Faad Network Leads $500K Funding For BluWheelz, EV Fleet Startup
BluWheelz, an electric vehicle (EV) fleet-as-a-service startup, has successfully raised a substantial seed investment of $500,000. The funding round was led by Faad Network, a well-known early-stage fund in India. Notable participants in this round include LetsVenture, along with a…
Joy E-Bike Becomes Title Sponsor For India Tour Of Ireland T20I Series
Joy E-Bike, an electric two-wheeler brand, has been announced as the title sponsor of the India tour of Ireland T20I series, in a new renewed deal. As part of the deal, the series will now be known as the Joy…
Nikkei Analysis Finds Tesla Relies On China For 40% Of Battery Supply Chain
An analysis by Nikkei in Japan concludes that nearly 40% of the suppliers for materials used in Tesla’s electric vehicle batteries are Chinese companies. Nikkei sent a letter to Tesla asking about its dependence on Chinese suppliers but said that it had…
China’s Huayou Mulls $20b EV Battery Investment In Morocco’s Sahara
Huayou, a Chinese manufacturer of electric vehicles battery materials, would invest 200 billion dirhams or $20 bln in a plant in Morocco’s region of Laayoune Sakia El Hamra in the Sahara, the regional investment center announced. A delegation of the…
Eicher, Amazon Collaborate To Deploy Electric Trucks For Middle, Last-mile Deliveries
Eicher trucks and buses, a division of VE Commercial Vehicles Ltd, on Wednesday said it has joined hands with Amazon for electrification of the middle-mile and last-mile delivery operations of the e-commerce major in India. Under the collaboration, the company is…
Ather Energy To Launch 3 New E-Scooters In India Tomorrow, Here’s What You Can Expect
Ather Energy, an Indian 2W electric automaker, plans to drop three new e-products in our market tomorrow. The two-wheeler manufacturer used its social media accounts to inform the public about the new arrivals, which are supposed to offer “more power, torque, and range”. While…
Tesla Relies On China For 40% Of Battery Supply Chain
Nearly 40% of the suppliers for materials used in Tesla’s electric vehicle batteries are Chinese companies, a Nikkei analysis finds, underscoring China’s strong presence in a strategically important sector. China was the largest supplier of materials for the lithium-ion batteries used in Tesla’s…
Hyundai Bets Big On Domestic EV Market
Hyundai aims to gain market share in the country by strengthening its electric vehicle (EV) portfolio, with the company set to roll out five EV models by 2032 and increase charging infrastructure. It plans to increase its charging stations to…
LOHUM and Vecmocon collaborate on EV Battery Lifecycle Management
LOHUM, producer of sustainable energy transition materials, and Vecmocon, an Indian EV intelligence company, have announced a partnership focused on enhancing electric vehicle (EV) battery lifecycle management. This collaboration will combine LOHUM’s battery testing technology and Vecmocon’s battery intelligence and real-time data…
Tata Motors To Launch 4 New EV Models By 2025
Tata Motors is planning to launch 4 new electric vehicle models under its passenger vehicles segment by 2025, according to the company’s chairman N Chandrasekaran. He was speaking at the 78th annual general meeting (AGM) of Tata Motors. “Tata Motors India…
