BGauss Secures Rs 161 Crore Funding from Bharat Value Fund to Accelerate Expansion
Electric two-wheeler manufacturer BGauss has raised INR 161 crore (approximately USD 18.6 million) in a funding round led by Bharat Value Fund (BVF). The funding includes a mix of primary and secondary investments and comes as the Pune-based startup aims…
Urja Mobility Partners with Sieger Technologies to Revolutionize EV Battery Leasing with $1 Million Investment
Urja Mobility, a leading startup in EV battery leasing solutions, has announced a strategic partnership with Sieger Technologies, a pioneer in innovative battery systems. This landmark collaboration includes a $1 million investment by Urja Mobility to deploy 2,500 state-of-the-art batteries,…
BII to Invest ₹6.5 Billion in Mahindra’s EV Subsidiary
Automobile manufacturer Mahindra & Mahindra has announced that the final tranche of investment by British International Investment (BII) in its subsidiary Mahindra Electric Automobile has been revised from ₹7.25 billion (~$84.74 million) to ₹6.5 billion (~$75.98 billion). The final tranche is expected…
EV Firm Greaves Electric Mobility Files DRHP with SEBI to Raise Rs 1,000 crore via IPO
Greaves Electric Mobility Greaves Electric Mobility, the electric mobility arm of Greaves Cotton Ltd. and the maker of Ampere electric two-wheelers, recently filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an…
EV maker Greaves Electric Mobility Files IPO Papers with Sebi; aims to Raise Rs 1,000 cr
Electric Vehicle maker Greaves Electric Mobility Ltd has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 1,000…
BizDateUp Invests Rs 5 crore in EV Startup VOICE to Drive Sustainable Mobility Innovation
EV startup VOICE has raised Rs 5 crore in funding from BizDateUp, one of the largest ecosystem enablers for startups. The investment marks a significant step in advancing VOICE’s mission to set new standards in India for eco-friendly transportation while…
Indian Electric Two-wheeler Firm nets $15.3m Funding
Ultraviolette Automotive, a Bengaluru-based electric two-wheeler manufacturer, has secured 130 crore rupees (around US$15.3 million) in a new funding round. This investment was primarily driven by Zoho, which provided 90 crore rupees (around US$10.6 million). The round also saw participation…
EHang Announces US$22M PIPE Investment from Strategic Investors
EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. (“Enpower”, SZ300681), a Chinese…
EV Parts Maker Vecmocon Raises $10 million led by Ecosystem Integrity Fund
Vecmocon, a vehicle intelligence company, has raised $10 million led by Ecosystem Integrity Fund (EIF) along with participation from Blume Ventures, British International Investment (BII). The company will use the funding to expand its reach in various segments of the…
Bajaj Finance secures $400 million Loan from IFC to Boost Electric Vehicle Sales
The International Finance Corporation (IFC) has partnered with Bajaj Finance to provide a $400 million loan to the company in order to support women-owned microenterprises and women micro-borrowers, as well as to increase access to climate finance for electric vehicles…
