EVs

Business News

Elon Musk's Tesla Ownership Has Soared to 20.5% and Is Now Worth More Than $120 Billion, New Filing Shows

The SEC filing shows that Musk is not far from reaching the 25% stake he desires.

News and Trends

EV Startup NIKOL EV Raises Undisclosed Amount In Pre-Seed Funding

With this funding, NIKOL EV plans to strengthen its team with experienced professionals and establish a robust backend support system to facilitate business scaling

News and Trends

Ola Electric Raises $140 Million Funding From Temasek

The agreement was signed on Monday and as per reports the fund raised will be deposited in the company's account within four-five days

News and Trends

Ather Energy Raises INR 900 Crore Funding

The company plans to utilize the fund for launching new products and expanding its charging infrastructure and retail network

Business News

Mercedes Just Introduced a New Car With Better Range Than a Tesla

The Mercedes-Benz Concept CLA-Class is scheduled to be on the road by 2025.

News and Trends

Swiggy Partners With Gogoro To Provide EVs In Last-Mile Delivery

The partnership between Gogoro and Swiggy seeks to establish a seamless avenue for riders to adopt sustainable electric transportation

News and Trends

Bluwheelz Raises $500,000 In Seed Funding

The funding will also enable Bluwheelz to invest in advanced technology and innovations, enhance its service offerings, and further strengthen its partnerships with various stakeholders in the electric mobility ecosystem

News and Trends

Temasek To Invest INR 1,200 Crore In M&M's EV Business

The investment will be in the form of Compulsorily Convertible Preference Shares (CCPS) valued at up to INR 80,580 crore

News and Trends

Centre To Recover INR 469 Crore From 7 Electric 2W Makers

Reportedly, the ministry conducted the investigation after receiving anonymous emails alleging that several EV makers were claiming subsidies without complying with the Phased Manufacturing Plan (PMP) rules

News and Trends

EV Social Commerce Startup EVINDIA Raises Undisclosed Amount In Pre-Seed Funding

The fund raised will be strategically allocated towards product development, business expansion, supporting the community, and building a creator economy

Leadership

How Škoda Auto Volkswagen India Is Cleverly Driving Towards a 5% Market Share

Piyush Arora, MD & CEO, Škoda Auto Volkswagen India, unveils his plans to keep the ball rolling for the Indian market. From increasing capacities, expanding market share to scaling up exports, the German company has an aggressive plan of action for 2023

News and Trends

EV Startup Vegh Raises $5 Million in Pre-Series Funding

The funds will be primarily utilized to bolster the company's working capital needs, including the creation of a robust sales and distribution network

News and Trends

Oben Electric Raises INR 40 Crore In Extended Pre-Series A Funding

The fund will be used to kickstart deliveries of the newly launched first electric bike by the brand- Rorr, and fulfill the existing orderbook, increase production capacity and enhance distribution network

Business News

'I Make Trucks for Real People': Ford CEO Slams Tesla's Cybertruck

In an interview with CNBC, Jim Farley said his company wasn't threatened by Tesla's entry into the pickup market.