BluSmart Raises $25 Million in Latest Funding to Expand its Electric Vehicles Fleet
BluSmart, an electric ride-hailing platform, announced a Series A1 round closing to raise $25 million. This was a follow-up to the Series A round in September last year, bringing the ...
Electric Scooter Maker Ather Raises $128 Million from NIIFL and Hero MotoCorp
Indian electric two-wheeler company Ather Energy has raised $128 million from the National Investment and Infrastructure Fund’s (NIIF) Strategic Opportunities Fund (SOF) and Hero MotoCorp, in a Series E funding ...
Tender Floated for Setting Up 810 EV Charging Stations Along Highways
Convergence Energy Services Limited (CESL) has issued a request for proposal (RfP) from Charge Point Operators for the installation and maintenance of 810 electric vehicle (EV) charging stations for four-wheelers ...
Omega Seiki to Invest $250 Million for an Electric Three-Wheeler Plant in Karnataka
The electric vehicle manufacturing wing of Anglian Omega Group, Omega Seiki Mobility (OSM), announced that it would set up the world's largest electric three-wheeler manufacturing unit in Karnataka with an ...
Government Warns of Heavy Penalties and Mass Recall of EVs Following Battery Fires
Minister of Road Transport and Highways of India Nitin Gadkari has warned that any electric vehicle (EV) company found to be negligent in its manufacturing process will face heavy penalties, ...
Honda to Invest $39 Billion With Focus on EVs, Batteries
Honda Motors has announced that it will invest approximately 5 trillion yen (~$39.84 billion) in electrification and software technologies to accelerate its business globally in the next ten years. The motor ...
EV Ride-Hailing Platform BluSmart Secures ₹2.6 Billion from IREDA for Electric Cars
The Indian Renewable Energy Development Agency Limited (IREDA) approved a loan of ₹2.68 billion (~$35.27 million) to BluSmart Mobility, an electric ride-hailing platform — to buy 3,000 electric cars. The ...
Over 2,877 EV Charging Stations Approved Under FAME-II Program: MHI
The Ministry of Heavy Industries (MHI) has approved 2877 electric vehicle (EV) charging stations in 68 cities across 25 states and union territories under the second phase of faster adoption and ...
EverSource Capital Buys Majority Stake in EV Operator Lithium Urban
EverSource Capital, a climate impact fund, has announced an investment in Lithium Urban Technologies, an electric vehicles (EV) company, for a majority stake. Lithium Urban operates a fleet of four-wheeler ...
EV Charging Company ChargePoint’s Revenue Up 90% YoY in Q4 FY 2022
U.S.-based electric vehicle (EV) charging network company ChargePoint has released the financial results for the fourth quarter (Q4), and the fiscal year (FY) 2022 ended January 31, 2022. The company ...
EV Charging Infrastructure Company JET Charge Raises $17.84 Million in Series B Funding
JET Charge, an Australia-based electric vehicle (EV) charging infrastructure and technology company, announced that it had raised over A$25 million (~$17.84 million) in a Series B funding round. The Royal ...
Sale of Electric Cars Doubled YoY in 2021 Globally Reaching 6.6 Million: IEA
The sale of electric cars more than doubled to 6.6 million in 2021 compared to 3 million in 2020, accounting for 9% of the global car market, International Energy Agency ...
EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings in ₹501.6 Million
Altigreen Propulsion Labs, a Bangalore-based commercial electric vehicle (EV) manufacturer, announced that it has raised ₹3 billion (~$40 million) in a Series A funding round, a day after Reliance New ...
Delhi to Escalate Electric Vehicle Adoption to Curb Air Pollution, Draft Notification Issued
The Government of India issued a draft notification directing the Transport Department of the Government of National Capital Territory (NCT) of Delhi to increase electric vehicle adoption to curb the increasing air ...
Priority Sector Lending Can Help Unlock EV Financing of ₹3.7 Trillion by 2030: NITI Aayog
NITI Aayog, in its recent report, ‘Banking on Electric Vehicles in India,’ proposed the inclusion of electric vehicles (EVs) in Reserve Bank of India’s (RBI) priority-sector lending (PSL) guidelines to ...
TVS Acquires a 75% Stake in Electric Vehicle Company Swiss E-Mobility Group
TVS Motor Company, an Indian automotive manufacturer, announced that it has acquired a 75% stake in the Swiss E-Mobility Group (SEMG). The company made the acquisition in an all-cash deal ...
Electric Vehicle Sector Lays Out Expectations for Budget 2022
The Indian electric vehicle (EV) industry is expecting favorable announcements as the Union Finance Minister, Nirmala Sitharaman, is set to present that Budget 2022 on February 1. Last year proved ...
Hero MotoCorp invests ₹4.2 Billion in Ather Energy as it Prepares for its EV Launch
Hero MotoCorp, a manufacturer of motorcycles and scooters, is investing ₹4.2 billion (~$56.44 million) in Ather Energy, an electric two-wheeler manufacturer. The company’s board approved the investment in one or ...
Tender Floated to Deploy 5,585 Electric Buses Across Five Major Cities
Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has invited bids under the ‘Grand Challenge’ program to select bus operators for the procurement, operation, ...
Ministry of Power Issues Revised Guidelines for EV Charging Infrastructure
The Ministry of Power (MoP) has issued the revised ‘Charging Infrastructure for Electric Vehicles (EVs) Guidelines’ to accelerate the e-mobility transition in the country. The guidelines aim to enable faster ...
Electric Vehicle Maker EVage Raises $28 Million in Seed Funding
Indian electric commercial vehicle startup EVage announced that it raised $28 million in its seed funding round led by RedBlue Capital, a U.S.-based venture capital company. The fresh funding will help EVage complete ...
IREDA Launches New Program to Promote Green Mobility
The Indian Renewable Development Agency (IREDA), under the Ministry of New and Renewable Energy, has launched a program to promote the manufacture and deployment of infrastructure for emerging technologies, green ...
Top Developments That Shaped the Electric Vehicle Industry in 2021
India’s electric vehicle (EV) policies announced by the Union government and state governments saw established EV players accelerate manufacturing even as several startups entered the market in 2021. As of ...
EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round
Electric vehicle (EV) charging startup Exponent Energy has secured $5 million in its pre-series A round of funding. The round was led by YourNest VC, with participation from 3one4 Capital, ...
Tender Floated to Empanel Vendors to Lease 1,000 Electric Cars
Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has invited bids to empanel vendors to lease an estimated 1,000 electric four-wheelers (E4Ws) for various ...
