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Lord’s Automative Pvt. Ltd., a subsidiary of Lord’s Mark Industries that delves in electric 2W and 3W, has announced its partnership with GarageWorks, a firm that looks into doorstep two-wheeler and three-wheelers after-sales services, to provide after-sales doorstep support to the customers for all EV service requirements. The strategic alliance builds on Lords Automative’s electric […]
Why Tesla Power USA invested in India. How much potential do you see here? Tesla Power USA is a United States (US)-based entity. It has invested heavily in battery rejuvenation technology. The company was launched in India in September 2021. Globally, it operates in 18 countries. It includes four countries in Latin America, seven in […]
Magenta Mobility, a provider of electric mobility and EV charging solutions has secured debt financing for about 350 EVs under the Green Finance Scheme by the Small Industries Development Bank of India (SIDBI). The loan received from SIDBI will help to scale up deployment of Cargo Electric Vehicles for last mile deliveries across Delhi-NCR region. […]
St Joseph Service Centre has become the first Bharat Petroleum Corporation Limited (BPCL) petrol pump in Mangaluru to introduce an electric vehicle charging machine. The EV charging machine was inaugurated by Territory Manager BPCL, MCI (Retail) Amol Bhosale today. Amol Bhosale addressed the gathering, “Electric charging is the new alternative for fuel in the market. […]
In a sign of things to come across more and more states in India, the sale of power for electric vehicles in the state has increased by 216% in ten months — from 4.56 million units in September 2022 to 14.44 million units in July 2023, Chairman and Managing Director of Maharashtra State Electricity Distribution […]
Market leader Ola Electric has finally filed its Fy22 numbers a year behind schedule. And the numbers don’t make for pleasant reading, if you are an accountant. However, with it’s leadership in the 2 wheeler segment well entrenched for now, the firm will be expected to report a stronger set of numbers for FY23, as […]
Eicher Trucks and Buses has joined hands with Amazon for the electrification of Amazon’s delivery network’s middle-mile and last-mile segments. 1,000 zero-emission electric trucks over the next five years will be introduced. Amazon will deploy 50 Eicher EVs (electric vehicles) all over the significant hubs, which will encompass Delhi, Manesar, and Gurugram. Eicher’s electric trucks […]
Mufin Green Finance, an electric vehicle (EV) financing company, secured funding of INR 80,000,000 from the UK-registered charity, Shell Foundation. The collaboration aims to establish a joint de-risking pool valued at $2 million, known as First Loan Default Guarantee (FLDG), to catalyze commercial debt. This strategic move is expected to enable Mufin Green Finance to […]
The ongoing controversy over the misuse of the Union government’s FAME-II scheme recently reached the corridors of the Indian Parliament. The development comes after the Union government was recently forced to take action against the errant Electric Vehicle (EV) manufacturers who allegedly flouted the scheme norms to claim subsidy. In the latest Monsoon Session of […]
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