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…
Snap-E Cabs Raises $2.5M in Pre-series A Led by Inflection Point Venture
Snap-E Cabs, an electric vehicle (EV) ride-hailing platform, has successfully raised USD 2.5 million in a Pre-Series A Round, led by Inflection Point Ventures. The funds will be allocated towards talent acquisition, technology upgrades, and expansion into new geographical locations….
responsAbility to Invest $25 Million in BluSmart for EV Infra Expansion
responsAbility has announced that it will invest up to $25 million in BluSmart. In a press release, responsAbility said this investment will bolster BluSmart’s position as India’s premier EV ride-hailing service and EV charging infrastructure network. The capital injection is…
