EV Leasing Firm Electrifi Secures ₹250 Million Funding from ADB
Commercial electric vehicle (EV) leasing and asset management company Electrifi Mobility secured ₹250 million (~$3.02 million) in seed-stage funding led by Asian Development Bank (ADB) Ventures, AdvantEdge Founders and others. The funding will help Electrifi scale up asset deployment, expand…
Ola Patents New Scooter For Commercial Segment – Removable Battery Possible .
The electric mobility onslaught in India is currently the heaviest in e-scooter space. This particular segment has seen unprecedented growth. Driving this growth force is electric mobility startup based out of Bengaluru, Ola Electric. The company’s upcoming product will target…
Indian EV Start-up Eyes Middle East Commercial Vehicle Market
Planet Electric, an Indian start-up focusing on commercial electric vehicle (EV) mobility, expects to launch India’s first electric cargo vehicle using material engineering innovations in June 2024, and the Middle East is the first market it hopes to export its…
India’s Ashok Leyland Eyes Egypt’s Commercial Vehicles Market
India-headquartered Ashok Leyland, part of the Hinduja Group and the third largest commercial vehicle manufacturer worldwide, is eyeing the Egyptian automotive market through a joint venture with the state-owned El-Nasr Automotive Manufacturing Company (NASR), a press statement by the Ministry…
Mahindra’s Urban Green Last-Mile Vehicle ‘Atom’ To Be Launched Next Year
Mahindra and Mahindra teased its upcoming electric quadricycle Atom. The 4-seater vehicle, to be marketed as an urban green last-mile connectivity vehicle, is expected to be launched sometime next year. The Atom was earlier showcased during the Auto Expo 2020…
