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Examining the Biggest Polluters: Report Card of Transportation Industry

The transportation sector is essential for economic growth, creating jobs, and connecting people to critical services. The industry is also growing rapidly and will retain this trend for a long time. Yet, what’s concerning about the growth of the transportation sector is that it is also one of the biggest polluters. The industry shares a […]

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EV Startup Yulu Secures $82 Mn in Series B Round

Bengaluru’s electric mobility startup Yulu has secured $82 million in equity funding, which was led by USA’s Magna International in a Series B funding round. The  funding round saw participation from investors, which also included Bajaj Auto Limited. Notably, Yulu boasts of a strategic partnership with Bajaj Auto and the two companies have been working […]

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Magenta Mobility Partners with Flipkart for Debut in Delhi Market

The last-mile transportation provider in India, Flipkart, has announced a partnership with Magenta Mobility, a company located in Karnataka that offers electric mobility solutions. Through this partnership, Magenta Mobility will officially enter Delhi-NCR and add over 400 electric cargo cars to the Flipkart fleet there. This fleet deployment goes above and beyond what Magenta currently […]

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World EV Day: EV Market Closing Gap With ICE Vehicle Market

It is that time – September 9, World EV Day. The day is marked as a significant event for the world that looks towards a future of clean transport. World EV Day is a global movement, a day of celebration of e-mobility, and a day to shift the transition to sustainable transport with consumer, business […]

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New Financing Association Forms Platform for FIIs that Finance EVs

A group of financiers that are actively financing electric vehicles have joined hands to launch an association, Electric Mobility Financiers Association of India (EMFAI). EMFAI will prove to be a common platform for all the financial institutions involved in financing electric vehicles and other products as well as services relevant to the ecosystem. The association […]

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Neuron Energy & EVTRIC Motors Join Hands for Battery Solutions

Pune-based EV producer EVTRIC Motors and Mumbai-based battery manufacturer Neuron Energy have announced their alliance. According to the agreement, Neuron Energy would supply 12000 battery packs annually through this alliance, earning around Rs. 50 crores in income. This long-term, strategic partnership will be able to satisfy all of EVTRIC Motors’ battery pack requirements. EVTRIC will […]

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HOP Electric Mobility Launches Electric Bike HOP OXO

India’s leading electric two-wheeler manufacturer, HOP Electric Mobility, has launched its highly-anticipated electric bike, HOP OXO. Revolutionising the hitherto EV ecosystem, HOP Electric says it aims to cater to the needs of conscious customers who are trying to make sustainable choices. HOP OXO starts at 1.25 lakhs. Consumers can purchase this electric two-wheeler at their nearest […]

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Taiwan’s ProLogium to Build Solid-State Battery Gigafactory in Europe

Taiwan-based solid-state batteries manufacturer ProLogium has appointed Accuracy – an independent financial and strategic consulting firm – to advise on the location of its first major Gigawatt-hour (GWh) battery factory in Europe and to work with its international development team. The official statement of ProLogium states that the investment in the new factory will total […]

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Kinetic Engineering To Establish a $250 Million Electric Vehicle Subsidiary

Kinetic Engineering (KEL), the Kinetic Group’s flagship company, has announced the formation of a subsidiary company focused on the electric vehicle (EV) segment. The subsidiary will have an authorized capital of up to $250 million, and the company will own more than 51% of it. KEL would use its strong technical knowledge and vast manufacturing […]

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