Dana To Invest USD 18 Million In Switch Mobility For 1% Stake
Switch Mobility Ltd, the electrified commercial vehicles company and subsidiary of Ashok Leyland Ltd, Indian flagship of the Hinduja Group, announced a strategic agreement with Dana Incorporated (Dana), the global leader in drivetrain and e-propulsion systems, to make a minority…
Hero Electric Raises ₹2.2 Billion In Series B Funding
Electric scooter manufacturer Hero Electric has announced that it has raised ₹2.2 billion as the first part of its Series B funding. Gulf Islamic Investments (GII) and Hero Electric’s existing investor OAKS Asset Management (OAKS) led the funding round. The…
Ola Electric Scooter Receives A Record 1 Lakh Bookings In 24 Hours.
Ola Electric CEO Bhavish Aggarwal announced that the much-anticipated Ola e-scooter has garnered 1 lakh bookings in just 24 hours of opening of pre-launch bookings, making it the ‘most pre-booked scooter’ in the world. Ola Electric had announced the opening…
BSES Rajdhani To Empanel Private EV Charging Infrastructure Providers In Delhi
BSES Rajdhani Power (BRPL) has invited proposals to empanel vendors for deploying electric vehicle (EV) charging infrastructure across various sites in Delhi. These include semi-public sites or commercial buildings such as malls, offices, etc.; institutional buildings such as hospitals, colleges,…
LG Chem To Invest 6 Trillion Won In Battery Business
LG Chem is aiming to invest 6 trillion won (4.4 billion euros or 5.2 billion dollars) in the expansion of its battery materials business for electric cars by 2025. They want to establish a new cathode material facility in Gumi,…
Tata Power Joins Hands With HPCL To Set Up EV Charging Stations At Its Petrol Pumps Across The Country
Tata Power, India’s largest integrated power company, has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL), a Maharatna Oil & Gas Public Sector undertaking, to provide end-to-end EV charging stations at HPCL’s retail outlets (petrol pumps) in multiple cities…
Startup Log 9 Materials Develops Fast-Charging Batteries For Electric Vehicles
Log 9 Materials, a startup incubated from IIT-Roorkee five years ago, has developed fast-charging batteries for electric vehicles, which will help extend the life of the power unit and adoption of EVs, an official said. The company is carrying out…
Goa Issues Draft EV Policy, Proposes All Two-Wheelers To Switch To Electric After 2025
The Goa government has issued the draft ‘Goa Electric Mobility Promotion Policy, 2021’. The policy would be enforced for five years, from the date of its notification in the official gazette. In February this year, Goa’s Minister of Power, Environment,…
Magenta Sets Up Largest Public EV Charging Station In Navi Mumbai
Mumbai-based EV solutions provider Magenta announced the setting up of the country’s largest public EV charging station in Navi Mumbai as part of its plans to provide 4,000 charging facilities by March next year. The company, which provides end-to-end hardware,…
Electrify America To Double EV Charging Stations By 2025
Electrify America, an electric vehicle charging network funded with money paid by Volkswagen as punishment for its emissions cheating scandal, says it plans to more than double its number of charging stations throughout the United States and Canada. The expansion…
