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TI Clean Mobility Gets Rs 580 Crore To Expand Green Solutions

Tube Investments of India Limited subsidiary TI Clean Mobility Private Limited has signed final agreements with South Asia Growth Invest III LLC and South Asia EBT Trust III to raise Rs 580 crore in the form of Equity and Compulsorily Convertible Preference Shares. According to a statement by TI Clean Mobility, TICMPL, expected to raise […]

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Zen Mobility Opens MicroPods Making Facility In Manesar

EV manufacturing company Zen Mobility has launched its manufacturing plant in Manesar, near Gurugram in Haryana. With a capacity of 50,000 units per year, the facility is dedicated to the production and assembling of the Zen Micro Pods, the company’s flagship electric vehicles tailored for urban commuters, said Zen Mobility in a statement. According to […]

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IEA Report Advocates Digital Integration Of Power Grids To Boost Efficiency

A latest report from the International Energy Agency (IEA) report highlighted the importance of matching growth with clean energy transition through digital power grids.  The IEA report presented electricity transmission through the power grid as an alternative to support urban areas with more than 80% of the global GDP. They report contribute to more than […]

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Eka Mobility To Invest Rs 600 Crore In Pune EV Makers

Pune-based electric vehicle (EV) manufacturer Eka Mobility will be investing Rs 600 crore for the expansion of its manufacturing facilities in Chakan and Koregaon Bhima in Pune district, Maharashtra. According to the company Eka Mobility, the company aims to establish an initial manufacturing capacity capable of producing approximately 2,000 buses and 6,000 LCVs annually. Furthermore, […]

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News Briefs May 3 -Envirospark, GAF Energy, REC Silicon, DOE Grants

EV Charging Company EnviroSpark Secures $50 Million Investment from Basalt Infrastructure Partners US electric vehicle (EV) charging company EnviroSpark Energy Solutions announced it has secured a $50 million investment by funds advised by Basalt Infrastructure Partners an infrastructure equity investment firm focusing on investments in Europe and North America. This investment will enable EnviroSpark to […]

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Magenta Mobility & Kuehne+Nagel Ink Deal For E-Trucks

E-Mobility firm Magenta Mobility and logistics firm Kuehne+Nagel have announced a partnership aiming at decarbonising road freight in India. “This collaboration reaffirms the commitment of Magenta Mobility and Kuehne+Nagel to sustainability and innovation in logistics. Magenta Mobility to offer sustainable electric mobility solutions and Kuehne+Nagel to adopt electric vehicles (EVs), marks a significant move in […]

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BII Invest $19 Mn To Expand CHARGE Zone Network In India

CHARGE ZONE, secured a $19 million commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.  CHARGE ZONE, is an Indian electric vehicle (EV) charging network provider, and DFI is the UK’s development finance institution. This collaboration forms part of their long-term plan to create a network of one million […]

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Audi Opens First EV Charging Hub Outside Europe In Tokyo

Audi has opened its firm EV charging hub outside Europe in Japan’s capital Tokyo. The EV charging hub will enable drivers of electric cars of all brands to charge at four fast-charging points, each with up to 150 kilowatts (kW) – an excellent figure for charging power in Japan. Thanks to a buffer storage unit, […]

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Battery Storage Needs To Be Increased Six Times By 2030 To Meet Global Energy Demand

After their deployment in the power sector more than doubled last year, batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets, according to the latest International Energy Agency (IEA) report. Growth in battery outpaced almost all other clean energy technologies in 2023 as falling costs, […]

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