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 ...
Tesla Records an 81% YoY Surge in Revenue with $18.7 Billion in Q1 2022
Tesla registered a record revenue of $18.7 billion in the first quarter of 2022, a year-over-year (YoY) increase of 81% compared to $10.3 billion in Q1 of last year. Growth ...
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 ...
India’s Annual Battery Market Could Surpass $15 Billion by 2030: NITI Aayog Report
NITI Aayog, in collaboration with the Rocky Mountain Institute (RMI), recently published a report, which estimates India's future demand for batteries under an 'accelerated scenario' and a 'conservative scenario,’ to ...
EVs Gear Up for a Breakthrough Year in 2022
The increasing number of green number plates on Indian roads is the best testament to the new vehicle buyers’ growing inclination towards electric vehicles (EVs). Though the number of vehicles ...
Bengaluru-based EV Startup Ultraviolette Automotive Raises Series C Funding
Ultraviolette Automotive, a Bengaluru-based electric vehicle (EV) startup, has raised an undisclosed amount in a Series C funding round led by TVS Motor Company. Zoho Corporation also participated in the ...
EV Ride-Hailing Platform BluSmart Raises $25 Million in Series A Funding
Electric ride-hailing platform BluSmart has raised $25 million in Series A funding from multiple investors. bp ventures, a venture capital arm of energy major bp, led the financing round and ...
Global Installed Solar Capacity Could Reach 3,000 GW by 2030: Report
Global installed solar capacity would be doubled by 2025 and quadrupled to 3,000 GW by 2030, DNV said in its latest technology report. The report stated that global solar power generation could ...
EV Charging Company ADS-TEC Energy to Go Public in a $580 Million SPAC Deal
ADS-TEC Energy, a Germany-based electric vehicle (EV) charging company, has signed a definitive business combination agreement with European Sustainable Growth Acquisition Corporation (EUSG), a special purpose acquisition company, resulting in ...
Electric Scooter Maker Hero Electric Raises ₹2.2 Billion in Series B Funding
Electric scooter manufacturer Hero Electric has announced that it has raised ₹2.2 billion (~$29.5 million) as the first part of its Series B funding. Gulf Islamic Investments (GII) and Hero ...
Andhra Pradesh to Procure 25,000 Electric Two-Wheelers For Government Employees
New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has signed an agreement with Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), to ...
Gujarat Unveils Electric Vehicle Policy with Plans to Add 200,000 EVs by 2025
Gujarat Chief Minister Vijay Rupani announced the Gujarat Electric Vehicle (EV) Policy, 2021. The policy aims to move the state’s transportation sector towards electric mobility to reduce pollution and protect ...
Dalhousie University’s Advanced EV Battery Research Gets Grant from Tesla and NSERC
A team of researchers from the Dalhousie University, based at Halifax in Nova Scotia, Canada, received a grant of $2.9 million in funding from the Natural Sciences and Engineering Research Council (NSERC) ...
Battery Company Solid Power to Go Public in a $1.2 Billion SPAC Deal
Producer of all-solid-state batteries for electric vehicles Solid Power and Decarbonization Plus Acquisition Corporation III (DCRC), a special purpose acquisition company (SPAC), have announced a definitive agreement for a business ...
FAME-II Program Revised with Increased Incentives for Electric Two-Wheelers
The Department of Heavy Industries has announced partial amendments to the Faster Adoption and Manufacturing of Electric Vehicles in India Phase-II (FAME-II) program. Specific demand incentive for electric two-wheelers (E2W) ...
Gujarat Invites Bids from Manufacturers of E-Rickshaws and Electric Two-Wheelers
The Gujarat Energy Development Agency (GEDA) has invited bids from manufacturers to market and distribute 11,000 battery-operated two-wheelers and 5,417 e-rickshaws with lithium-ion batteries under the GEDA subsidy program 2021-22 ...
West Bengal Plans to Roll Out 1 Million Electric Vehicles in the Next Five Years
The Power Department of West Bengal has announced the Electric Vehicle (EV) Policy 2021, aiming to position the state as a sustainable transportation infrastructure hub. Through the move, the state ...
Daily News Wrap-Up: Electric Vehicles Exempt from Registration Renewal Fee
Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of Road Transport and Highways under the Government of India has proposed to exempt battery-operated ...
Daily News Wrap-Up: ENGIE Commissions 60 MW of Solar Projects in Senegal
Here are some noteworthy cleantech announcements of the day from around the world: ENGIE, Meridiam, and FONSIS have announced the commissioning of two photovoltaic projects in Senegal with a total ...
Court Tells Government to Consider Including Hydrogen Fuel Cells Under FAME-II Program
The Delhi High Court has directed the Government of India to consider including hydrogen fuel cell-based electric vehicles (EVs) and hydrogen refueling stations under the ambit of the Faster Adoption ...
Daily News Wrap-Up: Ciel & Terre Installs a 14.7 MW Floating Solar Project for SPIC
Here are some noteworthy cleantech announcements of the day from around the world: Floating solar specialist Ciel & Terre India has completed a 14.7 MW project for Southern Petrochemical Industries ...
Production-Linked Incentive Program for Battery Storage Gets Cabinet Approval
The Union Cabinet has approved the 'National Program on Advanced Chemistry Cell Battery Storage' under the production-linked incentive (PLI) initiative. According to the Cabinet's notification, the program aims to achieve ...
Electric Vehicles Sales Decline 20% YoY in FY 2020-21
The Society of Manufacturers of Electric Vehicles (SMEV) has said 236,802 electric vehicles (EV) were sold in India in financial year (FY) 2020-21, registering a drop of 20% over the ...
Daily News Wrap-Up: ReNew Power Commissions a 105 MW Solar Project in Gujarat
Here are some noteworthy cleantech announcements of the day from around the world: Renewable energy company ReNew Power has commissioned a 105 MW project in Gujarat's Patan district. The project ...
Daily News Wrap-Up: Procter & Gamble’s Hyderabad Unit Goes Solar
Here are some noteworthy cleantech announcements of the day from around the world: Procter & Gamble has commissioned its first in-house solar power unit at the company's Hyderabad manufacturing facility ...
