GFCL EV Raises Funds for Expansion Plans
GFCL EV raises funds of ₹1,000 crore for the company’s capital expenditure. Gujarat Fluorochemicals Ltd (GFL), a part of the INOXGFL Group, announced that its subsidiary, GFCL EV Products Ltd (GFCL EV), raised ₹1,000 crore, securing an equity valuation of…
EKA Mobility Wins 250 Electric Buses Order from Nagpur Municipal Corporation
Pune-based commercial electric mobility company EKA Mobility has secured an order from Nagpur Municipal Corporation to supply 250 electric buses. The company did not disclose the order’s financial details. The deployment contract was awarded to Hansa Vahan, which has partnered…
Ashok Leyland, Nidec Partner to Boost Commercial EVs with Advanced E-drive Motors
Ashok Leyland has partnered with Japan-based Nidec Motor Corporation to develop advanced electric drive motors for commercial vehicles. The collaboration aims to meet the unique needs of India’s commercial vehicle market by creating efficient e-drive systems and establishing a Centre…
TVS Eurogrip Aims to drive Forward in Premium, Electric 2W Tyre Markets
TVS Srichakra Ltd, operating under the brand name TVS Eurogrip, is poised to build on its success in emerging product segments, including premium two-wheeler and electric two-wheeler tyres, through a comprehensive strategy aimed at maximising the growing contribution of new…
LeafyBus and AMU [NBFC] Join Forces to Drive Electric Mobility by Financing 10 New EV Buses for Inter-City Operations
In a significant push towards sustainable transportation, LeafyBus, a New Delhi-based electric bus operator, has joined forces with AMU to roll out its first fleet of 10 electric buses for inter-city travel. The NBFC will finance these buses and it…
TapFin Signs MoU with IIT Bombay to Foster Innovation and Collaboration in EV Technologies
TapFin, an integrated sustainability tech platform, today announced the signing of a Memorandum of Understanding (MoU) with the EV Powertrain Lab at the Indian Institute of Technology Bombay (IIT Bombay). The collaborative efforts will focus on addressing the challenges in…
Joy e-bike Offers Discounts On E2Ws For The Festive Season
Joy e-bike has launched a range of special offers for its electric two-wheeler customers in celebration of the festive season. The company is offering benefits of up to INR 30,000 on its electric scooter, Mihos, along with additional discounts across…
LG Energy Solution to Supply Batteries to Ford’s Electric Vans in Europe
LG Energy Solution has signed supply agreements with Ford Motor company to power the electrified models of Ford commercial vans in Europe. Under the contracts, LG Energy Solution is forecasted to supply a total of 109 GWh of batteries to…
Kinetic Engineering Boosts EV Investment with Rs-30-Crore Infusion
Kinetic engineering has further bolstered it’s electric vehicle strategy with a Rs-30-crore investment into it subsidiary Kinetic Watts and Volts, following an earlier infusion of rupees 18.5 crores, taking the total capital investment to rupees 48.5. The investments are expected…
Tsuyo Sets up Production Line to Roll Out Powertrains for commercial EV segment
The facility, entailing an initial investment of $8 million, is first of its kind production line in the country to manufacture electric motors for commercial EVs, including trucks, e-buses, e-trailers, and electric construction equipment, the company said in a statement….
