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Ola Electric Subsidiary to Raise ₹8.77 Billion Via Preferential Shares

The board of directors and the shareholders of Ola Electric Technologies, a wholly owned subsidiary of Ola Electric Mobility, have approved a proposal to raise ₹8.77...

October 1, 2025

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Staff

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Electric Vehicles
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China Targets 3.6 TW Wind and Solar Capacity by 2035

China has announced its new Nationally Determined Contributions (NDC) targets for 2035, aiming to expand the country’s installed wind and solar capacity to 3.6 TW. The...

September 29, 2025

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Melvin Mathew

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Press Releases

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Solar
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Government Modifies PM E-DRIVE Incentives for Electric Three-Wheelers

The Ministry of Heavy Industries (MHI) has modified the incentives for electric three-wheelers (e-3W) under the PM Electric Drive Revolution in Innovative Vehicle...

August 13, 2025

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Staff

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Electric Vehicles

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Market & Policy
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Government Amends PM E-DRIVE Program to Focus on Indigenization

The Ministry of Heavy Industries (MHI) has amended the Phased Manufacturing Programme (PMP) for the electric vehicle (EV) public charging stations component of the PM...

July 22, 2025

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Tina Freese

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Markets & Policy

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Other

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Renewable Energy
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IFC to Invest $20 Million in EV Platform Transvolt Mobility

The International Finance Corporation (IFC) has announced a $20 million equity investment in Mumbai-based electric vehicle (EV) platform Transvolt Mobility (Transvolt),...

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Panasonic Opens EV Battery Manufacturing Plant in Kansas

Panasonic Energy, a Panasonic Group company, has announced the opening of its new cylindrical lithium-ion (Li-ion) battery factory for electric vehicles (EV) in De Soto,...

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Electric Vehicle Sales Clock 34% YoY Growth in Q2 2025

Electric vehicle (EV) sales in India reached 530,386 units in the second quarter (Q2) of 2025, an over 34% year-over-year (YoY) increase from 396,719 units. EVs...

July 1, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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EV Charging Software Platform Kazam Raises $6.2 Million in Series B Funding

Electric vehicle (EV) charging software platform Kazam has raised $6.2 million in a Series B funding round from the International Finance Corporation (IFC) and existing...

June 23, 2025

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Tina Freese

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Electric Vehicles

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Market & Policy
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Oben Electric Secures ₹500 Million in Extended Series A Funding

Bengaluru-based electric motorcycle manufacturer Oben Electric has raised an additional ₹500 million (~$5.8 million) in May 2025 through an extended Series A funding...

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Clean Mobility Startup Vecmocon Raises $18 Million in Series A Funding

New Delhi-based sustainability and clean mobility startup Vecmocon has raised $18 million (~₹1.54 billion) in a Series A funding round from Ecosystem Integrity Fund,...

June 10, 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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$14 Billion Clean Energy Investments Cancelled in US in 2025

Businesses in the U.S. have canceled or delayed over $14 billion in investments in clean energy and clean vehicle factories since January this year due to rising fears...

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Daily News Wrap-Up: Leading Solar Module Suppliers in 2024

Jinko Solar, Waaree Energies, LONGi Green Energy Technology, Trina Solar, and Adani Solar were the top solar module suppliers in 2024, according to Mercom’s recently...

June 3, 2025

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Mercom Staff

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Daily Wrap-up
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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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