Electric Vehicles

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New EV Policy Pushes Global Players to ‘Build in India’

The government, in a bid to promote India as a manufacturing destination for electric vehicles (EVs), is offering international manufacturers a reduced customs duty rate...

March 15, 2024

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Staff

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Electric Vehicles
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Government Launches ₹5 Billion Program to Promote Electric Mobility

The Ministry of Heavy Industries (MHI) has launched the Electric Mobility Promotion Program 2024 with a funding of ₹5 billion (~$60.34 million). The program is scheduled...

March 14, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Electric Mobility Solutions Firm Attron Secures ₹47.5 Million in Seed Funding Round

Attron Automotive, an electric mobility motor and controller solutions company, has raised ₹47.5 million (~$573,956) in a seed funding round led by Anicut Capital and...

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ChargePoint’s Q4 Revenue Drops 24% as EV Adoption Slows

California-based electric vehicle (EV) charging firm ChargePoint reported a fourth-quarter (Q4) 2024 revenue that was 24% lower than last year as slowing EV adoption...

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Servotech Wins $12 Million Order for 1,500 DC EV Chargers from HPCL

Electric vehicle (EV) charger and energy efficiency products manufacturer Servotech Power Systems recently won an order worth ₹1.02 billion (~$12.31 million) for 1,500...

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Yulu Raises ₹1.6 Billion to Meet Increased Demand in Shared E-Mobility

Bengaluru-based shared electric two-wheeler company Yulu has raised ₹1.6 billion ($19.25 million) in equity funding from existing investors Bajaj Auto and Magna...

February 23, 2024

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Staff

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Electric Vehicles

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Press Releases
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Pure EV Raises $8 Million Funding to Expand Sales Network in India

Hyderabad-based electric vehicle (EV) manufacturer Pure EV has secured $8 million in the latest round of funding to help the company expand its sales network in India...

February 20, 2024

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Staff

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Electric Vehicles
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Mahanagar Gas Forays into EV Sector with ₹960 Million Investment in 3ev

Natural gas company Mahanagar Gas Limited (MGL) has announced the acquisition of 30.97% shareholding in 3ev Industries, a three-wheeler electric vehicle (EV)...

February 14, 2024

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Staff

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Electric Vehicles
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FAME-II Budgetary Outlay for Electric Vehicles Increased by $180.7 Million

The Ministry of Heavy Industries (MHI) has enhanced the budgetary outlay of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME-II) program...

February 12, 2024

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Staff

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Electric Vehicles

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Markets & Policy
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HDFC Bank Raises $300 Million via Bond Issue to Fund Green Loans

HDFC Bank has raised $300 million through its first-ever sustainable bond issue, with the proceeds to be used to finance electric vehicles and green loans. The bond,...

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Electric Scooter Startup River Raises $30 Million in Series B Funding

Electric-scooter startup River has raised $40 million (₹3.35 billion) in an oversubscribed Series B funding led by Yamaha Motor. The Bengaluru-based electric vehicle...

February 6, 2024

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Staff

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Electric Vehicles

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Finance and M&A
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EV Ride-Hailing Platform Snap-E Secures $2.5 Million Funding

Electric Vehicle (EV) ride-hailing platform Snap-E has raised $2.5 million in a pre-series A funding round led by Inflection Point Ventures. The company is expected to...

February 5, 2024

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Staff

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Electric Vehicles

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Market & Policy
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EV Leasing Firm Electrifi Secures ₹250 Million Funding from ADB, AdvantEdge

Commercial electric vehicle (EV) leasing and asset management company Electrifi Mobility secured ₹250 million (~$3.02 million) in seed-stage funding led by Asian...

February 2, 2024

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Staff

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Electric Vehicles

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Market & Policy
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Servotech Wins ₹1.2 Billion Contract from BPCL to Deploy 1,800 EV Chargers

Servotech Power Systems, an electric vehicle (EV) charger, and energy efficiency products manufacturer, has won an order for 1,800 DC Fast EV Chargers to be installed...

February 1, 2024

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Satish Shetty

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Electric Vehicles

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Market & Policy
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responsAbility Injects $25 Million in BluSmart to Expand EV Charging Network

Switzerland-based responsAbility, an impact-investment firm with over $4.7 billion in assets under management, said it would invest up to $25 million in BluSmart, an...

January 30, 2024

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Staff

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Electric Vehicles

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Finance and M&A

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