Tender Issued to set up 80 Electric Vehicle Chargers Across India

Tender Issued to set up 80 Electric Vehicle Chargers Across India

Convergence Energy Services (CESL), a wholly-owned subsidiary of Energy Efficiency Services (EESL), has invited bids to select vendors for location survey, planning, design, engineering, supply, installation, testing, and commissioning of ...
iVOOMi to Invest ₹2 Billion in Electric Two-Wheeler Manufacturing

iVOOMi to Invest ₹2 Billion in Electric Two-Wheeler Manufacturing

Electric two-wheeler maker iVOOMi Energy has announced an investment of  ₹2 billion (~$25 million) in electric two-wheeler manufacturing and related research and development. The manufacturing facility will come up in ...
US Announces $96 Million Funding to Expand EV Charging Access

US Announces $96 Million Funding to Expand EV Charging Access

To help the decarbonization of the domestic transportation sector, the U.S. Department of Energy (DOE) has announced a funding of $96 million to expand electric vehicle (EV) charging accessibility and ...
Bounce Infinity Launches its Electric Two-Wheelers on Flipkart

Bounce Infinity Launches its Electric Two-Wheelers on Flipkart

Bounce Infinity, the electric vehicle (EV) manufacturing arm of Bounce announced the launch of electric two-wheelers on the e-commerce marketplace Flipkart. This is a joint effort to offer a seamless ...
Haryana to Procure 150 MW of Renewable Power with Assured Peak Power Supply

Haryana to Procure 150 MW of Renewable Power with Assured Peak Power Supply

The Haryana Electricity Regulatory Commission (HERC) recently allowed  Haryana Power Purchase Center (HPPC) to procure 150 MW of renewable power with a guaranteed peak power supply from the Solar Energy ...
Tesla Financial results

Tesla’s Revenue Up by 42% YoY to $16.93 Billion in Q2 2022

Tesla registered a revenue of $16.93 billion in the first quarter of 2022, an increase of 42% year-over-year (YoY) compared to $11.96 billion during the same period last year. In ...
Hybrid Projects Can Ensure Higher Grid Stability and Solve Intermittency Issues

Hybrid Projects Can Ensure Higher Grid Stability and Solve Intermittency Issues

The intermittent nature of standalone wind and solar power sources has made wind-solar hybrid projects more attractive as they provide a longer-duration power supply and maximize resources. The renewable industry ...
/ / Grid, Market & Policy
Ola to Set up $500 Million Battery Innovation Center in Bangalore

Ola to Set up $500 Million Battery Innovation Center in Bengaluru

Bengaluru-based electric vehicle (EV) manufacturer Ola Electric announced that it will invest $500 million in setting up a state-of-the-art Battery Innovation Center (BIC) in Bengaluru. According to the company, the ...
Global Demand for EV Batteries to Rise to 3,500 GWh by 2030 IEA

Global Demand for EV Batteries to Rise to 3,500 GWh by 2030: IEA

Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030. The findings were published in the International Energy Agency’s (IEA) report, ...
Solar EPC Company Gensol to Acquire Majority Stake in US-based EV Startup

Solar EPC Company Gensol to Acquire Majority Stake in US-based EV Startup

Solar engineering, procurement, and construction (EPC) company Gensol signed a term sheet to acquire a majority stake in a U.S.-based electric vehicle (EV) manufacturing startup. Through the deal, Gensol is ...
British International Investment Announces $250 Million for Mahindra's EV Venture

British International Investment Announces $250 Million for Mahindra’s EV Venture

British International Investment (formerly CDC Group), a U.K. government-owned development finance institution, will invest up to $250 million in a new passenger electric vehicle (EV) venture to be launched by ...
Transport Aggregators in Delhi Must Transition to All-Electric Fleets by April 1, 2030

Transport Aggregators in Delhi Must Transition to All-Electric Fleets by April 1, 2030

Delhi's Transport Department has ordered all ride-hailing and delivery aggregators in the National Capital Territory to switch their entire fleet to electric by April 1, 2030. According to the notification, ...
EV Logistics Platform EVIFY Raises $100,000 in a Seed Funding Round

EV Logistics Platform EVIFY Raises $100,000 in a Seed Funding Round

Surat-based Electric Vehicle (EV) startup, EVIFY Logitech, has raised $100,000 in a seed round from angel investors, including We Founder Circle. The company provides a technology-enabled EV logistics platform and ...
Electric Vehicle Sales Up by 333% YoY In the First Half of 2022

