Samsung, Alongside Stellantis To Build Its First Electric Vehicle Battery Plant In The US
South Korean battery maker Samsung SDI said it will build its first electric vehicle (EV) battery plant in the US with global carmaker Stellantis N.V., joining other local rivals’ moves to tap deeper into the region. The announcement confirms earlier…
Tata Motors To Raise $1 Billion In Passenger Electric Vehicle Business
Homegrown auto major Tata Motors said it will raise $1 billion (Rs 7,500 crore) in its passenger electric vehicle business from TPG Rise Climate at a valuation of up to $9.1 billion. Tata Motors Ltd (TML) and TPG Rise Climate,…
Gogoro Launches Battery Swapping In China
Gogoro, a global technology leader in battery swapping ecosystems that enable sustainable urban mobility, today launched its leading battery swapping system in China, the largest two-wheel vehicle market in the world. Gogoro is partnering with China’s leading vehicle makers, Yadea…
Battery Tech Startup Log 9 Raises Funds From Global Energy Solutions Company PETRONAS
Bengaluru-based battery-tech startup Log 9 Materials has raised $2 Mn in funding from global energy solutions company PETRONAS. This took the total funds raised in this round of funding at $10 Mn. The Series A round was led by Amara…
NMMC’s EV Charging Station in Navi Mumbai To Be Set Up By 2021-End
Navi Mumbai will soon get an electric vehicle (EV) charging station. The Navi Mumbai Municipal Corporation (NMMC) is setting a charging station in Nerul along the Palm Beach Road with three charging points. During 2020-21, the civic body had proposed…
Nippon India Files For Electric Vehicle Index Fund With Sebi
Nippon Life India Asset Management Ltd has applied for an open-ended scheme that will look to replicate or track S&P Kensho Electric Vehicles Index, which is designed to measure the performance of companies involved in the electric vehicle sector and…
EV Ride-Hailing Startup BluSmart Raises $25 Million Funding Round Led By BP
BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart. It led a USD 25 million Series A round that also saw support from Mayfield India…
SoftBank Group-Backed Ola Electric Raises Over $200 Million
A unit of SoftBank Group-backed Indian ride-hailing company Ola has raised more than $200 million, led by venture capital firm Falcon Edge, at a valuation of $3 billion, the company said in a statement. The company’s Ola Electric unit aims…
Mahindra Considering Funding Options For EV Supercar Unit
Mahindra & Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, according to a report. The Munich-based luxury electric vehicle unit had…
World’s Largest EV Battery Maker To Buy A Lithium Miner
The world’s largest maker of electric-vehicle batteries has agreed to buy Canadian miner Millennial Lithium in a move to bolster its supply of key mineral lithium. Chinese battery maker Contemporary Amperex Technology (CATL) outbid rival Ganfeng Lithium‘s July C$353 million…
