BluSmart To Raise $300 Mn In Next 3 Years, To Expand Fleet: Report

Electric Car operator BluSmart has announced it is planning to raise more than $300 million in three years with an aim of expanding its fleet by including thousands of electric cars. According to several media reports, the company aims to increase its fleet of electric vehicles to take on the likes of Uber and Ola. […]

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Eka Mobility To Invest Rs 600 Crore In Pune EV Makers

Pune-based electric vehicle (EV) manufacturer Eka Mobility will be investing Rs 600 crore for the expansion of its manufacturing facilities in Chakan and Koregaon Bhima in Pune district, Maharashtra. According to the company Eka Mobility, the company aims to establish an initial manufacturing capacity capable of producing approximately 2,000 buses and 6,000 LCVs annually. Furthermore, […]

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Audi Opens First EV Charging Hub Outside Europe In Tokyo

Audi has opened its firm EV charging hub outside Europe in Japan’s capital Tokyo. The EV charging hub will enable drivers of electric cars of all brands to charge at four fast-charging points, each with up to 150 kilowatts (kW) – an excellent figure for charging power in Japan. Thanks to a buffer storage unit, […]

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CATL To Power Beijing Hyundai Electric Models With CTP Technology

Chinese battery manufacturing giant–Contemporary Amperex Technology Co. Limited (CATL) is all set to power Beijing Hyundai’s Electric Vehicle Projects with its advanced Cell-To-Pack (CTP) technology. The two companies recently also signed an agreement in this regard at the Auto China 2024. Per the agreement, CATL will cooperate for Beijing Hyundai’s EV projects. It will also […]

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AutoNxt Automation Secures Pre-Series A Funding From Saama

AutoNxt Automation, a technology start-up building high-torque electric powertrains and off-road autonomous technologies, announced the successful closure of its Pre-Series A round of funding led by Saama. Amit Singhal, the former head of Google’s search division, Suveer Sinha, India Head for KKR Capstone, Bluehill Capital, Keiretsu Forum, Soonicorn Ventures, and other marquee investors participated in […]

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Hyundai-Kia Signs MoU With Exide Energy For India EV Batteries

South Korea-based auto companies Hyundai Motor Company (HMC) and Kia Corporation have announced a partnership with India’s Exide Energy Solutions Ltd to make electric vehicle batteries in the country. The companies have signed a Memorandum of Understanding (MoU) regarding manufacturing the EV batteries in India, reported news agency Reuters. According to the report, the South […]

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China Leads The Way In Cleantech Industry, Overtakes US: RMI Study

A recent report by RMI described the goals of countries regarding cleantech in its study “race to the top” dealing with the transition from fossil energy to clean energy. It compares the progress made by the three regions that dominate the deployment of renewable energy technologies — China, Europe, and the United States.  The RMI […]

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Zypp Electric Registers 3 Times Revenue Growth In FY24; Deploys 20k E-Scooters In 2023

Electric Vehicle firm, Zypp Electric has announced that it had a three-times surge in revenue in FY24. The company has deployed an additional fleet of electric scooters across India, Zypp Electric has expanded its presence in six major metropolitan cities of Delhi NCR, Bangalore and Mumbai. According to Zypp Electric, this exponential growth underscores Zypp […]

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IOCL, Panasonic Energy Form JV For EV Batteries

Indian Oil Corporation Limited and Panasonic Energy, a Panasonic Group Company, have signed a binding term sheet to draw a framework for the formation of a JV for manufacturing cylindrical lithium-ion cells in India in anticipation of expanding demand for batteries for two and three-wheel vehicles and energy storage systems in the Indian market, the […]

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