Tencent, Others To Buy $516.12 Million Worth Shares In China Evergrande New Energy Vehicle
China Evergrande New Energy Vehicle Group Ltd said investors including Tencent Holdings Ltd and Sequoia Capital will buy HK$4 billion ($516.12 million) worth of company shares in a share sale. The electric vehicle unit of property developer China Evergrande said…
California Startup Aims To Tackle Battery Degradation In Electric Cars
Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time. A San Leandro, California-based start-up said it had raised $4 million in funding and is working with German chemical giant…
Subsidy Scheme Under Delhi Electric Vehicle Policy To Roll Out Next Week
The Delhi government is likely to roll out from next week the subsidy scheme under its newly launched electric vehicle (EV) policy, officials said. The EV policy of the Delhi government was notified last month. Launching the policy, Chief Minister…
Uber Promises 100% Electric Vehicles By 2040, Commits $800 Million To Help Drivers Switch
Uber Technologies Inc said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from…
GreenCell Mobility Bags Order For 48 Electric Buses From Rajasthan Transport Company
GreenCell Mobility Private Limited (GreenCell Mobility) was awarded a contract for operating 48 air-conditioned electric buses by the Rajasthan State Road Transport Corporation (RSRTC). GreenCell is an ‘electric Mobility as Service’ (eMaaS) platform, promoted by Eversource Capital. GreenCell will establish…
Fuel Stations Asked To Have At Least One EV Charging Station
Competition from the growing electric vehicle segment is coming right to the door steps of oil companies with the Power Ministry now mooting the idea to have at least one EV charging station at all the fuel pumps in the…
South Korean EV Giant Edison Set To Invest Rs 5,000 Crore In UP, Meets UP CM
A delegation of South Korean electric vehicle manufacturer, Edison Motors met Uttar Pradesh Chief Minister Yogi Adityanath and expressed their desire to invest in the state, an official said. The delegation led by Managing director Y K Lee met the…
E-Mobility Startup BluSmart Bags $7 Mn For Expansion
Delhi-based electric mobility startup BluSmart has raised $7 Mn (INR 51 Cr) in funding from multiple investors including Inflections Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhattisgarh Investments Ltd, Jain International Trade Organization (JITO) Angels, Lets Venture Fund and…
India-Made Husqvarna Electric Scooter Market Launch In 2021
Apart from revealing some key details of the Husqvarna E-Pilen electric motorcycle, the internal document shared by Pierer Mobility AG (parent company of KTM, Husqvarna, and GasGas) also discloses important information about the Husqvarna electric scooter. Just like the Husqvarna…
Govt To Focus On Domestic Players For Electric Bus Tender: Prakash Javadekar
Union Minister for Heavy Industries and Public Enterprises, Prakash Javadekar said that the government would concentrate on local companies for supplying and running electric buses in the country. “There are so many good local companies that are producing electric buses….
