Tag: Electric Vehicle
Ola Electric: Ola Electric’s net loss surges to Rs 1,472 crore in FY23 as expenses grow
Bhavish Aggarwal-driven Ola Electric‘s net loss nearly doubled to Rs 1,472 crore in FY23, from Rs 784.1 crore in the previous fiscal year, as expenses…
blusmart: Gensol Engineering to manufacture electric reverse trike
Gensol Engineering Ltd, the Ahmedabad-based company promoted by the founders of electric vehicle ride hailing startup BluSmart, is entering the vehicle manufacturing space and is…
lithium-ion battery: EV startups attract investments, talent as others struggle
Companies in the electric vehicle (EV) space are a complete outlier even as the startup sector in general is facing a hiring and funding slowdown.With…
tamil nadu: Startups are instrumental in providing solutions: Sivarajah Ramanathan of StartupTN
Startups are instrumental in providing key solutions for bigger players, including MNCs in the automotive and EV sector, Sivarajah Ramanathan, Mission Director and Chief Executive…
Ola Electric: Two top executives are leaving Ola Electric
Ola Electric is seeing a fresh set of top level exits, according to multiple sources. Slokarth Dash, head of planning and strategy, and Saurabh Sharda,…
letstransport: EV aggregator LetsTransport raises $25 million from Bertelsmann, others
Commercial electric vehicle aggregator LetsTransport announced on Friday it has secured $25 million in a funding round. The proceeds from the fresh round will be…
Foxconn plans to invest $800 million in southern Taiwan
Foxconn is planning to invest T$25 billion ($820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric…
EU countries poised to approve 2035 phaseout of CO2-emitting cars
BRUSSELS: European Union countries’ energy ministers are set to give final approval on Tuesday to the bloc’s law to end sales of new CO2-emitting cars…
EV Sales News: Electric vehicle sales to cross 2 million in FY24: Experts
Mumbai: The next fiscal is expected to see electric vehicle (EV) sales crossing the 2 million mark if current trends continue, experts said. A significant…
fame subsidy news: EV makers may legally challenge government move to withhold FAME subsidy
A section of electric vehicle (EV) makers, whose subsidies under a Rs 10,000-crore scheme to promote clean mobility have been withheld over allegations of non-compliance,…