ev

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Ather Energy’s ₹31 Billion IPO Oversubscribed By 1.43 Times

Electric two-wheeler company Ather Energy’s ₹31 billion (~$363.92 million) initial public offering (IPO) was oversubscribed 1.43 times at the end of the bidding window...

April 30, 2025

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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Daily News Wrap-Up: Karnataka Announces Open Access Regulations 2025

The Karnataka Electricity Regulatory Commission issued the Karnataka Electricity Regulatory Commission (Terms and Conditions for Open Access) Regulations, 2025. This...

April 25, 2025

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: EV Industry Braces for Price Surge Due to DCR Mandate

The electric vehicle (EV) industry is bracing for a short-term price surge, as the Ministry of Heavy Industries has mandated a 100% domestic content requirement for 18...

April 3, 2025

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Bihar Includes Distributed Renewable Energy in RPO

The Bihar Electricity Regulatory Commission proposed including a new category of distributed renewable energy in its Renewable Power Obligation (RPO) for the financial...

April 2, 2025

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Mercom Staff

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Daily Wrap-up
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Global Annual Battery Demand Crossed the 1 TWh Mark in 2024: IEA

In 2024, electric car sales worldwide surged by 25%, reaching 17 million units, pushing annual battery demand beyond the 1 TWh mark for the first time, according to the...

March 10, 2025

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Arjun Joshi

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Energy Storage

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Market & Policy
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MHI Mandates 100% DCR Requirement for 18 EV Components Under PM E-Drive

The Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement (DCR) for 18 electric vehicle (EV) components under the two-wheeler,...

March 5, 2025

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Melvin Mathew

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Electric Vehicles

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Grid

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Market & Policy
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EV Company Vidyut Raises $2.5 Million From Flourish Ventures

Vidyut, an electric vehicle (EV) ecosystem platform, has raised $2.5 million in funding from global investor Flourish Ventures. The company will utilize the acquired...

March 3, 2025

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Tina Freese

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Renewable Energy
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Madhya Pradesh’s Draft EV Policy Proposes ₹50,000 Subsidy for Four-Wheelers

The Madhya Pradesh government has announced a maximum state subsidy of ₹50,000 (~$570.99) per four-wheeler electric vehicle in Draft Madhya Pradesh Electric Vehicle (EV)...

February 11, 2025

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Melvin Mathew

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Electric Vehicles

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Grid

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Market & Policy
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Budget 2025 Focuses on Clean Energy Manufacturing, Halves Solar Module Duty to 20%

Finance Minister Nirmala Sitharaman reaffirmed the government’s commitment to strengthening domestic value addition and enhancing India’s manufacturing...

February 1, 2025

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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EV Charging Company Bolt.Earth Raises $5 Million In Series A Funding

Bengaluru-based electric vehicle (EV) charging solutions provider Bolt.Earth raised $5 million in a series A+ funding round. The funding round was led by Version One...

January 20, 2025

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Tina Freese

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Other

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Press Releases

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Renewable Energy
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Refex Green Mobility to Take Over 2,997 EVs from Gensol Engineering

Refex Green Mobility will acquire Gensol’s 2,997 electric vehicles (EV) and assume the associated debt of ₹3.15 billion (~$36.43 million). This strategic tie-up will...

January 16, 2025

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Melvin Mathew

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Electric Vehicles

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Grid
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EMO Energy Secures $6.2 Million in Series A Funding Round

Bengaluru-based battery solutions startup EMO Energy has raised $6.2 million (₹530.65 million) in its Series A funding round. This round was led by Subhkam Ventures,...

January 7, 2025

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Staff

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Other

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Renewable Energy
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Oben Electric Secures ₹500 Million in Series A Funding Round

Bengaluru-based electric bike startup Oben Electric has secured ₹500 million (~$5.82 million) in a Series A funding round. This round included participation from Ambis...

January 7, 2025

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Melvin Mathew

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Electric Vehicles

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Grid
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Electric Vehicle Sales Clock 27% Yearly Growth in 2024, Reach 1.9 Million Units

Electric vehicle (EV) sales in India reached a record 1.95 million units in 2024, an over 27% growth year-over-year against the 1.53 million units sold in 2023. EVs...

January 2, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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BII to Invest ₹6.5 Billion in Mahindra’s EV Subsidiary

Automobile manufacturer Mahindra & Mahindra has announced that the final tranche of investment by British International Investment (BII) in its subsidiary Mahindra...

December 30, 2025

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Arjun Joshi

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Electric Vehicles

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Finance and M&A

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