Statiq to set up EV Charging Stations at Wayside Facilities of Cube Stop Wayside Amenities
Statiq, a leading electric vehicle (EV) charging network has partnered with Cube Stop Highway Rest Areas, to enhance EV charging infrastructure across highways in the country. Under this collaboration, Statiq will install EV charging stations at multiple Cube Stop Highway…
Charge Zone Secures $19 Million from BII to Expand EV Charging Infrastructure
Charge Zone, an India-based electric vehicle (EV) charging network firm, has secured a commitment of $19 million from British International Investment (BII), the United Kingdom’s development finance institution, to accelerate the expansion of EV charging infrastructure in India. The investment…
Vitesco And Sanden to Develop EV Thermal Management System
Vitesco Technologies has joined hands with Sanden International, a key player in automotive thermal management technology. The duo will develop an Integrated Thermal Management System for Battery Electric Vehicles (BEVs). The concept of the new Integrated Thermal Management has been…
Axis Bank Backs Everest Fleet With $12.1 Mn Loan To Accelerate Electric Mobility In India
Axis Bank has extended a loan of INR 1 Bn ($12.1 Mn) to Everest Fleet for four years along with GuarantCo, a local-currency credit solution company, part of the Private Infrastructure Development Group (PIDG) as its guarantor. Founded in 2016…
inDrive to Strengthen EV in India
inDrive, the global mobility and urban services platform, is undertaking several measures to promote the use of electric vehicles in its fleet, for a more sustainable future. These include researching electric vehicle (EV) opportunities worldwide (with a focus in India),…
MG Motor India Installs 500 EV Chargers in 500 days
MG (Morris Garages) has set up 500 chargers in 500 days under its the company’s Charge initiative in India. Launched in 2022, the programme is dedicated to installing 1,000 charging points in 1,000 days in apartments, condominiums, and societies for…
Tata Passenger Electric Mobility Signs an MOU with Vertelo to Accelerate E-mobility in India
Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors Ltd., known for pioneering India’s electric vehicle (EV) revolution, has signed a non-binding Memorandum of Understanding with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of…
Kenya to Invest 1.9 mln USD to Boost EV Adoption in 3 years
Kenya Power, the country’s electricity distributor, said on Monday that it will invest 1.93 million U.S. dollars in the next three years to spur the adoption of electric vehicles (EVs) in the country. Kenya Power Managing Director Joseph Siror said…
Macquarie to Invest $1.5 bn in EV Leasing, Charging Infra
Macquarie Asset Management (MAM) on Monday launched Vertelo, a platform to provide end-to-end solutions in fleet electrification, and committed to invest $1.5 billion over 10 years in India. The company aims to accelerate the transition of fleets to EVs and…
Pavna Industries Inks Deal with Ola Electric to Supply gnition witches, Latches for EVs
Pavna Industries Limited, a leading automotive parts manufacturer has inked an agreement with Ola Electric to supply ignition switches and latches, consolidating its foray into the electric two-wheeler segment. Under this agreement, Pavna Industries commits to providing high-quality ignition switches…
