Zypp Electric closes FY’25 at ~₹455 crore, reports ~50% revenue growth
The company’s revenue surged from ₹302 crore in FY’24 to ~₹455 crore in FY’25 Zypp Electric completed 100 million deliveries and saved 45 million kg of carbon emissions The year was majorly focused on streamlining tech, quality of EVs &…
Ergon Labs and Omega Seiki Pvt. Ltd. (OSPL) Announce Strategic Partnership to Launch Integrated Power Converter Technology in Electric Three-Wheelers
OSPL places Rs. 50 crore order for Ergon’s IPC technology to power upcoming EV three-wheeler fleet New Delhi, Delhi, India Ergon Labs, an emerging leader in light EV powertrain technologies, today announced a strategic partnership with Omega Seiki Pvt. Ltd….
Vinfast Plans Car Assembly Centres In India, To Open By June-End
Vietnamese electric vehicle manufacturer, VinFast has announced plans to open car assembly centres in India and Indonesia this year, marking a strategic pivot towards Asia. According to Pham Nhat Vuong, Chairman of VinFast’s parent company Vingroup, the India plant is…
The Sad Reality Of India’s EV Charging Network
The Indian electric vehicle (EV) market is buzzing with anticipation. Every month, headlines announce the arrival of new electric SUVs, hatchbacks, and luxury cars, promising a cleaner, greener future. From the much-awaited Maruti Suzuki e-Vitara and the in-the-market Hyundai Creta…
CHARGE ZONE Reaches 13,500 Stations, Becomes India’s Largest EV Charging Network
CHARGE ZONE has officially become the largest electric vehicle charging platform in India, having crossed the milestone of 13,500 operational charging stations across the country. The company’s expansion has been powered by a series of strategic roaming agreements based on…
Tata Elxsi Wins €50 Million Strategic Engineering Deal With Leading European Automotive OEM
Tata Elxsi announced a strategic multi-year deal valued at €50 million with a leading European headquartered automotive OEM. This strategic deal positions Tata Elxsi as a key engineering partner for platform and application development across SDV, electrification, body, and chassis…
India Battery-Swapping Boom Hinges On Deliveries And Rickshaws
Electric motorcycles, scooters and rickshaws are slowly beginning to replace gas guzzling vehicles in India, making the world’s most populous nation a potential key growth market for charging technologies like battery swapping. Startups, fuel retailers including Indian Oil Corp. and…
EV Charging Startup IPEC Secures $3 Million From Nikhil Kamath Of Zerodha
IPEC has received funding of US$3 million from Nikhil Kamath. The funds will be allocated to exploring opportunities in international markets, expanding IPEC’s manufacturing capacity, and reinforcing its standing within the power electronics sector. Funding for IPEC IPEC (Intelligent Power…
Power Your Portfolio With The EV Themed Investments
Over the last 10-15 years, there has been considerable focus from automobile players and governments alike around the world on reducing environmental pollution as well as reducing dependence on fossil fuels such as petrol and diesel. In India, the EV…
Gensol Faces Government Inquiry After Rs 975 Crore EV Loan Misuse
The Ministry of Corporate Affairs (MCA) has initiated a suo motu inquiry into Gensol Electric, following allegations of serious financial misconduct and regulatory violations, including the alleged misuse of Rs 975 crore in loans. Sources confirmed to Business Today TV…
