SUBSCRIBE NEWS LETTER

EV Charging

EV Ride Hailing Service BluSmart Rakes Up $42M to Augment Operations

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 […]

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Revamped Distribution Sector Scheme Sanctioned in Ladakh at Rs 687.05 Cr

The Government has given its nod for the implementation of the Revamped Distribution Sector Scheme (RDSS) in the Union Territory of Ladakh. The scheme been sanctioned at a cost of Rs 687.05 crore. Towards this, an agreement has been signed between the Chief Engineer, Distribution, Ladakh Power Development Department (LPDD), Tsewang Paljor and Executive Director […]

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How EVs Are Changing The Auto Sector

In recent years, India has made rapid progress towards the adoption of electric vehicles (EVs) in the transportation sector. The movement started when the government announced an ambitious plan to achieve 30% EV penetration by 2030. The first major step was the introduction of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) Scheme in […]

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PFC Approves Rs 633 Cr Loan for Deployment of 5000 EV Cabs, 1000 EV Cargo Vehicles

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 […]

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KPI Green Energy Completes Charging of 61.97 MW Wind-Solar Hybrid Capacity

Surat-headquartered KPI Green Energy has announced that it has accomplished the charging of 26.l0 MW wind-solar hybrid project. This entails 16.l0 MW wind and 10 MW CIC solar capacity. The project is established in Bhungar site in Mahuva, Bhavnagar under the firm’s own power generating asset portfolio. The firm has further revealed that it has […]

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Delhi-Jalandhar Highway Sees Installation of 12 EV Chargers from BPCL

Indian CPSU Bharat Petroleum Corporation Limited has revealed that it is in the process of making Electric Vehicle Fast Charging Corridors that will be set up all over India. It has announced that it has installed EV chargers on the Delhi-Jalandhar highway. This is the fourth Electric Vehicle Fast Charging Corridor in the country. The […]

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In E3W segment, customer base may be new to credit or lack strong credit score: Sameer Aggarwal, Revfin

EV finance firm Revfin claims that it has financed over 17,118 electric vehicles in the last 51 months (as of March 2023). This translates to financing 11 electric vehicles everydayin the last 1530 days. The vehicles are plying in over 200 cities across 16 states of India. Revfin also underwrites financially excluded and underserved segments […]

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Statiq to Build 500 EV Chargers for HPCL Across 12 States

Electric vehicle charging network startup Statiq has announced that the company has received a contract to develop more than 500 electric vehicle charging stations for state owned oil marketing company HPCL. As per Statiq, these EV chargers will come across 12 states of India: Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, […]

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In Last 1530 Days, Revfin Financed 11 Electric Vehicles Daily

EV finance firm Revfin says that it has financed over 17,118 electric vehicles in the last 51 months. This means,  in the last 1530 days Revfin financed 11 electric vehicles everyday. These vehicles are plying in over 200 cities across 16 states of India. The firm has already contributed to reduction of 30486 metric ton […]

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