Evera Cabs, an app-based electric taxi service provider, announced on 5 May that it has begun the process of reclaiming 500 electric taxis that were formerly run by the troubled BluSmart. According to a statement from Evera Cabs, 220 cars have already been purchased, and the remaining 280 will be
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
Under the leadership of Chief Minister Devendra Fadnavis, the Maharashtra Cabinet has approved the new electric vehicle (EV) policy 2025. The new policy aims to increase the state's manufacture and use of electric mobility. The policy will be in place till 2030 and will be implemented with INR
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
Under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) programme, the government is taking this action in an effort to reduce the backlog and guarantee the prompt distribution of EV subsidies.
Not many will celebrate as quietly yet as triumphantly as IIT Madras when Ather Energy hits the stock market this week. Through its investment arms, the IIT Madras Incubation Cell and the IITM Rural Technology and Business Incubator, the institute transformed an early investment of just INR 15–29 lakh
The plan allows authorised EV manufacturers to establish production plants in India for EV four-wheelers with a $500 million minimum expenditure. The programme also imposes a 15% tariff charge on imported EVs.
The notice stated that Ola Electric must respond to the aforementioned questions within seven days of receiving this letter in order to prevent any negative consequences.
VinFast, the electric vehicle maker from Vietnam often likened to Tesla, is reshaping its worldwide strategy and focusing much of its energy back in Asia. After a bold push to enter the U.S. market, the company is now toning down its western ambitions and is realigning its expansion with
The issue will close on April 30 after anchor bidding begins on April 25. According to its prospectus, the Tiger Global-backed company has scaled back its initial public offering.
Ola Electric, a premier name in India’s electric vehicle sector, is facing a severe regulatory setback. The Maharashtra Regional Transport Offices (RTOs) took a hard look at the company’s outlets, a total of 146 spread across the state. What they found was alarming: 121 of these outlets were
Update | April 21, 2025, 5:30 pm Krutrim has issued a statement denying claims in the media reports regarding its fundraising efforts. The company clarified that it is not seeking external equity capital, and any reports suggesting otherwise are "speculative and misleading." The company remains focused on executing
The electric cab startup BluSmart was once a rising star in India's green mobility space but has now paused ride bookings. This was after allegations came from the Securities and Exchange Board of India (Sebi) that co-founder Anmol Jaggi diverted money that was intended for buying vehicles. Since
Images of BluSmart taxis being rebranded as Uber Green have recently been made public from Bengaluru. Gensol Engineering-owned BluSmart is presently in negotiations with Uber's Indian division to lease out between 800 and 1,000 of its electric vehicles as Uber Green taxis.
Nearly six years have passed since the EV ride-hailing firm first joined the market in 2019. A plan to start moving BluSmart's current fleet to Uber in the coming weeks has been authorised by the company's owners.
A strong message has been sent by India regarding foreign investment, specifically when it comes to allowing investment from certain countries. BYD, the largest electric vehicle maker in China, has recently been denied permission to set up a large manufacturing base in India. Although the precise reasons for this denial
Ola Electric stated in a letter dated 21 March to the Ministry of Road Transport and Highways that 10,866 Gen3 e-scooter and 1,395 Roadster X motorcycle reservations were included in its February sales data.
* With a strong focus on transforming last-mile logistics and promoting sustainable transport, this partnership marks the most significant EV deployment to date. * The initiative is expected to create over 10,000 green jobs, saving approximately 25,000 tonnes of CO₂ emissions annually, delivering both environmental and socio-economic impact. BizDateUp, amongst
According to state Transport Minister Pratap Sarnaik, the initiative will generate over 10,000 jobs in the Mumbai Metropolitan Region (MMR).
Ola Electric registered 3,44,005 electric scooters in the fiscal year 2025.
With an emphasis on battery swapping facilities, the Indian government plans to expand EV charging infrastructure. This expansion is likely to cover important transportation hubs, such as ports, highways, railroads, and airports. According to a media report, a top official affirmed the project as a component of a larger endeavour
Volvo Cars has brought back Håkan Samuelsson as CEO, replacing Jim Rowan. Samuelsson, who led Volvo from 2012 to 2022, will take charge for two years. His return comes as Volvo faces high U.S. tariffs, slow electric vehicle (EV) sales, and financial struggles. The leadership change aims to steady
Fresh questions about Ola Electric's approach were raised when a confrontation with vendors, delayed deliveries, and a INR 3,000 crore market rout resulted from an attempt to lower registration fees. Customers who were excitedly anticipating their Ola Electric scooters started to notice an unanticipated delay last month.
In a regulatory statement on 25 March, Ola Electric Technologies Private Limited, a division of Ola Electric Mobility Limited, stated that it had settled its financial disagreements with the Rosmerta Group and that as a result, insolvency proceedings had been withdrawn against it. Earlier insolvency filings against Ola Electric Technologies