Global Demand for EV Batteries to Rise to 3,500 GWh by 2030: IEA
Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030. The findings were published in the International Energy Agency’s (IEA) report, ...
Solar EPC Company Gensol to Acquire Majority Stake in US-based EV Startup
Solar engineering, procurement, and construction (EPC) company Gensol signed a term sheet to acquire a majority stake in a U.S.-based electric vehicle (EV) manufacturing startup. Through the deal, Gensol is ...
British International Investment Announces $250 Million for Mahindra’s EV Venture
British International Investment (formerly CDC Group), a U.K. government-owned development finance institution, will invest up to $250 million in a new passenger electric vehicle (EV) venture to be launched by ...
Transport Aggregators in Delhi Must Transition to All-Electric Fleets by April 1, 2030
Delhi's Transport Department has ordered all ride-hailing and delivery aggregators in the National Capital Territory to switch their entire fleet to electric by April 1, 2030. According to the notification, ...
EV Logistics Platform EVIFY Raises $100,000 in a Seed Funding Round
Surat-based Electric Vehicle (EV) startup, EVIFY Logitech, has raised $100,000 in a seed round from angel investors, including We Founder Circle. The company provides a technology-enabled EV logistics platform and ...
Electric Vehicle Sales Up by 333% YoY In the First Half of 2022
Retail sales of electric vehicles (EVs) clocked 390,399 units in the first half (1H) of the calendar year 2022. This represents a 333% year-over-year (YoY) growth compared to the 90,102 ...
Tech Startup Turno Raises $3.1 Million to Enhance EV Battery Life Cycle
Turno, a startup providing technology-based solutions for commercial electric vehicle (EV) buyers, has raised $3.1 million in an equity funding round led by Stellaris Venture Partners and Avaana Capital. The ...
Tamil Nadu Secretariat to Install a 100 kW Solar-Powered EV Charging Station
The Tamil Nadu Energy Development Agency (TEDA), the state agency for augmenting renewable energy, is setting up a 100 kW solar-powered electric vehicle (EV) charging station at the Tamil Nadu ...
Demand Incentives Key for Greater Adoption of Electric Two-Wheelers: NITI Aayog
Electric two-wheelers sales could touch 22.02 million in financial year (FY) 2031 if battery costs reduce by 8% CAGR, vehicle power increases by 20% by FY 2024, and demand incentives ...
Haryana Announces a Slew of Financial Incentives for EV Manufacturers
The Haryana government has issued the State Electric Vehicle (EV) Policy, 2022, to promote clean transportation and create an ecosystem for manufacturing EV components in the state. The policy aims ...
BIS Outlines Performance Standards for EV Batteries Amid Multiple Reports of EV Fires
The Bureau of Indian Standards (BIS) has issued performance standards for electric vehicle (EV) batteries to ensure the safety of the consumers amidst the report of EV fires across the ...
Battery Smart Raises $25 Million in Funding to Expand its Battery-Swapping Network
Gurugram-based Battery Smart, a battery-swapping network for electric two and three-wheelers, announced the closing of a Series A round funding of $25 million led by Tiger Global. The company plans ...
Mecwin to Invest ₹500 Million in EV Components Manufacturing Plant in Karnataka
Electric vehicle (EV) startup Mecwin India will invest ₹500 million (~$6.38 million) to set up a manufacturing plant for EV motors and controllers in Karnataka. The manufacturing facility for indigenous ...
Rajasthan Electronics Invites Bids to Install 409 EV Chargers Across Nine Cities
Rajasthan Electronics and Instruments (REIL) has invited bids for the survey, planning, supply, installation, and commissioning of 409 electric vehicle (EV) chargers in nine cities and across three national highways ...
UK Government Stops 35% Plug-in Grant for Purchase of Electric Cars
The UK government is closing the plug-in grant program after successfully kickstarting the country’s electric car revolution and supporting the sale of half a million electric cars. in 2011 to ...
BEST Invites Bids for Installation of EV Charging Stations in Mumbai
Brihan-Mumbai Electric Supply and Transport Undertaking (BEST) has invited bids to select an operator to install and operate the electric vehicle (EV) charging stations by sharing the infrastructure of BEST ...
ChargePoint’s Revenue Leaps 102% YoY to $86 Million in Q1 2022
Electric vehicle (EV) charging network company ChargePoint Holdings recorded revenue of $86 million in the first quarter (Q1) of 2022, a year-over-year (YoY) growth of 102% from $40.5 million in ...
Zinc Batteries an Economical Replacement for Li-Ion in Electric Vehicles: IIT Madras
A team of researchers from the Indian Institute of Technology, Madras (IIT-M) are developing a futuristic model for zinc-air batteries to power electric vehicles (EV). The technology under development is ...
EV Battery Supply Chains Stressed as Lithium, Cobalt and Nickel Prices Soar: IEA
Lithium rates have surged by over seven times since May last year, creating challenges for the global electric vehicle (EV) battery supply chain. The International Energy Agency (IEA) said cobalt ...
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 ...
