SemaConnect, an electric vehicle infrastructure platform, has announced a partnership with Gilbarco Veeder-Root, a market provider of retail and commercial fueling solutions. While commenting on the launch of the partnership, Mr. Prashant Radhakrishnan, VP-Sales & Marketing, SemaConnect India said, “We are looking forward to working with Gilbarco Veeder-Root on the new Amps2Go program. Even though…
India’s two-wheeler maker, TVS Motor Company, has announced that it plans to invest Rs 1,000 crore to manufacture electric vehicles. Sudarshan Venu, the company’s joint Managing Director, said that the proposed EVs will fall under an independent vertical. “Mr Venu, a TVS Group prodigy, paves the way for the next generation of leaders. As the…
Grinntech, an investor-backed start-up specialising in Lithium-Ion batteries for EVs and energy storage systems, has closed a bridge round of around $2M. Speaking on the announcement, Puneet Jain, Co-founder and Director, said, “We are grateful to this sign of confidence from our investors. On the back of the recent announcement from the Government of India,…
Ather Energy, an electric scooter manufacturer, announced it has raised $35 million in Series D funding round led by Sachin Bansal. The round also saw participation of Hero MotoCorp, who invested $12 million as a part of the Series D funding round. Till now, Sachin Bansal has invested $53 million in the startup. Founded in…
New Delhi-based electric vehicle start-up Euler Motors recently announced that it has raised ₹20 Crores through its ongoing series A funding round. The fundraiser was led by Inventus Capital along with other participants. The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments and Udaan’s co-founder Sujeet Kumar.…
The novel coronavirus outbreak has put brakes on the global economy. The once highly interconnected world has now imposed travel bans and countries have gone into a lockdown. Businesses are closed and employees are now asked to work from home. But the remote working concept is only limited to certain kinds of jobs. The manufacturing…
Korean auto manufacturer, Kia Motors Corporation, has recently announced that it has elevated Ho Sung Song to the position of President of the organization. Song, who was earlier the Head of Global Operations Division will now be succeeding Han-woo Park. Post the appointment, Park will move on to an advisory role and continue to support…
Luxury carmaker Jaguar Land Rover India recently announced that it has entered into a partnership with Tata Power to offer end-to-end EV charging solutions. Tata Power will provide charging solutions for Jaguar Land Rover in India, across its retail network of 27 outlets in 24 cities and at the customer’s residence and/or office. India’s largest…
Japanese conglomerate SoftBank, who has been aggressively investing in the Indian start-up system, is reportedly considering buying a minority stake in Mahindra Electric Mobility. According to a Business Standard report, the two companies have begun preliminary talks for an alliance. Mahindra’s Electric Vehicle manufacturing arm is a subsidiary of Mahindra & Mahindra, said a few…
RACEnergy, an electric mobility startup, recently announced that it has raised an undisclosed amount in seed funding. The funding round saw participation from growX ventures and Prophetic Ventures among others. Huddle’s EV Accelerator Programme, also participated as part of this round. RACEnergy was founded by BITS Pilani alumnus Arun Sreyas and Gautham Maheswaran. The company…
In an attempt to reduce its carbon footprint and achieve carbon neutrality by 2040, Amazon CEO Jeff Bezos announced the introduction of electric delivery rickshaws in India. The details of the plan are not yet made public by the company, however, CEO Jeff Bezos through twitter announced the use of e-rickshaws for door-to-door delivery. The…
Audi, a member of the Volkswagen Group that designs, engineers, produces, markets and distributes luxury vehicles announced on Tuesday that it will invest 14 billion euros ($15.95 billion) over the next five years on future transportation technologies such as electric mobility, autonomous driving, and digital services. In a statement, the German automaker said that the…
JSW Group, one of India’s largest business conglomerates led by Sajjan Jindal has hired Rakesh Srivastava, the former director for sales and marketing at Hyundai Motor India, as the firm is trying to enter into the electric vehicles industry. Though there is no official confirmation from both sides, a senior executive at JSW Energy confirmed the move…