IT Madras-Incubated Smart EV Charger Start-up Plugzmart raises Rs. 3.63 Crore In Funding
IIT Madras-incubated Smart EV Charger start-up Plugzmart has raised Rs. 3.63 Crore in seed funding, led by early-stage VC BlueHill Capital and followed by investors such as Mr. Meera Reddy of SKCL, Mr. Kartik Meyyappan, Mr. L. Ramkumar, Mr. Sivadas…
BMW Motorrad To Launch CE 04 Electric Scooter In India In 2023
BMW Motorrad will launch the CE 04 electric scooter in India in 2023, according to a senior company official. While the CE 04 is being proactively tested here, it will be the country’s maiden high-end luxury electric two-wheeler upon its…
Fortum C&D India Launches Prepaid Cards For EV Charging Stations
Fortum Charge & Drive (C&D) India (Fortum) has launched the RuPay prepaid card, in collaboration with Pine Labs – a flexible prepaid card that can be used for making payments for charging sessions completed at Fortum charging stations anywhere in…
EV Investment In India: Trends To Watch In Indian Electric Vehicle Market In 2023
The electric vehicle industry has taken the Indian automotive market by storm. The industry has become an integral part of the industry. With a series of launches in the EV space, India has recorded a staggering growth rate of 686…
Ansys To Help Train Indian Engineers In Electronics And Semiconductors
As countries worldwide are building semiconductor ecosystems for national security reasons, India is trying to encourage advanced fabless semiconductors and deep technology. India’s Ministry of Electronics & IT said in a press release that India will launch future labs to…
China’s EV Market Bucks Downward Auto Output
Chinese carmakers produced 2.39 million units in November, down by 8.2% from October, while sales fell by 7.1% month on month to 2.33 million units. Production and sales both dropped by 7.9% year on year, according to the China Association…
Government To Add 137 More Electric Vehicle Charging Stations On National Highways
In addition to the already existing seven wayside amenities (WSA) equipped with EV charging stations, the central government has provisioned for 137 more such facilities to be built on India’s national highways, Union Minister for Road Transport and Highways Nitin…
Why The EV Industry Has A Bright Road Ahead In India
The electric vehicle (EV) industry in India has had a promising 2022 with decisive action from all key stakeholders—original equipment manufacturers (OEMs) and component makers to charging/ swapping infrastructure providers and governments (both, Centre and states)—and increasing acceptance among consumers….
Mahindra To Invest $1.2 Billion In Electric Vehicle Production Plant In India
Mahindra & Mahindra Ltd. plans to invest 100 billion rupees ($1.2 billion) in a plant to make electric sports utility vehicles, a significant shift for a company that has been heavily reliant on gas-powered cars. Mahindra will invest the funds…
Ola Electric S1 Scooter Range To OUTSELL Honda Activa in 2023: CEO Bhavish Aggarwal
In a rather optimistic claim, Ola Electric’s CEO Bhavish Aggarwal has said that by August 2023, the Ola S1 range will surpass Honda Activa as the highest-selling scooter in the Indian two-wheeler market. The Ola S1 range, which currently consists…
