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JSW MG Motor India Partner Ecofy For EV Financing

JSW MG Motor India have announced that it partnered with Eversource Capital-backed NBFC Ecofy to provide financing and leasing solutions for its electric vehicles. According to a release, the two businesses have inked a Memorandum of Understanding (MoU) under which Ecofy will offer leasing and financing options for up to 10,000 JSW MG EVs over […]

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Hubject & Exicom Partners To Enhance EV Charging

Hubject, the EV Interoperability market leader, has entered into a strategic partnership with Exicom, India’s largest EV charger manufacturer, charge point operators, and other ecosystem players. The overall aim of the partnership is to use Hubject’s innovative interoperability technology to improve the charging experience for EV drivers in India. This includes Hubject’s interchange platform, which […]

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Power Demand Pushes Battery Makers Revenue By 10-11%: CRISIL Research

CRISL Rating’s latest report anticipates the domestic lead-acid battery manufacturers’ revenue to grow 10-11% in fiscal 2025. The report found this to be a close mirroring ~12% which was seen last fiscal year. Moreover, growth is expected to be driven by steady demand in the mainstay automotive segment and tailwind from rising 5G penetration, expansion […]

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LG and ChargePoint Join Hands to Innovate EV Charging

ChargePoint, a provider of networked charging solutions for electric vehicles (EVs), and global innovator LG Electronics (LG) have formed a partnership to leverage their respective strengths for future innovations in EV charging. “LG shares ChargePoint’s commitment to enabling a world-class charging experience for all EV drivers, regardless of make, model, or connector type”. The first […]

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Thailand, India Can Pose Challenge To China’s EV Market: Report

Bloomberg’s recent report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario.  The Bloomberg […]

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With Latest Funding, Battery Smart To Expand Services In More Cities

Indian battery swapping company Battery Smart announced it has raised $65 million in a Series B funding round led by LeapFrog Investments, the pioneering profit with purpose firm. The equity round consisted of a mix of primary and secondary investments and saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund […]

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Blive Unveils EZY Electric Vehicle Rental Program

BLive, an e-mobility platform, launched the ‘BLive EZY EV Rental Program’. This program is for last-mile mobility partners to bridge the financial gaps that delivery riders face when transitioning to electric vehicles (EVs). The integrated AI-enabled platform brings together the entire EV ecosystem, including EV manufacturers, demand generation partners like Zomato and Swiggy, leading finance […]

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Tracxn Environment Tech Report 2024- Funding Drops, But Share Improves

Startup Research firm Tracxn released a special Environment funding report on World Environment Day last week. A Key Finding was the rise of Equity funding for Environment Tech companies in proportion to global tech funding. In 2024, close to 10% of all equity funding has gone into startups in the environment tech sector. A significant […]

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Motovolt, ZEVO Partner To Boost Electric Mobility

Electric bike manufacturer Motovolt Mobility has collaborated with ZEVO to deploy 5,000 of its flagship M7 electric scooters. The companies involved said that this alliance signifies a collective effort towards promoting the widespread adoption of EVs for all delivery needs, promising a more sustainable future in urban mobility and last-mile logistics. ZEVO is a tech-enabled […]

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