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…
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…
MOBILITY STARTUP OTO RAISES $10M FROM GMO VENTURE PARTNERS
Mobility startup OTO Capital has raised $10 million in a funding round led by Japanese VC firm, GMO Venture Partners, as well as other investors including Turbostart and Indian cricketer KL Rahul. A few family offices and existing investors of…
IIT Madras and Altair Open eMobility Simulation Lab
The Indian Institute of Technology Madras (IIT Madras) has partnered with Altair to launch an eMobility Simulation Lab. Set up in the Department of Engineering Design, IIT Madras, this lab will have state-of-the-art products and tools along with financial support…
India Should Aim At Complete Electrification Of Two-, Three-Wheelers By 2028: Amitabh Kant
India’s automotive industry should target 100% electrification in the two-wheeler and three-wheeler segments over the next five years and emerge as a global champion, former Niti Aayog CEO Amitabh Kant said on Monday. “This will not only help reduce air…
China To Double Down On Push To Be Self-Reliant In Tech, Premier Says
China’s science and technology policies should aim to build its strength and self-reliance, while the role of the government in pooling resources for key technological breakthroughs needed to be leveraged better, Premier Li Keqiang said on Sunday. The nation effectively…
Aarya Commander: Cruiser Electric Bike With 125 km Per Charge Range, All You Need To Know
Most automakers are now concentrating their efforts on creating electric vehicles and releasing them on the market as soon as possible due to the rising demand for them in the nation. As a result, the two-wheeler producer Arya Automobiles in…
Tata Power Unveils Plans Of Setting Up 25,000 EV Charging Points Across The Country
Tata Power, a leading provider of electric vehicle (EV) charging solutions in India, announced that it has begun a nationwide plan to set up 25,000 EV charging points across the country in an effort to support the faster adoption of…
Can You Really Drive Around India In An EV? Learnings From An IIT Engineer’s 8,000-km Journey
Growing up in the relatively greener part of Mumbai in Borivali next to the Sanjay Gandhi National Park, I always appreciated clean fresh air. Later, when I found out just how badly vehicular emissions affect air quality, I started researching…
Telangana Receives 138 EV Charging Stations Under FAME Scheme
Under the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME) scheme, Telangana received 138 EV charging stations, which will be established over five years beginning from April 2019. The Center has created…
