Electric Vehicles

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JBM ECOLIFE Mobility Secures ₹7.5 Billion Investment for Electric Bus Expansion

JBM ECOLIFE Mobility, a subsidiary of electric bus manufacturer JBM Auto, has secured a ₹7.5 billion (~$79.4 million) investment from Motilal Oswal Alternates, the...

June 18, 2026

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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Government to Support Deployment of 3,800 E-Ambulances Under PM E-DRIVE

The Ministry of Heavy Industries (MHI) has brought electric ambulances (e-ambulances) under the ambit of the PM Electric Drive Revolution in Innovative Vehicle...

June 18, 2026

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Parth Shukla

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Electric Vehicles

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Market & Policy
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Trevel Raises $1 Million to Expand Electric Mobility Platform

Gurugram-based electric mobility platform, Trevel, operated by Inwisement Technologies, has raised $1 million in a funding round co-led by India Accelerator, Finvolve,...

June 15, 2026

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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ChargePoint Launches Charger for Mass-Market EVs Amid Q1 Revenue Increase

U.S.-based electric vehicle (EV) charging solutions company ChargePoint reported revenue of $101.8 million in the first quarter (Q1) of fiscal year (FY) 2027, a 4.3%...

June 5, 2026

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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MIT Researchers Develop Low-Cost Process to Extract Lithium from Hard Rock

Massachusetts Institute of Technology (MIT) researchers have developed a low-temperature process to extract battery-grade lithium from spodumene, the most common...

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India, EU Invite Proposals for €15.2 Million EV Battery Recycling Initiative

The Government of India and the European Union have launched a joint funding initiative worth €15.2 million (₹1.69 billion) to support research and innovation in...

May 7, 2026

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Meghana Prasad

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Electric Vehicles

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Other Energy
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Heavy Industries Ministry Mandates Localization of More Electric Truck Components

The Ministry of Heavy Industries (MHI) has amended certain provisions of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program,...

April 30, 2026

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Parth Shukla

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Electric Vehicles

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Market & Policy
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Policy Fragmentation Across Indian States May Delay Transport Electrification

India’s electric vehicle (EV) push is being stymied by a lack of policy coherence, at a time when the need to decarbonize public and individual transport has never been...

April 17, 2026

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B.S. Nagaraj

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Electric Vehicles

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Market & Policy
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Delhi Proposes Limiting Two-Wheeler Registrations to EVs by April 2028

The Delhi government has limited new vehicle registrations to electric three-wheelers (e-3Ws) by January 1, 2027, and electric two-wheelers (e-2Ws) by April 1, 2028, as...

April 14, 2026

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Melvin Mathew

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Electric Vehicles

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Market & Policy
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Electric Vehicle Sales Clock 35% YoY Growth in Q1 2026

Electric vehicle (EV) sales in India reached 696,769 units in the first quarter (Q1) of 2026, an increase of over 35.5% year-over-year (YoY) against the 514,198 units....

April 6, 2026

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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MHI Slashes Incentives for Electric Two and Three-Wheelers Under PM E-DRIVE

The Ministry of Heavy Industries (MHI) has amended certain provisions of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program,...

April 1, 2026

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Rakesh Ranjan

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Electric Vehicles

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Market & Policy
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Oil Firms Install 27,737 EV Chargers Between FY 2021 and FY 2026

Government-owned oil marketing companies have installed 27,737 electric vehicle public charging stations (EV PCS) across the country between the financial year (FY) 2021...

March 31, 2026

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Melvin Mathew

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Electric Vehicles

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Grid
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Bacancy Secures ₹400 Million to Expand EV and Railway Electronics Business

Gujarat-based embedded electronics and power systems company Bacancy Systems has raised ₹400 million (~$4.24 million) in a Series A funding round led by Sabre Partners...

March 31, 2026

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Rakesh Ranjan

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Electric Vehicles

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Market & Policy
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Euler Motors Secures ₹4.37 Billion in Series E Funding Round

Electric vehicle (EV) manufacturer Euler Motors has raised ₹4.37 billion (~$46.2 million) in a Series E funding round. This round was led by Lightrock and saw Hero...

March 27, 2026

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Parth Shukla

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Electric Vehicles

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Finance and M&A
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Parliamentary Panel Flags Low EV Program Utilization and Skewed Spending by MHI

Parliament’s Standing Committee on Industry has raised concerns about the dominance of the automobile and electric vehicle (EV) ecosystem in the Ministry of Heavy...

March 25, 2026

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Rakesh Ranjan

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Electric Vehicles

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Markets & Policy

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