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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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Daily News Wrap-Up: Solar Open Access Capacity in Tamil Nadu Reaches 4.8 GW

Tamil Nadu added record solar open access capacity in the first nine months (9M) of the calendar year (CY) 2024, surpassing the annual capacity additions of the previous...

December 16, 2024

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Mercom Staff

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Daily Wrap-up
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New Type of Lithium-Ion Battery Could Extend Life of EVs

A new type of lithium-ion battery featuring single-crystal electrodes could extend the lifespan of electric vehicles (EVs) and power grid storage systems, according to a...

December 13, 2024

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Staff

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Energy Storage

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Technology
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EV Charging Company Greenie Energy Secures $600,000 in Seed Funding

Mumbai-based Greenie Energy, a start-up specializing in electric vehicles (EV) charging technology, has raised $600,000 in a seed funding round from a group of investors...

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ChargePoint Q3 FY 2025 Revenue Exceeds Guidance Despite 10% YoY Decline

U.S.-based electric vehicle charging solutions company ChargePoint reported revenue of $100 million for the third quarter (Q3) FY 2025, exceeding its guidance range of...

December 10, 2024

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Gautamee Hazarika

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Electric Vehicles

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Markets & Policy

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