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…
EV Maker WardWizard Plans To Double Its Annual Production Capacity To 2 Lakh Units
Electric two-wheeler maker WardWizard Innovations and Mobility Ltd said it will double its annual production capacity to 2 lakh units with the setting up of an assembly line at Vadodara plant. The company, which sells electric two-wheelers under the ‘Joy…
eBikeGo Plans To Install One Lakh Smart Charging Stations In India
EVs, especially electric two-wheelers, are gradually becoming very popular in India. However, the sales of electric two-wheelers still remain way lower than conventional petrol ones. Reason being, we don’t have an appropriate EV ecosystem and the charging stations are in…
Mumbai Invites Tenders For 1,900 Electric Buses
Mumbai’s transport authority BEST has invited tenders for 1,900 fully electric buses for Mumbai. BEST, with a present fleet of 386 electric buses, plans to complete procuring these additional buses by mid-2023. The electric buses tendered include 1,400 that are…
India Could Soon Get Its First Electric Highway, Says Gadkari
Union minister of road and transport and highways Nitin Gadkari announced that the central government is considering building a futuristic ‘electric highway’ between the 200km-long stretch that links the national capital with Rajasthan’s Jaipur. The e-highway – the first of…
Piaggio Vehicles And MoEVing Collaborate On A Strategic EV Procurement Deal
Piaggio Vehicles Pvt Ltd (PVPL), a 100 percent subsidiary of the Italian Piaggio Group and manufacturer of small commercial vehicles has partnered with MoEVing, a technology led company with a vision to transform the EV ecosystem to accelerate EV adoption…
