IPO-bound Ola Electric Gets Certification for 2nd E-scooter Under Govt’s PLI Scheme
Bhavish Aggarwal-led Ola Electric has received certification for its S1 Pro (Gen-2) electric scooter under the government’s production-linked incentive (PLI) scheme for the automobile and auto component industry. Sources told IANS on Saturday that the IPO-bound company had applied for…
EV Two-wheeler Sales Breach FY23 Figures Despite Cut in FAME-II Subsidy
The Centre, on Friday, informed that the electric vehicle (EV) two-wheeler sales have increased in the current financial year 2023-2024 (FY24) at 734,760 units so far, despite reducing the subsidy to 15 per cent of the ex-factory price from the…
MG And BatX Energies Collab to Power India’s First off-grid Solar-EV Charging Station
MG Motor India has announced a cooperation with BatX Energies, a greenfield firm launched in 2020 to build India’s first off-grid solar-EV charging station using reused MG EV batteries. BatX Energies supported by Delhi Research Implementation and Innovation created a…
Lectrix Launches LXS 2.0 E2W With 2.3KW Battery At INR 79,999
Lectrix EV has captured the market’s attention with the launch of LXS 2.0, an electric two-wheeler (E2W) that boasts a 2.3KW battery and an impressive range of 98 kilometres. Breaking barriers in the industry, Lectrix EV introduces this product at…
Aponyx to Launch High-speed Electric Scooters, Bikes in India
The electric mobility revolution has given birth to many new auto OEMs in the country. Aponyx Electric Vehicles, one such EV brand, aspires to transform urban transportation by releasing high-speed electric two-wheelers. This innovative EV is built for efficiency, style,…
Ola Electric is Looking to Bid for Lithium Mining Rights
E-scooter maker Ola Electric is looking to bid for mining rights for lithium blocks, which are being auctioned by the Centre. Last year, the NDA government at the Centre launched the first part of its critical minerals auctions in a…
Kinetic E-Luna Launched in India at Rs 69,990
Kinetic Green today launched the Luna in an electric avatar, the E-Luna, at an introductory price of Rs 69,990 (ex-showroom). While bookings for the E-Luna opened on January 26, Kinetic Green got over 40,000 customer enquiries for the electric two-wheeler….
EV Update Media to Diversify Its Product Portfolio by Now Also Offering Investment And Fundraising Support
EV Update Media, a leading Global Business Media platform which has consistently and successfully been providing opportunities around Marketing communication, Business networking and Knowledge sharing for the Electric Vehicles and Battery industry, appoints Mr. Manish Srivastava as Director Business operations…
MOBILITY STARTUP OTO RAISES $10M FROM GMO VENTURE PARTNERS
Mobility startup OTO Capital has raised $10 million in a funding round led by Japanese VC firm, GMO Venture Partners, as well as other investors including Turbostart and Indian cricketer KL Rahul. A few family offices and existing investors of…
EV Startup River Bags $40 Mn in Series B Led by Yamaha
Electric vehicle manufacturer River has raised $40 million in a Series B funding round led by Yamaha. The round also saw participation from existing investors Al Futtaim Group, Lowercarbon Capital, Toyota Ventures, and Maniv Mobility. With this funding, the company…
