Electric Vehicles

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Tesla’s Energy Storage Revenue Doubles, but Q2 Profit Falls 45%

U.S.-based electric vehicle and clean energy company Tesla‘s revenue for the second quarter (Q2) of the financial year (FY) 2024 rose 2% year-over-year (YoY) to...

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Ride-Hailing Firm MyPickup Secures ₹15 Million in Seed Funding

Electric vehicle (EV) ride-hailing startup MyPickup raised ₹15 million (~$179,293) in seed funding led by Inflection Point Ventures (IPV). MyPickup plans to use the...

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BluSmart Raises ₹2 Billion to Expand EV Charging Network

Electric vehicle (EV) ride-hailing service and charging network firm BluSmart has raised ₹2 billion ($24 million) in a pre-series B funding round. Along with existing...

July 16, 2024

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Staff

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Electric Vehicles
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New Charging Infrastructure Guidelines Aim at Faster Adoption of EVs

The Ministry of Power (MOP) has released draft guidelines for electric vehicle (EV) charging infrastructure, aiming to accelerate the adoption of EVs and create a robust...

July 11, 2024

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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BIS Launches New Standards to Enhance Safety and Quality of EVs

The Bureau of Indian Standards (BIS) has unveiled two standards, IS 18590: 2024 and IS 18606: 2024, aiming to enhance the safety of electric vehicles (EV) across various...

June 25, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Amara Raja Invests €20 Million in InoBat, Ups Stake by 4.5%

Battery manufacturer Amara Raja Energy & Mobility has invested an additional €20 million (~$21.4 million) in electric vehicle (EV) battery firm InoBat, Norway, for a...

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EU Slaps Additional Duties of Up to 38.1% on Chinese EVs

The European Commission has announced it will impose additional tariffs of up to 38.1% on Chinese Battery Electric Vehicles (BEV) from July on grounds that they were...

June 17, 2024

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B.S. Nagaraj

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Electric Vehicles
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Hero MotoCorp Increases Stake in EV Firm Ather by 2.2%

Hero MotoCorp has increased its stake in electric mobility firm Ather Energy by 2.2% by purchasing shares worth ₹1.24 billion (~$14.85 million). The indicative period...

June 11, 2024

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Staff

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Electric Vehicles
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EV Firm Euler Secures ₹2 Billion in Series C Funding Round

Electric vehicle (EV) company Euler Motors has closed its Series C funding round, securing ₹2 billion (~$23.9 million) and taking the total funding raised so far to ₹5.7...

May 30, 2024

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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Zypp Bags $15 Million to Expand EV Fleet Across 15 Cities in India

Zypp Electric, an electric vehicle (EV)-as-a-service platform, has raised $15 million in its Series C funding round, allowing the company to expand its fleet from 21,000...

May 28, 2024

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Staff

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Electric Vehicles
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Copper Shortfall Threatens Green Energy Transition, Warns Report

Copper mining may be unable to keep pace with soaring demand for the metal that anchors the transition to electric vehicles and renewable energy sources, warns a report...

May 21, 2024

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Arshreet Singh

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Electric Vehicles

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Renewable Energy
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Mahindra & Mahindra Commits ₹120 Billion to EV Expansion by FY 2027

Automobile manufacturer Mahindra & Mahindra plans to invest ₹120 billion (~$1.43 billion) in its electric vehicle (EV) unit, Mahindra Electric Automobile (MEAL),...

May 17, 2024

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Arjun Joshi

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Electric Vehicles

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Finance and M&A
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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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Arshreet Singh

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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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