Bajaj Finance secures $400 million Loan from IFC to Boost Electric Vehicle Sales
The International Finance Corporation (IFC) has partnered with Bajaj Finance to provide a $400 million loan to the company in order to support women-owned microenterprises and women micro-borrowers, as well as to increase access to climate finance for electric vehicles…
Sterling Tools Partners with GLVAC to Boost EV Component Manufacturing in India
Sterling Tools Limited, through its subsidiary Sterling Tech-Mobility Limited, has joined forces with China-based Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT) to enhance the manufacturing of High Voltage Direct Current (HVDC) contactors and relays in India. This…
Hala Mobility Secures Rs 51 Crore in Pre-Series A Funding to Expand Urban EV Fleet
Hala Mobility, an EV-as-a-Service platform, has successfully raised Rs 51 crore (approximately $6 million) in its pre-Series A funding round. The round saw participation from founders Srikanth Reddy and Snehith Reddy, Phani Ramineni (founder of Previa Health), and Rohan Bajaj’s…
Electric Two-Wheeler Sales Surge To 1.39 Lakh Units In October As Festive Season Fuels 85 Per Cent Growth
The festive season brought a surge in demand for electric two-wheelers, with retail sales reaching 139,031 units in October 2024. This marks an 85 per cent year-on-year growth compared to the previous year’s 75,164 units, as the 32-day festivities across…
Audi Unveils New EV brand in China without Four Ring Logo
SHANGHAI (Reuters) – Audi on Thursday unveiled a new electric vehicle brand in China whose cars will sport just the name AUDI and not its signature four-ring logo, a move aimed at attracting younger customers in the world’s largest auto…
IoBM Unveils Groundbreaking Electric Vehicle, Setting New Standards for Cybersecurity and Mobility
In a major development for the electric vehicle (EV) sector, the Innovation Business Machine (IoBM) has announced the launch of a revolutionary new EV model designed to elevate both transportation and cybersecurity standards. Under the visionary leadership of Founder and…
Tata Power Expands EV Charging Infrastructure in Eastern Uttar Pradesh
Tata Power, a leading integrated power company in India that specializes in electric vehicle (EV) charging solutions, has launched a new EV charging station in Azamgarh, Uttar Pradesh. This initiative is designed to improve connectivity in Eastern Uttar Pradesh, linking…
Suzuki Unveils First Electric SUV: e Vitara
Milan (Italy), Nov 4 (PTI) Suzuki Motor Corporation on Monday unveiled its first mass-production battery electric vehicle — the e Vitara — in Europe. Production of the model is slated to commence at Suzuki Motor Gujarat in India in spring…
Royal Enfield Launches Flying Flea C6, its First Electric Motorbike for Urban Riders
Royal Enfield has officially launched its highly anticipated electric motorbike, the Flying Flea C6, marking the brand’s entry into the electric vehicle (EV) market. Set to hit the roads in 2026, the Flying Flea brand aims to cater to urban…
BCA Introduces EV Battery Health Grading to the Remarketing Sector
In a first for the UK remarketing sector, BCA is introducing a new EV Battery Health Grading service, allowing BCA’s customers to buy electric vehicles with even greater confidence. BCA is reporting record levels of used EV sales in 2024…
