Tata Group Plans IPO For Electric Vehicle Unit, Eyes $1-2 Billion Listing
In a move aimed at monetising its investments in the electric vehicle (EV) sector, Tata Group is gearing up to list its subsidiary, Tata Passenger Electric Mobility Ltd (TPEM), in an initial public offering (IPO) valued at $1-2 billion. According…
BYD Unveils $233,450 EV to rival Ferrari, Lamborghini
BYD Co debuted its most expensive car on Sunday, a 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted against gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini. The Yangwang U9 will initially be for the China market,…
Log9, Trinity Cleantech Team Up for Interoperable Charging Network
Log9, a prominent innovator in EV charging solutions, and Trinity Cleantech, a comprehensive provider of sustainable solutions, have come together to establish an interoperable charging network. Trinity Cleantech plans to deploy 2,000 public charging stations under its brand name “Thunder+”…
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…
