Page 92 - Electric Vehicles

Delhi EV capital with highest number of electric vehicles: CM Kejriwal

Chief Minister Arvind Kejriwal on Tuesday said Delhi has become the country's EV capital with the highest number of electric vehicles being bought in the city. Speaking at the inauguration of 42 charging stations, Kejriwal also claimed that pollution levels in the national capital have declined since 2014. "We started promoting EVs to curb pollution and keeping in mind that they are the future. We framed a policy in 2020 for EVs and set a target that, by 2025, one-fourth of all vehicles bought in Delhi will be electric," Kejriwal said. The Delhi EV Policy was launched in August 2020 with the aim of establishing the city as the country's EV capital and accelerating the pace of EV adoption across vehicle segments, especially in the mass category of two-wheelers, public and shared vehicles and goods carriers. "...I am happy to share that 13 per cent of all the vehicles bought in Delhi are electric ones. Since August 2020, 1.28 lakh electric vehicles have been bought in Delhi," he furt

EV firm Oben raises Rs 40 cr in pre-Series A, will start deliveries in July

EV startup Oben Electric on Tuesday said it has raised Rs 40 crore in an extended pre-series A round and also announced it will start delivering its electric motorcycle Rorr to customers in Bengaluru from next month. The company has so far secured a total funding of Rs 88 crore, including Rs 72 crore (both in equity and debt) in the pre-Series A round, Oben said in a statement. The capital infusion will help the company in scaling up its production capacity at the Bengaluru facility to 100,000 units per year as well as meet the working capital requirements for distribution expansion, it said. The Bengaluru-based EV startup which has a distribution network across major cities in the country, plans to meet the demand of 21,000 pre-orders by scaling up its manufacturing capacity, the company said. The funding round attracted both Institutional investors such as Stride Ventures and Indian Renewable Energy Development Agency (IREDA), along with new investors including Mumbai Angels and

Arkam Ventures launches second fund with a target corpus of $180 mn

Through the fund, the firm will make investments in Series A and Series B start-ups, with a focus on emerging sectors like electric vehicles and manufacturing technology

Tata Power partners with Le Roi Hotels to install 16 EV charging stations

Tata Power on Monday said it will install EV charging infrastructure at various hotel locations of Le Roi Hotels and Resorts across India. In a statement, Tata Power said it has "partnered with Le Roi Hotels and Resorts to install EV charging stations across their hotels at various locations in the country, in a collaborative effort to promote green mobility and enhance the sustainability of tourist destinations". Tata Power will install 16 chargers spread across 8 locations. There will be a balanced distribution of 8 fast DC (CCS-II) chargers and 8 AC (Type II) chargers, offering a comprehensive range of charging solutions for electric vehicle owners. The locations include Udaipur, Digha, Haridwar, Jammu, Tehri, Raipur, Corbett and Koti. "We aim to empower both residents and travellers to wholeheartedly embrace electric mobility with utmost confidence, creating a seamless and convenient experience for all," Virendra Goyal, Head of Business Development (EV Charging) at Tata Power,

Epsilon to establish EV battery component factory in US, sets aside $650 mn

Mumbai-based Epsilon will generate more than 1,500 direct and indirect jobs at this new facility. The facility is expected to be commissioned by 2026

Orxa Energies inaugurates new facility ahead of electric bike launch

The announcement comes ahead of the launch of Mantis, the company's flagship electric performance motorcycle. It is expected to be available for bookings by the end of this year

Punjab announces Rs 300 cr incentive to promote use of electric vehicles

Punjab's transport minister Laljit Singh Bhullar has said the state government will provide incentives worth around Rs 300 crore in the next three years to promote the adoption of electric vehicles (EVs) and reduce pollution. These incentives will be provided on electric two-wheelers, e-cycles, e-rickshaws, e-autos and electric light commercial vehicles. He directed the officials of the transport department to write a letter to the finance department for creating a dedicated EV fund to facilitate initiatives for the adoption of the EVs in the state. He was presiding over a meeting of the state level EV committee, which has been set up for the implementation of the Electric Vehicle Policy-2023, here on Wednesday. According to an official statement, Bhullar took details of the responsibilities entrusted to various departments concerning the implementation of the EV policy and asked officials to ensure speedy implementation. Bhullar instructed the Punjab State Power Corporation Ltd a

Aether Industries hits record high; rallies 10% on fund raising via QIP

Aether Industries on Monday, June 19, launched a QIP issue to raise up to Rs 750 crore and fixed the floor price of the issue at Rs 984.90 per share.

