Electric Vehicles

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E-Tractor Company Moonrider Secures $2.2 Million in Seed Funding

Bengaluru-based electric tractor technology company Moonrider has raised $2.2 million (~₹182.6 million) in a seed funding round co-led by AdvantEdge Founders and Micelio...

January 9, 2025

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Tina Freese

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Electric Vehicles

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Market & Policy
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Oben Electric Secures ₹500 Million in Series A Funding Round

Bengaluru-based electric bike startup Oben Electric has secured ₹500 million (~$5.82 million) in a Series A funding round. This round included participation from Ambis...

January 7, 2025

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Melvin Mathew

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Electric Vehicles

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Grid
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Electric Vehicle Sales Clock 27% Yearly Growth in 2024, Reach 1.9 Million Units

Electric vehicle (EV) sales in India reached a record 1.95 million units in 2024, an over 27% growth year-over-year against the 1.53 million units sold in 2023. EVs...

January 2, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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BII to Invest ₹6.5 Billion in Mahindra’s EV Subsidiary

Automobile manufacturer Mahindra & Mahindra has announced that the final tranche of investment by British International Investment (BII) in its subsidiary Mahindra...

December 30, 2025

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Arjun Joshi

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Electric Vehicles

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Finance and M&A
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Top Developments that Shaped the Electric Vehicle Industry in 2024

India has over 4.64 million registered electric vehicles (EV). The year 2024 saw EV adoption increase across all categories due to various incentives and subsidies...

December 30, 2025

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Melvin Mathew

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Electric Vehicles

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Grid

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Mercom Research Focus
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US Anode Material Producers Seek 920% Tariff on Graphite Imports from China

The American Active Anode Material Producers (AAAMP) has filed petitions with the U.S. Department of Commerce and the U.S. International Trade Commission (ITC) seeking...

December 24, 2024

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Melvin Mathew

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Electric Vehicles

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Grid
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Andhra Pradesh Launches Sustainable Electric Mobility Policy 4.0

Andhra Pradesh has unveiled its Sustainable Electric Mobility Policy 4.0 for the duration between 2024 and 2029. The policy aims to make the state a global hub for...

December 13, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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EV Charging Company Greenie Energy Secures $600,000 in Seed Funding

Mumbai-based Greenie Energy, a start-up specializing in electric vehicles (EV) charging technology, has raised $600,000 in a seed funding round from a group of investors...

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ChargePoint Q3 FY 2025 Revenue Exceeds Guidance Despite 10% YoY Decline

U.S.-based electric vehicle charging solutions company ChargePoint reported revenue of $100 million for the third quarter (Q3) FY 2025, exceeding its guidance range of...

December 10, 2024

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Gautamee Hazarika

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Electric Vehicles

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Markets & Policy
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CESL Invites Bids for Supply of 1,800 Cargo Electric Cycles in Four States

Convergence Energy Services (CESL), an energy solutions provider and a wholly-owned subsidiary of Energy Efficiency Services (EESL), has invited bids for the procurement...

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EV Startup MOOEV Raises ₹40 Million in Seed Funding Round

Electric vehicle (EV) startup MOOEV Technologies has raised ₹40 million (~$474,683) in a seed funding round led by Bizdateup. The funding round included investors like...

November 6, 2024

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Tina Freese

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Electric Vehicles

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Renewable Energy
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RNEL Completes Acquisition of UK-Based Sodium-Ion Battery Company Faradion

Reliance New Energy (RNEL), a wholly owned subsidiary of Reliance Industries, has fully acquired Faradion, a UK-based sodium-ion battery technology company, by acquiring...

October 30, 2024

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Staff

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Electric Vehicles

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Grid

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Other
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CESL Floats Tender to Set Up EV Charging Stations In Faridabad

Convergence Energy Service (CESL) has invited bids to set up and maintain electric vehicle charging stations in seven locations in the Municipal Corporation of Faridabad...

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Ashok Leyland Subsidiary Wins 500 Electric Bus Order from Chennai MTC

OHM Global Mobility, a subsidiary of commercial vehicle manufacturer Ashok Leyland, has secured an order for 500 12-meter ultra-low floor electric buses (e-buses) from...

October 24, 2024

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Tina Freese

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Electric Vehicles

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Press Releases
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Vehicle Deliveries, Energy Storage Growth Drive Tesla’s Profit in Q3 2024

U.S.-based electric vehicle and clean energy company Tesla’s revenue for the third quarter (Q3) of 2024 rose 8% year-over-year (YoY) to $25.18 from $23.35 billion on the...

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