India’s Transition To EVs Will Require $266 Billion Investment Over Next Decade: Report
India’s Electric Vehicle (EV) transition will require a cumulative capital investment of $266 billion, around Rs 19.7 lakh crore, in EVs, charging infrastructure, and batteries over the next decade, according to a new report by Niti Aayog and Rocky Mountain…
Wallbox Gains €33Mn Fresh Capital
Spain’s charging solutions supplier Wallbox closed a €33 million financing round led by new investors Cathay Innovation and Wind Ventures. Existing investors such as Iberdrola and Seaya Ventures were also on board. Wallbox expects the new capital to inject strategic…
General Motors Plans To Be Carbon-Neutral By 2040; Eliminate LDV Tailpipe Emissions By 2035
GM plans to become carbon-neutral in its global products and operations by 2040 and has committed to setting science-based targets to achieve carbon neutrality. The company has also signed the Business Ambition Pledge for 1.5⁰C, an urgent call to action…
FAME-II Scheme Restructuring Entire EV Industry, Needs Another 3-4 Years Extension: Ather Energy
FAME-II scheme, the programme meant to advertise electric vehicles in India, has helped in attracting investments within the sector within the nation and must be prolonged by one other three to 4 years, in line with a prime official of…
Tech Start-Up Matter To Launch Electric Vehicles, Energy Solutions In India
Matter, an Ahmedabad-based technology start-up, said it would launch electric vehicles and a range of energy solutions in India starting 2021. The company will enter key Indian cities, including New Delhi, Bengaluru, Mumbai, Chennai, Hyderabad, Kolkata, Pune, Lucknow and Chandigarh,…
Wardwizard Innovation Inaugurates One of India’s Largest Electric Two-Wheelers Plant To Generate 6000 Employment Opportunities
Wardwizard Innovations & Mobility Ltd. – one of the leading companies in the EV segment which owns brand including Joy e-bike and Vyom Innovation has inaugurated a new state-of-the-art facility at Vadodara, Gujarat for manufacturing electric two-wheelers. Company has invested…
Samsung And Tesla Join Forces To Manufacture 5nm Chip Facilitate Autonomous Driving
For a while, Samsung had been taking steps to become the market leader in the chipset manufacturing space. Now, with the absence of Huawei in the market, Samsung has the opportunity and the space to fulfill its ambition. Last year,…
Finland Targets Investors In Bid To Create New Battery Industry
Finland is looking for investors to help it build a new industry around electric-vehicle batteries over the next half decade. The country, which refines more than half the cobalt produced in Europe, published a report, laying out its case. One…
Volvo Energy: Batteries, Charging, 2nd-Life, And Hydrogen
Volvo Group has formed a new business division, Volvo Energy, to streamline electrification. They will look to bundle internal activities around energy and charging but also provide used batteries to external customers for energy storage solutions. Volvo Energy concerns the…
Shell Looks To Wholly Own Ubitricity
Shell wants to take over the Berlin-based charging infrastructure specialist Ubitricity. Subject to antitrust approval, the deal is expected to close this year. Once the agreement is completed, Ubitricity is expected to become a wholly-owned subsidiary of Shell. “This decision…
