electric-vehicle

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Battery Smart Secures $65 Million to Expand EV Battery Swapping Network

Battery Smart, a battery swapping network for electric two- and three-wheelers, has secured $65 million in a Series B funding round led by LeapFrog Investments. This...

June 20, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Daily News Wrap-Up: SECI Invites Bids for 500 MW Wind Projects

Solar Energy Corporation of India (SECI) has invited bids to select wind power developers to set up 500 MW ISTS-connected wind power projects anywhere in India...

May 31, 2024

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Mercom Staff

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Daily Wrap-up
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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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Mobility Solutions Firm Matel Aims for Growth with $4M Funding

Pune-based mobility and energy solutions provider Matel has secured $4 million in Series A financing, spearheaded by Transition VC. Gruhas and Haresh Abichandani,...

May 20, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: SJVN Tenders 1.5 GW Wind-Solar Hybrid Projects

SJVN Green Energy, a subsidiary of SJVN, has invited bids to select developers to set up 1,500 MW of Interstate Transmission System (ISTS)-connected wind and solar...

February 5, 2024

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Mercom Staff

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Daily Wrap-up
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Tesla’s Net Income in 2023 Drops 23%, Energy Storage Deployments Surge 125%

U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.4 billion in the fourth quarter (Q4) of the financial year (FY) 2023, a 39% year-over-year (YoY)...

January 25, 2024

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Gautamee Hazarika

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Electric Vehicles

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Energy Storage

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Market & Policy
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Gensol Engineering’s Net Profit Surges Eight Fold to ₹120 Million in Q3 FY24

Engineering and consulting firm Gensol Engineering posted a net profit of ₹123.1 million (~$1.5 million) in the third quarter (Q3) of the financial year (FY) 2024, an...

January 24, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Daily News Wrap-Up: NTPC’s 4.1 MW Rooftop Solar Projects

NTPC has invited bids for the engineering, procurement, and construction of grid-connected rooftop solar power projects with a cumulative capacity of 4,106 kW at five...

January 4, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: SECI’s Green Hydrogen Manufacturing Auction

Reliance Green Hydrogen and Green Chemicals (Reliance), ACME Cleantech Solutions, Greenko ZeroC (Greenko), HHP Two (Hygenco), and Bharat Petroleum Corporation were among...

January 3, 2024

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Mercom Staff

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Daily Wrap-up
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Top Developments That Shaped the Electric Vehicle Industry in 2023

As of September 2023, EV sales in India totaled 371,214 units, indicating a year-over-year increase of 40% compared to the 264,781 units sold in the corresponding period...

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Daily News Wrap-Up: MPERC Rejects Plea for Imposing Grid Support Charges on Rooftop Solar

Madhya Pradesh Electricity Regulatory Commission has rejected a petition filed by Madhya Pradesh Power Management Company and state power distribution companies...

December 20, 2023

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Mercom Staff

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Daily Wrap-up
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Exponent Energy Secures $26.4 Million in Series B Funding to Propel Expansion

Bengaluru-based electric vehicle (EV) charging and battery startup Exponent Energy has raised $26.4 million in a series B funding round led by Eight Roads Ventures and a...

December 14, 2023

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Gautamee Hazarika

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Electric Vehicles

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Grid

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Market & Policy
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India-based KPIT Unveils Indigenous Sodium-Ion Battery Technology

Pune-headquartered KPIT Technologies, an autonomous software integration partner for the automotive and mobility sector, has introduced its sodium (Na)-ion battery...

December 14, 2023

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Gautamee Hazarika

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Energy Storage

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Markets & Policy
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Hero MotoCorp Approves ₹5.5 Billion Investment in Ather Energy

The Board of Directors of Hero MotoCorp approved an investment of up to ₹5.5 billion (~$66.3 million) in the rights issue of Indian electric two-wheeler company Ather...

September 5, 2023

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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Daily News Wrap-Up: India Installs 387 MW of Rooftop Solar Capacity in Q2

India added 387 MW of rooftop solar capacity in the second quarter (Q2) of 2023, down 20% from 485 MW in Q1. According to the newly released Q2 2023 Mercom India Rooftop...

September 1, 2023

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Mercom Staff

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Daily Wrap-up

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