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AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch

AutoNxt Automation, a Maharashtra-based e-mobility tech startup, has raised funds in a Pre-Series A funding round to finance the launch of its first electric tractor...

April 11, 2024

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Mercom Staff

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Electric Vehicles

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Finance and M&A
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Daily News Wrap-Up: REC Records Highest-Ever Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year 2023-24, a...

April 11, 2024

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Mercom Staff

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Daily Wrap-up
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China Takes on US in WTO Over IRA Subsidies for Clean Energy and EVs

China has formally petitioned the World Trade Organization (WTO) for dispute consultations with the U.S. regarding certain tax credits under the country’s Inflation...

April 2, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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Zetwerk Bags Contract to Install 1,400 EV Fast Chargers from Indian Oil

Bengaluru-based Zetwerk, an industrial and consumer infrastructure firm, has won a contract to set up over 1,400 electric vehicle (EV) fast chargers for Indian Oil...

April 1, 2024

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Staff

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Electric Vehicles
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EV Sales Sustain Growth Momentum, Up 40% YoY in Q1 2024

Electric vehicle (EV) sales in India reached a record 486,669 units in the first quarter (Q1) of 2024, a jump of over 40% year-over-year (YoY) against the 347,676...

April 1, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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CESL Floats O&M Tender for 31 EV Charging Stations in Noida

Convergence Energy Services Limited (CESL) has invited bids for selecting a managed service partner for the operations, management, maintenance, and security of 31...

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Daily News Wrap-Up: Delhi Targets 4.5 GW Solar Capacity by 2027 with New Policy

The Delhi government has announced plans to install 4,500 MW of solar capacity, including 750 MW of rooftop solar within the state and around 3,750 MW of utility-scale...

March 18, 2024

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Mercom Staff

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Daily Wrap-up
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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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