Omega Seiki to Invest $250 Million for an Electric Three-Wheeler Plant in Karnataka

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 ...
/ / Electric Vehicles, Grid
Tesla Records an 81% YoY Surge in Revenue with $18.7 Billion in Q1 2022

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 ...
/ / Other, Press Releases
Honda to Invest $39 Billion Investment With Focus on EVs, Batteries

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 ...
/ / Electric Vehicles, Grid
India's Annual Battery Market Could Surpass $15 billion by 2030 NITI Aayog Report

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

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 ...
/ / Mercom Research Focus, Other
Bengaluru-based EV Startup Ultraviolette Automotive Raises Series C Funding

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 ...
/ / Finance and M&A, Other
EV Ride-Hailing Platform BluSmart Raises $25 Million in Series A Funding

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 ...
/ / Finance and M&A, Solar
Global Installed Solar Capacity Could Reach 3,000 GW by 2030: Report

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 ...
/ / Solar, Utility Scale
EV Charging Company ADS-TEC Energy to Go Public in a $580 Million SPAC Deal

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 ...
/ / Finance and M&A, Other
Electric Scooter Maker Hero Electric Raises ₹2.2 Billion in Series B Funding

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 ...
/ / Electric Vehicles, Grid
Andhra Pradesh to Procure 25,000 Electric Two-Wheelers For Government Employees

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 ...
/ / Electric Vehicles, Grid
Gujarat Unveils Electric Vehicle Policy with Plans to Add 200,000 EVs by 2025

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 ...
/ / Electric Vehicles, Grid
Dalhousie University’s Advanced EV Battery Research Gets Grant from Tesla and NSERC

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) ...
/ / Electric Vehicles, Grid
Battery Company Solid Power to Go Public in a $1.2 Billion SPAC Deal

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 ...
/ / Finance and M&A, Other
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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

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

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

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

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

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 ...
/ / Electric Vehicles, Grid
Daily News Wrap-Up Ciel & Terre Installs a 14.7 MW Floating Solar Project for SPIC

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

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

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 ...
/ / Electric Vehicles, Grid
Daily News Wrap-Up_ ReNew Power Commissions a 105 MW Solar Project in Gujarat

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 ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Procter & Gamble's Hyderabad Unit Goes Solar

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 ...
/ / Other, Renewable Energy