Electric Vehicle Sales Up by 333% YoY In the First Half of 2022

Retail sales of electric vehicles (EVs) clocked 390,399 units in the first half (1H) of the calendar year 2022. This represents a 333% year-over-year (YoY) growth compared to the 90,102 ...
DISCOM Dues to Renewable Generators Decline Marginally to ₹200.37 Billion in June

DISCOM Dues to Renewable Generators Decline Marginally to ₹200.37 Billion in June

Distribution companies (DISCOMs) owed renewable generators ₹200.37 billion (~$2.55 billion) in overdue payments (excluding disputed amounts) at the end of June, according to the data released by the Ministry of Power ...
Bangladesh and World Bank Sign a $515 Million Loan Agreement for Rural Electrification

Bangladesh and World Bank Sign a $515 Million Loan Agreement for Rural Electrification

The Bangladesh government and the World Bank have signed a $515 million financing agreement for the country's Electricity Distribution Modernization Program that will support the digitization and modernization of 25 ...
Tech Startup Turno Raises $3.1 Million to Enhance EV Battery Life Cycle

Tech Startup Turno Raises $3.1 Million to Enhance EV Battery Life Cycle

Turno, a startup providing technology-based solutions for commercial electric vehicle (EV) buyers, has raised $3.1 million in an equity funding round led by Stellaris Venture Partners and Avaana Capital. The ...
Tamil Nadu Secretariat to Install a 100 kW Solar-Powered EV Charging Station

Tamil Nadu Secretariat to Install a 100 kW Solar-Powered EV Charging Station

The Tamil Nadu Energy Development Agency (TEDA), the state agency for augmenting renewable energy, is setting up a 100 kW solar-powered electric vehicle (EV) charging station at the Tamil Nadu ...
Demand Incentives Key for Greater Adoption of Electric Two-Wheelers: NITI Aayog

Demand Incentives Key for Greater Adoption of Electric Two-Wheelers: NITI Aayog

Electric two-wheelers sales could touch 22.02 million in financial year (FY) 2031 if battery costs reduce by 8% CAGR, vehicle power increases by 20% by FY 2024, and demand incentives ...
CERC Approves Methodology for Price Discovery on Hindustan Power Exchange

CERC Approves Methodology for Price Discovery on Hindustan Power Exchange

The Central Electricity Regulatory Commission (CERC) recently directed the Hindustan Power Exchange to use the ‘Uniform Price Step Auction’ as a matching methodology for price discovery in daily and weekly ...
/ / Grid, Market & Policy
Haryana Announces a Slew of Financial Incentives for EV Manufacturers

Haryana Announces a Slew of Financial Incentives for EV Manufacturers

The Haryana government has issued the State Electric Vehicle (EV) Policy, 2022, to promote clean transportation and create an ecosystem for manufacturing EV components in the state. The policy aims ...
BIS Outlines Performance Standards for EV Batteries Amid Multiple Reports of EV Fires

BIS Outlines Performance Standards for EV Batteries Amid Multiple Reports of EV Fires

The Bureau of Indian Standards (BIS) has issued performance standards for electric vehicle (EV) batteries to ensure the safety of the consumers amidst the report of EV fires across the ...
Battery Smart Raises $25 Million in Funding to Expand its Battery-Swapping Network

Battery Smart Raises $25 Million in Funding to Expand its Battery-Swapping Network

Gurugram-based Battery Smart, a battery-swapping network for electric two and three-wheelers, announced the closing of a Series A round funding of $25 million led by Tiger Global. The company plans ...
Mecwin to Invest ₹500 Million in EV Components Manufacturing Plant in Karnataka

Mecwin to Invest ₹500 Million in EV Components Manufacturing Plant in Karnataka

Electric vehicle (EV) startup Mecwin India will invest ₹500 million (~$6.38 million) to set up a manufacturing plant for EV motors and controllers in Karnataka. The manufacturing facility for indigenous ...
Rajasthan Electronics Invites Bids to Install 409 EV Chargers Across Nine Cities

Rajasthan Electronics Invites Bids to Install 409 EV Chargers Across Nine Cities

Rajasthan Electronics and Instruments (REIL) has invited bids for the survey, planning, supply, installation, and commissioning of 409 electric vehicle (EV) chargers in nine cities and across three national highways ...