Workhorse Secures $200 Million Financing From Institutional Lenders
Workhorse Group Inc., an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a note purchase agreement (the “NPA”) under which it will sell $200 million aggregate principal amount…
Electric Vehicle Startup PURE EV Enters International Market
IIT Hyderabad-incubated startup PURE EV has entered its first international market with plans to launch its premium model ‘EPluto7G’ in Nepal by October 2020. A unique aspect of this vehicle is that the battery and the vehicle have been designed…
Canadian Startup Launches INDIEGOGO Funding Campaign For Low-Cost Electric Self-Charging Solar Tricycle Produced In Pakistan
A Canadian startup has launched an INDIEGOGO funding campaign to support the development of the VEGAN electric self-charging solar tricycle. The VEGAN is a lightweight multipurpose hybrid electric-self-charging solar tricycle. The team has not yet produced a working demo for…
EV Connect Partner Program To Deliver Best-In-Class Electric Vehicle Charging
Building on the success of improving charge station reliability through its groundbreaking EV Charge Station (EVCS) Certification Program, EV Connect announced a new Partner Program to simplify charge station deployment, improve the ownership experience for site owners, and ensure both…
EV Firm Ampere Ties Up With eBikeGo, To Supply 2,000 Electric Scooters
Electric Vehicle (EV) manufacturer Ampere announced that it has tied up with e-mobility start-up eBikeGo, and that it has subsequently secured an order for the supply of 2,000 electric scooters. The latest order follows closely behind the 3,000 electric scooters…
Audi To Set Up A Joint Venture With China’s FAW To Manufacture Electric Vehicles
Audi, a German luxury automobile manufacturer, announced that it has signed a Memorandum of Understanding with China’s state-owned automobile company FAW to launch a joint venture to produce electric vehicles in China. The company said that it would produce several…
BlackRock Invests $118 Million In UK Electric Vehicle Startup Arrival
British electric vehicle startup Arrival said it has raised $118 million from U.S. funds manager BlackRock Inc. Five-year-old Arrival is focused on development of electric commercial vehicles, including vans and buses. It previously had raised $111 million from Korean automaker…
More Investment In EV Battery Cell Manufacturing Required To Meet Emissions Targets: IEA
More investment needs to be made in electric vehicle battery manufacturing in order for the world to meet net-zero ambitions, the International Energy Agency said in its latest World Energy Outlook. The widely anticipated report looked at a variety of…
Govt Invites Proposals For Development Of EV Charging Infra On Major Highways
The government has invited proposals for installation of charging stations for electric vehicles (EVs) on major highways and expressways. The Department of Heavy Industry has floated an Expression of Interest (EoI) for inviting proposals from government organisations, PSUs (state/ central),…
Indonesia To Create Firm To Build Up Electric Vehicle Battery Industry
A group of Indonesian state-owned companies will form a venture to make batteries to power electric vehicles, the Mining Industry Indonesia (MIND ID) chief executive said. Indonesia, the world’s biggest producer of nickel ore, a key component of EV batteries,…
