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…
By 2026, Aventose Intends To Sell 1.5 Million Electric Two-Wheelers Annually.
Aventose Energy is launching its maiden electric two-wheeler, the S110 crafted for all seasons and reasons, on October 10th this year and will open for pre-booking on the same day. The e-scooter is designed for mass adoption and targeted to…
According To The Transport Department, Delhi Will Have 150 More Electric Vehicle Charging Points By 2022.
In July, the Delhi government floated a tender to select vendors for setting up charging stations in shopping malls, theatres, multiplexes, department stores, hospitals, and residential areas. By early next year, Delhi will have electric vehicle (EV) charging stations in…
The Cabinet Approves Auto PLI Scheme For Electric Vehicles And Hydrogen Fuel Cell Vehicles
The Union Cabinet approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industries to enhance India’s manufacturing capabilities, Union Minister Anurag Thakur said. The PLI scheme will incentivize the emergence of advanced automotive technologies’…
