SoftBank Group-Backed Ola Electric Raises Over $200 Million
A unit of SoftBank Group-backed Indian ride-hailing company Ola has raised more than $200 million, led by venture capital firm Falcon Edge, at a valuation of $3 billion, the company said in a statement. The company’s Ola Electric unit aims…
Mahindra Considering Funding Options For EV Supercar Unit
Mahindra & Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, according to a report. The Munich-based luxury electric vehicle unit had…
World’s Largest EV Battery Maker To Buy A Lithium Miner
The world’s largest maker of electric-vehicle batteries has agreed to buy Canadian miner Millennial Lithium in a move to bolster its supply of key mineral lithium. Chinese battery maker Contemporary Amperex Technology (CATL) outbid rival Ganfeng Lithium‘s July C$353 million…
EV Maker WardWizard Plans To Double Its Annual Production Capacity To 2 Lakh Units
Electric two-wheeler maker WardWizard Innovations and Mobility Ltd said it will double its annual production capacity to 2 lakh units with the setting up of an assembly line at Vadodara plant. The company, which sells electric two-wheelers under the ‘Joy…
eBikeGo Plans To Install One Lakh Smart Charging Stations In India
EVs, especially electric two-wheelers, are gradually becoming very popular in India. However, the sales of electric two-wheelers still remain way lower than conventional petrol ones. Reason being, we don’t have an appropriate EV ecosystem and the charging stations are in…
Ford Is Making A MultiBillion-Dollar Investment In Electric Vehicles
Ford Motor Co. announced a historic investment in its future that will pump more than $11 billion into manufacturing a strong, dependable supply of essential parts for electric vehicles, creating nearly 11,000 jobs along the way. This commitment — the…
TotalEnergies And China Three Gorges Corporation Are Teaming Up To Build Over 11,000 High-Power Charging Points For Electric Vehicles In Wuhan And Hubei Provinces.
TotalEnergies and China Three Gorges Corporation (CTG, through its two affiliates CTG Capital and CTG Electric Energy) have signed an agreement to establish a Joint Venture in electric mobility in China. This equally owned company will develop Electric Vehicle (EV)…
Mumbai Invites Tenders For 1,900 Electric Buses
Mumbai’s transport authority BEST has invited tenders for 1,900 fully electric buses for Mumbai. BEST, with a present fleet of 386 electric buses, plans to complete procuring these additional buses by mid-2023. The electric buses tendered include 1,400 that are…
India Could Soon Get Its First Electric Highway, Says Gadkari
Union minister of road and transport and highways Nitin Gadkari announced that the central government is considering building a futuristic ‘electric highway’ between the 200km-long stretch that links the national capital with Rajasthan’s Jaipur. The e-highway – the first of…
Piaggio Vehicles And MoEVing Collaborate On A Strategic EV Procurement Deal
Piaggio Vehicles Pvt Ltd (PVPL), a 100 percent subsidiary of the Italian Piaggio Group and manufacturer of small commercial vehicles has partnered with MoEVing, a technology led company with a vision to transform the EV ecosystem to accelerate EV adoption…
