EeVe Looks to Tap Additional Funds Worth $15 million To Fuel Expansion Plans

The firm is coming up with its own manufacturing plant in Bartana, some 60 km from capital city Bhubaneswar, with an installed capacity to produce 2.5 lakh vehicles per annum EeVe is looking to tap $15 million (Rs 100 crore)...

FAME-II Scheme Certification Validity Extended by Centre

This comes as a relief to electric automobile manufacturers who received certification after 1 April 2020 The Department of Heavy Industries has extended the validity of the Faster Adoption and Manufacturing of hybrid and Electric vehicles second phase (FAME-II) certification...

Yamaha Develops New Electric Motor for Hyper-EVs

The company announced that it will begin accepting orders for prototype development this month Japanese motorcycle manufacturer Yamaha Motor Co. Ltd has announced that it has developed a high output electric motor. Yamaha intends to use the brand-new unit in...

EV Start-up moEVing Raises $1 Million In Seed Funding

Aiming to have a 100,000 plus electric fleet on road by 2025, the startup targets to abate 500,000+ MT of carbon emissions moEVing, a Gurugram based tech-enabled electric fleet startup for urban mobility, has raised $1 million of seed funding...

Mahindra & Mahindra To Invest Additional Rs 3,000 Crore In EV Business

M&M had already invested Rs 1,700 crore into developing its EV business in India, along with focusing Rs 500 crore on a new R&D centre at the same time Mahindra and Mahindra (M&M) will be investing an additional Rs 3,000...

Hero Electric to Invest Rs 700 Crore In Plant Capacity Expansion

The first phase of the expansion plans will involve Hero Electric increasing its production capacity to 3 lakh units Hero Electric is preparing to invest Rs 700 crore over the coming three to four years into the expansion of its...

Elon Musk’s Brother Sells $8 Million Worth of Tesla Shares in a Single Day

Tesla's share prices have been skyrocketing over the last two years. The company has entered into India recently and has setup its first office in Bangalore Kimbal Musk, Elon Musk's brother, has sold Tesla Stocks worth $8 million in a...

India Based EV Company Gayam Announces $50 Million Investment Commitment

GMW's clientele includes IKEA, Amazon, Uber, Flipkart (Walmart), Sokowatch, Grofers, BigBasket, Delhivery, and several others Gayam Motor Works (GMW) has announced a $50Mn investment commitment from Luxemberg based Global Emerging Markets Global Yield LLC SCS (GEM) as the company plans...
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Ather Energy Hoping to Treble Annual Production Capacity By End Of Next Fiscal

Based in Hosur, Tamil Nadu, the plant has enough land to expand its annual capacity to 5 lakh units Electric scooter manufacturer Ather Energy hopes to treble its annual capacity of e-scooters to about 3 lakh units by the end...

EV Fleets Charging: ABB Collaborates With Amazon Web Services

ABB has created a pureplay venture in Berlin that will develop tailored, scalable and cost-effective technologies for fleet operators which can be used by all vehicle OEMs ABB and Amazon Web Services (AWS), an Amazon.com, Inc. company, announced a collaboration...

SiC is Now Walking the EV/HEV Red Carpet: Yole Developpement

The market value for semiconductor power electronic devices for xEVs will reach US$5.6 billion in 2026 with a CAGR2020-2026 of 25.7 per cent Tesla was one of the first electric vehicle companies to introduce Silicon Carbide (SiC) in one of...

Betting on EVs? But Where Exactly? State EV Policies Giveaway Big Hints!

A famous superhero movie popularised a dialogue that makes sense in almost every situation where power comes into the hands of an institution or an individual - "With great power comes great responsibility". In the case of electric vehicles...

Details of Something Like a ‘PLI Scheme’ For EV Makers in a Month

The government of India is planning to attract investments worth $14 billion as a part of its under draft EV incentives scheme. Currently China manufactures most of the EVs produced in the world The government of India has been on...

Delhi Government Working on EV Finance Scheme For Fleet Owners

Delhi's transport minister Kailash Gahlot has already said that the state government will only buy electric buses to be deployed in Delhi The government of Delhi is working on an interest subvention scheme, which once deployed, will help commercial fleet...

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Hero MotoCorp And Taiwan’s Gogoro Form JV To Accelerate E-Mobility In India

The venture will develop and launch Hero-branded electric two-wheelers across various Indian cities that will be powered by Gogoro’s battery network Aiming to accelerate the...

Foldable Smartphone Market Expected to Grow, Reach 18 Million Units by 2022: Report

Samsung has been a pioneer in the field and had rightly held over 80 per cent of the total market share for foldable smartphones...

Covid 19 Has Had Positive Impact on The Robotics Industry: Beroe

Robotics trends are driven by factors like lower labor costs as the need for human resources is reduced. Around $5,000 to $10,000 is the...

LG Chem Launches Second CNT Plant, Looks To Become A Global CNT Leader

Plans of construction of a third plant are also underway this year Eyeing the rapidly rising demand for electric vehicles globally, LG Chem announced the...

Residential Sector EV Chargers Will Sell More Than The Commercial Ones: Technavio

43 per cent of the market's growth will originate from APAC during the forecast period. China is a key market for electric vehicle chargers...