TVS Motor Raises Stake In Startup Ultraviolette, Invests Rs 30 crore
TVS Motor Company has raised its stake in Bengaluru-based electric vehicle startup Ultraviolette Automotive by pumping in Rs 30 crore. In FY20, it had invested Rs 11 crore in the startup, which aims to put a high performance electric bike…
Dr. Paolo Castagna Ex Managing Director Fiat India Invests In Electric Vehicles’ Start-Up EVage
Dr. Paolo Castagna, Ex Managing Director, Fiat India Automobiles Pvt Ltd, has invested an undisclosed amount in mobility tech startup EVage. The mobility startup has built India’s 1st ‘Make in India’ ‘Exoskeleton Structure’ that will provide a common platform for…
Okaya To Provide EV Charging Stations To BluSmart Electric Mobility
Okaya Power Group on Friday said its flagship firm Okaya will provide electric vehicle charging stations to BluSmart Electric Mobility — one of the largest 100 per cent electric fleet operator in India. Okaya announced a strategic partnership with BluSmart…
Mahindra And REE Explore Joint Development Of Electric Commercial Vehicles
Mahindra & Mahindra, part of Mahindra Group, and REE Automotive have signed a memorandum of understanding (MOU) to explore the development and manufacturing of electric commercial vehicles for global markets. Such a strategic collaboration will leverage REE’s electric vehicle corner…
Haldor Topsoe Joins Ambitious Hydrogen And Sustainable Fuel Project In Denmark
Haldor Topsoe has joined a hydrogen and sustainable fuel project based on electrolysis in the Greater Copenhagen Area. The project is expected to be executed by 2030 in three stages, achieving the capacity of 10 megawatts (MW) in 2023; 250…
Ola Electric Co-founder Anand Shah Invests In EV Startup Evage
Mobility tech startup Evage said it has raised an undisclosed amount of funding led by Ola Electric co-founder and senior advisor Anand Shah. Bryair director Varun Pahwa and DMI group partner Anmol Nayyar also participated in the funding round. Conceptualized…
Magenta Picked By Microsoft For The Start-up Support Program Of EV Software & Charging Platform Development
Microsoft has selected Magenta the pioneer in the business of clean mobility and clean electricity, for its Start-up support program. Under this program, Microsoft supports B2B tech startups to scale and grow leveraging its technology, cloud marketplace, enterprise sales team,…
Canoo Electric Vehicle Maker To Go Public To Raise $600 Million
Canoo Holdings Ltd., a company developing breakthrough electric vehicles (EV) from the ground up, and Hennessy Capital Acquisition Corp. IV (“HCAC”) , a special purpose acquisition company, announced they have entered into a definitive agreement for a business combination that…
Cao Cao Mobility, DeepRoute Partner On Robotaxis To Serve 2022 Asian Games
DeepRoute.ai LLC and Cao Cao Mobility this week said they have partnered to advance the design, development, and commercialization of an autonomous robotic taxicab service. The autonomous vehicles will use DeepRoute’s self-driving technology and will be deployed at the 2022…
Volvo Buses Inks New Electric Bus Orders In Norway
Norway is one of the most active nations when it comes to cutting carbon emissions. That means putting significant incentives in place for electric vehicles, be they passenger vehicles, trucks, ferries, or buses. One of its policy initiatives calls for…
