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Electric Vehicles

Electric Vehicles – Latest news, funding & startup financials, governments policies, sector landscape of Electric Vehicles in India

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Pune Can Become A Transport Hub For Electric Vehicles: Nitin Gadkari

Pune Can Become A Transport Hub For Electric Vehicles: Nitin Gadkari

Road Transport and Highways Minister Nitin Gadkari on Friday (May 6) said…
Jindal Mobilitric Makes Its EV Foray, Acquires EV Startup Earth Energy

Jindal Mobilitric Makes Its EV Foray, Acquires EV Startup Earth Energy...

Marking its foray in the electric vehicle (EV) sector, Jindal Worldwide, via…
Battery Swapping: Will Asian Startups Dominate The Tech In The Future?

Battery Swapping: Will Asian Startups Dominate The Tech In The Future?...

With electric vehicles becoming more prominent, researchers around the world are looking…
Lessons From The Indian Electric Vehicle Market: Decoding The Challenges

Lessons From The Indian Electric Vehicle Market: Decoding The Challeng...

With the arrival of emobility, the Indian automobile sector is undergoing a…
The fund will majorly focus on tech startups operating in segments—mobility, electric vehicles, artificial intelligence and blockchain.

Equanimity Investments Rolls Out $45.5 Mn Fund To Back Tech Startups

Mumbai-based venture capital company, Equanimity Investments has initiated its second fund. For…
Why India Needs To Mobilise Financing For Electric Vehicles

Why India Needs To Mobilise Financing For Electric Vehicles

The world today is standing on the pedestal of transformation. With more…
Why India Needs To Mobilise Financing For Electric Vehicles

How Can India Ensure A Higher EV Adoption Rate

The electric vehicle (EV) industry has seen a drastic change over the…
Expectations of EV Players That Remain On Paper Only Of course, in the run up to the budget, the EV ecosystem had plenty of other demands from the government that were neglected by Sitharaman. Akash Gupta, cofounder and CEO of Zypp Electric, believes there's a lot of confusion even for swapping companies, which has dampened EV adoption. “I would have loved it if GST on battery and spare parts had also been reduced to 5%, like it's there for electric vehicles purchases; this would also help the entire electric vehicle ecosystem," he said. Further, a holistic approach is needed to ensure a robust network of swappable packs and swap stations so that it merges seamlessly with the existing consumer behaviour around refuelling vehicles. More adaptable FAME-II norms were another demand that has been ignored in the budget. Coupled with production-linked incentives (PLI), this would have helped the industry invest in EV infrastructure The EV industry had also hoped that the budget would cut import duty on raw materials. PLI on the lines of automobile or semiconductor manufacturing would have boosted localisation efforts of EV players. Original equipment manufacturers are at present struggling under the present inverted duty structure. The EV players had also demanded low-cost finance options for smoother adoption of electric vehicles and placing EV financing under priority sector lending. This would have gone a long way for EV adoption The long list of expectations and demands also included government support for R&D in affordable and indigenous battery technology development, the biggest pain point for EV players. Dependence on lithium imports from China is considered a strategic disadvantage for Indian EV manufacturers.

EV Players Welcome Budget’s Battery Swapping Policy, But Rue GST Miss...

Finance minister Nirmala Sitharaman’s announcement that the government will come up with…
Union Budget 2022: Good News For EV! Battery Swapping, Interoperability Standards To Be Notified

Union Budget 2022: Good News For EV! Battery Swapping, Interoperabilit...

In a bid to promote cleantech in public transport, the finance minister…
Amid Rising Competition In EV Space, Hero To Invest INR 420 Cr In Ather Energy

Amid Rising Competition In EV Space, Hero To Invest INR 420 Cr In Athe...

Hero MotoCorp has received board approval to further invest INR 420 Cr…
Electric commercial vehicle startup EVage has raised $28 Mn in seed funding from RedBlue Capital. Founded in 2019 by Inderveer Singh and Pulkit Srivastava, EVage aims to supply all-electric commercial vehicles to the delivery fleets of Indian logistics companies. It will use the freshly-infused capital to complete its ‘production-ready’ factory outside Delhi in FY2022-23 and scale up production.

EV Startup EVage Raises $28 Mn To Make Commercial Vehicles

Electric commercial vehicle startup EVage has raised $28 Mn in seed funding…