Tamil Nadu CM Lays Foundation Stone for VinFast’s EV Plant in Tuticorin
Tamil Nadu Chief Minister M K Stalin on Sunday laid the foundation stone for the electric vehicle car and battery manufacturing facility of VinFast Auto Ltd which has earmarked investments to the tune of ₹16,000 crore in the state. The…
EV START-UP VIDYUT RAISES $10 MILLION IN SERIES A LED BY 3one4 CAPITAL
Vidyut, an EV ecosystem start-up, has raised $10 million in its Series A round, led by 3one4 Capital. The round also witnessed participation from new and existing investors namely, Saison Capital, Zephyr Peacock, Force Ventures, a venture debt fund Alteria…
Zoomcar Partners With SPARKCARS to Drive EV Adoption in Self-drive Sector
As the rental market continues to evolve, this partnership will help increase the supply of EV cars available for self-drive to meet the growing needs of convenient and independent travel, and also a strategic move to increase awareness of higher…
Vietnam EV Maker VinFast Reports $2 Billion Net Loss In 2023
Vietnamese electric vehicle maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90 percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to…
SAP Goes the Distance With EV Fleet Digitalization
Electric vehicles (EVs) are transforming the mobility experience in corporate fleet management. A great example is the partnership between Mercedes-Benz and SAP where the companies are both customers and vendors to each other. Mercedes-Benz is using SAP solutions to digitalize…
New Renault Kwid EV to debut on 21 February
Last year, the Renault-Nissan alliance announced the debut of six new models for India, including two A-segment electric vehicles. Now, out of the two, one electric car is the new Renault Kwid EV. Dubbed the Dacia Spring EV, this upcoming…
PURE EV Bags $8 Mn To Scale Up Its EV Two-Wheeler Playbook
Hyderabad-based electric vehicle manufacturer PURE EV (Power Using Renewable Energy) has raised $8 Mn (INR 66.3 Cr) in a funding led by Bennett Coleman and Company Limited, Hindustan Times Media Ventures, with participation from Ushodaya Enterprises Private Limited and existing…
Ford CEO Open to Working With Rivals to Compete With China
Ford Chief Executive Jim Farley said on Thursday the automaker is reworking its electric vehicle strategy to compete with Chinese rivals, and opened the door to collaboration with other automakers to cut EV battery costs. BYD and other low-cost Chinese…
Mahindra to Use Volkswagen Electric Components, Battery Cells
Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker’s open platform for electric vehicles (EVs), the companies said in a statement on Friday. Mahindra plans to use…
Tirex Chargers and Government of Gujarat Ink MoU for One of the Largest EV DC Charger Manufacturing Plants in India
Tirex Chargers, a leading Original Equipment Manufacturer (OEM) of Electric Vehicle (EV) chargers, and the Government of Gujarat have formalized their commitment to India’s sustainable future by signing a Memorandum of Understanding (MoU) on January 6, 2024. The signing ceremony…
