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MAHAPREIT Invites Bids To Set Up 350 EV Charging Stations

Maharashtra’s Public Sector Undertaking (PSU) Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) and a subsidiary of MPBCDC invited e-Tender to set up EV Charging stations. The tender invited an open e-tender through an online submission under Part I (Technical Bid) on behalf of MAHAPREIT, Mumbai for the empanelment of agencies to set up […]

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RMI Releases Report On Mitigating Financial Risks In EV Lending

The RMI released a report that sheds light on the challenges encountered in extending loans for internal combustion engine (ICE) two- and three-wheelers due to the prevalence of new-to-credit (NTC) borrowers. The report emphasizes mitigating risks in lending for the acceleration of electric vehicle (EV) adoption and provides an in-depth analysis of the financial landscape […]

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Revfin Inks Deal With Sun Mobility For EV Financing

Electric Vehicle maker SUN Mobility and Revfin have collaborated to offering innovative financing solutions for fleet and passenger vehicles utilizing SUN Mobility’s Battery-as-a-Service (BaaS) model. Revfin will finance two-wheelers for fleet business and three-wheelers for cargo and passenger vehicle segments. SUN Mobility also plans to deploy almost 100k of these vehicles under the BaaS model, […]

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E-2W, 3W To Witness Increase Uptake Despite FAME-II Subsidy Reduction: ICRA

India-based investment information and credit rating agency (ICRA) estimated a surge in Indian electric two-wheeler e-2w, and e-3w three-wheeler (excluding e-rickshaws) penetration levels can reach 6-8% and 14-16% respectively in FY2025. The company opined that the government Electric Mobility Promotion Scheme 2024 is a timely move to support the adoption of electric vehicles (EV) in […]

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Okaya EV Chargers Gets HPCL Order For 600 EV Chargers

Okaya EV Chargers has announced that it has secured an order for 600 EV chargers from Hindustan Petroleum Corporation Limited (HPCL). The order includes the installation of 60KW CCS2 Dual Gun and 120KW CCS2 Dual Gun chargers at various locations across India, stated the press release by the company. The company Okaya EV said, “These […]

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Greaves Finance, Muthoot Capital Sign Co-Lending Deal To Finance EVs

Greaves Finance Limited an ev-focused lending platform partnered with Muthoot Capital Services Limited (MCSL) a non-banking financial company (NBFCs) to enter a co-lending arrangement. This arrangement has been made to increase the availability of electric two-wheeler financing solutions across India. Greaves Finance Limited is a non-banking financial company (NBFC) and a wholly owned subsidiary of […]

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Centre Extends FAME-II Scheme For EVs: Report

The Centre has decided to extend the FAME-II scheme (Faster Adoption and Manufacturing Electric Vehicles) for EV manufacturing and to boost faster adoption of EVs in the country. Earlier, the scheme was slated to end by March 31, 2024. According to media reports, the government has extended the scheme not to let any disruption affect […]

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Jindal Steel, Power Deploy 10 E-Buses, 27 E- SUVs At Angul In Odisha

Jindal Steel & Power Ltd today announced the deployment of 10 electric buses and 27 electric SUVs at its Angul unit in Odisha, India. This initiative is in sync with JSPL’s commitment to environmental sustainability and decarbonization efforts. Naveen Jindal, Chairman of Jindal Steel & Power, flagged off the electric vehicles, reiterating JSP’s unwavering commitment […]

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Global Solar Installations Could Touch 574 GW In 2024, Predicts BloombergNEF

The latest report by energy think tank BloombergNEF forecasts that there could be solar installations of capacity as high as 574 GW this year. The new global PV outlook report says the new installations hit 444 GW in 2023 instead of having peaked at 413 GW as was predicted earlier by BloombergNEF. The research further […]

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