Day 1 of PM Modi's US trip: From EVs to space; here's what was discussed

Apart from Elon Musk, PM Modi met Nassim Nicholas Taleb, Robert Thurman, and Neil deGrasse Tyson, among others on the first day of his US trip

Matter Motor Works partners with Airtel Business for its AERA motorbikes

Airtel IoT to power 300,000 Matter Aera, India's first geared electric motorbike

Centre planning to stop subsidies of firms found violating FAME-II norms

Companies may be debarred from availing subsidy under FAME-II and also return the subsidy availed on the sale of vehicles in the last 15 months

Here's how to stop your EV batteries from ending up in a landfill

Electric vehicle batteries cover an ever-changing gamut of established and emerging chemistries and mechanical design

Number of EV chargers in S Korea hits 240,000 amid growing popularity: Data

The number of chargers for electric vehicles in South Korea has surpassed 2,40,000, data showed on Sunday, amid the growing popularity of eco-friendly cars in the country

Delhi govt plans EV festival to promote safe usage; drafts proposal: Report

The series of EV festivals will also bring stakeholders, which will include buyers, sellers, battery providers, and swapping agencies - for all segments of two, three, and four-wheelers

Is the government investing too much on electric vehicles?

Due to less stringent policies and vast mineral resources in China, it would be extremely difficult for the homegrown batteries to compete and abide by the environmental regulations in India

Electric bus of BEST catches fire while parked in Mumbai depot: Official

An electric air-conditioned bus of the civic-run Brihanmumbai Electric Supply and Transport (BEST) caught fire while parked in a depot in suburban Malvani on Friday afternoon, an official said. Nobody was injured in the incident. The fire started around 2.55 pm on the rooftop of the single decker e-bus manufactured by Tata Motors, said a BEST spokesperson. "The fire brigade was called immediately and the fire was doused," he added. The bus, hired from a private contractor, had completed a 53 km run since Friday morning on route no 359 and arrived at the depot around 1 pm, the spokesperson said. " Officials are investigating the cause of the fire," he added. A civic official said the fire started in the AC unit installed on the roof of the bus. As the bus was empty, nobody was injured, he added.

Japan-based Musashi forays into Indian EV market with Rs 70-cr investment

Musashi will collaborate with BNC Motors for expansion into the EV market

Elon Musk advises Toyota to join NACS; all you need to know about it

NACS stands for North American Charging Standard (NACS) which was previously known as a Tesla charging connector. It has been developed by Tesla Inc

Tamil Nadu eyes $6 bn investment in EVs, 150,000 jobs in five years

This comes after the state attracted nearly Rs 24,000 crore in investments in this space, creating almost 48,000 jobs during the pandemic period

Auto parts maker Musashi enters India's EV space, to invest Rs 70 cr

Japanese auto parts maker Musashi on Friday announced its entry in the electric mobility space in India in collaboration with BNC Motors and said it will invest Rs 70 crore in the first phase of the business. Musashi India, a wholly-owned subsidiary of Musashi Seimitsu Industries, manufactures transmission components for IC engine-powered two and four wheelers. The company said it will use its platform of design and engineering capability to manufacture its new EV unit consisting of a motor, PCU, and gear box, it said. The company said it will manufacture the e-Axle at its Bengaluru plant, starting October. Musashi will spend Rs 70 crore in phase-1 to set up an assembly line for the product at its manufacturing facility in Bengaluru, it said. We are bringing Musashi's expertise and advanced technology to the electric mobility sector in India. Our focus is to provide components that are essential for the growth and success of electric vehicles, said Toshihisa Otsuka, CEO India and