Axis Bank Backs Everest Fleet With $12.1 Mn Loan To Accelerate Electric Mobility In India
Axis Bank has extended a loan of INR 1 Bn ($12.1 Mn) to Everest Fleet for four years along with GuarantCo, a local-currency credit solution company, part of the Private Infrastructure Development Group (PIDG) as its guarantor. Founded in 2016…
Tata Passenger Electric Mobility Signs an MOU with Vertelo to Accelerate E-mobility in India
Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors Ltd., known for pioneering India’s electric vehicle (EV) revolution, has signed a non-binding Memorandum of Understanding with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of…
PURE EV and PDSL Announce JV to Develop Next-Gen EV 2W in UK
PURE EV, India’s leading EV 2W OEM, today, announced forming a JV with Pragmatic Design Solutions Ltd (PDSL), UK. With a shared vision to transform electric mobility and enhance transportation affordability, PURE EV and PDSL (UK) collaborate to cater to…
Tesla Power India, E-Ashwa Automotive to Launch India’s 1st Electric Two-wheeler With Fire Safety Technology
Tesla Power India Pvt. Ltd. and E-Ashwa Automotive have announced their partnership to introduce the first electric 2W vehicle (EV) in India with a built-in fire suppressant system. This new feature is expected to improve safety standards for EVs across…
MG Motor India Collaborates With Epsilon Group to Enhance EV Charging, Battery Recycling
MG Motor India has announced a strategic partnership with the Epsilon Group to bolster the electric vehicle (EV) infrastructure in India, the company said in a statement. Under this alliance, MG Motor India has signed memorandums of understanding with two…
XPENG And The Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical Collaboration
XPeng Inc. (“XPENG”, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle company, and the Volkswagen Group, one of the world’s leading automobile manufacturers, are pleased to announce today that XPENG and the Volkswagen Group have entered into…
Mahendra Singh Dhoni Ventures into the EV Space: Invests in EMotorad
Pune-based EV startup EMotorad recently forged a significant partnership with cricket legend and former Indian Captain Mahendra Singh Dhoni. His strategic investment will entail equity ownership in EMotorad alongside his new role as the company’s brand endorser. Expressing his enthusiasm…
Auto Battery Makers Shine on EV Prospects
Shares of automobile battery makers such as Exide Industries and Amara Raja Energy and Mobility surged to their one-year highs on Tuesday, sparked by hopes that the push for localised electric vehicle (EV) manufacturing could drive demand for their products….
Tata Passenger Electric Mobility inks MoU With Shell India for EV Charging Network
Tata Passenger Electric Mobility has signed a non-binding Memorandum of Understanding with Shell India Markets to collaborate in establishing public charging stations across the country. The collaboration will leverage Shell’s widespread fuel station network and TPEM’s insights from over 1.4…
Adani Unit to Set up EV Charging Stations at New MG Dealerships
A unit of a joint venture between Adani group and French energy giant TotalEnergies will set up EV charging stations at new MG dealerships to bolster the charing network, the company said on Monday. “Adani TotalEnergies E-Mobility Limited (ATEL), a…
