The Grand Challenge invites state transport undertakings (STUs) to express their demand for electric buses and access the FAME-II subsidy, for which a total of 3,472 buses of subsidy equivalent is available, according to the statement New Delhi : State-owned Convergence Energy Services Ltd (CESL) on Thursday announced floating of ‘Grand Challenge’, a set of […]
Electric Vehicles
Alternative energy space heating up; prefer EV, solar power-focused cos: Nepean Capital
Nepean Capital would look at companies with a focus on electric vehicles and solar power, Gautam Trivedi, co-founder and managing partner, told CNBC-TV18. Nepean Capital would look at companies with a focus on electric vehicles and solar power, Gautam Trivedi, co-founder and managing partner, told CNBC-TV18. “The key area to focus on are some of […]
CNG to HCNG model ”capital-intensive”; Delhi govt unlikely to scale up pilot project – EQ Mag Pro
New Delhi : Almost a year after Delhi started a trial of 50 Hydrogen-enriched CNG buses, the government is likely to abandon plans to scale it up, with officials saying the reduction in nitrogen oxide (NOx) levels is debatable and the return and investment is not commensurate. Officials also said the question of converting CNG […]
BP leads USD 25 mn funding round in EV ride-hailing start-up BluSmart – EQ Mag Pro
New Delhi : BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart. It led a USD 25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors, the firm said […]
Ola Electric lands $200 million funding from Falcon Edge, SoftBank and others at $3 billion valuation – EQ Mag Pro
The funds raised will be used to accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car. Ola Electric said on September 30 that it has raised over $200 million financing led by Falcon Edge, SoftBank and others, at a valuation of $3 billion. The funds raised will be […]
Maharashtra govt will buy or rent only EVs from April 2022, says Aaditya Thackeray – EQ Mag Pro
The Maharashtra govt had in early July announced its new EV policy with an aim to have a 10 per cent share of the electric vehicles in total registrations by 2025. The existing fleet of vehicles with various Maharashtra government departments can not be replaced or scrapped immediately as it would cost a lot of […]
Ford announces $11.4 billion investment for electric vehicle production – EQ Mag Pro
This investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality WASHINGTON : US car manufacturer Ford said Monday it plans to invest $11.4 billion in electric vehicle production, building four new plants that will create 11,000 new jobs by 2025. Together with […]
TVS to launch complete range of electric two-, three-wheelers in next two years – EQ Mag Pro
TVS has engaged a team of over 500 engineers in development of new electric vehicles. The range of EVs will be launched in phases over the next two years including both two-wheelers and three-wheelers in both passenger and cargo vehicle segments. TVS Motor Company plans to launch a complete range of electric two- and three-wheeler […]
Privatization-bound BPCL to invest ₹1 lakh cr to become future-ready – EQ Mag Pro
BPCL owns and operates three refineries at Mumbai, Kochi in Kerala and Bina in Madhya Pradesh The investment will help BPCL prepare for the future where conventional fuels and zero-carbon mobility in form of electric vehicles (EVs) and hydrogen will co-exist, while giving it the option to convert a greater degree of crude oil directly […]
TVS Motor to launch complete range of 2- and 3-wheelers in next two years; eyes dominance in EV space – EQ Mag Pro
“We are excited about EVs. We’re investing in building capability and products to play a leading role in this in the EV space going forward, which we believe will grow fast,” TVS Motor Company Joint Managing Director Sudarshan Venu told PTI. New Delhi: Chennai-based TVS Motor Company will launch a complete range of electric two […]