IM Motors Raises US$1.1 Billion in One of China EV Brands’ Biggest Recent Deals
IM MOTORS, a premium electric vehicle brand of state-owned Chinese automaker SAIC, said on Friday (Mar 1) it has raised more than US$1.1 billion to work on new smart car models and technologies. IM Motors’ Series B round of equity…
Tata Group Plans IPO For Electric Vehicle Unit, Eyes $1-2 Billion Listing
In a move aimed at monetising its investments in the electric vehicle (EV) sector, Tata Group is gearing up to list its subsidiary, Tata Passenger Electric Mobility Ltd (TPEM), in an initial public offering (IPO) valued at $1-2 billion. According…
EV START-UP VIDYUT RAISES $10 MILLION IN SERIES A LED BY 3one4 CAPITAL
Vidyut, an EV ecosystem start-up, has raised $10 million in its Series A round, led by 3one4 Capital. The round also witnessed participation from new and existing investors namely, Saison Capital, Zephyr Peacock, Force Ventures, a venture debt fund Alteria…
PURE EV Bags $8 Mn To Scale Up Its EV Two-Wheeler Playbook
Hyderabad-based electric vehicle manufacturer PURE EV (Power Using Renewable Energy) has raised $8 Mn (INR 66.3 Cr) in a funding led by Bennett Coleman and Company Limited, Hindustan Times Media Ventures, with participation from Ushodaya Enterprises Private Limited and existing…
Europe Moves to End Reliance on China EVs With €4.4bn Factory Plans
Two of Europe’s largest car makers Stellantis and Mercedes-Benz have raised about €4.4 billion to set up three new electric vehicle (EV) gigafactories across the European Union (EU) in the coming years. The companies said in a press release on…
Zapp EV Secures Commitment of up to $10 million to Start Production and Commercial Rollout of the i300 Electric Urban Motorcycle
Zapp electric Vehicles Group Limited (Nasdaq: ZAPP) (“Zapp EV” or the “Company”), owner of “Zapp”, the British electric vehicle brand on a mission to revolutionise personal urban mobility, today announced it has entered into a standby equity purchase agreement (the…
JSW Group Sign a Rs 40,000 crore MoU for Integrated Electric Vehicle (EV) & EV Battery Manufacturing Project
The JSW Group, in collaboration with the Odisha government, has formally entered into a Memorandum of Understanding (MoU) to establish an extensive Integrated Electric Vehicle (EV) and EV Battery manufacturing project. This transformative initiative involves an investment of Rs 40,000…
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…
Southfield-based EV Project to Receive $60M Federal Grant
A Southfield-based electric vehicle project is receiving a $60 million grant from the U.S. Department of Energy. The project — by the U.S. Advanced Battery Consortium — will use the funds primarily for research and development of electric vehicle batteries,…
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…
