RACEnergy joins hands with HPCL to launch first Battery Swap Station in Hyderabad

Three stations will be live in January 2022 at prime HPCL locations in the city  RACEnergy, a leading electric vehicle infrastructure company, today inaugurated its first Battery Swap Station in Hyderabad along with Hindustan Petroleum Corporation Limited (HPCL), one of the largest energy companies in India. Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government, and Gautham Maheswaran, CTO and Co-Founder, RACEnergy, inaugurated […]

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Battery Swapping Market Leader, Battery Smart, Raises $7 Million in Pre-Series A Round

Plans to expand to three new territories and service 10,000 EVs daily by FY22 Battery Smart, India’s largest and fastest-growing battery swapping network for electric vehicles, today announced that it raised a Pre-Series A round of $7 million. The funding round was led by Blume Ventures and Orios Ventures, along with investments from Green Frontier […]

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TVS Motor Company signs MoU with Tata Power

Companies to collaborate on electric two-wheeler charging eco-systemacross the country TVS Motor Company, one of the leading manufacturers of two-wheelers and three-wheelers globally, has entered into a strategic partnership with Tata Power, one of India’s largest integrated power companies. As part of the MoU, the two companies have agreed to drive the comprehensive implementation of […]

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Spark Minda Group forms strategic partnership with EVQPOINT solutions to grow EV footprint

Partnership to develop high-quality, made-in-India battery charging solutions portfolio for EVs Minda Corporation Limited (MCL), through its 100% subsidiary Spark Minda Green Mobility Solutions, has entered into definitive agreements for acquiring 26% equity stake in charging solutions startup EVQPOINT Solutions. The investment will see Spark Minda Group become EVQPOINT’s exclusive technology and manufacturing partner for […]

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Chargeup launches #TheBigSwap campaign to spread awareness on battery swapping

Unique campaign underscores the importance of battery swapping for EV adoption and environmental protection Chargeup, India’s largest battery-swapping network for e-rickshaws, has come up with a digital campaign called ‘#TheBigSwap’ ahead of World Environment Day. The week-long campaign features an engaging and interactive mix of content highlighting how battery swapping is key to easy and […]

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Magenta EV Solutions closes Series A round funding of INR 120 Crores

Navi Mumbai-based, Electric Vehicle (EV) charging solutions company, Magenta EV Solutions Pvt. Ltd. confirmed commitment in excess of USD 15 million (INR 120 Crores) in Series A funding from eminent Indian-American cardiologist, philanthropist billionaire and business serial entrepreneur, Dr. Kiran Patel. Incorporated in 2017, Magenta was founded by Maxson Lewis and Darryl Dias. The duo […]

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