Page 2 - Ev Market

EV company Motovolt Mobility raises Rs 16 cr in per-series A funding

The funds raised will primarily be used for new product introduction, marketing initiatives, and growing Motovolt's presence through more retail points pan India

EV start-up Chargeup raises $7 million in pre-series A1 funding round

The EV market in India is expected to grow aggressively from 2 million to 80 million vehicles by 2030 as per government estimates

Elon Musk's Tesla loses 2 years of gains amid Twitter saga, demand fears

The stock closed down 7.2% at $177.59 in New York on Wednesday, dropping to its lowest since November 2020

Tata Motors beats target, becomes India's first to roll out 50,000 EVs

The firm which entered EV market in 2020, is now focusing on a three-phased architecture approach for such vehicles and plans to launch 10 EVs in five years

India's electric two-wheeler market may miss 1-million unit target

Supply-side glitches, impending govt regulations, fires, and delay in FAME II subsidy handout have forced start-ups to mothball ramp-up plans

A first for industry: Hyundai may ink pacts for direct power purchase

Such direct contracts will assist the carmaker in getting cheap power

Indian EV makers 'not doing it right', says Gogoro CEO Horace Luke

Luke on Thursday launched Gogoro in India with a pilot project in collaboration with ZyppElectric

Switch Mobility aims to be in EV markets around the globe: CEO

Markets will come back after geopolitical turbulence and each company will have to make its own strategy, says Mahesh Babu

Guangdong: The Chinese province with more EV chargers than all of the US

The coastal region, which borders Hong Kong, has built hundreds of thousands of public charging points - the EV equivalent of gas pumps - over the past few years

Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?

Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars

Ashok Leyland, IIT Madras tie up to develop hybrid EVS using turbine tech

While the main powertrain will be the electric motor, the onboard power would be generated by a micro gas turbine developed jointly by NCCRD and Aerostrovilos Energy, an IITM-incubated start-up

Apple plans to build team for its electric car 'Project Titan' soon

Project Titan began its life in 2014, when Apple formed a so-called shell company -- the SixtyEight Research -- to work on the car project

EV battery makers get more time to comply with new safety norms

New standards now applicable in two phases --- December 2022 and March 2023

Omega Seiki Mobility to supply over 5K electric cargo 3-wheelers to Porter

Omega Seiki Mobility (OSM) will supply over 5,000 electric cargo three-wheelers to Porter for last-mile delivery under a collaboration with the logistics operator, the company said on Tuesday. The vehicles are to be delivered to Porter by 2023. The logistics firm already has 1,000 EVs in its fleet and it is looking to expand it five times by next year, it said. Consumers across the world, including in India, have been shopping online in much larger numbers than earlier, increasing the demand for green mobility in the last-mile delivery solutions. The collaboration with Porter is aimed at catering to the surging demands in this space, the company said. According to a recent report, India's e-commerce firms are expected to see 28 per cent year-on-year sales growth at USD 11.8 billion during the festive month with a spurt in the fashion category. "We are seeing the last and middle-mile segment for the trucks growing significantly stronger with demand coming in not just from the ...

Centre freezes subsidy of EV makers for violating PMP norms under FAME-II

Under the FAME-II scheme, the government releases incentives for various categories of EVs to OEMs. It has an outlay of Rs 10,000 crore

Suzuki Motor Corp's India arms gear up for long electrified journey

TDSG's facility - the first in the country to make batteries with cell-level localisation - has an aggressive export target for the next three years

Kinetic to launch Luna in electric avatar, expands capacity with new plant

Charts aggressive plans in its comeback trail

Murugappa enters EV mkt with TI Clean Mobility's Montra e-three-wheeler

Launch is part of the group's strategy to focus aggressively on EVs, with e-3W under the brand Montra Electric, electric tractors under Cellestial Egat, electric HCVs under Rhino 5536 brand

With $2 bn IPO in sight, this Chinese EV battery firm is a giant in making

CALB makes battery cells, modules and packs for electric vehicles and industrial-scale energy systems - both in high demand

Automakers maneuvering with different gears to shift towards EV

Automakers are stepping on different roads towards eco-friendly mobility with home-grown firms like Tata Motors and Mahindra betting on electric vehicles, Japanese majors such as Toyota, Honda and Suzuki looking at hybrids as the bridge to reach the goal. The shift globally includes a family of electrified vehicle technologies (xEVs) which consists of SHEV (Strong Hybrid Electric Vehicle), FCEV (Fuel cell Electric Vehicle), BEV (Battery Electric Vehicle) and PHEV (Plug-in Hybrid Electric Vehicle). In India, it is mainly the battery electric vehicles (BEVs) and hybrids which are being rolled out by the leading automakers. Tata Motors and Mahindra & Mahindra have lined up massive resources to drive in multiple BEVs over the next few years. Similarly, Hyundai, Kia and MG Motor have also introduced battery electric models in the market. The country's largest carmaker Maruti Suzuki on the other hand is preparing to launch its first electric vehicle only in 2025. The auto major in the