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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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Ola Electric Set To Launch Its First Electric Car by 2024

Ola Electric has announced last Monday that it is set to launch its first electric car by 2024. The company, which had trouble with deliveries of its electric scooters after making its exact one-year debut into the market, has set an ambitious goal of selling 10 lakh electric cars by 2026–2027. Ola founder and CEO […]

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EV Charging Startup Exponent Raises $13 Million In Series A Round

Exponent Energy, which describes itself as the 15 minute EV rapid charging startup, has raised a $13 million round in its series A from investors, led by Lightspeed capital. The first investment by Lightspeed in the EV space, other investors included YourNest VC, 3one4 Capital & AdvantEdge VC. Exponent will utilize the funds to scale up […]

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Superior Battery Swapping Infrastructure Can Change the Entire EV Ecosystem

This year’s Budget was very important for the EV Industry as the Indian government has introduced a battery swapping policy and created higher standards for the growth of India’s electric vehicle (EV) ecosystem. The battery swapping policy and interoperability standards for electric vehicles (EVs) announced by the government in the Budget aim to address one […]

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Apollo Tyres Launches Electric Vehicle Specific Tyres

Leading tyre manufacturer, Apollo Tyres has announced that it has launched specific tyres for electric vehicles for both passenger vehicles and two-wheelers. The company has introduced Apollo Amperion range of tyres for the PV segment while the Apollo WAV range for the two-wheelers, have been added to the Indian market. Apollo claims that Amperion has […]

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e-Rise Enters Indian Electric Vehicles Market; Produce 30,000 Units A Year

Electric vehicle manufacturer eRise – Drive Electric has announced its entry into the Indian markets. eRise makes long range, high performance electric two-wheelers built specifically for Indian road conditions. It’s the automotive arm of KL Group. eRise intends to launch three low speed electric scooters immediately and two high speed vehicles in the coming 3 […]

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Moto Business Service Forays Into EV With FullFily

Moto Business Service India (MBSI), a leasing firm of Yamaha Motors, has announced its decision to enter into a partnership with Chennai-based FullFily, marking its foray into electric two and three-wheelers asset management services. The terms and conditions of the proposed partnership devolves upon Moto Business Service India (MBSI) the responsibility to manage electric two […]

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eBikeGo To Establish Manufacturing Plant For Domestic, Global Market

The electric two-wheeler mobility platform eBikeGo has announced its plans to expand footprint beyond the shores. Popular brands like Muvi and Velocipedo of eBikeGo will make their presence felt in a new market outside of India when the new manufacturing plant begins to produce electric bikes through subsidiary arm, Vajram Electric. Not just powertrain, but […]

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