Electric Vehicle Startups Euler Motors And BLive Raise Funding
Euler Motors, an electric vehicle startup, has closed its Series A round at $9.5 million with an additional infusion of $2.6 million (around Rs 18.87 crore). In a statement, the company said it has raised this capital from ADB Ventures,…
Bharat Forge To Undertake Electric Vehicle Biz Through Wholly-Owned Unit
Auto components firm Bharat Forge said it intends to undertake electric vehicle (EV) business through a special purpose vehicle, which would be a wholly-owned subsidiary of the company. As an initial step, the company has decided to acquire newly formed…
China’s Geely To Add $5 Billion Battery Plant In EV Push
Geely said it would build an electric vehicle battery factory with a planned annual manufacturing capacity of 42 gigawatt hours (GWh) in China’s eastern city of Ganzhou, as it expands its EV line-up in the world’s biggest car market. The…
Petition Filed To Bring Hydrogen Fuel Cell-Based Electric Vehicles Under FAME Program
In an attempt to bring the hydrogen fuel-based vehicles and infrastructure under the ambit of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) program, public interest litigation (PIL) has been filed before the Delhi High Court by a practicing…
Governments Invest In Electric Vehicle Battery Plant
The governments of Canada and the province of Quebec will make an equal investment totalling almost $100 million for the creation of a highly-automated battery-pack assembly plant in St-Jerome, an hour north of Montreal. The project which will require an…
Volkswagen To Build Six Electric-Vehicle Battery Factories In Europe
Volkswagen AG said it would invest in six large battery factories and build out charging infrastructure, highlighting some global auto makers’ push to take control of battery making as electric vehicles boom. The world’s automotive industry is pivoting to electric…
Chinese Tesla Rival Xpeng Motors Gets $76 Million Investment From Government
China — Electric carmaker Xpeng Motors has got a new round of investment from the government of the southern Chinese province of Guangdong. The 500 million yuan ($76.9 million) funding from Guangdong Yuecai Investment Holdings Co., the province’s investment arm,…
Volvo Group Venture Capital Invests In EV Charging Software Company Driivz
Volvo Group Venture Capital AB has invested in Driivz Ltd., a global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. The Driivz platform functions as an operating system for…
Decision To Install Charging Point At Every 3 Km Paving Way For Delhi As EV Capital: Transport Minister Gahlot
Transport Minister Kailash Gahlot said the AAP government’s decision install a charging point at every three kilometers will pave the way for making Delhi the “electric vehicle” capital. He said the Delhi government has taken a lead across India in…
Government Approves Use Of Ethanol-Gasoline Blend As Automotive Fuel
The Ministry of Road Transport and Highways has greenlighted the use of E20 – a blend of 20% ethanol and 80% gasoline – as an automotive fuel. Mass emission standards for the use of E20 have also been notified in…
