MG Windsor Becomes India’s First Passenger EV to Record 15,176 Bookings on the First Day
MG Windsor EV, India’s 1st Intelligent CUV, received a significant customer response minutes after the bookings commenced on Thursday, October 3, 2024, at 7:30 am. Within 24 hours, the company secured bookings for 15,176 units, making MG Windsor India’s 1st…
EV Mobility Company Zevo Raises $2 Million in Pre-series A Funding Round
Electric vehicle (EV) logistics mobility platform Zevo has raised $2 million in a pre-series A funding round. Pegasus India Fund, BizDateUp, JIIF, and a family office led the funding. Zevo plans to use the funds to deploy 5,000 EVs and…
Chinese EV Maker Nio Surges on $1.9 Billion Investment
Nio’s (NIO) U.S.-listed shares surged in early trading Monday, after the Chinese electric vehicle maker announced a new investment over the weekend. A group of Chinese investors agreed to acquire newly issued shares of Nio China for a combined 3.3…
Light Across and PEKEMA Forge Groundbreaking Partnership to Launch Malaysia’s Local Electric Vehicle Brand
Light Across, Inc., an innovative electric vehicle brand from the United States, signed a cooperation agreement with The Vehicle Importers and Dealers Association of Malaysia (“PEKEMA”). The signing ceremony and test drive event will be held in the near future….
Axis Bank Extends Rs 1 Billion Loan to Muthoot Capital to Bolster e-mobility in India
Axis Bank in partnership with GuarantCo, part of the Private Infrastructure Development Group (PIDG), has extended a loan worth Rs 1 billion guarantee to Muthoot Capital, to augment the purchase of electric two-wheelers. GuarantCo has provided a 65 percent on-demand…
BMW Unveils All-New Electric Scooter CE 02 in India, Priced at Rs 4.49 Lakh
On October 1, global automobile giant BMW launched the all-new BMW CE 02 in India, with an introductory ex-showroom price starting at Rs 4,49,900. According to a company statement, this new electric mobility solution is designed specifically for urban and…
PM E-Drive EV Subsidy Scheme Comes Into Effect In India Amid Global EV Slowdown
The government has notified a new subsidy scheme for adoption of electric vehicles in the world’s third-largest automotive industry, even as the transition to electric mobility lags globally. Called the PM Drive Revolution in Innovative Vehicle Enhancement, or PM E-Drive,…
CollarEV is Leading the Way in India by Introducing the Electric Double Layer Super Capacitor Battery Technology Through PBS
In a groundbreaking development set to transform the electric vehicle (EV) industry, CollarEV Auto India, an electric two-wheeler & electric three-wheeler (E2W & E3W) Original Equipment Manufacturer (OEM), has announced using Super capacitor battery packs made by PBS Korea. This…
Vidyut Partners With JSW MG Motor India To Launch EV Ownership Program
Vidyut has announced a new collaboration with JSW MG Motor India, introducing a unique ownership program for electric vehicles (EVs) through its Battery-as-a-Service (BaaS) model. This initiative is set to make EV ownership more affordable by offering a pay-as-you-go battery…
Feds Announce $355M for 4 Electric Vehicle Battery Projects in Michigan
The U.S. Department of Energy (DOE) announced Friday it’s granting $355 million in federal funding to a series of manufacturing projects in Michigan, all aimed at bolstering production for electric vehicle (EV) batteries and battery components.In a press release, the…
