Electric Vehicles

Chinese EV maker Nio To Manufacture Battery Swap Stations in Europe

Chinese automobile manufacturer and power solutions provider Nio has announced that the company will be coming up with a manufacturing plant in Europe where it will be producing battery swap stations for the overseas market. It was reported early this year that Nio was looking to hire in Hungary for a manufacturing plant. Nio is […]

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Volvo Invests $4.9 million In Connected Energy For Second Life Battery Business

Volvo Energy is investing about 50 million Swedish kronor (SEK) or $4.9 million for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy. Joachim Rosenberg, President, Volvo Energy, said, “There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of […]

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UK Govt To End Electric Vehicle Subsidy As Demand Rises

The remaining subsidies on the electric cars for the buyers in the United Kingdom are coming to a closure after a reasonable run. The UK government is mulling to do away the benefits of £300 million to purchasers as the demand for electric vehicles is rising. The government says that the funds will then be […]

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Euler Motors Partners Magenta for 1000 HiLoad Electric Vehicle deployment

Euler Motors, has announced it has tied up with Magenta for the deployment of 1000 HiLoad electric vehicles – the electric 3-wheeler cargo vehicles. Euler is an electric vehicle company and Magenta is an integrated clean energy and electric mobility solutions provider. In the partnership, Magenta will deploy Euler electric vehicles first in Bangalore and then to […]

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Disruptive Tech Trends Transforming The Shape Of EV Industry

In 2020, before the pandemic shook up the world, especially the Indian automotive industry, electric vehicles were moving steadily into the spotlight. The total annual sales of different types of electric vehicles such as battery electric vehicles and hybrid electric vehicles in the year 2019 crossed over the two-million-vehicle mark. But even due to the […]

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Magenta ChargeGrid Launches Its First DC charger with Fast Charging Capacity

Navi Mumbai-based EV Charging company, Magenta ChargeGrid inaugurated its first EV charger in the state of Kerala through its partnership with Crescendo in the Malabar region of Kerala. Crescendo has partnered with Magenta to offer EV Charging to its customers in Kozhikode and for all EV owners who are traveling through Kozhikode. Magenta ChargeGrid team […]

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Aptera raises $40 million for solar electric vehicle production

San Diego-based Solar Electric Vehicle (SEV) start-up – Aptera – has announced that it has got a fresh funding of $40 million which Aptera will look to employ the money as capital for the production of its solar electric vehicle in the later part of 2022. The official statement of Atera held, “During this historic […]

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BILITI Electric Gets Financing Approval from SIDBI for its GMW Taskman Autos

California-based BILITI Electric Inc announced that the Small Industries Development Bank of India (SIDBI) has approved loans to those who are interested in purchasing GMW Taskman Electric 3W Autos, through its ‘Digital Prayaas’ program. ‘Digital Prayaas’ is an App-based end-to-end digital lending platform to facilitate access to low-cost borrowings for micro-entrepreneurs/micro-enterprises. Further, to cater to […]

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Extending The Net Metering Policy To Energy Storage Devices Will Grow The Market

Sheru, an energy storage startup supports storing energy in the cloud and solves the lack of storage problems by aggregating idle battery capacity to create a virtual energy storage platform. Sheru was started by three friends, Ankit Mittal, Shikhar Sharma, and Nakul Mehan, engineering graduates from  BITS Pilani. Having helped build robotics solutions in India’s first deep […]

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