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Iraq investing $680 million in renewable energy projects

Iraq authorities have approved an expenditure of one trillion Iraqi dinars or $680 million for the expansion and development for renewable power projects in order to reduce the dependence of imported power and enhance the use of RE in the country. The Central Bank of Iraq had planned to allocate the funds for solar power […]

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Rajasthan Government Approves Electric Vehicle Policy

The Rajasthan Electric Vehicle Policy (REVP) that was pending for about a year has received approval from the Rajasthan Government. The primary objective of the EV Policy is to encourage electric vehicles’ adoption in the state. In July 2021, a notification was issued by the Transport Department of Rajasthan, which said that electric vehicle purchasers […]

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Tesla Nears Setting-up Electric Vehicle & Battery Factory in Indonesia

Leading EV seller Tesla is close to inking a pact that will allow the US-based company to set up an electric vehicle factory in Indonesia. The facility may come up in Central Java’s Industrial complex and it may also host manufacturing of EV batteries. As per reports, the construction could start by the end of […]

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IREDA sanctions Rs 14,000 cr for RE projects in Maharashtra

Renewable energy projects finance company and government owned – Indian Renewable Energy Development Agency Limited (IREDA) – has announced that it has sanctioned loans of Rs 14,445 crore and has already disbursed more than Rs 10,000 crore in Maharashtra for renewable energy projects. IREDA and Mahratta Chamber of Commerce Industries and Agriculture (MCCAI) conducted a […]

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TVS Launches iQube e-scooter in three variants

Indian two wheeler major TVS Motor has announced the launch of its TVS iQube electric scooter in three variants. TVS Motor claims that the products come with best-in-class on-road range of 140 km on a single charge. The e-scooters will offer a host of features such as 7 inch TFT touchscreen, clean UI, infinity theme […]

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Mobile Fuel Delivery Startup Repos Energy Gets Funding From Ratan Tata

National startup award winner Repos Energy has raised a pre-series round of funding from Ratan Tata. A report quoted Ratan Tata as saying, “Repos is a well-conceived project with good execution. I wish them all the success.” A few months ago, Repos Energy had forged a tie up with Mahindra’s Truck and Bus Division (MTB) […]

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BEL to manufacture battery packs for Triton electric trucks

The Pune Unit of Navratna Defence PSU Bharat Electronics Limited (BEL) will manufacture Li-ion battery packs for the electric trucks of Triton, US, as part of an MoU signed between the two companies to explore manufacturing of battery cells in India for Energy Storage Systems and electric vehicles in the Heavy Vehicle segment for the […]

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Ather Closes Series E Fund Raise With $128 Million Round From NIIFL, SOF, Hero Moto

Bengaluru based Ather Energy, a leading electric two-wheeler company in India, has confirmed the completion of its Series E round of funding with signing of investment agreements amounting to $128 million with National Investment and Infrastructure Fund Limited’s (NIIFL) Strategic Opportunities Fund (SOF), and Hero MotoCorp, a significant shareholder of Ather, and additional investors. Details […]

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Lithium Price Surge Leaves Car Makers Comparing LFP with NCM batteries

Steep rises in battery raw materials prices since the start of 2021 have favoured a faster shift to LFP batteries for electric vehicles, over NMC batteries. Cobalt and Lithium for example have become dearer by 70% and 700% respectively. The lowest-cost pack has always been lithium-iron-phosphate, or LFP, the preferred choice of Tesla, Volkswagon and […]

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