Delhi-based battery swapping start-up Chargeup has raised $2.5 million (Rs 18 crore) in pre-Series A round led by Capital-A and Anicut Capital. The start-up aims to set up battery swapping network for electric two- and three-wheelers. The investment round also saw participation from actors Tiger Shroff; Shraddha Kapoor; Aman and Sameer Mehta (co-founders of Boat). […]
Battery swapping, PLI scheme will prove beneficiary, says FICCI Renewable Energy CEO – EQ Mag Pro
New Delhi : Ranjit Gupta, Chairman, FICCI Renewable Energy CEOs Council and Azure Power CEO, has said that the Union government’s decision for an additional allocation of Rs 19,500 crore under the PLI scheme for manufacturing high efficiency solar photo-voltaic modules will give a huge fillip to domestic manufacturing. This will improve the availability of […]
IOC launches battery swapping facility for quick recharge of EVs
IOC is the country’s top fuel retailer, controlling close to half of the market. But, it is now making a foray into EV charging New Delhi: India’s top oil firm IOC on Friday launched a battery swapping facility for electric vehicles (EVs) at its petrol pumps, offering to replace discharged batteries with fully charged ones […]
Battery Swapping Should Come Under FAME’s Ambit: Piaggio India
Since vehicles running on battery swapping technology have been kept of out of the ambit of FAME2, the end customers cannot avail of any incentives under FAME2 scheme. Piaggio Vehicles (PVPL), a 100 per cent subsidiary of the Italian Piaggio Group, opined that the government should consider giving incentives for electric vehicles which are not […]
Include battery swapping for incentive under FAME-II scheme: FICCI
“The current guidelines of the scheme are not very clear about support for such models. Hence, the need for clarification,” it said. NEW DELHI: Industry chamber FICCI Friday called for inclusion of battery swapping model of charging for incentives under FAME-II scheme to help acceleration of electric mobility in India. The Rs 10,000-crore Faster Adoption […]