Electric Vehicles

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Clean Mobility Startup Vecmocon Raises $18 Million in Series A Funding

New Delhi-based sustainability and clean mobility startup Vecmocon has raised $18 million (~₹1.54 billion) in a Series A funding round from Ecosystem Integrity Fund,...

June 10, 2025

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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Heavy Industries Ministry Issues Guidelines for Electric Car Manufacturing

The Ministry of Heavy Industries (MHI) has issued guidelines for its ‘Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).’ The program aims to...

June 2, 2025

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Tina Freese

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Electric Vehicles

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Market & Policy
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Maharashtra Targets 30% EV Adoption by 2030, Announces Purchase Sops

The Maharashtra state government has announced a range of incentives across categories for the purchase of electric vehicles (EVs) under the Maharashtra Electric Vehicle...

May 27, 2025

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Melvin Mathew

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Electric Vehicles

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Grid

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Market & Policy
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US Sets Preliminary Countervailing Duties on Chinese Active Anode Material

The U.S. Department of Commerce (Commerce) has determined preliminary countervailing duties of up to 721% on imports of active anode material from China, which is...

May 26, 2025

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Melvin Mathew

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Electric Vehicles

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Grid

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Market & Policy
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Kerala Updates Solar Hour Tariffs for EV Charging Stations

The Kerala State Electricity Regulatory Commission (KSERC) has approved a time-of-day tariff for electric vehicle (EV) charging stations during solar hours, from 9 AM to...

May 20, 2025

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Tina Freese

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Electric Vehicles

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Market & Policy
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Ather Energy’s ₹31 Billion IPO Oversubscribed By 1.43 Times

Electric two-wheeler company Ather Energy’s ₹31 billion (~$363.92 million) initial public offering (IPO) was oversubscribed 1.43 times at the end of the bidding window...

April 30, 2025

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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Local Manufacturing Mandate for EV Parts May Cause Short-term Supply Gaps, Price Rise

The electric vehicle (EV) industry is bracing for a short-term price surge, as the Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement...

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Electric Vehicle Sales Clock 3% YoY Growth in Q1 2025

Electric vehicle (EV) sales in India reached 514,198 units in the first quarter (Q1) of 2025, an increase of over 3% year-over-year (YoY) against the 499,930...

April 1, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Shriram Finance Secures $150 Million from ADB for EV Financing

Non-banking financial services company Shriram Finance has secured a $150 million loan from the Asian Development Bank (ADB) to enhance access to finance for electric...

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Hero MotoCorp Acquires 32.5% Stake in Euler Motors for ₹5.25 Billion

Hero MotoCorp has announced an investment of ₹5.25 billion (~$61.06 million) in Euler Motors to expand into the electric three-wheeler market. The investment will be...

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MHI Mandates 100% DCR Requirement for 18 EV Components Under PM E-Drive

The Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement (DCR) for 18 electric vehicle (EV) components under the two-wheeler,...

March 5, 2025

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Melvin Mathew

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Electric Vehicles

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Grid

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Market & Policy
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Madhya Pradesh Targets Meeting 50% of Power Needs from Renewables by 2030

The Madhya Pradesh government’s New and Renewable Energy Department has issued the Madhya Pradesh Renewable Energy Policy 2025, targeting 50% of annual power consumption...

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Karnataka’s Clean Mobility Policy 2025-30 Targets ₹500 Billion Investment

The Government of Karnataka has introduced its Clean Mobility Policy 2025-30, targeting ₹500 billion (~$5.755 billion) investments across the clean mobility value chain...

February 18, 2025

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Staff

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Electric Vehicles

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Market & Policy
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EV Battery Firm The Energy Company Raises $2 Million in Pre-Series A Funding

Bengaluru-based electric vehicle (EV) battery solutions provider, The Energy Company has secured $2 million (~₹173.8 million) in a pre-Series A funding round. Siana...

February 12, 2025

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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Madhya Pradesh’s Draft EV Policy Proposes ₹50,000 Subsidy for Four-Wheelers

The Madhya Pradesh government has announced a maximum state subsidy of ₹50,000 (~$570.99) per four-wheeler electric vehicle in Draft Madhya Pradesh Electric Vehicle (EV)...

February 11, 2025

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Melvin Mathew

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Electric Vehicles

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Grid

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Market & Policy

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