ev

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Gensol Engineering’s Q4 Profit Soars 310% YoY to ₹348.2 Million

Engineering and consulting firm Gensol Engineering posted a net profit of ₹348.2 million (~$4.1 million) during the fourth quarter (Q4) of 2024, a year-over-year (YoY)...

May 30, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Zypp Bags $15 Million to Expand EV Fleet Across 15 Cities in India

Zypp Electric, an electric vehicle (EV)-as-a-service platform, has raised $15 million in its Series C funding round, allowing the company to expand its fleet from 21,000...

May 28, 2024

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Staff

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Electric Vehicles
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Mahindra & Mahindra Commits ₹120 Billion to EV Expansion by FY 2027

Automobile manufacturer Mahindra & Mahindra plans to invest ₹120 billion (~$1.43 billion) in its electric vehicle (EV) unit, Mahindra Electric Automobile (MEAL),...

May 17, 2024

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Arjun Joshi

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Electric Vehicles

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Finance and M&A
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US Doubles Tariff on Chinese Solar Cells to 50%, Targets EVs and Batteries

The United States announced stiff hikes in tariffs on solar cells, electric vehicles, batteries, and critical minerals originating from China. This decision follows a...

May 15, 2024

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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GEF Invests ₹5.8 Billion in TI Clean Mobility to Develop EV Verticals

TI Clean Mobility (TICMPL), a wholly-owned subsidiary of Tube Investments of India, a Murugappa Group company, has raised ₹5.8 billion (~$69.5 million) in equity and...

May 8, 2024

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Staff

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Electric Vehicles
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Month in a Minute: Top Headlines from Indian Renewable Sector in April 2024

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

May 3, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: SJVN’s Tender for 1.2 GW Solar Projects Across India

SJVN has invited bids from developers to set up 1.2 GW interstate transmission system-connected solar power projects anywhere in India under tariff-based competitive...

May 3, 2024

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Mercom Staff

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Daily Wrap-up
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Charge Zone Secures $19 Million from BII to Expand EV Charging Infrastructure

Charge Zone, an India-based electric vehicle (EV) charging network firm, has secured a commitment of $19 million from British International Investment (BII), the United...

May 2, 2024

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Staff

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Electric Vehicles
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AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch

AutoNxt Automation, a Maharashtra-based e-mobility tech startup, has raised funds in a Pre-Series A funding round to finance the launch of its first electric tractor...

April 11, 2024

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Mercom Staff

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Electric Vehicles

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Finance and M&A
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Daily News Wrap-Up: REC Records Highest-Ever Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year 2023-24, a...

April 11, 2024

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Mercom Staff

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Daily Wrap-up
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China Takes on US in WTO Over IRA Subsidies for Clean Energy and EVs

China has formally petitioned the World Trade Organization (WTO) for dispute consultations with the U.S. regarding certain tax credits under the country’s Inflation...

April 2, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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Zetwerk Bags Contract to Install 1,400 EV Fast Chargers from Indian Oil

Bengaluru-based Zetwerk, an industrial and consumer infrastructure firm, has won a contract to set up over 1,400 electric vehicle (EV) fast chargers for Indian Oil...

April 1, 2024

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Arshreet Singh

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Electric Vehicles
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EV Sales Sustain Growth Momentum, Up 40% YoY in Q1 2024

Electric vehicle (EV) sales in India reached a record 486,669 units in the first quarter (Q1) of 2024, a jump of over 40% year-over-year (YoY) against the 347,676...

April 1, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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CESL Floats O&M Tender for 31 EV Charging Stations in Noida

Convergence Energy Services Limited (CESL) has invited bids for selecting a managed service partner for the operations, management, maintenance, and security of 31...

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Daily News Wrap-Up: Delhi Targets 4.5 GW Solar Capacity by 2027 with New Policy

The Delhi government has announced plans to install 4,500 MW of solar capacity, including 750 MW of rooftop solar within the state and around 3,750 MW of utility-scale...

March 18, 2024

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Mercom Staff

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Daily Wrap-up

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