Electric Vehicles

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Relux Secures ₹2.5 Billion to Expand Hyper EV Charging Stations in South India

Relux Electric, an India-based electric vehicle (EV) charging infrastructure firm, has secured ₹2.5 billion (~$29.93 million) in project financing from a group of real...

May 13, 2024

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Satish Shetty

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Electric Vehicles

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Finance and M&A
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GreenCell Mobility Secures ₹3 Billion for Electric Bus Fleet in Uttar Pradesh

Electric mobility company GreenCell Mobility has secured ₹3.07 billion (~$37 million) in green financing from Japan-based bank Sumitomo Mitsui Banking Corporation (SMBC)...

May 9, 2024

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Staff

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Electric Vehicles
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GEF Invests ₹5.8 Billion in TI Clean Mobility to Develop EV Verticals

TI Clean Mobility (TICMPL), a wholly-owned subsidiary of Tube Investments of India, a Murugappa Group company, has raised ₹5.8 billion (~$69.5 million) in equity and...

May 8, 2024

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Staff

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Electric Vehicles
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Charge Zone Secures $19 Million from BII to Expand EV Charging Infrastructure

Charge Zone, an India-based electric vehicle (EV) charging network firm, has secured a commitment of $19 million from British International Investment (BII), the United...

May 2, 2024

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Staff

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Electric Vehicles
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Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year...

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EV Logistics Firm BluWheelz Raises $1 Million in Bridge Funding

BluWheelz, a tech-enabled logistics firm with an electric vehicle (EV) fleet, received $1 million in a bridge funding round led by Venture Catalysts, an integrated...

April 22, 2024

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Staff

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Electric Vehicles
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AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch

AutoNxt Automation, a Maharashtra-based e-mobility tech startup, has raised funds in a Pre-Series A funding round to finance the launch of its first electric tractor...

April 11, 2024

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Mercom Staff

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Electric Vehicles

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Finance and M&A
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REIL Invites Bids to Set Up EV Charging Stations at Eight Locations in Delhi

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Government of India and the Government of Rajasthan, has issued a tender for the...

April 4, 2024

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Gautamee Hazarika

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Electric Vehicles

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Tenders & Auctions
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Zetwerk Bags Contract to Install 1,400 EV Fast Chargers from Indian Oil

Bengaluru-based Zetwerk, an industrial and consumer infrastructure firm, has won a contract to set up over 1,400 electric vehicle (EV) fast chargers for Indian Oil...

April 1, 2024

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Staff

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Electric Vehicles
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EV Sales Sustain Growth Momentum, Up 40% YoY in Q1 2024

Electric vehicle (EV) sales in India reached a record 486,669 units in the first quarter (Q1) of 2024, a jump of over 40% year-over-year (YoY) against the 347,676...

April 1, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Maharashtra Invites Bids to Set Up 350 EV Charging Stations

Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT), a subsidiary of Mahatma Phule Backward Class Development Corporation (MPBCDCL), has invited...

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CESL Invites Bids for 3,132 Electric Buses Under PM-eBus Sewa Initiative

Convergence Energy Services Limited (CESL) has invited bids to select an operator for the procurement, supply, operation, and maintenance of 3,132 electric buses (e-bus)...

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CESL Invites Bids for Empanelment of EV Charge Point Operators

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has invited bids for the empanelment of electric...

March 18, 2024

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Gautamee Hazarika

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Electric Vehicles

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Tenders & Auctions
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CESL Floats O&M Tender for 31 EV Charging Stations in Noida

Convergence Energy Services Limited (CESL) has invited bids for selecting a managed service partner for the operations, management, maintenance, and security of 31...

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New EV Policy Pushes Global Players to ‘Build in India’

The government, in a bid to promote India as a manufacturing destination for electric vehicles (EVs), is offering international manufacturers a reduced customs duty rate...

March 15, 2024

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Staff

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Electric Vehicles

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