Magenta Power Raises Rs.120 Cr From Indian American Philanthropist Kiran Patel
Magenta EV Solutions, a startup associated with developing changing devices for electric vehicles, announced raising ₹120 crore from Kiran C Patel, an Indian American cardiologist and philanthropist. In 2020, Magenta had raised a pre series funding from JITO Angel Network…
PLI Scheme To Help India Develop As Manufacturing Hub For EV Cells
India approved a production linked incentive (PLI) scheme with an outlay of ₹18,000 crore to promote manufacturing, export and storage of lithium-ion cells, essential for developing electric vehicles. Through this scheme the Union government aims to install manufacturing capacity of…
CESL Places Order For 300 Tata Electric Vehicles With 250 Km Plus Range
Convergence Energy Services Limited (CESL), a subsidiary of Energy Efficiency Services Limited (EESL) will procure 300 electric vehicles from Tata Motors. A Letter of Award in favour of M/s Tata Motors has been issued to acquire 300 electric vehicles that…
Ruchira Green Earth To Invest Rs 200 Crore Over 3-4 Years To Set Up Plant In Haryana
Lithium-ion batteries and allied products maker Ruchira Green Earth will invest Rs 200 crore over the next three or four years to set up a new manufacturing unit in Haryana to double its production capacity. The company, which has a…
Saietta And Padmini VNA Partner For Electric Motor Sales To Indian Market
The Saietta Group, a manufacturer of axial flux technology (AFT) electric motors, has announced a partnership agreement with Padmini VNA, an Indian Tier 1 automotive supplier. As part of the agreement, the duo is to develop new opportunities within the…
Welectric Partners With MoEVing To Accelerate Adoption Of Electric Vehicles
Electric two-wheeler mobility start-up Welectric said it has partnered with MoEVing, another start-up working in the electrification of logistics sector, to accelerate the adoption of electric vehicles in last-mile delivery operations. Under the partnership, Welectric will provide 1,000 electric two-wheelers…
Ola To Take Electric Scooter To International Markets This Fiscal
Ola Electric is looking at taking its electric scooter to international markets, including countries like France, Italy and Germany, this fiscal, a top company executive said. The company, which is working on setting up a ‘Hypercharger Network’ for its electric…
RattanIndia Forays Into Electric Vehicle Space
RattanIndia Enterprises, a New Delhi-headquartered private-sector power producer, has announced it is venturing into electric vehicle space by acquiring a substantial strategic stake in Revolt Intellicorp, a next-generation electric mobility company. The company will infuse an aggregate INR 150-crore fund…
CredR Partners With Crayon Motors To Provide Seamless Upgrade To Electric Bikes
Electric mobility has gained unprecedented importance in India over the last few years. As a result of the COVID-19 pandemic, people are becoming environmentally conscious and are moving towards the adoption of electric vehicles. Moreover, EVs are gaining higher acceptability…
OLA To Deploy Hypercharger Network With 1 Lakh Charging Points Across 400 Cities
Bhavish Aggarwal-led Ola Electric seems to be on full throttle to turn India into a leading e-scooter market. After setting up the world’s largest e-scooter manufacturing plant over a 500 acre land in Tamil Nadu, the company has revealed its…
