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Daily News Wrap-Up: Maharashtra’s 7.78 GW Solar KUSUM Auction Results

SJVN Green Energy, Megha Engineering & Infrastructures, and Avaada Energy were amongst the winners of MSEB Solar Agro Power’s (MSAPL) auction to procure over 7 GW...

March 15, 2024

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Mercom Staff

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Daily Wrap-up
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Government Launches ₹5 Billion Program to Promote Electric Mobility

The Ministry of Heavy Industries (MHI) has launched the Electric Mobility Promotion Program 2024 with a funding of ₹5 billion (~$60.34 million). The program is scheduled...

March 14, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Daily News Wrap-Up: Karnataka Lowers Retail Electricity Tariff for C&I Consumers

The Karnataka Electricity Regulatory Commission has reduced the retail electricity tariff for commercial and industrial consumers of high tension categories in the...

March 7, 2024

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Mercom Staff

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Daily Wrap-up
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Jindal Commissions 15 MW Rooftop Solar Project at Odisha Steel Mill

Jindal Steel & Power (JSP) has commissioned a 15 MWdc rooftop solar project at its steel manufacturing plant in Angul, Odisha. The 15 MW capacity comprises two...

February 29, 2024

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Gautamee Hazarika

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Rooftop

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Solar
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Yulu Raises ₹1.6 Billion to Meet Increased Demand in Shared E-Mobility

Bengaluru-based shared electric two-wheeler company Yulu has raised ₹1.6 billion ($19.25 million) in equity funding from existing investors Bajaj Auto and Magna...

February 23, 2024

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Staff

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Electric Vehicles

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Press Releases
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Mahanagar Gas Forays into EV Sector with ₹960 Million Investment in 3ev

Natural gas company Mahanagar Gas Limited (MGL) has announced the acquisition of 30.97% shareholding in 3ev Industries, a three-wheeler electric vehicle (EV)...

February 14, 2024

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Staff

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Electric Vehicles
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Electric Scooter Startup River Raises $30 Million in Series B Funding

Electric-scooter startup River has raised $40 million (₹3.35 billion) in an oversubscribed Series B funding led by Yamaha Motor. The Bengaluru-based electric vehicle...

February 6, 2024

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Staff

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Electric Vehicles

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Finance and M&A
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EV Leasing Firm Electrifi Secures ₹250 Million Funding from ADB, AdvantEdge

Commercial electric vehicle (EV) leasing and asset management company Electrifi Mobility secured ₹250 million (~$3.02 million) in seed-stage funding led by Asian...

February 2, 2024

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Staff

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Electric Vehicles

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Market & Policy
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Month in a Minute: Top Headlines from Indian Renewable Sector in January 2024

Global corporate funding in the solar sector in 2023, including venture capital (VC) investments, public market funding, and debt financing, reached $34.3 billion, a 42%...

February 1, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Budget 2024 Highlights: Free Electricity Via Rooftop Solar, VGF for Offshore Wind

Union Finance Minister Nirmala Sitharaman unveiled key measures during the presentation of the 2024 interim budget, signaling a significant push towards sustainable...

February 1, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Rooftop Solar and EV Financing Firm Ecofy Secures ₹900 Million

Non-banking financial company Ecofy has secured an investment of ₹900 million (~$10.83 million) from FMO, a Dutch entrepreneurial development bank, to facilitate product...

January 25, 2024

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Staff

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Finance and M&A

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Other
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Electric Vehicle Logistics Startup EVIFY Raises $1.3 Million

Gujarat-based electric-vehicle (EV) logistics startup EVIFY has raised $1.3 million in a pre-series A round to finance its operational expansion across Gujarat and...

January 11, 2024

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Satish Shetty

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Electric Vehicles

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Market & Policy
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Himachal Pradesh Restricts State Departments from Buying Diesel-Petrol Vehicles

The state government of Himachal Pradesh has directed all state departments to stop buying diesel or petroleum vehicles and promote the adoption of electric vehicles...

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Electric Vehicle Sales Clock 50% YoY Growth in 2023 to Reach 1.5 Million Units

Electric vehicle (EV) sales in India reached a record 1.53 million units in 2023, a jump of over 50% year-over-year (YoY) against the million units sold in 2022. EVs...

January 2, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Parliamentary Standing Committee Calls for Uniform Electric Vehicle Policy

The Parliamentary Standing Committee on Industry has recommended that the government formulate a consistent and stable national policy on electric mobility to create a...

December 22, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy

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