GEF Invests ₹5.8 Billion in TI Clean Mobility to Develop EV Verticals
TI Clean Mobility (TICMPL), a wholly-owned subsidiary of Tube Investments of India, a Murugappa Group company, has raised ₹5.8 billion (~$69.5 million) in equity and convertible preference shares from South Asia Growth Invest III LLC and South Asia EBT Trust…
iVOOMi Launches JeetX ZE E-scooter at a Starting Price of INR 79,999
VOOMi, a leading innovator in the electric vehicle industry has unveiled JeetX ZE e-scooter at a starting price of INR 79,999. JeetX ZE has been engineered in India, for Indians, with 18 months of extensive R&D effort and over 100K…
Magenta Mobility Partners with Switch Mobility to Deploy eLCVs Across India
Magenta Mobility, an integrated electric mobility solutions provider, and Switch Mobility, the electric vehicle arm of the Hinduja Group, have signed a Memorandum of Understanding (MoU) to procure 500 SWITCH IeV4 (Intelligent EV) over two years. The key handover and…
DGI Partners With EVAge Motors to Manufacture World-class Electric Motor in India
DG Innovate (LSE: DGI), the advanced R&D company developing pioneering solutions in sustainable mobility and energy storage, has entered into an MoU to establish a transformative joint venture (“JV”) with EVage Motors (“EVage”), the fastest-growing electric truck company in India….
Arafat Rancon Rolls Out Six Models of Mercedes Benz EVs
Rancon Motors, the sole distributor of Mercedes Benz automobiles in Bangladesh, yesterday launched six models of electric vehicles (EVs) to grab the country’s EV segment. The models are the Mercedes-Benz EQS 450 4matic SUV, EQS 450+ Sedan, EQE 350+ SUV,…
Anshum Jain Quits Daimler, Joins Schneider Electric as VP Global Supply Chain
Before his tenure at DICV, where he served as COO for nearly three years, Jain held the position of Chief Operating Officer at Wirtgen Group for over seven years. Prior to that, he served as General Manager of Operations at…
Certificates Granted To 20+ OEMs For Electric Vehicle Subsidies Under EMPS
The Centre has granted certification to over 20 vehicle Original Equipment Manufacturers (OEMs) to participate in the short-term E-Mobility Promotion Scheme (EMPS). According to sources, these 20 companies, including all major two and three-wheeler manufacturers, can now avail incentives under…
Sens. Cramer, Hoeven Call for Killing EV Tax Credits
Two more North Dakota elected officials are showing no love for the electric vehicle. Republican U.S. Sens. Kevin Cramer and John Hoeven on Thursday issued news releases announcing they are co-sponsoring a bill to eliminate tax incentives for electric vehicles….
NACOF OORJA Launches Special Purpose Vehicle (SPV) to Promote Sustainable Farming in India
NACOF Oorja, one of India’s leading Renewable Energy developers and operators, supported by NACOF, a multi-state Cooperative Society registered under the Ministry of Agriculture, today announced the launch of a Special Purpose Vehicle (SPV), E ASTRA NACOF OORJA Pvt Ltd…
Magenta Mobility and Kuehne+Nagel Collaborate to Electrify Road Logistics in India
Magenta Mobility, an integrated electric mobility solutions provider, and Kuehne+Nagel, a global leader in logistics solutions, announce a strategic partnership to decarbonise road freight in India. A flag-off ceremony was held at Magenta Mobility’s corporate office in Bangalore to commemorate…
