EV ride-hailing firm BluSmart Mobility, which also serves as an EV charging superhub infrastructure operator, has shared that it has pocketed $42 million in its recently held round in April. BluSmart Mobility will employ the funds raised to expand reach into mega cities, and expand fleet to 10,000 over the next year. BluSmart boasts of […]
CPSU under the Ministry of Power, Power Finance Corporation (PFC) has given a loan sanction worth Rs 633 crore to Gensol Engineering Ltd. This loan will facilitate the purchase of 5,000 passenger electric vehicles and 1,000 cargo EVs. Gensol Engineering delves into the commissioning of solar projects in India and abroad and is a maker […]
Tata Motors and Uber have signed an MoU for the supply of electric sedans. Under the agreement, TATA Motors, the largest maker of electric cars in India, will supply 25,000 of its X-Pres-T electric sedans to ride-hailing giant Uber. This is India’s largest order for electric vehicles between the EV manufacturer and the ride-hailing company […]
To facilitate co-lending, co-origination, and loan syndication for renewable energy projects, The Bank of India (BoI) and the Indian Renewable Energy Development Agency Limited (IREDA) inks MoU (Memorandum of Understanding). IREDA is one of the earliest and largest renewables-focused financial institutions. The MoU will enable cooperation between IREDA and BoI on renewable energy initiatives including […]
Automaker Tata Motors has signed an Memorandum of Understanding (MoU) with BluSmart Mobility, a ride-hailing mobility service, for expanding their all-electric fleet multi-fold across Delhi NCR. Tata will supply 3,500 XPRES T EVs as part of the deal. According to Mr. Ramesh Dorairajan, Head – Electric Vehicles (Commercial), Tata Motors, “With the XPRES- T EV, Tata […]
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