By Mahesh Wagle, Co-Founder and CEO, Cybernetik The cost of battery packs remains one of the primary factors impeding widespread EV adoption. However, projections point to a future where lithium-ion battery prices will decrease substantially, […]
Fyn has collaborated with Euler Motors to purchase 2,000 fast charging three-wheeler electric vehicles (EVs). As a part of the collaboration, Euler Motors with its product, the Euler HiLoad EV, will enable Fyn to build […]
The production-linked incentive (PLI) programme for automobiles and auto components as well as the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) II programme have been modified by the Ministry of Heavy Industries […]
Hero MotoCorp has approved an investment of up to Rs 5.5 billion in rights issue of Ather Energy in the form of E2 compulsory convertible preference shares. The investment is anticipated to be completed by […]
PM-eBus Sewa has been approved by the Union Cabinet, chaired by the Indian prime minister, for expanding city bus service by 10,000 electric buses(e-buses). The augmentation will be done on the basis of public-private partnership […]
Mahindra Electric Automobile Limited (MEAL), an electric vehicle (EV) subsidiary of Mahindra and Mahindra Limited (M&M) will raise an investment of Rs 12 billion in the form of compulsorily convertible preference shares from Temasek, Singapore-based […]
Mufin Green Finance Limited (MUFI) has announced that it has secured Rs 80 million from the Shell Foundation. The company has also received the assistance of large financial institutions like the Indian Renewable Energy Development […]
Gridserve sustainable energy (GRIDSERVE), a UK-based electric vehicles (EVs) charge point operator, has secured a funding of $682 million. The financing will be carried out in accordance with GRIDSERVE’s Green Finance Framework, which has been classified […]
The electric vehicle (EV) market in India has been growing at an incredible pace owing to the adoption of electric micro-mobility vehicles. However, at present, India’s EV charging infrastructure is not expansive enough to cater […]
Megha Engineering and Infrastructures Limited has been granted the contract to establish Olectra Greentech’s new greenfield electric vehicle (EV) production facility. The facility will be built at Seetharampur in Hyderabad. The greenfield EV manufacturing facility […]
Vegh, an electric-two-wheeler manufacturing business based in Punjab has raised $5 million in a strategic pre-series financing round from an unnamed investor. The funds’ revenues will be utilised to support Vegh’s working capital requirements, such […]
Founded in 2009, Energy Efficiency Services Limited (EESL) is promoted by the Ministry of Power as a joint venture of four PSUs – NTPC Limited, Power Finance Corporation Limited, REC Limited and Power Grid Corporation […]
Indian roads are increasingly becoming greener owing to the growing uptake of electric vehicles (EVs) across various passenger segments. Although the sale of EVs in the country more than doubled last year, it is important […]
Visakh Sasikumar, founder of Fyn Mobility, is an entrepreneur with over a decade of experience in the electric vehicle (EV) industry. He incubated Fyn Mobility, a vertically integrated EV ecosystem platform for logistics and commute, […]
Siemens, a German multinational firm involved in power transmission and generation announced an agreement to acquire Mumbai-based Mass-Tech Controls’ electric vehicle (EV) branch for Rs 380 million. Siemens anticipates to extend its market position in […]
The UK government has announced £77 million in funding for a zero-emission vehicle project that will include emergency services vehicles. The project seeks to develop a hydrogen fuel-cell range extender for specialist electric vehicles (EVs) […]
The European Commission and the Italian bank Cassa Depositi e Prestiti (CDP) will provide more than $110.1 million to Italian oil and gas producer Eni for the development of electric vehicle (EV) charging networks. The […]
BluSmart Mobility announced a $42 million fundraising round in April 2023. It raised $37 million in venture capital and $5 million in venture debt. The energy investors participated in the investment round, with the BluSmart […]
Odisha Renewable Energy Development Agency (OREDA) has requested proposals to provide, own, operate, and maintain electric vehicle (EV) fleet services for 300 EVs. For a period of five years, the contractors must provide a comprehensive […]
A number of initiatives, targets and timelines were announced in the state budget for the current fiscal year with the aim of developing Himachal Pradesh as a green energy state by March 31, 2026. While […]
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