The fundraising would be managed by investment bank Goldman Sachs, and the funds would be raised from existing and marquee global investors and sovereign funds, the sources added. E-vehicle manufacturer Ola Electric is close to raising funds of around USD 300 million for its expansion plans and to meet other corporate needs,
Replying to a separate question, Gadkari said National Highways Authority of India (NHAI) has planted 344.27 lakh tress under Green Highways Policy during the period 2016-17 to 2022-23 (up to February 2023). Union Road Transport and Highways Minister Nitin Gadkari on Thursday said more than 2.78 lakh electric vehicles have
PTI – Manufacturers of braking equipment for automotive and non-automotive applications, Brakes India has unveiled ZAP brake pads with advanced friction technology for electric vehicles, the company said on Saturday. The ZAP brake pads with enhanced corrosion protection and quiet braking has been specifically designed and formulated to suit the
PTI – The Delhi Transport Corporation is likely to add 100 more electric buses to its fleet by March-end or the first week of April. The new additions will take the Delhi Transport Corporation’s (DTC) electric bus fleet to 400. The Delhi Transport Corporation is likely to add 100 more
Electric vehicles (EVs) have gained significant traction in recent years as a cleaner and more efficient alternative to traditional gasoline-powered cars. With advancements in battery technology, a growing network of charging infrastructure, and increasing consumer demand, EVs have become a viable option for many drivers around the world. Changing the
The mining and supply of domestic lithium to Indian electric vehicle (EV) makers will result in reduction in production cost of lithium cells and in end vehicle production cost, said Anirudh Ravi Narayanan, CEO & Co-Founder, Bharat New-Energy. Queried about the impact of domestic supplies of lithium on the production
Uber Technologies said on Monday it will introduce electric vehicles (EVs) in India for ride-sharing, its first move to adopt clean cars amid an Indian government push for greater electrification of public transport and shared mobility. With plans to introduce 25,000 EVs over three years, Uber is stepping up competition with local rival BluSmart, an
The sale of electric vehicles rose 28.86% QoQ in Q4 2022 (October-December), according to a latest report of JMK Research. The report claimed that a total of 3,57,248 EVs were sold in the quarter, the majority of which were electric two-wheelers. While registered E2W sales accounted for 65.13% of total
PTI – The Ather Grid (charging station) is today the biggest fast-charging network for two-wheeler EVs in the country with 60 per cent of current installations in Tier- II and Tier-III cities, the Bengaluru-based company said in a statement. Electric two-wheeler maker Ather Energy on Thursday said it plans to install over 2,500
