Page 104 - Electric Vehicles

Cobalt's battery-powered boom in 2022 on EV demand surge busts

Pound for pound, the batteries used in laptops, phones and tablets contain much more cobalt than EV batteries, and demand from the industry has fallen about 30% to 40% over the past year

Zypp Electric raises $25 million in Series B funding round led by Gogoro

Zypp plans to deploy 200,000 electric scooters and expand its footprint to 30 cities

EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025

EV-as-a-service platform Zypp Electric on Wednesday announced raising funds of USD 25-million under series B funding from a clutch of investors, led by Gogoro. The round is a mix of equity and debt funding, with the USD 20-million equity round and USD 5-million debt for fleet expansion from global impact fund IIX along with a large national bank participating the same, the company said. This is also the first time global impact funds and Indian banks are participating in EV debt for any fleet operator or startup in the country, it added. Besides Gogoro, the latest funding round also witnessed participation from new and existing investors like Goodyear Ventures, 9Unicorns, WFC, Venture Catalysts, LetsVenture, IAN, Ivygrowth, Grip & other angels. In November last year, Gogoro and Zypp formed a strategic B2B partnership to accelerate the electric transformation of fleets and last mile deliveries in India. Under the pilot project, Zypp and Gogoro are deploying 100 ...

Top players showcase next gen EV models at Hyderabad e-motor show

Top automotive players are showcasing their next gen electric vehicle models at the inaugural Hyderabad E-Motor Show, which began here on Wednesday

Top headlines: Two-wheeler EVs under fire, Vivad se Vishwas-II, and more

Business Standard brings you the top headlines at this hour

FAME subsidy violation: Two-wheeler EVs under fire for pricing breach

The ex-factory price norm was added to the FAME scheme to make E2Ws affordable for buyers and also boost sales

Turning India into a green mobility hub

While almost all cars that fell into that category cost less than larger sedans or even mid-size SUVs, the underlying truism led to two realities

Subsidy halt, price rise and supply-chain bottlenecks hit EV sales in 2023

The dip comes after sales hit an all-time monthly high of 119,483 units in November

CNG, EVs, hybrid vehicles to comprise 30% of total auto sales: ICRA

CNG, EVs and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars are likely to dominate passenger vehicle volumes in medium-term, a report said on Tuesday. Demand for Electric Vehicles (EVs) has increased exponentially in the last two years with the government's push, increasing awareness, and new launches, domestic rating agency Icra said in its report. However, the share of EVs in the overall PV (passenger vehicle) industry remains low, at 1 per cent currently, it stated. On the other hand, CNG vehicles have also gained prominence in recent years, aided by favourable running costs, improving penetration of CNG dispensing stations across the country, and enhanced product offerings by OEMs, Icra said and added, lower emissions in CNG vehicles would also help OEMs (original equipment manufacturers) comply with the impending Corporate Average Fuel Economy (CAF) norms. Noting that a cohesive approach from all stakeholders is ...

Murugappa group's Chola expects 30% AUM growth next fiscal, bets on EVs

Chennai-based company is expanding EV presence by forming tie ups with original equipment manufacturers

Volvo may set up its new EV manufacturing facility in India: Report

Volvo, in 2022, had announced its plans to expand its certified used-car business across India by early 2024

BluSmart to break even by March; two mfg units on cards: Anmol Jaggi

The EV ride hailing service plans to double its fleet by year end; to explore quick hail

Funding for electric vehicle sector up 117% in 2022, at $1.6 billion

The Budget exemption for Customs duty on capital goods and machinery for manufacture of EV batteries, and the duty cut on lithium batteries from 21 per cent to 13 per cent will lower prices

Maharashtra tops list of states buying EVs through FAME scheme

In electric four wheelers, including cars, Delhi came top

Heavy Industries ministry budget doubled; 93% goes towards e-mobility

79% of the total Rs 6171.63 cr that the ministry received was for FAME

Electric car maker Rivian aims to cut costs, lays off 6% of workforce

Despite a massive initial public offering in November 2021, the price of Rivian's shares has dropped by about 90 per cent as of Tuesday's closure

Future tech: I truly believe this is India's decade, says Bhavish Aggarwal

The Finance Minister's Budget speech today clearly laid down the pathways towards India entering its 'Amrit Kaal', strengthening the foundation of a technology-driven and knowledge-based economy

Union Budget 2023 gives EVs a big charge; boosts vehicle scrappage

Centre and states to provide 25% tax rebate on road tax for vehicles purchased to replace scrapped ones

Two-wheeler electric vehicle sales in India to reach 22 mn by 2030: Report

As the electric vehicle (EV) adoption grows in India, the electric two-wheeler sales volume in the country is likely to reach 22 million by 2030, a report showed on Wednesday

BMW evaluates more battery electric vehicles for India amid growing demand

BMW, along with rival Mercedes, is looking to capitalize on this demand at a time when Tesla has decided to stay out because of high import taxes on EVs