According to exchange statistics, Bhavish Aggarwal, the founder of Ola, has committed or encumbered roughly 8% of his 30% shareholding. He had received the funds from Avendus Group, InCred Alternative…
investment
In the UK, new regulations eliminate the need for planning permission for EV chargers, reducing costs and delays while supporting automakers, businesses, and public charging stations. To speed up and…
Folks Motor, a prominent player in the xEV (retrofit) industry, a leading Indian automotive company, has launched “Folks Funds,” an Alternative Investment Fund (AIF) Category II, with an initial corpus…
India’s transport sector is undergoing a dramatic shift. New-age companies are coming forward with innovative solutions, driven by the need for electrification, green transport, smart tech, and government support. Investors…
Mahindra & Mahindra Ltd. and British International Investment Plc (BII), a division of the UK government, have changed the terms of BII’s funding tranche for Mahindra Electric Automobile Ltd (MEAL),…
Zypp Electric has invested in Odysse Electric to help in its growth throughout India. Zypp Electric has ordered 40,000 electric cars as part of this partnership, and they will be…
After reporting a 39% decline in third-quarter profits, South Korean battery manufacturer LG Energy Solution said that it had a “conservative” outlook for revenue growth in the upcoming year and…
Following the completion of its transition flight test milestone last month, Archer Aviation and Stellantis have announced that Archer has secured an additional $55 million (Rs 458 crore) investment from…
Maharashtra Deputy Chief Minister Devendra Fadnavis has announced that EV company Ather Energy is going to invest more than Rs 2,000 crore in a manufacturing facility in the state that…
Abhinav Sinha of British International Investment (BII) envisions India surpassing China in EV adoption by 2030, ahead of Europe and the US, driven by government support and cost considerations, emphasizing…