myTVS Teams Up With MoEVing To Enter EV Mobility Service Market
Electronics-to-automobile conglomerate TVS Group’s aftermarket vehicle service arm myTVS has partnered with Delhi NCR-based electric vehicle logistics startup MoEVingMoEVing Datalabs_in-article-icon to make its entry into the EV mobility service market. Srinivasa Raghavan, the managing director of myTVS, said the company…
JBM ECOLIFE Raises $100M for Electric Mobility
JBM ECOLIFE Mobility (P) Ltd, a subsidiary (JV) of JBM Auto Limited and India’s leading electric bus mobility and EV Ecosystem player, has successfully secured a $100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure…
Revolt Motors Launches Affordable Electric Motorcycle RV1
Revolt Motors is set to transform the motorcycle market with the introduction of its innovative electric motorcycle, the Revolt RV1. The RV1 and its premium variant, the RV1+, mark a significant leap in bringing electric motorcycling to a broader audience….
Clean Electric Raises $6 million in Series A Funding, aims for 10x Growth with Cutting-edge EV Solutions
Pune-based energy storage solutions startup, Clean Electric, has successfully raised $6 million in a Series A funding round. The round was co-led by prominent investors, including Info Edge, Pi Ventures, and Kalaari Capital, with participation from Lok Capital and other…
Delhi’s Gramin Sewa Vehicles to be Replaced by Electric Ones, Plan Approved
Aiming to promote cleaner transportation for commuters, the Delhi government on Thursday approved the plan to replace the current Gramin Sewa vehicles with electric alternatives. The decision comes as the existing Gramin Sewa vehicles are nearing the end of their…
Samvardhana Motherson to Acquire 11% Stake in Electric Tech Company REE Automotive
Samvardhana Motherson, one of India’s and the world’s leading specialised automotive component manufacturers, is to acquire an 11% equity stake (on a fully diluted basis and up to 19% non-diluted basis) in REE Automotive. Samvardhana Motherson International is to invest…
Skoda-Volkswagen to Invest in EV Plant
Investment in EV Plant: Skoda Auto Volkswagen India Private Limited (SAVWIPL) is set to invest Rs 15,000 crore in establishing an electric vehicle (EV) manufacturing plant in Chakan, Maharashtra. This is part of the company’s broader strategy to expand its…
Electric Two-wheeler Adoption in India rising, 13% Share Expected by 2026-27
The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. In the financial year…
Uno Minda Revs up Localisation of EV Parts, Plans New Plant Under Inovance TLA
Gurugram-headquartered Tier-1 major Uno Minda, which is a key supplier of switches, lights, and instrument clusters, among other propulsion-technology-agnostic parts, has revealed plans to set up a greenfield facility for a range of products it has lined up for passenger…
India’s Tata, MG offer Free Charging, Battery Rentals to Lure EV buyers
India’s top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strategies aimed at propping up sales of the clean cars. Use of…
