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…
PURE EV Bags $8 Mn To Scale Up Its EV Two-Wheeler Playbook
Hyderabad-based electric vehicle manufacturer PURE EV (Power Using Renewable Energy) has raised $8 Mn (INR 66.3 Cr) in a funding led by Bennett Coleman and Company Limited, Hindustan Times Media Ventures, with participation from Ushodaya Enterprises Private Limited and existing…
Zapp EV Secures Commitment of up to $10 million to Start Production and Commercial Rollout of the i300 Electric Urban Motorcycle
Zapp electric Vehicles Group Limited (Nasdaq: ZAPP) (“Zapp EV” or the “Company”), owner of “Zapp”, the British electric vehicle brand on a mission to revolutionise personal urban mobility, today announced it has entered into a standby equity purchase agreement (the…
JSW Group Sign a Rs 40,000 crore MoU for Integrated Electric Vehicle (EV) & EV Battery Manufacturing Project
The JSW Group, in collaboration with the Odisha government, has formally entered into a Memorandum of Understanding (MoU) to establish an extensive Integrated Electric Vehicle (EV) and EV Battery manufacturing project. This transformative initiative involves an investment of Rs 40,000…
Southfield-based EV Project to Receive $60M Federal Grant
A Southfield-based electric vehicle project is receiving a $60 million grant from the U.S. Department of Energy. The project — by the U.S. Advanced Battery Consortium — will use the funds primarily for research and development of electric vehicle batteries,…
responsAbility to Invest $25 Million in BluSmart for EV Infra Expansion
responsAbility has announced that it will invest up to $25 million in BluSmart. In a press release, responsAbility said this investment will bolster BluSmart’s position as India’s premier EV ride-hailing service and EV charging infrastructure network. The capital injection is…
