Electric Mobility

Refex Mobility, which provides all-electric vehicle-based mobility solutions to corporates, on Monday said it has crossed the Rs 100 crore revenue milestone in FY26. The clean mobility arm of Refex Industries Ltd has reported a total income of Rs 103.2 crore in FY 2025-26, reporting a "2.5x growth", according to a statement issued by the company. "The company completed more than 1.5 million trips across the enterprise and executive mobility segments, during the year, reflecting both growing scale and improving platform economics," it said. Besides, Refex Mobility also expects to achieve operational breakeven by FY2027-28. Within three years of operations, Refex Mobility has scaled its operating fleet size to over 1,750 vehicles across five major cities. It serves more than 70 enterprise clients across sectors, it added. In FY26, it launched a fast-growing app-based cab rental business and expanded operations into the Delhi-NCR region. The company introduced an asset-light model,

India had around 29,000 charging stations for the public early this calendar year, a significant improvement from the barely 5,000 a few years ago

Deadline for responses to the draft EV policy ended on May 10 but siam may seek more time from the Delhi government to respond

Market leader warns selective restrictions could distort policy framework

After the fresh funding round, the founder will hold an 86 per cent stake in the company

Deal marks firm's entry into Europe as it takes its zero-commission, community-led mobility model global, aiming to scale open, city-first transport systems across markets

Technology and services provider Bosch Ltd on Monday announced the formation of a joint venture with Tata AutoComp Systems Ltd to cater to the requirements of electric mobility. The partners plan to hold equal shares in the joint venture, which aims to start its operations by mid-2026, subject to receiving all regulatory approvals, Bosch Ltd said in a regulatory filing. The joint venture will focus on engineering, manufacturing and sales of eAxle systems and electric motors in India, it added. With a registered office in Pune, the joint venture aims to accelerate the adoption of sustainable and forward-looking technologies, thereby expanding the regional footprint for both companies in the e-mobility space, the filing said. "India being the world's third largest automotive market, Bosch aims to leverage stronger opportunities for its business in India. This planned partnership with TACO further cements our presence in e-mobility, enabling us to deliver cutting edge global solutions

Ashok Leyland breaks ground for a battery pack manufacturing facility near Chennai with an investment of Rs 400-500 crore to support localisation and strengthen India's EV ecosystem

Uber says its shuttle business remains challenging due to regulatory hurdles restricting expansion beyond Delhi and Kolkata, even as it pushes ahead with intercity bus and multi-modal plans

Karnataka CM Siddaramaiah presented the state Budget with a focus on school infrastructure boost, women welfare schemes, and a ₹2,000 crore electric bus programme

The company, which offers a wide range of electric vehicle (EV) options to rent, lease or buy, plans to use the funding to accelerate its growth plans

Kerala has overtaken more industrialised states in personal electric vehicle adoption, driven by strong middle-class uptake, policy support, and charging infrastructure

The Supreme Court signalled that premium fossil-fuel cars may be the first to face restrictions as India accelerates its electric mobility transition, urging updated policies & stronger implementation

According to the VAHAN data, the number of two-wheeler registrations hit 582,027 in April-September compared to 492,586 in the same period the previous year

Evera Cabs has submitted a proposal to lease 1,000 BluSmart EVs financed by PFC and IREDA as part of its expansion strategy while lenders explore recovery from the defunct service

The GST Council has kept all EVs, mass market to luxury SUVs, under 5% tax, a step industry leaders say will spur sales and strengthen India's EV ecosystem

Says that battery localisation remains a challenge

Premium electric motorcycle manufacturer Ultraviolette on Tuesday said it has secured USD 21-million in a funding round with strategic investment from deep tech investor TDK Ventures. TDK Ventures is the corporate venture capital arm of Japanese firm TDK. "The investment round of USD 21-million saw strategic participation from TDK Ventures and strong continued backing from existing investors Zoho Corporation and Lingotto (previously Exor Capital) among other leading institutional investors," Ultraviolette said in a statement. Other investors in Ultraviolette include Sriharsha Majety (co-founder & CEO, Swiggy), Ankit Nagori (co-founder, Cure Foods; former Chief Business Officer, Flipkart), Aprameya Radhakrishna (Co-founder, TaxiForSure), and actor Dulquer Salmaan, the company said. The partnership with TDK Ventures represents a pivotal step in Ultraviolette's mission to develop and scale globally competitive performance-oriented EVs, it stated. "We look forward to bringing our TDK

EVeez secures $5.4 million in Series A funding to scale its electric two-wheeler subscription service, targeting gig workers across India

The firm has partnered with Sterling Tools Limited's EV arm, Sterling Gtake Electro Mobility (SGEM), to localise production and assembly of its traction motors at SGEM's Faridabad facility