SUBSCRIBE NEWS LETTER

two wheeler

EV Maker Ampere Sells 79,000 scooters in Fy22, Revenue Crosses Rs 500 Cr 

Two wheeler EV maker Ampere has emerged as the second largest player in the segment in terms of vehicles sold during FY22. The company managed around three-fold growth in its gross scale with improved economics in the same period. Ampere offers Primus, Magnus EX, and Zeal EX e-scooters and it made a 98.8% collection from […]

Read more

Ola Electric to Make EVs, Batteries in Tamil Nadu with Investment of Rs 7,614 Crore

The Tamil Nadu government has issued a statement that electric vehicle manufacturer Ola Electric will be investing Rs 7,614 crore ($920 million) in Tamil Nadu for the production of electric cars and batteries for electric vehicles (EVs). The investment of $920 million from the firm will come through its subsidiaries Ola Electric Technologies and Ola […]

Read more

EV Firm Bounce Continues To Search For A Pathway To Success

Two wheeler EV maker Bounce, which started off in 2019 as a bike rental startup has had a tough run so far. With its bike rental and shared mobility plans repeatedly torpedoed by issues ranging from regulatory to market fit, in Fy 2021, the firm decided to shift to EV manufacturing, adding on Battery Management […]

Read more

EV Scooter Maker Simple Energy Raises $20 Mn in Bridge Round

Electric vehicle and clean energy startup Simple Energy has raised over $20 million in the ongoing bridge round. The fresh fund has come after a gap of 15 months for the Bengaluru-based startup. The bridge round witnessed the participation of investors from Arokiaswamy Velumani, founder of Thyrocare, Ashwin Hinduja of Gokaldas Group, Sanjay & Sandeep […]

Read more

EV Industry Pins Hopes on GST Cuts, Charging Infra, FAME, PLI for Budget 2023

Though at its nascent stage, the EV sector has witnessed colossal growth. 2022, in particular, was a sterling year for it as the sales registers kept ringing as consumers finally began investing their faith in electric vehicles. The sales figures in FY 22 more than tripled when pitted against FY 2021. Major announcements at policy […]

Read more

Hero Electric To Source Battery Management Systems From Maxwell Energy

Hero Electric has announced that it has entered into a long-term partnership with the EV solution provider Maxwell Energy for the procurement of advanced battery management systems (BMS). Under the new partnership, Mumbai-based Maxwell Energy will supply for the coming three years its advanced battery management systems to Hero Electric. As per the announcement, Hero […]

Read more

HOP Electric Launches E-Scooter LEO Priced Below Rs 1 Lac

Leading electric two-wheeler manufacturer, HOP Electric, has launched the a high-speed variant of its best-selling electric scooter, HOP LEO. HOP Electric says that the launch of the new e-scooter further reinforces HOP Electric’s aim to offer cost effective mobility to customers as it is priced below 1 lac. Consumers can purchase this electric two-wheeler at […]

Read more

Hero Electric Revenues Go Past Rs 850 Cr in Fy22

On the back of a 2.8X surge in operating income, Hero Electric has ascended to top position in the electric vehicle ecosystem in terms of revenues during FY22. Okinawa and Ather posted Rs 822 crore and Rs 408 crore topline respectively while Hero Electric generated Rs 841 crore from its operations in FY22 even while […]

Read more

Bengaluru’s SUN Mobility Looks Ahead With Fastest Charging Station in World

Investments in the EV sector are growing by the minute. In 2021, the sector saw investments worth $6 Bn. This number is expected to more than triple to $20 Bn by 2030. Against this backdrop, it’s no surprise that emobility firms are eyeing big projects and chasing gigantic targets. Bengaluru’s SUN Mobility, a leading provider […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll