided by new launches, easing interest rates, rising compressed natural gas (CNG) adoption, and rural tailwinds.
Business News
Startups can help India realize 2030 EV growth target: Experts
India currently has one public charger per 135 EVs, far below the global standard of 1 per 6-20 EVs.
Business News
Powering Sustainable Future
Vecmocon offers advanced Battery Management Systems, EV chargers, Vehicle Intelligence Modules, and secure Firmware Over-the-Air solutions, integrating cutting-edge hardware and software to enhance India's EV ecosystem and global e-mobility innovation.
Business News
EaseMyTrip Invests in Madhya Pradesh’s First Inter-City Electric Bus Tender Worth INR 200 Crore
The newly deployed buses will feature zero-carbon emissions, minimal noise pollution, and cutting-edge technology, ensuring a seamless travel experience. Passengers can expect real-time tracking, sanitized cabins, onboard entertainment, and punctual departures, making travel more efficient and comfortable.
Business News
RSB Group Sets Long Term Target of INR 10,000 Crore
The company clocked in around INR 3,000 crore last year, and expects to close between INR 3,200 to INR 3,300 crore this year.
Business News
How Cleaner Technology is Catching the Eyes of Indian VCs
Whether it be green hydrogen, EVs, solar energy, batteries, or renewable energy, India is becoming a major market for climate-change projects. Sovereign funds and long-term investors are eager to contribute significant sums to initiatives addressing climate concerns.
Business News
EV Startup NIKOL EV Raises Undisclosed Amount In Pre-Seed Funding
With this funding, NIKOL EV plans to strengthen its team with experienced professionals and establish a robust backend support system to facilitate business scaling
By Teena Jose
Business News
Ola Electric Raises $140 Million Funding From Temasek
The agreement was signed on Monday and as per reports the fund raised will be deposited in the company's account within four-five days
By Teena Jose
Business News
Ather Energy Raises INR 900 Crore Funding
The company plans to utilize the fund for launching new products and expanding its charging infrastructure and retail network
By Teena Jose
Business News
Swiggy Partners With Gogoro To Provide EVs In Last-Mile Delivery
The partnership between Gogoro and Swiggy seeks to establish a seamless avenue for riders to adopt sustainable electric transportation
By Teena Jose
Business News
Bluwheelz Raises $500,000 In Seed Funding
The funding will also enable Bluwheelz to invest in advanced technology and innovations, enhance its service offerings, and further strengthen its partnerships with various stakeholders in the electric mobility ecosystem
By Teena Jose
Business News
Temasek To Invest INR 1,200 Crore In M&M’s EV Business
The investment will be in the form of Compulsorily Convertible Preference Shares (CCPS) valued at up to INR 80,580 crore
By Teena Jose
Business News
Centre To Recover INR 469 Crore From 7 Electric 2W Makers
Reportedly, the ministry conducted the investigation after receiving anonymous emails alleging that several EV makers were claiming subsidies without complying with the Phased Manufacturing Plan (PMP) rules
By Teena Jose
Business News
EV Social Commerce Startup EVINDIA Raises Undisclosed Amount In Pre-Seed Funding
The fund raised will be strategically allocated towards product development, business expansion, supporting the community, and building a creator economy
By Teena Jose
Business News
How Škoda Auto Volkswagen India Is Cleverly Driving Towards a 5% Market Share
Piyush Arora, MD & CEO, Škoda Auto Volkswagen India, unveils his plans to keep the ball rolling for the Indian market. From increasing capacities, expanding market share to scaling up exports, the German company has an aggressive plan of action for 2023
Business News
EV Startup Vegh Raises $5 Million in Pre-Series Funding
The funds will be primarily utilized to bolster the company's working capital needs, including the creation of a robust sales and distribution network
By Teena Jose
Business News
Oben Electric Raises INR 40 Crore In Extended Pre-Series A Funding
The fund will be used to kickstart deliveries of the newly launched first electric bike by the brand- Rorr, and fulfill the existing orderbook, increase production capacity and enhance distribution network
By Teena Jose
Business News
Delta Electronics Acquires TB&C To Expand EV Product Portfolio
The transaction is expected to enhance Delta's EV battery management system (BMS) capabilities by integrating TB&C's technologies with Delta's Component Business Group's automotive component product lines
By Teena Jose
Business News
Revoh Innovations Raises $425,000 In Seed Funding
The company plans to utilize the fund raised to expand the team size and focus on developing specific products that cater to the current needs of the Indian electric vehicle market
By Teena Jose
Business News
Centre To Develop Master App For EV Charging Slots: Report
As per the report, the project is being funded by the Asian Development Bank (ADB) and will be fully owned and operated by the government of India
By Teena Jose
Business News
EV Finance Company Revfin Secures $5 Million Investment From DFC
Revfin plans to utilize the funds for new products and expansion to new geographies
By Teena Jose
Business News
Attron Automotive Raises INR 4.75 Crore Funding
The company plans to use the funds to support its key growth initiatives, including the setup of an assembly line, establishment of a prototyping facility, team expansion, and research and development efforts to drive innovation in existing and new technologies
By Teena Jose
Business News
EV Startup River Raises $15 Million Funding
The newly secured capital is set to boost River's manufacturing prowess and power its upcoming market launch, aiming for deliveries to kick- off in August 2023
By Teena Jose
Business News
FAME II Subsidy Cut; EV Players Set To Hike Price
The committee, set up by the ministry, had recommended certain changes to improve the viability of the development of public charging infrastructure for electric vehicles
By Teena Jose
Business News
Mukesh Ambani-Backed EV Firm Altigreen Expects To Raise INR 700 Crore Funding
The Indian electric cargo vehicle manufacturer reportedly expects to ramp up production and invest in new models
By Teena Jose
Business News
Ola Electric Secures $300 Million Funding At $6 Billion Valuation
The latest fundraise will be used by the company to immediately ramp up its capacity of electric two-wheelers from 0.5 million to 2 million per annum, as per the report
By Teena Jose