Page 2 - Electric Vehicles

E-2W maker Ultraviolette raises $85 mn to scale production, expand presence

Ultraviolette Automotive has raised USD 85 million in a funding round led by Yali Capital and TDK Ventures as it looks to scale up production of its existing and upcoming products and expand its presence in overseas markets, including the US in 2027, the electric two-wheeler maker announced on Wednesday. The Bengaluru-based company, which currently sells its products in India and 20 European countries, said international sales account for around 15 per cent of its overall volumes and are expected to rise to 25 per cent as it scales its global operations. The fresh capital will be deployed towards scaling manufacturing of its existing F77 and X-47 models, as well as upcoming products Tesseract and Shockwave, Ultraviolette CEO and co-founder Narayan Subramanian told PTI. "This is a growth-stage investment, and the capital will be deployed across multiple areas that will support the next phase of the company's expansion. "This includes scaling production for our current products F77 a

Instamart plans to expand battery-swapping stations network to boost EVs

Quick commerce platform Instamart on Wednesday announced its plans to strengthen its battery-swapping stations network by installing facilities closer to its micro-fulfilment centres or dark stations to boost EV adoption in last-mile delivery. The company said this initiative is a part of its partnerships with electric mobility-as-a-service (MaaS) platform operator Yulu and battery swapping network platform Yuma Energy to address two practical barriers to EV adoption -- access to affordable electric two-wheelers and charging-related downtime. Instamart is working with Yuma Energy to bring battery-swapping infrastructure closer to delivery partners by providing space at its PODs (dark stores) for Yuma's swapping stations, it added. The first battery-swapping station was inaugurated earlier this month at the Instamart POD (Dark store) in Bengaluru, bringing energy access closer to where delivery partners operate, Instamart said. Yuma Energy currently operates more than 2,000 ...

EVs, CNG gain ground as India's automobile fuel mix steadily shifts

EVs gain ground across vehicle segments as petrol, diesel shares ease

Delhi tops NITI Aayog's electric mobility index 2025, Maharashtra follows

The index assesses states and UTs on key parameters such as transport electrification, electric vehicle (EV) charging infrastructure, and research and innovation

States must now prioritise public transport electrification: Rajiv Gauba

NITI Aayog member Rajiv Gauba says targeted electrification of public transport and reliable charging networks can accelerate India's shift to electric mobility

Ather Energy on a long growth road, but hurdles remain along the way

Rising electric two-wheeler adoption, capacity expansion and a mass-market platform could drive Ather's growth, but competition and supply risks remain

Trump open to Chinese EV firms building cars in US with American workers

The US president said Chinese automakers could set up plants in the country and employ American workers, while ruling out imports of China-made vehicles and production in Mexico for US sales

Ebus exports may be up to 20% of output in 5 years, says Olectra MD

Olectra Greentech eyes exports from FY28, targets 10-20% of production in five years

States should not put a price cap on EV road tax benefit: BMW India CEO

BMW India chief Hardeep Singh Brar says price-based caps on EV road-tax benefits could push luxury-car buyers to neighbouring states and weaken the clean-vehicle transition

Ultraviolette bets on scooters to drive volumes as Hosur plant takes shape

Tesseract targeted to quickly scale to 10,000 units a month; EV maker sees scooters and motorcycles contributing equally at scale, exports rising to 25% of volumes

Greaves overtakes Ola Electric, enters top five E2W makers in September

Greaves Electric Mobility recorded 2,645 registrations and a 4.6 per cent market share in the first nine days of September, moving ahead of Ola Electric

Ultraviolette plans ₹779 crore Tamil Nadu plant as EV demand surges

The Hosur facility will initially produce 250,000 electric two-wheelers annually and can scale to 500,000 units as the company targets India's growing mass-market EV segment

Rural India drives two-wheeler demand, but petrol retains 94% share

Rural India accounts for 55% of 2W registrations, but EV penetration is nearly half that in cities

Electric PV and e2W sales rise on-year, dip sequentially in August

VinFast climbs to 4th, Hyundai's registrations more than double

Jio-bp, DRIVN in pact to explore charging solutions for commercial EV fleet

Jio-bp, the operating brand of Reliance BP Mobility Ltd -- a joint venture of Reliance Industries and bp -- on Tuesday announced it has signed an MoU with electric vehicle (EV) leasing platform DRIVN, to explore opportunities to strengthen charging infrastructure across India for commercial EVs, including trucks and buses. The collaboration brings together DRIVN's commercial EV leasing capabilities and Jio-bp's charging network to address the evolving needs of fleet operators and support the expansion of commercial electric mobility, a statement said. Together, the two companies will explore integrating Jio-bp's charging network with DRIVN's leasing platform, including enhanced charging-location discoverability for fleet drivers. The partnership will also explore preferential tariffs and turnkey EV charging projects across identified cities and highways. Alpna Jain, Co-Founder and Chief Business Officer, DRIVN, said, "As commercial EVs become a larger part of fleet operations, ...

Ather eyes 150-300cc electric motorcycle, launch likely in three years

The company was still working out the exact product and believes understanding what motorcycle buyers want is much more important than any technological challenges

Blended finance, leasing models needed to boost e-truck adoption: Gauba

Niti Aayog member Rajiv Gauba said high financing costs, fragmented logistics operations and lack of coordinated corridor planning were holding back e-truck adoption

NIT Rourkela develops hybrid energy system to extend EV battery life

The patented system combines an EV battery with a supercapacitor to handle sudden power demand, reduce battery stress and improve operating life in low-voltage vehicles

VinFast steps up India localisation push, engages over 300 suppliers

EV maker plans India-specific models with higher local content; gets approval for Phase 2 expansion of its Thoothukudi plant under a $500 million investment plan

Design, domestic value addition key to India's EV transition: Kumaraswamy

Union Minister H D Kumaraswamy on Wednesday urged the automotive industry to focus on design and domestic value addition to drive India's EV transition, saying the success of the country's electric mobility cannot be measured only by the number of electric vehicles sold. The Minister for Heavy Industries and Steel called on the automobile and auto component industry to invest more boldly in cleaner, more efficient, and emerging technologies - not only to make in India, but to make for the world. "The Ministry of Heavy Industries will continue to work closely with ACMA, SIAM, and industry stakeholders to improve scheme implementation, resolve operational issues, and create an enabling environment for investment and innovation," Kumaraswamy said. The minister said government schemes are supporting investment, domestic value addition, advanced technology, manufacturing, and the transition to cleaner mobility. He observed that India's green mobility transition is gathering ...