Ola Electric To Invest $100 Million For Lithium-Ion Battery Manufacturing Gigafactory Amid IPO Buzz
IPO-bound Ola Electric plans to invest $100 million (approximately Rs 834 crore) in the initial phase of constructing its gigafactory for lithium-ion battery cell production as per founder Bhavish Aggarwal. He mentioned that Ola’s electric scooters will feature these locally-produced…
India’s Uber-rival BluSmart Pumps up EV Charging with $25M Investment
BluSmart, an Indian ride-hailing startup that competes with Uber and homegrown rival Ola with its all-electric fleet, is looking to boost its battery charging infrastructure as the South Asian nation currently has limited charging stations but aims to expand its…
JSW Group to Invest $5 Billion in EV Projects in Eastern India
JSW Group is set to invest 400 billion rupees ($4.81 billion) in electric vehicle (EV) manufacturing projects in India’s coastal state of Odisha, as it takes on both domestic and international players in India’s small but booming EV market. Electric…
International Battery Company Powers up with $35M Funding to Bridge EV Gap in India
International Battery Company, a startup developing lithium-ion battery cells for electric vehicles, has raised $35 million as it plans to bridge the demand-supply gap in the growing EV market in India. Led by RTP Global, the pre-Series A round saw…
Ola Electric to Raise USD 662 mn in India’s First EV Maker IPO
SoftBank Group-backed Indian e-scooter maker Ola Electric on Friday filed to raise at least 55 billion rupees (USD 661.9 million) in an initial public offering (IPO) that is tippd to be one of the country’s biggest share sales next year….
Chinese EV Maker Nio gets US$2.2 billion Investment from Abu Dhabi Fund
CYVN Holdings, an investment fund controlled by the Abu Dhabi government, has invested US$2.2 billion in Nio, making it the first Middle East investor to take a substantial stake in a Chinese electric-car maker. Nio, one of China’s top three…
Pepper Motion will Invest ₹4,640 crore in EV Manufacturing Unit at Punganur
Andreas Hager, CEO of the German-based Pepper Motion Company, called on Chief Minister Y.S. Jagan Mohan Reddy at the latter’s camp office at Tadepalli, near here, on November 29 (Wednesday). Pepper Motion, which manufactures electric buses and trucks, is all…
Nissan will Invest Over $1 Billion to Make EV Versions of its Best-selling cars in the UK
Nissan will invest more than 1 billion pounds ($1.3 billion) to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country’s ailing…
Ashok Leyland to Invest Rs 1.2K Crore in its EV arm
Leading commercial vehicle maker Ashok Leyland (AL) will be making an investment of Rs 1,200 crore in its electric vehicle (EV) arm Switch Mobility- through its holding company Optare PLC UK. The decision to infuse own funds come after the…
Rail-Served EV Battery Plant Coming to North Carolina
A subsidiary of Mumbai, India-based Epsilon Carbon Private Limited, EAM is slated to invest $649.9 million in the plant, which will be built at the Mid-Atlantic Rail Industrial Park in Brunswick County. It is expected to create 500 jobs with…
