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…
Hala Mobility Secures Rs 51 Crore in Pre-Series A Funding to Expand Urban EV Fleet
Hala Mobility, an EV-as-a-Service platform, has successfully raised Rs 51 crore (approximately $6 million) in its pre-Series A funding round. The round saw participation from founders Srikanth Reddy and Snehith Reddy, Phani Ramineni (founder of Previa Health), and Rohan Bajaj’s…
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…
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….
EV Mobility Company Zevo Raises $2 Million in Pre-series A Funding Round
Electric vehicle (EV) logistics mobility platform Zevo has raised $2 million in a pre-series A funding round. Pegasus India Fund, BizDateUp, JIIF, and a family office led the funding. Zevo plans to use the funds to deploy 5,000 EVs and…
Chinese EV Maker Nio Surges on $1.9 Billion Investment
Nio’s (NIO) U.S.-listed shares surged in early trading Monday, after the Chinese electric vehicle maker announced a new investment over the weekend. A group of Chinese investors agreed to acquire newly issued shares of Nio China for a combined 3.3…
Feds Announce $355M for 4 Electric Vehicle Battery Projects in Michigan
The U.S. Department of Energy (DOE) announced Friday it’s granting $355 million in federal funding to a series of manufacturing projects in Michigan, all aimed at bolstering production for electric vehicle (EV) batteries and battery components.In a press release, the…
