Ola Electric closes $200 million financing round
The Indian electric vehicle manufacturer Ola Electric has closed another financing round of 200 million US dollars and is now valued at a total of 5 billion US dollars.
Weiterlesen
Alt Mobility to deploy 10,000 Hero Nyx
Indian electric scooter manufacturer Hero Electric has partnered with Alt Mobility, a dedicated platform for leasing electric vehicles for the logistics market, to deploy 10,000 Hero Nyx electric scooters by 2023.
Weiterlesen
India’s CESL launches tender for over 5,000 electric buses
Convergence Energy Services (CESL), a subsidiary of state-run Energy Efficiency Services (EESL), seeks to procure more than 5,000 electric buses in India. The energy transition agency has launched the tender under the Grand Challenge Scheme and targets five major cities.
Weiterlesen– ADVERTISEMENT –
Delhi welcomes the first of 300 electric buses
This week India’s capital city territory, Delhi inaugurated the operation of one electric bus to public transport services. The bus was procured by the Delhi Transport Corporation (DTC) and manufactured by JBM Auto Limited. This is the first of another 300 electric buses of the same type that should hit Delhi streets by April this […]
Weiterlesen
Reliance takes over Faradion for £100 million
The British sodium-ion battery technology company Faradion has been bought up by Reliance New Energy Solar (RNES), a wholly-owned subsidiary of Reliance Industries. Reliance is to acquire 100% shareholding of Faradion for £100 million. In addition, RNES will also invest £25 million as growth capital to accelerate commercial rollout.
Weiterlesen
India promotes domestic battery cell production
Ten companies have applied for an Indian government programme to promote the domestic production of battery cells, with plans for factories with a total capacity of 130 GWh – significantly more than the 50 GWh planned by India’s government.
Weiterlesen– ADVERTISEMENT –
India’s oil firms pledge to install 22,000 EV charging stations by 2026
EV charging stations supply in India will surge as the IndianOil Corporation (IOC) and two other public sector oil firms pledge to install 22,000 charging stations over the next five years.
Weiterlesen
Mahindra to launch 16 EVs by 2027
Indian automobile manufacturer Mahindra & Mahindra has issued plans to launch 16 electric vehicles by 2027 across SUV and light commercial vehicle categories. Mahindra is also considering a new subsidiary brand name for the electric SUVs.
Weiterlesen
Foxconn considers manufacturing EVs in India, Europe and Latin America
Foxconn is planning to produce electric vehicles in Europe, India and Latin America. Chair of the board Liu Young-way hinted at this in a conversation with reporters at a business forum in Taipei.
Weiterlesen
TPG Rise Climate invests in Tata Motors’ new subsidiary
Tata Motors has just announced that TPG Rise Climate and co-investor ADQ are to invest in the formation of a new Tata Motors subsidiary focussed on electric vehicles and charging infrastructure.
Weiterlesen
Ola Electric raises another $200 million
The Indian electric vehicle manufacturer Ola Electric has raised over 200 million US dollars (around 173 million euros) in a new financing round to date. With the new capital, the eMobility offshoot of Indian ride-hailing giant Ola aims to accelerate the development of new platforms for electric motorcycles, scooters and cars.
Weiterlesen
Mumbai invites tenders for 1,900 electric buses
Mumbai’s transport authority BEST has invited tenders for 1,900 fully electric buses for Mumbai. BEST, with a present fleet of 386 electric buses, plans to complete procuring these additional buses by mid-2023.
Weiterlesen
15,000 charging stations to roll out in India
In India, the EV charging infrastructure company Evre and parking solutions brand Park+ have announced their partnership to install 10,000 EV charging stations within two years. In a separate deal, the state-owned Hindustan Petroleum Corporation (HPCL) plans to commission 5,000 electric vehicle charging stations over the next three years.
Weiterlesen
Gogoro to become publicly listed and expand
Taiwanese electric scooter manufacturer Gogoro and Poema Global Holdings, a publicly traded special purpose acquisition company, have announced a definitive agreement resulting in Gogoro becoming a publicly listed company. The proceeds should propel expansion in India, China and Southeast Asia.
Weiterlesen
India aims to boost EV production with incentives
India’s cabinet has approved an incentive scheme of about 260 billion rupees ($3.5Bn or €3Bn) over a five-year period. The aim is to boost the production of battery-electric and fuel-cell vehicles and to promote the manufacture of drones.
