Axis Bank Backs Everest Fleet With $12.1 Mn Loan To Accelerate Electric Mobility In India
Axis Bank has extended a loan of INR 1 Bn ($12.1 Mn) to Everest Fleet for four years along with GuarantCo, a local-currency credit solution company, part of the Private Infrastructure Development Group (PIDG) as its guarantor. Founded in 2016…
inDrive to Strengthen EV in India
inDrive, the global mobility and urban services platform, is undertaking several measures to promote the use of electric vehicles in its fleet, for a more sustainable future. These include researching electric vehicle (EV) opportunities worldwide (with a focus in India),…
MG Motor India Installs 500 EV Chargers in 500 days
MG (Morris Garages) has set up 500 chargers in 500 days under its the company’s Charge initiative in India. Launched in 2022, the programme is dedicated to installing 1,000 charging points in 1,000 days in apartments, condominiums, and societies for…
Tata Passenger Electric Mobility Signs an MOU with Vertelo to Accelerate E-mobility in India
Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors Ltd., known for pioneering India’s electric vehicle (EV) revolution, has signed a non-binding Memorandum of Understanding with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of…
Macquarie to Invest $1.5 bn in EV Leasing, Charging Infra
Macquarie Asset Management (MAM) on Monday launched Vertelo, a platform to provide end-to-end solutions in fleet electrification, and committed to invest $1.5 billion over 10 years in India. The company aims to accelerate the transition of fleets to EVs and…
Pavna Industries Inks Deal with Ola Electric to Supply gnition witches, Latches for EVs
Pavna Industries Limited, a leading automotive parts manufacturer has inked an agreement with Ola Electric to supply ignition switches and latches, consolidating its foray into the electric two-wheeler segment. Under this agreement, Pavna Industries commits to providing high-quality ignition switches…
Sheeva.AI Empowers In-Vehicle Services Marketplace for New Citroen Vehicles in India
Sheeva.AI today announced in-vehicle payment technology through SheevaConnect™product suite for Citroen C3 Aircross SUV AT, the most budget-friendly automatic mid-sized SUV in India. The in-vehicle payments technology will allow the new Citroen C3 Aircross AT owners to pay for fuel…
Pavna Inds Hits the Roof After Signing Auto Component Supply Agreement With OLA Electric
Pavna Industries was locked in 5% upper circuit at Rs 561.40 after the company announced that it has inked an agreement with OLA Electric to supply ignition switches and latches. Ola Electric Mobility, headquartered in Bengaluru, is India’s largest electric…
PURE EV and PDSL Announce JV to Develop Next-Gen EV 2W in UK
PURE EV, India’s leading EV 2W OEM, today, announced forming a JV with Pragmatic Design Solutions Ltd (PDSL), UK. With a shared vision to transform electric mobility and enhance transportation affordability, PURE EV and PDSL (UK) collaborate to cater to…
Tesla Power India, E-Ashwa Automotive to Launch India’s 1st Electric Two-wheeler With Fire Safety Technology
Tesla Power India Pvt. Ltd. and E-Ashwa Automotive have announced their partnership to introduce the first electric 2W vehicle (EV) in India with a built-in fire suppressant system. This new feature is expected to improve safety standards for EVs across…
