Kenya to Invest 1.9 mln USD to Boost EV Adoption in 3 years
Kenya Power, the country’s electricity distributor, said on Monday that it will invest 1.93 million U.S. dollars in the next three years to spur the adoption of electric vehicles (EVs) in the country. Kenya Power Managing Director Joseph Siror said…
Macquarie to Invest $1.5 bn in EV Leasing, Charging Infra
Macquarie Asset Management (MAM) on Monday launched Vertelo, a platform to provide end-to-end solutions in fleet electrification, and committed to invest $1.5 billion over 10 years in India. The company aims to accelerate the transition of fleets to EVs and…
Pavna Industries Inks Deal with Ola Electric to Supply gnition witches, Latches for EVs
Pavna Industries Limited, a leading automotive parts manufacturer has inked an agreement with Ola Electric to supply ignition switches and latches, consolidating its foray into the electric two-wheeler segment. Under this agreement, Pavna Industries commits to providing high-quality ignition switches…
Sheeva.AI Empowers In-Vehicle Services Marketplace for New Citroen Vehicles in India
Sheeva.AI today announced in-vehicle payment technology through SheevaConnect™product suite for Citroen C3 Aircross SUV AT, the most budget-friendly automatic mid-sized SUV in India. The in-vehicle payments technology will allow the new Citroen C3 Aircross AT owners to pay for fuel…
Automakers Hope for a Cut as Two-way EV Charging Becomes Real
Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. Bidirectional, or vehicle-to-grid (V2G), charging…
Pavna Inds Hits the Roof After Signing Auto Component Supply Agreement With OLA Electric
Pavna Industries was locked in 5% upper circuit at Rs 561.40 after the company announced that it has inked an agreement with OLA Electric to supply ignition switches and latches. Ola Electric Mobility, headquartered in Bengaluru, is India’s largest electric…
PURE EV and PDSL Announce JV to Develop Next-Gen EV 2W in UK
PURE EV, India’s leading EV 2W OEM, today, announced forming a JV with Pragmatic Design Solutions Ltd (PDSL), UK. With a shared vision to transform electric mobility and enhance transportation affordability, PURE EV and PDSL (UK) collaborate to cater to…
Spain’s Ebro-EV Motors, China’s Chery Join Hands to Develop New Cars
Spain’s auto company Ebro-EV Motors and China’s Chery Automobile signed a pact on Friday to develop new electric vehicles through a joint venture in the northeastern Spanish city of Barcelona. Under the alliance, Chery will become the first Chinese automaker…
Tesla Power India, E-Ashwa Automotive to Launch India’s 1st Electric Two-wheeler With Fire Safety Technology
Tesla Power India Pvt. Ltd. and E-Ashwa Automotive have announced their partnership to introduce the first electric 2W vehicle (EV) in India with a built-in fire suppressant system. This new feature is expected to improve safety standards for EVs across…
20 Energy Firms Create Alliance for EV Charging Via UPI-like System in India
At least 20 energy companies have joined hands to create an alliance for an open energy network called the Unified Energy Interface (UEI), which is a unified payments interface (UPI)-like system for EV charging, the firms said in a statement…
