Hero MotoCorp Makes Fresh Investment Of Rs 84 Crore In Ather Energy
India’s largest two-wheeler maker Hero MotoCorp on Friday announced a further investment of Rs 84 crore (US$11million) in Ather Energy, taking up its shareholding in the company to 34.58 per cent. Prior to the investment, Hero MotoCorp’s shareholding in Ather…
Chinese Electric Vehicle Maker Li Auto Aims To Raise Up To $950 Million In Growth Push
Chinese electric vehicle maker Li Auto Inc, backed by food delivery giant Meituan Dianping, has launched an initial public offering of up to $950 million, in one of the biggest U.S. listings by Chinese companies this year. The five-year-old automaker,…
Former Tesla VP Chris Porritt Joins Rimac Automobili As CTO
Rimac Automobili has appointed former Aston Martin Chief Engineer, VP of Engineering at Tesla and lead at Apple’s Special Projects Group, Chris Porritt, to the role of chief technology officer. Porritt will report directly to founder and CEO, Mate Rimac,…
Workhorse Announces Closing Of $70 Million Financing From Institutional Investor
Workhorse Group Inc., an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today announced the closing of its previously announced financing agreement for a $70 million Senior Secured Convertible Note (the…
New Partnership To Power North America’s Entry Into Hydrogen Fuel
HTC Extraction Systems is finalizing its IP partnership agreement and equity stake purchase in US based company, Hydrogen Fueling Corp. The synergy between practical, proven hydrogen production technology and the roll-out of hydrogen fueling infrastructure is what will catalyze and…
Sibros Closes $12 Million Series A For First Deep Connected Vehicle Platform
Deep Connected Vehicle platform company Sibros, announced it has closed $12 million in Series A funding, bringing its total capital raised to over $15 million. The round was led by Nexus Venture Partners with participation from Moneta Ventures and Twin…
Alibaba-Backed EV Maker Xpeng Raises $500 Million
Chinese electric vehicle (EV) manufacturer Xpeng Motors, backed by Alibaba Group Holding Ltd, announced it has raised around $500 million in its latest funding round. As enthusiasm builds for more climate-friendly vehicles, shares of EV makers, including Tesla Inc and…
ABB India’s First Public DC Fast Charger For New Delhi With BYPL And EV Motors India Unveiled
ABB India limited, today installed its first Public DC fast charger in New Delhi with EV Motors India, the major charge point operator for BSES Yamuna Power Limited. The Terra54 CJG charging station, which caters to multiple charging protocols of…
Hitachi ABB Power Grids Wins ₹1.2 Billion Deal To Supply Transformers To Indian Railways
Hitachi ABB Power Grids India announced that it won a ₹1.2 billion (~$16.05 million) order to help the Indian government’s goal of 100% railway electrification and to reduce its carbon footprint. Under the order, the company will deliver its transformers…
UK’s Oil Giant BP To Invest $70 Million In India’s Green Growth Equity Fund
United Kingdom-based oil giant BP announced its plans to invest $70 million (~₹5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy solutions in the country. Once the transaction is completed…
