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PE Investments in Electrical Vehicles Could Reach $1 Billion in 2022

As consumers see new policy measures and the rising price of fossil fuels pushing the adoption of green mobility, experts predict that private equity investments (PE Investments) in India’s electrical vehicle (EV) market could top $1 billion this year. During the nine months leading up to the end of September, investors invested $904 million through […]

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Revfin Raises $10 Mn from Green Frontier Capital to Expand EV Financing

Revfin, a Delhi-based EV finance platform for individual drivers, announced that its Series A round of fundraising, totaling $ 10 million in stock and debt, has been closed. In addition to participation from current investors, the funding round was led by Green Frontier Capital (GFC), India’s first-ever venture capital fund that specialises in climate investments […]

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Rising EV: The State Of EV Sector In India

India is riding fast toward its goal of carbon neutrality by the year 2070. Naturally, the transportation sector, one of the biggest polluters, has to be brought under green cover if the nation wants to reduce the emissions intensity of its GDP by 45 per cent by 2030 – a medium-term goal. The electric vehicle […]

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Bangalore’s EV Manufacturer Altigreen Enters Maharashtra

Altigreen, the Bangalore-based manufacturer of three-wheeler electric vehicles, just opened its first-ever retail experience center in Mumbai. According to the company, this is the sixth retail dealership they have opened in India this month.  Altigreen made the decision to partner with Jubilant Motorworks for this project. Jubilant Motorworks, which has locations in the states of […]

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UP Govt Announces Range of Incentives for EVs and Batteries Manufacturing

Uttar Pradesh doesn’t just want to be a consumption state anymore, but a producer also, especially when  it comes to industry.  The state government, in an announcement on a range of incentives to encourage EV and battery manufacturers to consider the state for plants, has announced that the  first two integrated EV and ultra-mega battery […]

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ACC & ProLogium Partner to Accelerate Solid-State Battery Development

To step-up cooperation in the development of electric vehicle (EV) solid-state battery, Automotive Cells Company (ACC) and ProLogium Technology have announced the signing of a Memorandum of Understanding (MOU). The official statement held that under the agreement, ACC and ProLogium will focus their joint efforts on the collaboration for the development solid-state EV battery development. […]

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WBSEDCL Floats Tender 205 EV Charging, Battery Swapping Stations

A public-private partnership (PPP) is being sought by the West Bengal State Electricity Distribution Company Ltd. (WBSEDCL) to build EV charging stations to increase e-mobility in the region, an official announced recently. According to him, 205 charging or battery-swapping stations for various car types are being built by the state-run utility, which is looking for […]

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Battery-Swapping Firm Chargeup Hosts EV Mela in Delhi

Recently in Delhi, battery-swapping company Chargeup held its first-ever EV Mela in Uttam Nagar, West Delhi. NBFCs, EV OEMs, e-commerce and food commerce businesses like Hero Electric, Lohia Auto, Shema Electric, GEM, PaisaLo, Zomato, Blinkit, Vahan, Rapido, and Uber were among the stakeholders that gathered at the special event. This was the first time a […]

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