Electric Vehicle Maker Euler Motors Raises ₹300 Million From Existing And New Investors
Euler Motors, a New Delhi-based electric vehicle (EV) manufacturer, has raised ₹300 million (~$4.1 million) as a part of its ongoing Series A round. The funding was led by existing investors Inventus India, Jetty Ventures, and Sujeet Kumar, Co-founder, Udaan….
Meghalaya Announces Electric Vehicle Policy With Purchase Subsidy For Early Adopters
The Transport Department of the Government of Meghalaya has issued the ‘Meghalaya Electric vehicle Policy, 2021’, which aims to see electric vehicles (EV) representing 15% of the state’s overall vehicle mix by 2025. The policy will remain in operation for…
RIL Acquires Majority Stake In US-Based SkyTran For $26.76 Million
Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), announced on Sunday that it has acquired majority stake in its investee company skyTran Inc for a consideration of $26.76 million. With this transaction, RSBVL has…
RIL To Venture Into EV Battery Space Ahead Of A Boom In Electric Vehicles
The possibility of a stake sale to Saudi Arabia’s Aramco is only one part of the story behind Reliance Industries hiving off its oil-to-chemicals business. This is also part of a strategic shift by Ambani to renewable energy. “RIL will…
Delhi Govt Suspends Subsidy On Tata Nexon EV
The Delhi government has delisted the electric version of the Tata Nexon car from its subsidy scheme for electric vehicles following complaints that the model failed to meet the specified range on a single charge, officials said. Delhi Transport minister…
Sterling And Wilson Enters Into JV With Enel X To Offer Electric Charging Infra
Sterling and Wilson Pvt Ltd (SWPL), a Shapoorji Pallonji group company, has entered into a joint venture with Enel X to foray into the electric mobility segment in India. The 50:50 joint venture will enable the two companies to offer…
Karnataka Invites Bids For 50 Electric Buses Under FAME II Program
The North Western Karnataka Road Transport Corporation (NWKRTC) has floated a tender for 50 electric buses under the gross cost contract (GCC) model under the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles-II (FAME II) program. Bidders are expected…
Omega Seiki To Set Up Electric Vehicle Production Plant In Bangladesh
Omega Seiki Pvt Ltd, the Electric vehicles manufacturing company of Anglian Omega Group is setting up an Electric vehicle manufacturing facility near Dhaka in Bangladesh, with an investment of ₹100 crores. This will be the first project of any Indian…
Schaeffler India Develops Indigenous Two-Speed EV Gearbox
German Tier 1 auto component major Schaeffler is making advances in the area of electric mobility. The Group has several components including e-motors, silent-drive bearings as well as transmissions that it is already supplying on high-end sports cars such as…
Walmart’s Flipkart To Deploy Over 25,000 Electric Vehicles In India By 2030
India’s Flipkart said it will deploy more than 25,000 electric vehicles in its supply chain by 2030 as the Walmart-owned e-commerce giant looks to achieve a 100% transition to electric mobility in the next 10 years. The Bangalore-headquartered firm said…
