Ahmedabad: EVamp Technologies, the company behind Mobilane, the fast-growing electric vehicle charging network, has raised Rs. 7 crore in its first round of funding. The company plans to use the capital to scale up its pan-India EV charging infrastructure and to invest in the in-house manufacturing of AC chargers and
The domain name "blu-smart.com" of the now-defunct electric ride-hailing business BluSmart is for sale. A cursory examination of the BluSmart website showed that users are taken to a parked page indicating that the domain is available for purchase. The development follows a string of issues that the
Due to a "client" funding crisis and difficulties in attaining the proper product-market fit (PMF), EV ride-hailing startup MyPickup has ceased operations. MyPickup's founder, Abhijeet Jagtap, announced the news on LinkedIn. He said that during "non-peak times", the startup was having trouble achieving PMF.
An electric mobility company, SnapE Cabs has raised $2.5 Mn in Bridge Deck Round led by Inflection Point Ventures, one of India’s largest Angel investing platforms. The funds will be deployed towards operational overheads, leasing EV cars, and product development and enhancement. The round also saw participation from
In the most recent setback to Europe's attempts to gain market share in the electric vehicle industry, a union spokeswoman told AFP on 21 August that Porsche's battery manufacturing company would lay off the majority of its employees. According to IG Metall spokesman Kai Lamparter, the
On August 11, 2025, Tesla formally opened its second dealership in India at Worldmark 3, Aerocity, New Delhi. The well-liked Model Y electric SUV, which is available in two versions—Rear-Wheel Drive (RWD) and Long Range RWD—will be on display at the new Tesla dealership in Delhi. This development
In an effort to capitalise on the expanding Indian market for electric vehicles, Vietnamese manufacturer VinFast launched its first showroom in India on 27 July in Surat, Gujarat. The company's electric SUV models VF 6 and VF 7, which will be introduced as right-hand drive versions for the
Since the new policy's draft would be subject to public input, which is anticipated to take time, the Delhi government has reportedly prolonged the present electric vehicle regulation until March 31, 2026, or until a revised version is announced. According to a PTI report, the decision was made
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In today’s rapidly shifting Indian economy, two industries are stealing the spotlight: EV (Electric Vehicle) charging stations and cloud kitchens. On one hand, India’s aggressive push toward green mobility, fueled by government incentives and a growing demand for electric vehicles, has opened the gates for EV charging infrastructure.
On July 14, Ola Electric, a maker of electric two-wheelers, reported a larger consolidated net loss of INR 428 crore for the first quarter of the fiscal year 2025–2026 (Q1 FY26). In the same time frame last year, the company managed by Bhavish Aggarwal reported a net loss of
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With its cutting-edge electric bike-sharing services, Yulu is a trailblazing urban mobility platform that offers convenient and environmentally friendly transit options. Utilising cutting-edge IoT technology and data-driven insights, the company generally operates in busy metropolitan regions, optimising the availability and upkeep of its e-bikes. In this article, we'll
Kazam, India’s fastest-scaling EV energy-tech company, has raised $6.2 million in Series B funding from the International Finance Corporation (IFC) and existing investors Vertex Ventures SEA & India and Avaana Capital Advisors. The investment will fuel Kazam’s expansion across markets with its energy transition tools to accelerate
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The article has been contributed by Pushpank Kaushik, CEO & Head of Business Development (Subcontinent, Middle East and Southeast Asia) at Jassper Shipping. In the past five years, India’s grocery landscape has undergone a digital transformation. Fuelled by rising smartphone usage, the spread of 4G networks, and a pandemic-induced
For its delivery partners in Delhi-NCR, Zomato is testing a fleet of electric vehicle (EV) bikes for rent. The foodtech giant is renting out two-wheeler EVs to its delivery partners as part of the green initiative. The business stated in a statement that, depending on partner uptake, it will extend
Kia, another South Korean automaker, has decreased its ownership in the EV company, while Hyundai Motor has sold off all of its shares in Ola Electric. According to a news agency, the total share sale brought in about INR 6.89 billion ($80 million). Hyundai, which had previously owned 2.
According to a media agency, Heavy Industries Minister H D Kumaraswamy stated on 2 June that Tesla has no plans to produce electric cars in India anytime soon. Although local production is not currently in Tesla's plans, the company is getting ready for a market debut. According to
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Explore profitable solar business ideas in India, from panel installation and maintenance to solar-powered products and EV charging stations. With growing demand, government support, and falling costs, the solar industry offers great opportunities for entrepreneurs and startups.
National, May 27, 2025: As electric vehicles (EVs) gain momentum across India, Webber Electrocorp is emerging as a market leader in Battery Management Systems (BMS), a crucial technology influencing sustainable mobility in the future. The company’s latest trailblazing and industry-first venture, Webber Care Point, is transforming the EV service
Maxvolt Energy Crosses ₹100 Crore Benchmark, Achieves ₹107 Cr Revenue in FY 2024-25 Following a robustly successful 2023-24, when revenue grew 253% to ₹48.37 crore, with PAT standing at ₹5.21 crore, Maxvolt Energy Industries Limited, considered one of India’s fastest-growing players in lithium battery technology, achieved a
Built in-house at Oben’s Bengaluru R&D centre, this platform will power a new line of affordable electric motorcycles under INR 1 lakh for the mass commuter segment. Oben Electric, India’s leading homegrown R&D driven electric motorcycle manufacturer, today announced that it is working on
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Established in 2013 and based out of Bengaluru, Ather Energy now plays a major role in the Indian electric two-wheeler market. It is well established for its high-performance electric scooters like the Ather 450 Apex, 450X Pro, and Rizta. The technology has made remarkable feats with remote connectivity, including a
Ather Energy, an electric two-wheeler company with considerable backing from investors, made its public market entry on Indian stock exchanges this week with an underwhelming response. The company’s IPO, available from April 28 to April 30, had set an offer amount of INR 2,981 crore, of which it
Weeks after the EV ride-hailing company abruptly suspended operations, hundreds of BluSmart driver partners have started protesting throughout Delhi-NCR, calling for compensation and alternative employment. The drivers, many of whom call BluSmart the best platform they've ever used, claimed they were left in the dark about unpaid invoices
Ather Energy’s highly awaited initial public offering opened with a comparatively tepid response, achieving just over 12% overall subscription on day one. Retail investors were the main driver behind that early subscription lift, with their category achieving 46% subscription by the end of the first day. Meanwhile, non-institutional investors