SUBSCRIBE NEWS LETTER

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Ather Energy Raises Rs 84 Crore From Hero in Series C Extension

EV startup Ather Energy has said it has raised Rs 84 crore from the country’s largest two-wheeler maker Hero MotoCorp as an extension of series C round. Electric vehicle startup Ather Energy has said it has raised Rs 84 crore from the country’s largest two-wheeler maker Hero MotoCorp as an extension of series C round. […]

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EV Industry a Rs 500 Billion Opportunity in India by 2025: Avendus

In a new report by Avendus Capital, the firm predicts that the EV industry in India could represent a Rs 500 billion opportunity by 2025. In a new report by Avendus Capital, the firm predicts that with the present and projected level of EV penetration in the country, the electric vehicle (EV) industry in India […]

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FICCI Makes the Case for Extending FAME-II by 2 Years

FICCI has recommended various measures, including the continuation of the FAME-II scheme till 2025, to enhance the demand for electric vehicles in the country. The Federation of Indian Chambers of Commerce & Industry (FICCI) has recommended various measures, including the continuation of the FAME-II scheme till 2025, to enhance demand for electric vehicles in the country. The […]

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IndianOil in Partnership with SUN Mobility Opens EV Battery Swapping Facility at its Retail Outlet in Chandigarh

Oil major Indian Oil Corporation (IndianOil) has opened its battery-swapping station for electric vehicles (EVs) at its retail outlet in Chandigarh in partnership with SUN Mobility. Bengaluru-based SUN Mobility is a joint venture (JV) between Maini Group and SUN Group–co-founded by Chetan Maini, founder of India’s first electric car, Reva and Uday Khemka, Vice Chairman […]

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MNRE to Form Project Development Cell for Attracting Investments in India

MNRE is constituting its own Project Development Cell (PDC) for attracting investments in India, by the development of investible projects in the country The Ministry of New and Renewable Energy (MNRE) has announced that the Central Government has approved the setting up of an Empowered Group of Secretaries (EGoS) and Project Development Cell (PDC) in […]

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EVs Grab a Bigger Chunk in Shrinking Passenger Cars Market: IEA

While in 2019, the global sales of passenger vehicles tanked, EVs had another banner year recording a 40 percent YoY growth in sales. The global electric vehicle (EV) fleet expanded significantly over the last decade, underpinned by supportive policies and technology advances. And while in 2019, the global sales of passenger vehicles tanked, electric vehicles […]

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Leading Electrical Equipment Firm RR Global Enters EV Segment

RR Global has announced its entry into the EV segment with the proposed launch of two electric scooter models under the firms’ new venture in ‘BGAUSS’. RR Global India, a leading electrical equipment company has announced its entry into the electric vehicle (EV) segment with the proposed launch of two electric scooter models under the […]

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Ola Electric Acquires Amsterdam-Based Etergo; Aims to Launch e-Scooter in 2021

Indian ride-hailing firm Ola’s e-mobility arm, Ola Electric, on Wednesday said that it has acquired Amsterdam-based Etergo BV, an innovative electric scooter original equipment manufacturer (OEM). However, the company didn’t disclose the amount of acquisition. With this acquisition, the company has also announced its foray into the premium electric two-wheeler market, both globally and nationally.  […]

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EV Sales to Fall 18% in 2020, Long Term Prospects Unharmed: BNEF

Sales of electric vehicles (EV) are forecast to fall 18% in 2020, to 1.7 million worldwide – with the pandemic interrupting 10 successive years of strong growth. Sales of electric passenger vehicles (EV) are forecast to fall 18 percent in 2020, to 1.7 million worldwide – with the coronavirus crisis interrupting ten successive years of […]

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