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EV Connect Secures $12 mn in Funding Led by Japan’s Mitsui

EV Connect, which has developed cloud-based solutions to expand the world’s EV charging ecosystem, has secured USD 12 million in funding led by Mitsui EV Connect has announced that it has closed a USD 12 million Series B funding round. Lead investors, Mitsui and Ecosystem Integrity Fund, are joined by other venture investors to support […]

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European Utilities, Strategic Vendors Dominate EV Charging M&A Activity

Strategic vendors and European utilities were responsible for over 80 percent of EV charging M&A activity from 2010 through H1 2019 A new report has revealed that strategic vendors – companies that offer products or services in the EV market – and European utilities were responsible for over 80 percent of electric vehicle (EV) charging […]

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Himachal Sign Pacts Worth 1000 Cr to Set up 250 MW of Solar Projects

Himachal Pradesh has signed two pacts for setting up of two solar power plants worth 250 MW with an outlay of Rs 1,000 crore. Himachal Pradesh on September 3, 2019, signed two pacts for setting up two solar power plants worth 250 MW with an outlay of Rs 1,000 crore. The first pact with an estimated outlay […]

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8 Key Points From KUSUM Scheme Implementation Guidelines

MNRE has issued guidelines for the implementation of the Rs 34,422 crore KUSUM Scheme The Ministry of New and Renewable Energy (MNRE) has issued guidelines for the implementation of the Rs 34,422 crore Pradhan Mantri Kisan Urja Suraksha evam Uthan Mahabhiyan (KUSUM) Scheme, that aims to provide both financial security and more sustainable water access […]

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SJVN and BHEL Sign MoU for Solar Power Projects

SJVN has entered into an MoU with BHEL for development of solar power projects in India. SJVN Ltd. has announced that it has entered into a Memorandum of Understanding (MoU) with Bharat Heavy Electrical Ltd (BHEL) for development of solar power projects in India.  The MoU aims at building a strategic partnership between the parties […]

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The Big Moves in Budget 2019

Less than an hour after Finance Minister Nirmala Sitharaman’s first budget speech, it appears that it is not a bad budget at all for the renewables and EVs. Less than an hour after Finance Minister Nirmala Sitharaman’s first budget speech, it appears that it is not a bad budget at all for the renewables and […]

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NTPC Issues Corrigendum for 1200 MW Solar Tender Issued Last Year

NTPC has issued a corrigendum for the IFB it issued last year for the selection of SPDs for 1200 MW solar projects to be set up under Open Category. State-owned power utility NTPC Ltd. has issued its first corrigendum for the Invitation for Bids (IFB) it had issued last year for the selection of solar […]

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As India’s States Pivot to Electric Buses, Challenges Surface

In just the past two months, announcements have been made for over 2000 electric buses from states across India, be it Delhi, Kashmir, Maharashtra or Punjab. It is important that local state transport authorities realise that an electric bus purchase is much more than just buying a bus that runs on electricity. Earlier this week, […]

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Revolt Intellicast Unveils India’s First AI-Powered Electric Bike ‘RV 400’

Gurgaon-based startup Revolt Intellicast has unveiled its new Revolt RV 400 AI enabled electric motorcycle in India. The electric bike is India’s first motorcycle to come powered by Artificial Intelligence and can be controlled by an app and Bluetooth connectivity. The Revolt RV 400 will be available for pre-order on June 26 from the company […]

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