electric-vehicles

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Daily News Wrap-Up: MNRE Changes CFA Rate for Biomass Pellet Production

The Ministry of New and Renewable Energy has revised the Central Financial Assistance (CFA) rates for biomass pellet manufacturing units under the National Bioenergy...

July 19, 2024

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Mercom Staff

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Daily Wrap-up
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Ride-Hailing Firm MyPickup Secures ₹15 Million in Seed Funding

Electric vehicle (EV) ride-hailing startup MyPickup raised ₹15 million (~$179,293) in seed funding led by Inflection Point Ventures (IPV). MyPickup plans to use the...

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BIS Launches New Standards to Enhance Safety and Quality of EVs

The Bureau of Indian Standards (BIS) has unveiled two standards, IS 18590: 2024 and IS 18606: 2024, aiming to enhance the safety of electric vehicles (EV) across various...

June 25, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Amara Raja Invests €20 Million in InoBat, Ups Stake by 4.5%

Battery manufacturer Amara Raja Energy & Mobility has invested an additional €20 million (~$21.4 million) in electric vehicle (EV) battery firm InoBat, Norway, for a...

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EU Slaps Additional Duties of Up to 38.1% on Chinese EVs

The European Commission has announced it will impose additional tariffs of up to 38.1% on Chinese Battery Electric Vehicles (BEV) from July on grounds that they were...

June 17, 2024

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B.S. Nagaraj

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Electric Vehicles
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Hero MotoCorp Increases Stake in EV Firm Ather by 2.2%

Hero MotoCorp has increased its stake in electric mobility firm Ather Energy by 2.2% by purchasing shares worth ₹1.24 billion (~$14.85 million). The indicative period...

June 11, 2024

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Staff

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Electric Vehicles
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EU, India Invite Expressions of Interest for Battery Recycling Collaboration

The European Union and India have announced a matchmaking platform to foster collaboration among startups working towards battery recycling technologies for electric...

April 10, 2024

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Mercom Staff

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Energy Storage

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Tenders & Auctions
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ChargePoint’s Q4 Revenue Drops 24% as EV Adoption Slows

California-based electric vehicle (EV) charging firm ChargePoint reported a fourth-quarter (Q4) 2024 revenue that was 24% lower than last year as slowing EV adoption...

March 6, 2024

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Arshreet Singh

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Electric Vehicles

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Finance and M&A
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responsAbility Injects $25 Million in BluSmart to Expand EV Charging Network

Switzerland-based responsAbility, an impact-investment firm with over $4.7 billion in assets under management, said it would invest up to $25 million in BluSmart, an...

January 30, 2024

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Arshreet Singh

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Electric Vehicles

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Finance and M&A
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Taiwan-based ProLogium Opens Giga-Scale Solid-State Battery Factory

Taiwan-based solid-state battery manufacturer ProLogium opened a giga-scale lithium ceramic battery factory called Taoke in Taoyuan, Taiwan. The factory has a planned...

January 29, 2024

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Arshreet Singh

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Energy Storage

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Other
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Battery Startup IBC Raises $35 Million to Fund Factory in Bengaluru

International Battery Company (IBC), a lithium-ion battery startup, raised $35 million (₹2.91 billion) in a pre-series A round led by RTP Global, a venture capital firm...

January 18, 2024

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Arshreet Singh

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Energy Storage

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Finance and M&A
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Month in a Minute: Top Headlines from the Indian Renewable Sector in December 2023

India installed over 1.3 GW of rooftop solar capacity in the first nine months (9M) of the calendar year 2023, an increase of 12% year-over-year (YoY), according to...

January 3, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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ChargePoint’s Q3 Revenue Drops 12% YoY as Demand for Charging Infra Dwindles

Electric vehicle (EV) charging solution provider ChargePoint’s revenue for the third quarter (Q3) of 2023 came in at $110.3 million, a 12% year-over-year (YoY) decrease...

December 7, 2023

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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CESL Invites Bids to Procure 3,600 Electric Buses under PM-eBus Sewa Initiative

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has invited bids to select an operator for the...

November 21, 2023

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Gautamee Hazarika

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Electric Vehicles

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Grid

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Tenders & Auctions
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CEA Recommends Measures for EV-to-Grid Charging

The Central Electricity Authority (CEA) has suggested measures to standardize and ensure the interoperability of batteries to facilitate the integration of electric...

November 15, 2023

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Gautamee Hazarika

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Electric Vehicles

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Grid

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