EV Ride-Hailing Platform BluSmart Secures ₹2.6 Billion from IREDA for Electric Cars

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

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 ...
/ / Electric Vehicles, Grid
EverSource Capital Buys Majority Stake in EV Operator Lithium Urban

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

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

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 ...
/ / Electric Vehicles, Grid
Sale of Electric Cars Doubled YoY in 2021 Globally Reaching 6.6 Million IEA

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 ...
/ / Electric Vehicles, Grid
EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings In ₹501.6 Million

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 ...
/ / Electric Vehicles, Grid
Delhi Escalates Electric Vehicle Adoption to Curb Air Pollution, Issues Draft Notification

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 ...
/ / Electric Vehicles, Grid
Priority Sector Lending Can Help Unlock EV Financing of ₹3.7 trillion by 2030 NITI Aayog

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 ...
/ / Electric Vehicles, Grid
TVS Acquires a 75% Stake in Electric Vehicle Company Swiss E-Mobility Group

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 Vehicles, Grid
Electric Vehicle Sector Lays Out Expectations for Budget 2022

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 ...
/ / Electric Vehicles, Grid
Hero MotoCorp invests ₹4.2 Billion in Ather Energy as it Prepares for its EV Launch

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 ...
/ / Electric Vehicles, Grid
Tender Floated to Deploy 5,585 Electric Buses Across Five Major Cities

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, ...
/ / Electric Vehicles, Grid
Ministry of Power Issues Revised Guidelines for EV Charging Infrastructure

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 Vehicles, Grid
Electric Vehicle Maker EVage Raises $28 Million in Seed Funding

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 ...
/ / Electric Vehicles, Grid
IREDA Launches New Program to Promote Green Mobility

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 ...
/ / Electric Vehicles, Grid
Top Developments That Shaped the Electric Vehicle Industry in 2021

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 ...
/ / Electric Vehicles, Grid
EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round

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

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 ...
/ / Electric Vehicles, Grid
US Could Have up to 35 Million Electric Vehicles on Roads by 2030: SEPA

US Could Have Up to 35 Million Electric Vehicles on Roads by 2030: SEPA

The United States would have 10 million to 35 million electric vehicles on roads by 2030. This will generate around 100 TWh of new power demand annually, according to a ...
/ / Electric Vehicles, Grid
Over 165,000 EVs Deployed With ₹5.64 Billion Incentives Under FAME-II Program

Over 165,000 EVs Deployed with ₹5.64 Billion Incentives Under FAME-II Program

As of November 25, 2021, over 165,000 electric vehicles (EVs) have been supported through demand incentives of ₹5.64 billion (~$75.36 million) under the second phase of the Faster Adoption and ...
Delhi Allows Entry of Only EVs and CNG-Run Vehicles to Control Air Pollution

Delhi Allows Entry of Only EVs and CNG-Run Vehicles to Control Air Pollution

The Delhi Government has announced that only electric vehicles and compressed natural gas (CNG)-run vehicles would be allowed entry into the city from November 27 to December 3, 2021, as the air ...
/ / Electric Vehicles, Grid
Empanelment Tender Issued for EV Charging Point Operators Across India

Empanelment Tender Issued for EV Charging Point Operators Across India

Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has issued an expression of interest to empanel electric vehicle (EV) charging point operators across India ...
/ / Electric Vehicles, Grid
SUN Mobility Raises $50 Million From Vitol For Accelerating EV Infrastructure

SUN Mobility Raises $50 Million from Vitol for Accelerating EV Infrastructure

Electric vehicle infrastructure and services provider SUN Mobility has raised $50 million from Vitol, a Dutch energy trader and investor in renewable energy companies. The funds raised will be used ...
CESL to Empanel Financial Institutions to Provide Loans for Electric Vehicles

CESL to Empanel Financial Institutions to Provide Loans for Electric Vehicles

Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of the Energy Efficiency Services Limited (EESL), has invited expressions of interest to empanel financial institutions for financing electric vehicles (EVs) across ...
/ / Electric Vehicles, Grid