electric-vehicles

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BII Fuels India’s EV Ecosystem with $33.5 Million Investment

The British International Investment (BII), the United Kingdom’s development finance institution, has committed $33.5 million to India’s electric vehicle (EV) sector....

December 5, 2024

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Staff

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Finance and M&A

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Renewable Energy
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EV Battery Leasing Company Urja Mobility Raises ₹1 Billion

Urja Mobility, an electric vehicle (EV) leasing company, has raised ₹1 billion (~$11.9 million) in its Pre-Series A funding round, comprising debt and equity financing....

October 9, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: UERC Sets ₹1.12/kWh Additional Surcharge for Open Access

The Uttarakhand Electricity Regulatory Commission (UERC) has determined an additional surcharge of ₹1.12 (~$0.013) per unit for open-access consumers from October 1,...

October 8, 2024

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Mercom Staff

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Daily Wrap-up
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US Tariff Increases on Solar, EV Imports from China to Start September 27, 2024

Four months after announcing stiff tariff hikes on imports of solar cells, electric vehicles (EV), batteries, and critical minerals originating from China, the U.S. has...

September 18, 2024

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B.S. Nagaraj

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Electric Vehicles

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Markets & Policy

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Solar
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Cabinet Approves ₹109 Billion PM E-DRIVE Program to Boost Electric Mobility

The Union Cabinet has approved the ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Program,’ and the ‘PM-eBus Sewa-Payment...

September 12, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Daily News Wrap-Up: MNRE Changes CFA Rate for Biomass Pellet Production

The Ministry of New and Renewable Energy has revised the Central Financial Assistance (CFA) rates for biomass pellet manufacturing units under the National Bioenergy...

July 19, 2024

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Mercom Staff

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Daily Wrap-up
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Ride-Hailing Firm MyPickup Secures ₹15 Million in Seed Funding

Electric vehicle (EV) ride-hailing startup MyPickup raised ₹15 million (~$179,293) in seed funding led by Inflection Point Ventures (IPV). MyPickup plans to use the...

July 18, 2024

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Namratha A Rai

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Electric Vehicles

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Market & Policy
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BIS Launches New Standards to Enhance Safety and Quality of EVs

The Bureau of Indian Standards (BIS) has unveiled two standards, IS 18590: 2024 and IS 18606: 2024, aiming to enhance the safety of electric vehicles (EV) across various...

June 25, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Amara Raja Invests €20 Million in InoBat, Ups Stake by 4.5%

Battery manufacturer Amara Raja Energy & Mobility has invested an additional €20 million (~$21.4 million) in electric vehicle (EV) battery firm InoBat, Norway, for a...

June 21, 2024

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Namratha A Rai

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Electric Vehicles

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Energy Storage
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EU Slaps Additional Duties of Up to 38.1% on Chinese EVs

The European Commission has announced it will impose additional tariffs of up to 38.1% on Chinese Battery Electric Vehicles (BEV) from July on grounds that they were...

June 17, 2024

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B.S. Nagaraj

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Electric Vehicles
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Hero MotoCorp Increases Stake in EV Firm Ather by 2.2%

Hero MotoCorp has increased its stake in electric mobility firm Ather Energy by 2.2% by purchasing shares worth ₹1.24 billion (~$14.85 million). The indicative period...

June 11, 2024

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Namratha A Rai

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Electric Vehicles
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EU, India Invite Expressions of Interest for Battery Recycling Collaboration

The European Union and India have announced a matchmaking platform to foster collaboration among startups working towards battery recycling technologies for electric...

April 10, 2024

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Mercom Staff

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Energy Storage

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Tenders & Auctions
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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...

March 6, 2024

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Arshreet Singh

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Electric Vehicles

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Finance and M&A
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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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Arshreet Singh

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Electric Vehicles

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Finance and M&A
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Taiwan-based ProLogium Opens Giga-Scale Solid-State Battery Factory

Taiwan-based solid-state battery manufacturer ProLogium opened a giga-scale lithium ceramic battery factory called Taoke in Taoyuan, Taiwan. The factory has a planned...

January 29, 2024

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Arshreet Singh

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Energy Storage

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Other

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