Flipkart Deployed Over 10,000 Electric Vehicles in Delivery Fleet
E-commerce major Flipkart on Monday said it has deployed over 10,000 electric vehicles (EVs) in its delivery fleet as part of a phased integration of EVs in the last mile delivery over the past few years. The strategic adoption of…
Revfin Expands EV Fleet with Acquisition of 15,000 Vehicles on SUN Mobility’s Platform
Revfin, a leading EV financing company, has announced the take over of 15,000 vehicles operating on the SUN Mobility platform. This acquisition, valued at ₹100 crore, marks a strategic step in Revfin’s mission to boost EV adoption and transform fleet…
Axis Bank Backs Everest Fleet With $12.1 Mn Loan To Accelerate Electric Mobility In India
Axis Bank has extended a loan of INR 1 Bn ($12.1 Mn) to Everest Fleet for four years along with GuarantCo, a local-currency credit solution company, part of the Private Infrastructure Development Group (PIDG) as its guarantor. Founded in 2016…
Verizon Connect Expands EV Fleet Management Solutions in Europe, Unveils New Sustainability Tools
Verizon Connect announced the launch of its Electric Vehicle Suitability Tool and the expansion of its Reveal EV capabilities into Europe, marking a significant step towards supporting global sustainability by aiding fleets in their transition to electric vehicles (EVs). The…
Axis Bank Extends INR 1 Billion Loan to Everest Fleet Under GuarantCo Partnership for Purchase of Electric Vehicles (EV) in India
Axis Bank, one of the leading private sector banks in India, in collaboration with GuarantCo, a part of the Private Infrastructure Development Group (PIDG), has extended INR 1 billion (c. USD 12.1 million), loan for over four-years to Everest Fleet,…
Wave of EV Makers Choose NVIDIA DRIVE for Automated Driving
NVIDIA announced that Li Auto, a pioneer in extended-range electric vehicles (EVs), has selected the NVIDIA DRIVE Thor™ centralized car computer to power its next-generation fleets. NVIDIA also announced that EV makers GWM (Great Wall Motor), ZEEKR and Xiaomi have…
China Wants its Massive EV Fleet to Plug in And Charge the Power Grid
In the industrial hub of Wuxi near Shanghai, car owners recently took part in China’s largest experiment to rewire the grid and take advantage of its world-leading fleet of electric vehicles. Instead of charging up after plugging in, 50 EVs…
Amazon Launches Worldwide Last-Mile Fleet Program in India, Featuring Electric Vehicles
Amazon has launched its inaugural last-mile fleet program in India, and it’s making an environmentally conscious move by employing 100% electric vehicles. This initiative will empower more than 300 delivery service partners (DSPs) to transport goods with zero tailpipe emissions….
India’s Biggest Electric Vehicles and Battery Industry National Business Conference Series Now Comes To Gujarat
Gujarat’s electric vehicle policy targets to have 200,000 EVs on the road by 2025, including 110,000 electric two-wheelers, 70,000 electric three-wheelers, and 20,000 electric cars. Additionally, the Policy aims to offer a comprehensive solution to the issues hindering the spread…
EV Ride-Hailing Startup BluSmart Raises $25 Million Funding Round Led By BP
BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart. It led a USD 25 million Series A round that also saw support from Mayfield India…
