EV Startup Raptee Rolls Out Production-ready E-motorcycle From Chennai Plant
Raptee Energy, the Chennai-based electric vehicle (EV) startup, has rolled out its first production-ready motorcycle from its manufacturing plant in Chennai, signalling the company’s transition from startup to a full-fledged EV brand. The plant has an annual capacity for 100,000…
India Now Home to Over 150 Two-wheeler EV Startups
Driven by conducive government policies and incentives towards a green future, India now has more than 150 two-wheeler electric vehicle (EV) startups, a new report said on Wednesday. According to an analysis by global investment advisory firm Bernstein, the Indian…
EV Startup River Bags $40 Mn in Series B Led by Yamaha
Electric vehicle manufacturer River has raised $40 million in a Series B funding round led by Yamaha. The round also saw participation from existing investors Al Futtaim Group, Lowercarbon Capital, Toyota Ventures, and Maniv Mobility. With this funding, the company…
River Opens First Showroom in Bengaluru
Electric two-wheeler startup River inaugurated its first dealership in Bengaluru’s JP Nagar. The showroom has the Indie electric scooter on display, along with its range of accessories and company merchandise. It also has an adjoining service centre. The Bengaluru-based company…
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…
Indian EV Start-up Eyes Middle East Commercial Vehicle Market
Planet Electric, an Indian start-up focusing on commercial electric vehicle (EV) mobility, expects to launch India’s first electric cargo vehicle using material engineering innovations in June 2024, and the Middle East is the first market it hopes to export its…
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…
Indian Startup Signs Pact To Explore EV Production Facility in Saudi Arabia
Indian startup Pravaig Dynamics has signed a memorandum of understanding (MoU) to explore setting up a left-hand drive electric vehicle (EV) manufacturing unit in Saudi Arabia. The unit will have a capacity of up to one million vehicles to cater…
Indian Startups Witness 72% Decline In Funding During H1 2023
Indian startups witnessed a 72% decline in funding during the first half of 2023 as compared to last year in the same period, according to a report titled ‘Tracxn Geo Semi-Annual Report: India Tech- H1 2023’. This year from January to…
