Electric Vehicles

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Electric Vehicle Sales Drop 11% YoY in Q3 2024 with 332,730 Units

Electric vehicle (EV) sales in India reached 332,730 units in the third quarter (Q3) of 2024, a decline of over 11% year-over-year (YoY) against the 372,387...

October 7, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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EV Mobility Company Zevo Raises $2 Million in Pre-series A Funding Round

Electric vehicle (EV) logistics mobility platform Zevo has raised $2 million in a pre-series A funding round. Pegasus India Fund, BizDateUp, JIIF, and a family office...

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Ministry Of Power Releases EV Charging Infrastructure Guidelines

The Ministry of Power has released the guidelines for installing and operating electric vehicle chargers. According to the guidelines, any entity can establish a...

September 20, 2024

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Staff

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Electric Vehicles

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Renewable Energy
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US Tariff Increases on Solar, EV Imports from China to Start September 27, 2024

Four months after announcing stiff tariff hikes on imports of solar cells, electric vehicles (EV), batteries, and critical minerals originating from China, the U.S. has...

September 18, 2024

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B.S. Nagaraj

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Electric Vehicles

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Markets & Policy

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Solar
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Samvardhana Motherson Acquires 11% Stake in Israel’s REE Automotive

Automotive component manufacturer Samvardhana Motherson International (SAMIL), through its wholly-owned subsidiary MSSL Consolidated, is acquiring up to 3.64 million...

September 17, 2024

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Staff

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Electric Vehicles

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Finance and M&A
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Cabinet Approves ₹109 Billion PM E-DRIVE Program to Boost Electric Mobility

The Union Cabinet has approved the ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Program,’ and the ‘PM-eBus Sewa-Payment...

September 12, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Electric Two-Wheeler Firm Ather Energy Files IPO to Raise ₹370 Million

Electric two-wheeler manufacturer Ather Energy has proposed raising ₹31 billion (~₹369.4 million) through an initial public offering (IPO). In a draft red herring...

September 10, 2024

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Staff

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Electric Vehicles

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Finance and M&A
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E-Bus Startup Fresh Bus Secures $10.42 Million in Series A Funding

Bengaluru-based intercity electric bus startup Fresh Bus has raised ₹875 million (~$10.42 million) in a Series A funding round. The financing was led by the...

August 14, 2024

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Staff

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Electric Vehicles

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Finance and M&A
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EV Manufacturer Kinetic Green Raises $25 Million from GPC

Electric vehicle (EV) manufacturer Kinetic Green secured a ₹2.09 billion (~$25 million) investment from private equity firm Greater Pacific Capital (GPC), as part of an...

August 12, 2024

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Staff

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Electric Vehicles

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Finance and M&A
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Exicom to Acquire Australia-based EV Charger Company Tritium

Gurugram-headquartered electric vehicle charger manufacturer Exicom Tele-systems (Exicom) announced it is acquiring Tritium, an Australia-based manufacturer of DC fast...

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Shoals’ Revenue Dips 17% YoY in Q2 on Lower Demand and Installation Delays

U.S.-headquartered Shoals Technologies Group, a manufacturer of Electrical Balance of Systems (EBOS) for clean energy, reported a revenue of $99.2 million in the second...

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EV Battery Manufacturer Neuron Energy Raises ₹200 Million

Electric vehicle (EV) battery manufacturing company Neuron Energy has raised ₹200 million (~$2.4 million) in a Series A funding from investors, including the Chona...

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KERC Issues Guidelines for Installing EV Charging Points in Buildings

Electric vehicle (EV) users in Karnataka will have to get approvals from distribution licensees to install EV chargers in non-designated areas, according to a new...

August 1, 2024

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Staff

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Electric Vehicles
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EV Charging Aggregator ElectricPe Raises $ 3 Million from Green Frontier Capital

Electric Vehicle (EV) charging aggregator ElectricPe has raised funding of $3 million pre-series A Round from Green Frontier Capital, an early-stage venture capital fund....

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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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