The government is committed to accelerating the transition to e-mobility and will release stalled incentives to all electric two-wheeler manufacturers that receive a clean chit in ongoing investigations over the next few weeks, a senior government official said. The government will continue to support industry stakeholders to shift to clean mobility as long as they […]
US investor Vanguard marks down Ola’s valuation by 35% to $4.8 billion – EQ Mag
Vanguard reportedly has about 0.7 per cent stake in the ride-hailing firm US-based investment management firm Vanguard Group has marked down the valuation of ANI Technologies, the parent company of ride-hailing firm Ola, by about 35 per cent to $4.8 billion from $7.4 billion, according to a filing. The value of Ola’s shares held by […]
Magenta Mobility Appoints Satyen Sail as New Mobility Business Head – EQ Mag
Satyen has over 27 years of work experience with international brands such as Coca-Cola, Vodafone, Kingfisher, and Reliance. Magenta Mobility, an integrated Electric Mobility solutions provider, has appointed Satyen Sail as its new Mobility Business Head as the company gears up for growth post its recent investment. Satyen has over 27 years of work experience […]
This tiny electric car comes with a body made of plants, promises a 150 km range – EQ Mag
Liux Geko is a micro-electric car made by a Spanish startup named Liux, comes with a truly sustainable nature. The EV is claimed to have its body materials made from plants. The startup claims that this tiny urban EV is a smaller and more affordable follow-up to the Animal crossover that was unveiled in late […]
More Lithium For EVs: After J&K, New Reserves Found In Rajasthan – EQ Mag
Lithium reserves have reportedly been found in Degana’s Renvat hill and its surrounding areas in Rajasthan, which once supplied tungsten to the country As per officials, the quantity of lithium in Degana is higher than in Jammu & Kashmir and can cater to 80% of the country’s demand Lithium is one of the major elements […]
Joy e-bike in India embarks on a Digital Journey with Excellon Software – EQ Mag
NAGPUR, India : The EV Industry Specialist, Excellon Software, announces yet another Electric Vehicle manufacturer to the portfolio of its customers, the Joy e-bike from WardWizard Innovations and Mobility Limited. WardWizard is an innovation-driven company in the sunrise segment like EV Industry. It is also the country’s 1st Electric Vehicle Manufacturer, which got listed in […]
Brazil’s ride-hailing app 99 aims to double electric cars within a year – EQ Mag
SAO PAULO : Brazilian ride-hailing app 99 is planning to more than double the number of electric cars serving its passengers in Brazil in the next 12 months, with a goal of reaching 1,000 vehicles, the company said on Monday. The target was announced as the Alliance for Sustainable Mobility, a group of 11 companies […]
US electric vehicle startups set for another quarter of steep cash burn – EQ Mag
U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling pressure on a group of companies that are struggling to ramp up production and have few options for funding in a turbulent economy. Having gone public with hopes of shaking up the automobile industry, these companies have seen their […]
Rs 6 crore incentives handed out to 964 EV buyers in 8 months in Chandigarh – EQ Mag
CHANDIGARH: The Chandigarh Renewable Energy and Science and Technology Promotion Society (Crest) of the UT administration has released over Rs 6 crore in incentives to 964 purchasers of electric vehicles (EVs)since the launch of the scheme in September last year to April 30. Under an “Early Bird Scheme” -a special incentive to woo buyers till […]
India to become export hub for Skoda Auto from next year, says co official – EQ Mag
Czech car maker Skoda Auto has said India will become an export hub for the company as it is set to commence exports of vehicle kits for assembly in Vietnam from next year. The company, which posted a whopping 125 percent year-on-year surge in its vehicle sales at 53,721 units in 2022, also sounded hopeful […]