Vajram Electric Ltd. is set to raise funds as part of an ambitious expansion plan. The funds will be utilised to enhance its production capacity and modernize its manufacturing facility,…
funds
River has launched its maiden product, Indie, from its newly launched facility in Hoskote, Karnataka. The state-of-the-art manufacturing facility spans over 120,000 sq ft and has a capacity to produce…
Ashok Leyland has been working on seeking shareholder approval to lend Rs 4,000-5,000 crore or stand guarantor for its EV subsidiary, Switch Mobility Automotive. The Hinduja group flagship firm intends…
Central Government of India has allocated funds for eight hundred crore rupees under FAME Scheme Phase -2 for setting up seven thousand 432 public fast charging stations across the country.…
Bengaluru electric vehicle startup, Ultraviolette Automotive has started shipping deliveries of the F77, its high-performance electric motorcycle, to customers at its manufacturing facility in Bengaluru. This the company says marks…
Electric vehicle start-up, Swytchd has received $553,000 in a seed round led by Keiretsu Forum, a network of angel investors. The round was also attended by Let’s Venture, Venture Catalyst,…
EV battery swapping start-up Esmito has recently raised Rs 10 crore in a seed round led by Unicorn India Ventures. The funds raised will be deployed for the expansion of…
Indian ride-hailing start-up BluSmart Electric Mobility has been reported close to raising $250 million from investors including BP’s venture capital division. BluSmart, which runs an all-electric vehicle (EV) fleet, was…