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Bangalore’s Ola Electric Raises $200 M at $5 B Valuation

Ola Electric on Monday said it has raised over $200 million (about Rs 1,490 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at $5 billion. The funding arrives even as the firm has been struggling with production delays and battery issues in the early batches of  e-scooters […]

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IIT Researchers Develop New Tech to Cut EV Charging Costs by Half

Researchers from various IITs have developed a new technology for charging Electric Vehicles which costs about half of the current on-board charger technology and can help to significantly reduce the cost of two-and-four-wheeler EVs. According to the team, the lab scale development has already been done at IIT (BHU) and upgradation and commercialisation was in […]

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When Will The Impact Of Chip Shortages On EV’s End In India?

Semiconductor Chip shortages has become a trouble spot for EV growth in India. A fear that Chip shortages will lead to EV decline in India persists. This come amidst the rising need of the microprocessors with the rise in EV sales in Indian market. Marking 42,067 units, the sales crossed the 40,000 mark in a […]

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Hero Electric, M&M Partner for EV Production, Platform Development

Hero Electric on Wednesday said it has partnered with the Mahindra Group for electric vehicle mobility. As part of the collaboration, Mahindra Group will manufacture Hero Electric’s Optima and NYX electric models at its Pithampur plant. With this partnership along with the expansion of their existing Ludhiana facility, Hero Electric will be able to meet […]

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Delhi Leans On Aggregators, Logistics Firms For Quick EV Gains

The AAP (Aam Aadmi Party) run Delhi state government has now notified a draft “aggregator’s policy”, under which ride aggregators and delivery services will have to mandatorily adopt EVs while procuring new fleet. Just two weeks back, the state transport minister had stuck to a gentle urging to aggregators, hence the move to mandatory shift […]

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Omega Seiki Partners With Korean Firm to Build EV Powertrains in India

Indian EV manufacturer Omega Seiki Mobility and Korean EV powertrain maker JAE SUNG Tech have partnered to produce electric powertrains in India. The all-electric “Ra314 Powertrain” will be their first product and will find its home in the OSM Rage+ in Q1 FY23. As a part of this partnership, the two companies will be forming […]

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EV Mfr Greaves e-Mobility to Launch New Products Post Strong Dec Sales

Major EV manufacturer Greaves Electric Mobility, an arm of Greaves Cotton Ltd, is working on a new set of products, which will include a high-speed electric scooter and an electric three-wheeler cargo vehicle, according to media reports. Two and three-wheelers make about 84 per cent of the Indian last mile mobility segment. With the establishment […]

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IEEE Expert Insights -Tech That Paved the Way For E-Bike Boom

Millions of people across the world bought bicycles during the pandemic. For some, they were merely a means of going from point A to B without having to deal with the big crowds often present inside bus or train stations. For others, they were a form of recreation. While bikes have served us well over […]

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