Yuma Energy, India’s fastest-growing battery swapping network, has raised $35 million in Series A funding from Magna International Inc., one of the world’s largest automotive suppliers. The funding will support the expansion of Yuma Energy’s battery swapping infrastructure across India as the company builds on its momentum of delivering over 60 million battery swaps across […]
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Kinetic Watts & Volts Ltd. (KWV) is strengthening its growth strategy with a focused push towards international markets, evaluating opportunities across Turkey, Nepal, Sri Lanka, Bangladesh, Kenya, Nigeria, and Egypt, as it looks to take its electric two-wheeler proposition global. The international expansion comes on the back of significant domestic momentum. The company currently has […]
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Ola Electric has received a sanction order from the Ministry of Heavy Industries, Government of India, for the release of incentives amounting to ₹95.81 Crore (₹95,80,91,273) under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme). The sanction pertains to the Demand Incentive under the PLI-Auto Scheme for FY 2026-27, and authorises the payment to […]
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Ola Electric has launched the S1Z, its most accessible scooter range, becoming the first scooter in India to feature the company’s indigenously developed Bharat Cell LFP technology. Available in 3.1 kWh and 5.1 kWh variants at introductory prices of ₹79,999 and ₹99,999 (ex-showroom) respectively, the S1Z targets the country’s largest EV buying segment. The 3.1 […]
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TVS Motor Company has announced the appointment of Mr. Peyman Kargar as Director and Chief Executive Officer, effective January 27, 2027. He will succeed Mr. K. N. Radhakrishnan, who will continue in his role until then to ensure a seamless transition, before serving as Non-Executive Director until the AGM scheduled in July 2027. Mr. Kargar […]
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TVS Motor Company has launched the TVS iQube MillionR Special Edition, celebrating the milestone of one million customers for its flagship electric scooter. The limited edition model honours the trust placed by customers who have embraced electric mobility with TVS iQube, while reinforcing its position as India’s favourite family EV. Based on the popular TVS […]
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Ultraviolette has announced the launch of a comprehensive rider training academy that brings together its two established model-specific riding properties: ‘Into the Wild,’ designed for the X-47, and ‘Track Attack,’ created for the F77, under a unified rider-development platform spanning off-road and track riding. The academy will offer two distinct training pathways. Into the Wild […]
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E3 Electric.Ai, a Bengaluru-based electric mobility startup, today announced the opening of its first Experience Centre in Koramangala, Bengaluru, on August 15, 2026, marking a fitting Independence Day milestone for a scooter designed in India, for the world. The 2,500 sq. ft. flagship centre combines sales, service, and spares, allowing customers to explore, experience, and […]
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Yulu, India’s leading electric mobility-as-a-service (MaaS) platform, today announced the successful completion of its Series C funding round, raising $93 million through a combination of $63 million in equity led by GEF Capital Partners and $30 million in debt. The raise, the largest in the company’s history, consolidates Yulu’s leadership in the quick-delivery and hyper-local […]
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Ampere, the E2W brand from Greaves Electric Mobility Limited, today announced a major technology upgrade for its best-selling Magnus G Max. Powered by the new NxG.io software platform, the upgraded scooter now offers 30+ IoT-enabled features designed to make everyday riding easier, safer, and more convenient, including Cruise Control, Hill Hold, Turn-by-Turn Navigation, Find My […]
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