Weiterlesen
India sees first single-app for EV charging stations
EV Plugs, an app for electric vehicle charging stations, has gone live and claims to be India’s first independent aggregator app. So far, there are more than 1,000 verified listings, according to the company, and EV Plugs is available on both iOS and android besides being web-based.
Weiterlesen
Tata Motors unveils the Tigor EV
Indian manufacturer Tata Motors unveiled the Tigor EV, which is the company’s second electric car in the passenger vehicle segment following the Nexon EV. Tata Motors has opened online and dealership bookings at Rs 21,000 and sales will launch on August 31.
Weiterlesen
Ola Electric presents first scooter model
The Indian manufacturer Ola Electric has presented its new electric scooter, which will be available in two variants (S1 and S1 Pro). Unlike their predecessors, the two new models are not only made for the Indian market but will also be exported to other countries.
Weiterlesen
India considers lowering import duties for EVs
The Indian government is apparently considering lowering import duties for electric cars. Tesla, among others, had publicly demanded lower tariffs, but so far had not been able to get through to the government.
Weiterlesen
India: CESL opens tender for 100,000 light electric vehicles
India´s state-run Convergence Energy Services Limited (CESL) is calling bids to procure 100,000 electric two- and three-wheelers. The tender is part of what may indeed be “the largest such global tender” as CESL’s head organisation EESL aims to have half a million light electric vehicles across India.
Weiterlesen
Simple Energy to build electric scooter plant in Tamil Nadu
Indian EV start-up Simple Energy, which is set to launch its electric scooter ‘Simple One’ on August 15, announced plans to build a production plant in Hosur, Tamil Nadu. The first phase will encompass around 200,000 square feet and will have a production capacity of up to million units per year.
Weiterlesen
Model Y production rumoured to launch in Texas next week
Tesla could start test production of the Model Y in Texas as early as next week – and regular production before the end of the year, according to observers. New rumours are also circulating about the upcoming entry-level model, which has so far been referred to as the Model 2.
Weiterlesen
ICCT study finds BEVs maintain 70% smaller CO2 footprint
A new study by the ICCT finds battery-electric cars already have a better greenhouse gas emissions record than conventionally powered vehicles – and not only in Europe, but also in China, India or the USA. By 2030, the emissions advantage will increase further.
Weiterlesen
Tier Mobility & Nunam team up on second-life batteries
Used battery cells from Tier Mobility’s electric scooters are to have a second life in rural India. For this goal, the Berlin-based micromobility provider has entered into a partnership with the German-Indian startup Nunam.
Weiterlesen
India extends Fame II subsidy programme
The government of India is extending the second phase of the national eMobility subsidy programme FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles), which started on 1 April 2019. FAME 2 was originally scheduled to run until the end of 2022 and has now been extended until 31 May 2024.
Weiterlesen
Jerome Guillen leaves Tesla
Tesla is losing one of its most important executives; Jerome Guillen. Guillen held high-ranking positions at Tesla for more than ten years, but has now left the company, as Tesla announced in a brief notification to the US Securities and Exchange Commission (SEC).
Weiterlesen
Gogoro announces plans for battery swapping network in China
The Taiwanese electric scooter manufacturer Gogoro wants to bring its battery exchange network to China on a large scale. For this purpose, Gogoro has now joined forces with two large Chinese two-wheeler manufacturers. Recently, there was a similar deal for India.
Weiterlesen
Ola Electric announces charging network in India
Ola Electric, the eMobility offshoot of Indian ride-hailing giant Ola, has announced the creation of an exclusive network of more than 100,000 charging points for its upcoming electric two-wheelers. This is expected to come up in over 400 cities in India within five years.
Weiterlesen
Gogoro & Hero to establish battery swap network in India
Taiwan’s Gogoro and India’s Hero MotoCorp announced a strategic partnership that aims to found a joint venture for bringing battery swaps to India. Hero also wants to use Gogoro technology for new electric two-wheelers for the Indian market.
Weiterlesen
India plans measures to attract global EV investment
India is making plans to offer incentives for EV manufacturers as part of a broad auto sector scheme. The plan is to attract $14 billion of investment over five years, according to industry sources and a document seen by Reuters.
Weiterlesen