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…
Xiaomi CEO Reveals How Xiaomi EV’s Models Differentiate From Tesla’s
Xiaomi’s car-making arm, Xiaomi EV, will hold a tech launch in two days, which will be the first major launch since the Chinese smartphone giant announced its entry into the car-making space in early 2021. In the run-up to the…
Tata Nexon EV Facelift Seeing Maximum Demand for Top-spec Variant
The Tata Nexon EV is getting maximum demand for its top-spec Empowered Plus trim level, the automaker has revealed as much as 80 per cent of the bookings for this fully loaded model. This is the fully loaded Tata Nexon…
Over Rs 5,200 Crore Disbursed As FAME-II Subsidy On Electric Cars, Two-Wheelers
The Ministry of Heavy Industries (MHI) has revealed that electric two-wheelers, three-wheelers and passenger vehicles have availed of Rs 5,228 crore in subsidies under the FAME-II scheme. The government body in its review of 2023 said that so far 11,53,079…
China’s BYD picks Hungary for its First European Electric-car Plant
BYD plans to build its first European car factory in Hungary, part of a push by the Chinese electric-vehicle powerhouse to challenge Tesla as the dominant maker of battery-powered cars. The plant in the southern city of Szeged will produce…
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….
HOP Electric Targets Tripling Sales in 2024, Unveils Nimble ‘Nimbus’ Platform for Electric Motorcycles
HOP Electric is targeting up to three-fold rise in its annual sales in 2024 and is preparing to launch an electric motorcycle equivalent to the mass market entry level bikes of conventional engines to shore up volumes, according to company…
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…
SAR Group’s Livguard Acquires Emuron Tech To Enter EV Battery Swapping Space
SAR Group’s energy solutions brand Livguard said it has acquired Delhi NCR-based battery swapping and IoT solutions startup Emuron Technologies to venture into the EV battery swapping space. However, the company did not disclose the financial terms of the deal….
Macquarie Cheques Into EV Finance in India with $400 mn
Australian financial services firm Macquarie is looking to enter the credit space in India by launching a non-banking financial company (NBFC) as part of an electric vehicle (EV) platform it is planning to set up in the country. The NBFC…
