electric-mobility

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GEF Invests ₹5.8 Billion in TI Clean Mobility to Develop EV Verticals

TI Clean Mobility (TICMPL), a wholly-owned subsidiary of Tube Investments of India, a Murugappa Group company, has raised ₹5.8 billion (~$69.5 million) in equity and...

May 8, 2024

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Staff

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Electric Vehicles
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Top Developments That Shaped the Electric Vehicle Industry in 2023

As of September 2023, EV sales in India totaled 371,214 units, indicating a year-over-year increase of 40% compared to the 264,781 units sold in the corresponding period...

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EV Startup BluSmart Secures $42 Million Funding to Strengthen Operations

BluSmart Mobility, an electric vehicle (EV) ride-hailing service and charging infrastructure operator, has secured $42 million in its most recent funding round held last...

May 5, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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E-Mobility Firm Magenta Secures $22 Million from bp and Morgan Stanley

India-based electric mobility service provider Magenta Mobility has secured a $22 million investment from bp and a Morgan Stanley India Infrastructure-managed investment...

April 6, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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Daily News Wrap-Up: POWERGRID Board Approves Raising ₹6 Billion Through Bonds

The Power Grid Corporation of India (POWERGRID) said it would raise unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds worth ₹6 billion (~$72.86...

March 28, 2023

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Mercom Staff

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Daily Wrap-up
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Motovolt Acquires Stake in German Electric 2-Wheeler OEM eROCKIT

India-based electric mobility company Motovolt said it has acquired a stake in eROCKIT, a Germany-based electric two-wheeler original equipment manufacturer (OEM)....

March 27, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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EverSource Capital Closes One of India’s Largest Climate Impact Fund at $741 Million

EverSource Capital announced the financial closure of India’s largest climate impact fund, the Green Growth Equity Fund (GGEF), at $741 million. The GGEF is now one of...

January 18, 2022

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Harsh Shukla

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Finance and M&A

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Other
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Validity of FAME-II Program for Electric Vehicles Extended Until March 31, 2024

The government has extended the validity of the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME)-II program for all approved electric...

June 28, 2021

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Rahul Nair

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Electric Vehicles

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Grid
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Daily News Wrap-Up: Joint Venture Power4Future to Make Lithium-Ion Batteries in Italy

Here are some noteworthy cleantech announcements of the day from around the world: Italy-based Fincantieri SI, an integrator of electric propulsion systems and complex...

June 1, 2021

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Srinwanti Das

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Other

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Renewable Energy
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Daily News Wrap-Up: Switch Mobility, Siemens Sign MoU to Push E-Mobility in India

Auto manufacturer Ashok Leyland’s U.K. arm Switch Mobility has partnered with Siemens Limited to promote electric mobility in the Indian commercial vehicle market....

April 16, 2021

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Staff

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Other

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Renewable Energy
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SECI Clarifies Queries Regarding Empaneling Agencies in the Electric Mobility Space

Solar Energy Corporation of India (SECI) has issued clarifications on an expression of interest (EoI), it issued in October 2020 to empanel agencies to identify and...

January 12, 2021

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Rahul Nair

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Electric Vehicles

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Grid
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Daily News Wrap-Up: Novus Green Wins a 15 MW Floating Solar Project in Telangana

Here are some noteworthy cleantech announcement of the day from around the world: Novus Green, a Telangana-based renewable energy company, has been awarded a 15 MW (19.5...

October 9, 2020

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Harsh Shukla

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Other

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Renewable Energy
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COVID or Not, Indian EV Startups Continue to Push Forward

Historically, mobility and fossil fuels have been inextricably linked, and electric vehicles (EVs) have been on the fringes relevant only in a few niche markets. But...

September 9, 2020

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Rakesh Ranjan

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Mercom Research Focus

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Other
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Bangalore to Add 90 Electric Buses to its EV Fleet

The Bangalore Metropolitan Transport Corporation (BMTC) has invited bids for the procurement and operation & maintenance (O&M) of nine-meter 90 electric buses on...

February 17, 2020

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Rakesh Ranjan

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Electric Vehicles

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Grid
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Chandigarh Floats Tender for 40 Electric Buses with Charging Stations

The Chandigarh City Bus Service Society (CCBSS) has floated a tender to procure 40 midi AC electric buses, including charging stations on a kilometer basis for ten years....

February 11, 2020

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Rakesh Ranjan

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Electric Vehicles

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Tenders & Auctions

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