EHang Announces US$22M PIPE Investment from Strategic Investors
EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. (“Enpower”, SZ300681), a Chinese…
EV Mobility Company Zevo Raises $2 Million in Pre-series A Funding Round
Electric vehicle (EV) logistics mobility platform Zevo has raised $2 million in a pre-series A funding round. Pegasus India Fund, BizDateUp, JIIF, and a family office led the funding. Zevo plans to use the funds to deploy 5,000 EVs and…
Chinese EV Maker Nio Surges on $1.9 Billion Investment
Nio’s (NIO) U.S.-listed shares surged in early trading Monday, after the Chinese electric vehicle maker announced a new investment over the weekend. A group of Chinese investors agreed to acquire newly issued shares of Nio China for a combined 3.3…
Feds Announce $355M for 4 Electric Vehicle Battery Projects in Michigan
The U.S. Department of Energy (DOE) announced Friday it’s granting $355 million in federal funding to a series of manufacturing projects in Michigan, all aimed at bolstering production for electric vehicle (EV) batteries and battery components.In a press release, the…
Skoda-Volkswagen to Invest in EV Plant
Investment in EV Plant: Skoda Auto Volkswagen India Private Limited (SAVWIPL) is set to invest Rs 15,000 crore in establishing an electric vehicle (EV) manufacturing plant in Chakan, Maharashtra. This is part of the company’s broader strategy to expand its…
Hero MotoCorp Considers Investment in Electric Three-wheeler Startup
Leading two-wheeler brand Hero MotoCorp (HMC) is in advanced negotiations to make a significant strategic investment in Altigreen Propulsion Labs, a Bengaluru-based startup specialising in electric three-wheelers (E3Ws), according to a report by the Economic Times. This move could mark…
River Mobility Plans to Scale up ops; aims to Open 100 Stores by March
Bengaluru-headquartered electric vehicle startup River Mobility Pvt Ltd backed by marquee investors Yamaha Motor Corp, Mitsui & Company Ltd, aims to open 100 showrooms by March 2026, a top official said. The company under its expansion drive inaugurated its first…
EV Charging Aggregator ElectricPe Raises $3 million from Green Frontier Capital
This new fund will be utilised by the Bengaluru-based startup to expand its operations to new geographies and for technological advancement, the company said on Tuesday. “We have always believed in stage-by-stage funding, and this $3 million investment marks the…
Ola Electric to Raise $734 million in India’s biggest IPO this year
Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country’s biggest IPO this year, a deal set to lure major foreign investors and highlight growing confidence in India’s financial markets. A stock market…
Charge Zone Plans to Invest USD 360 Million for EV Charging Network
Charge Zone has decided to invest USD 360 million in four years for its EV charging network, as it looks to widen its reach of supercharging infrastructure to cater to electric buses, trucks, and personal mobility vehicles nationwide. This fiscal…
