electric-scooter

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Electric Scooter Startup River Raises $30 Million in Series B Funding

Electric-scooter startup River has raised $40 million (₹3.35 billion) in an oversubscribed Series B funding led by Yamaha Motor. The Bengaluru-based electric vehicle...

February 6, 2024

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Arshreet Singh

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Electric Vehicles

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Finance and M&A
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Hero MotoCorp invests ₹4.2 Billion in Ather Energy as it Prepares for its EV Launch

Hero MotoCorp, a manufacturer of motorcycles and scooters, is investing ₹4.2 billion (~$56.44 million) in Ather Energy, an electric two-wheeler manufacturer. The...

January 21, 2022

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Satish Shetty

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Electric Vehicles

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Grid
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Ola Electric Secures $100 Million Debt Financing from Bank of Baroda

Ola Electric Mobility and Bank of Baroda have signed one of the largest long-term debt financing agreements in the Indian electric vehicle (EV) industry. The ten-year...

July 13, 2021

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Rahul Nair

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Finance and M&A

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Solar
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Ola Plans World’s Largest Electric Scooter Factory in Tamil Nadu Investing ₹24 Billion

One of the world’s leading mobility platforms, Ola, signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to create a manufacturing hub for...

December 15, 2020

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Rahul Nair

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Electric Vehicles

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Grid
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Electric Scooter Maker Ather Energy Raises $35 Million in Series D Funding

Electric scooter manufacturer Ather Energy raised $35 million in its latest Series D funding round, led by Sachin Bansal’s $23 million investment. Hero MotoCorp...

November 9, 2020

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Rahul Nair

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Electric Vehicles

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Grid
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With New Investment of ₹840 Million, Hero’s Share in Ather Energy Rises to 34.58%

Hero MotoCorp, a leading manufacturer of motorcycles and scooters, has announced that it has invested ₹840 million (~$11.25 million) in Ather Energy. According to a BSE...

July 27, 2020

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Rakesh Ranjan

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Electric Vehicles

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Grid

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