The funding will be used to boost operational efficiency and for technology development Fresh Bus, India’s first full-stack sustainability-centric shared mobility company, has secured a second seed funding of INR 7.5 Crores from multiple marquee investors that include Kunal Shah, Founder and CEO of CRED; Sudarshan Venu, Managing Director of TVS Motors; and Deepak Garg, Founder and CEO of […]
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Infusion to fund expansion of product portfolio, R&D & operations The Board of Directors of Ashok Leyland have approved an investment of Rs. 1200 cr. in Switch Mobility as equity through its holding company Optare PLC UK. The funds infused will be used for capital expenditure, R&D and meeting operational requirements both in UK and India. The funds will be infused over the next […]
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Tata Sons has announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually. This investment of over £4 billion is an integral part of Tata Group’s commitment to electric mobility and renewable energy storage solutions and establishes a competitive green tech ecosystem in the UK […]
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President Biden has set a goal of having electric vehicles make up half of U.S. vehicle sales by 2030. In an effort to decrease the United States’ reliance on overseas producers, the Biden administration plans to make $3 billion from the $555 billion infrastructure law available to companies working to boost U.S. manufacturing of EV […]
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Exide Industries has announced an investment of Rs. 6000 crores in Karnataka as part of its plans to set up a Lithium-ion cell manufacturing giga factory in the state. Subir Chakraborty, MD & CEO, Exide Industries, met with Basavaraj Bommai, Karnataka CM, and his team to confirm the investment. Exide has requested 80 acres of land in the Haraluru Industrial Area near […]
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With its next generation of pure electric cars, Volvo Cars aims to offer customers a longer range, quicker charging and lower costs, and reach new milestones in automotive safety and sustainability. To realise these ambitions, Volvo Cars will invest SEK 10 billion in its Torslanda manufacturing plant in Sweden in coming years, in preparation for […]
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Signs MoU with Youth Rural Entrepreneur Foundation (YREF) to create 10,000 jobs in 2 Years (L- R) : Sunil Singh, CEO, Youth Rural Entrepreneur Foundation (YREF); Sanjay Rai Sherpuria, Founder – Youth Rural Entrepreneur Foundation (YREF), Dr. Deb. Mukherji, MD – OSM; OP Singh, SP – Ghazipur; MP Singh, DM – Ghazipur; Sunita Singh, MLA – […]
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Volvo Group Venture Capital AB has invested in Driivz Ltd., a leading global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. The Driivz platform functions as an operating system for electric vehicle (EV) charging networks and is used by the operators of charging points, EV fleets […]
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Euler Motors, home-grown OEM-focused electric CV company, has raised Rs. 30 crores as a part of its ongoing Series A round, led by existing investors, Inventus India and Jetty Ventures. Existing investor Sujeet Kumar, Co-founder, Udaan also participated in this round, along with new investors Srinivas Anumolu & K Ganesh from Growth Story. Euler Motors […]
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