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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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$14 Billion Clean Energy Investments Cancelled in US in 2025

Businesses in the U.S. have canceled or delayed over $14 billion in investments in clean energy and clean vehicle factories since January this year due to rising fears...

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Daily News Wrap-Up: Leading Solar Module Suppliers in 2024

Jinko Solar, Waaree Energies, LONGi Green Energy Technology, Trina Solar, and Adani Solar were the top solar module suppliers in 2024, according to Mercom’s recently...

June 3, 2025

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Mercom Staff

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Daily Wrap-up
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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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Daily News Wrap-Up: Karnataka Announces Open Access Regulations 2025

The Karnataka Electricity Regulatory Commission issued the Karnataka Electricity Regulatory Commission (Terms and Conditions for Open Access) Regulations, 2025. This...

April 25, 2025

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: EV Industry Braces for Price Surge Due to DCR Mandate

The electric vehicle (EV) industry is bracing for a short-term price surge, as the Ministry of Heavy Industries has mandated a 100% domestic content requirement for 18...

April 3, 2025

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Bihar Includes Distributed Renewable Energy in RPO

The Bihar Electricity Regulatory Commission proposed including a new category of distributed renewable energy in its Renewable Power Obligation (RPO) for the financial...

April 2, 2025

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Mercom Staff

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Daily Wrap-up
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Global Annual Battery Demand Crossed the 1 TWh Mark in 2024: IEA

In 2024, electric car sales worldwide surged by 25%, reaching 17 million units, pushing annual battery demand beyond the 1 TWh mark for the first time, according to the...

March 10, 2025

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Arjun Joshi

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Energy Storage

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Market & Policy
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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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EV Company Vidyut Raises $2.5 Million From Flourish Ventures

Vidyut, an electric vehicle (EV) ecosystem platform, has raised $2.5 million in funding from global investor Flourish Ventures. The company will utilize the acquired...

March 3, 2025

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Tina Freese

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Renewable Energy
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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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Budget 2025 Focuses on Clean Energy Manufacturing, Halves Solar Module Duty to 20%

Finance Minister Nirmala Sitharaman reaffirmed the government’s commitment to strengthening domestic value addition and enhancing India’s manufacturing...

February 1, 2025

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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EV Charging Company Bolt.Earth Raises $5 Million In Series A Funding

Bengaluru-based electric vehicle (EV) charging solutions provider Bolt.Earth raised $5 million in a series A+ funding round. The funding round was led by Version One...

January 20, 2025

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Tina Freese

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Other

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Press Releases

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Renewable Energy
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Refex Green Mobility to Take Over 2,997 EVs from Gensol Engineering

Refex Green Mobility will acquire Gensol’s 2,997 electric vehicles (EV) and assume the associated debt of ₹3.15 billion (~$36.43 million). This strategic tie-up will...

January 16, 2025

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Melvin Mathew

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Electric Vehicles

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Grid
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EMO Energy Secures $6.2 Million in Series A Funding Round

Bengaluru-based battery solutions startup EMO Energy has raised $6.2 million (₹530.65 million) in its Series A funding round. This round was led by Subhkam Ventures,...

January 7, 2025

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Staff

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Other

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Renewable Energy

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