Ecofy And Mahindra Last Mile Mobility Partner to Boost Electric Three-wheeler Adoption in India
Ecofy, an Indian green-focused NBFC supported by Eversource Capital, has partnered with Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Ltd. This collaboration aims to enhance the adoption of electric three-wheelers in India by merging Mahindra’s…
Electric 3-wheeler Market worth $1.5 billion by 2030 Globally, at a CAGR of 2.2%
The electric 3 wheeler market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, at a CAGR of 2.2%. With the increasing stringency of government mandates, 3 wheeler manufacturers’ focus has shifted to…
Bajaj Will Provide Over 1,000 Electric Three-wheelers for Last-mile Delivery to Flipkart Over the Next Two Years
Bajaj Auto and Flipkart on Saturday announced a strategic partnership to accelerate the adoption of electric vehicles (EVs) in the latter’s last-mile delivery operations. This collaboration signifies a significant step towards a greener future for the Indian e-commerce landscape. The…
Biliti Electric Breaks Ground For E3W And Battery Pack Plant In Hyderabad
Biliti Electric, a California-based electric three-wheeler start-up held a groundbreaking ceremony for its manufacturing facility in Velimela, Hyderabad. This facility will be spread around 13 acres and will manufacture electric three-wheelers and lithium-ion battery packs, catering to the growing demand…
ZERO21 Launches EV Exchange Program for Three-Wheeler
ZERO21 Renewable Energy Solutions has launched ‘Project Gagan’, an EV exchange program for the rapid adoption of three-wheelers. The scheme allows owners of fossil fuel auto-rickshaws to convert their cars to electric ones or swap them for new electric three-wheelers….
Hero Surge S32 – An Electric 3-Wheeler That Can Transform Into An Electric Scooter
Hero MotoCorp’s Surge startup has taken a bold step forward with their groundbreaking vehicle, the Hero Surge S32. This innovative modular vehicle breaks new ground as the first ‘class-shifting’ vehicle on the Indian market. The Surge S32 is designed to…
Omega Seiki Mobility to Deploy 500 Electric Three-Wheelers with Kissan Mobility
Omega Seiki Mobility (OSM) and Kissan Mobility Pvt. Ltd., a zero-emission logistics provider, have today announced a strategic partnership to deploy Electric Three Wheeler Cargo Vehicles for last-mile delivery across India. Under the terms of the agreement, Omega Seiki Mobility…
Electric 3-wheeler sales clock 66% growth in CY2023 to over 581,000 units
In India’s fast-growing electric vehicle industry, the two- and three-wheeler segments, which are the most affordable compared to their four- and more-wheeled brethren, are setting the pace. While the electric scooter and motorcycle segment leads in terms of sheer volumes,…
Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
BIG Oil faces a tiny foe on the streets of Asia and Africa. The noisy, noxious vehicles that run on two and three wheels, carrying billions of people daily, are quietly going electric – in turn knocking down oil demand…
Festive October Powers Strong Double-digit Growth for PV, Two- and Three-wheeler Wholesales
As per the monthly numbers released by apex industry body SIAM, for three vehicle categories (passenger vehicles, two- and three-wheelers), cumulative sales at 2.36 million units are a strong 20% year-on-year growth (October 2022: 19,68,938 units). Importantly, all three segments…
