EV Leasing Firm Electrifi Secures ₹250 Million Funding from ADB
Commercial electric vehicle (EV) leasing and asset management company Electrifi Mobility secured ₹250 million (~$3.02 million) in seed-stage funding led by Asian Development Bank (ADB) Ventures, AdvantEdge Founders and others. The funding will help Electrifi scale up asset deployment, expand…
China’s BYD and US EV Rival Tesla Gain Favour with Norway’s US$1.5 Trillion Wealth Fund
Norway’s US$1.5 trillion wealth fund boosted its holdings in Tesla and Chinese electric vehicle leader BYD in 2023 as the companies scaled up production of plug-in cars. Tesla moved up to the fund’s 11th biggest holding at the end of…
Noida’s EV as a Service Startup Trigo Electric Raises Rs 40L at Indian Angels Show
Noida-based EV as a Service startup TriGo Electric has raised an angel cum strategic funding of Rs 40 lakh in equity and 40 lakh as debt from angel investor Ajinkya Firodia, Managing Director Kinetic Group. TriGo Electric secured this equity…
Bolt.Earth Secures $20 Million In Funding To Boost The EV Ecosystem
Bolt.Earth, a prominent Indian electric vehicle (EV) infrastructure and software company, has successfully concluded a funding round, raising a substantial $20 million in investment. The funding initiative was led by a consortium of investors, which included both long-standing and new…
Temasek Leads $140m Funding In Ola Electric At A Valuation Of $5.4b
Singapore’s investment firm Temasek led a $140 million funding round in India’s Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering. The…
EV Startup Ather Energy Bags INR 550 Cr Funding From Hero MotoCorp
Bengaluru-based EV startup Ather Energy is raising INR 550 Cr from existing investor Hero MotoCorp. Hero MotoCorp, in an exchange filing, said it would invest up to INR 550 Cr in Ather via its rights issue by subscribing to the…
Faad Network Leads $500K Funding For BluWheelz, EV Fleet Startup
BluWheelz, an electric vehicle (EV) fleet-as-a-service startup, has successfully raised a substantial seed investment of $500,000. The funding round was led by Faad Network, a well-known early-stage fund in India. Notable participants in this round include LetsVenture, along with a…
The SNB Capital EV Batteries Fund Succssfully Acquired A Stake In “SK ON” Amounted At USD 100mln
SNB Capital announces its successful acquisition of a stake in the Korean batteries manufacturer “SK ON” worth USD 100 million through its “SNB Capital EV Batteries” fund; a closed-end sharia compliant fund. SK ON is considered one of the largest…
Oben Electric Gets Rs 40 Crore Funding In Pre-Series A Round
Bengaluru-based electric vehicle start-up Oben Electric has raised Rs 40 crore in an extended pre-series A round, bringing their total Pre-Series A fundraise to Rs 72 crore (equity & debt). With this, it has raised Rs 88 crore since its…
The Rocky Road To EV Financing
Tata Motors’ decision was taken despite the fact that the company had bagged 66 percent of the business in the first phase of the tender in 2022, where the company was supposed to deliver and operate about 3,600 electric buses…
