Eka Mobility to Invest Rs 600 Crore in Pune Plants for EV Manufacturing
Eka Mobility, a Pune-based electric vehicle (EV) manufacturer, has announced a significant investment of Rs 600 crore for the expansion of its manufacturing facilities in Chakan and Koregaon Bhima. Sudhir Mehta, the founder and chairman of Eka Mobility, revealed plans…
Charge Zone Secures $19 Million from BII to Expand EV Charging Infrastructure
Charge Zone, an India-based electric vehicle (EV) charging network firm, has secured a commitment of $19 million from British International Investment (BII), the United Kingdom’s development finance institution, to accelerate the expansion of EV charging infrastructure in India. The investment…
Kenya to Invest 1.9 mln USD to Boost EV Adoption in 3 years
Kenya Power, the country’s electricity distributor, said on Monday that it will invest 1.93 million U.S. dollars in the next three years to spur the adoption of electric vehicles (EVs) in the country. Kenya Power Managing Director Joseph Siror said…
Macquarie to Invest $1.5 bn in EV Leasing, Charging Infra
Macquarie Asset Management (MAM) on Monday launched Vertelo, a platform to provide end-to-end solutions in fleet electrification, and committed to invest $1.5 billion over 10 years in India. The company aims to accelerate the transition of fleets to EVs and…
Mahendra Singh Dhoni Ventures into the EV Space: Invests in EMotorad
Pune-based EV startup EMotorad recently forged a significant partnership with cricket legend and former Indian Captain Mahendra Singh Dhoni. His strategic investment will entail equity ownership in EMotorad alongside his new role as the company’s brand endorser. Expressing his enthusiasm…
CESL Invites Bids for 3,132 Electric Buses Under PM-eBus Sewa Initiative
Convergence Energy Services Limited (CESL) has invited bids to select an operator for the procurement, supply, operation, and maintenance of 3,132 electric buses (e-bus) and the development of allied electric and civil infrastructure on gross cost contracting under Pradhan Mantri…
NexGen Energia to Invest Rs 1,000 cr for Setting Up EV Unit in J&K
Sustainable energy solutions firm NexGen Energia on Monday said it will invest Rs 1,000 crore in setting up a manufacturing unit for electric vehicles (EVs) in Jammu and Kashmir. The Noida-based company said it is currently in talks with the…
IM Motors Raises US$1.1 Billion in One of China EV Brands’ Biggest Recent Deals
IM MOTORS, a premium electric vehicle brand of state-owned Chinese automaker SAIC, said on Friday (Mar 1) it has raised more than US$1.1 billion to work on new smart car models and technologies. IM Motors’ Series B round of equity…
Tata Group Plans IPO For Electric Vehicle Unit, Eyes $1-2 Billion Listing
In a move aimed at monetising its investments in the electric vehicle (EV) sector, Tata Group is gearing up to list its subsidiary, Tata Passenger Electric Mobility Ltd (TPEM), in an initial public offering (IPO) valued at $1-2 billion. According…
EV START-UP VIDYUT RAISES $10 MILLION IN SERIES A LED BY 3one4 CAPITAL
Vidyut, an EV ecosystem start-up, has raised $10 million in its Series A round, led by 3one4 Capital. The round also witnessed participation from new and existing investors namely, Saison Capital, Zephyr Peacock, Force Ventures, a venture debt fund Alteria…
