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Oben Electric Secures ₹50 Crores in Series A Funding to Lead India’s Electric Motorcycle Revolution

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OBEN Electric Founder

Oben Electric, India’s pioneering electric motorcycle manufacturer, has successfully raised ₹50 crores in its Series A funding round. This milestone funding round included investments from prominent entities such as Ambis Holding US, Kuberan Ventures, Karimjee Group (Africa), Mission Vertical (US-based VC), the Sanjeev Saraf (Polyplex) Family Office, the Pravek Kalp Family Office, and existing investors. … Read more

Greenie Energy Raises $600,000 in Seed Funding to Revolutionize EV Charging Across India

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Greenie Energy, a pioneering start-up in the EV charging technology space, has successfully raised $600,000 (₹5 crore) in seed funding. The round was led by Rajesh Advani, Managing Director of Sun-N-Sand Hotels, with additional backing from AIC Pinnacle Entrepreneurship Forum, Ashwin Ramesh (Co-Founder, Primary Advisors), and Rajaram Ajgaonkar (R M Ajgaonkar and Associates, Chartered Accountants). … Read more

Hyundai Motor India to Expand EV Charging Network with 600 Fast Chargers by 2031

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Hyundai Motor India Ltd. (HMIL), the Indian subsidiary of the Korean automotive giant, has announced a significant expansion of its electric vehicle (EV) infrastructure. The company plans to install around 600 DC fast public EV chargers across India over the next seven years, with a primary focus on key highways and major cities. This ambitious … Read more

Delta to Provide Made-in-India High-efficiency Rectifiers to ThunderPlus for its Fast Chargers for Low Voltage 2W and 3W EVs

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Delta Electronics India has announced a strategic partnership with ThunderPlus, a leading provider of electric vehicle (EV) charging solutions, to enhance India’s EV charging infrastructure. The Memorandum of Understanding (MOU) will see Delta supplying high-efficiency 4kW rectifier modules, manufactured at its Krishnagiri facility in Tamil Nadu, for ThunderPlus’ fast chargers designed specifically for two-wheeler (2W) … Read more

Alt Mobility raises Rs 83 crores in series A Funding

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Alt Mobility, a leading commercial electric vehicle (EV) leasing and asset management company, has secured ₹83 crore in a Series A funding round led by Eurazeo, a prominent European venture capital and private equity firm. Existing investors, including Shell Ventures, Twynam Earth Fund, and EV2 Ventures, also participated in this funding round. Expanding Fleet and … Read more

Wardwizard Innovations signs MoU with Ampvolts to expand EV charging infrastructure

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Wardwizard Innovations & Mobility Limited, a leading Indian electric vehicle manufacturer under the brands Joy e-bike and Joy e-rik, has signed a Memorandum of Understanding (MoU) with Ampvolts Limited (formerly Quest Softech). This strategic collaboration aims to strengthen green mobility solutions by developing a robust EV charging infrastructure in India and beyond. Accelerating Green Mobility … Read more

Vecmocon Technologies Raises $10 Million in Series A Round to Drive EV Innovation

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Delhi-based vehicle intelligence startup Vecmocon Technologies has successfully secured $10 million in the first phase of its Series A funding round. The round, led by Ecosystem Integrity Fund (EIF), saw participation from Blume Ventures and British International Investment (BII). This new investment follows a $5.2 million pre-Series A round in October 2022, in which Tiger … Read more

NSE Indices launches India’s first Electric Vehicle Index

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NSE’s index services subsidiary, NSE Indices Limited today launched a new thematic index – Nifty EV & New Age Automotive index. The Nifty EV & New Age Automotive index aims to track the performance of companies which form a part of the EV ecosystem or are involved in the development of new age automotive vehicles … Read more

ProsParity raises $2 Million Pre-Seed Funding Led by BEENEXT

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ProsParity, a fintech platform that is reimagining the distribution of credit in the electric mobility sector, has raised $2 million pre-seed funding round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Angel investors like Dr Ashish Gupta (Co-founder of Junglee & Helion Ventures), Raj Dugar (Ex-Eight Roads … Read more

Wardwizard Group Bolsters Leadership Team with New CFO and President of Operations

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Wardwizard Group, a renowned name in the industry, proudly announces the appointment of new leaders for their flagship electric vehicle brand ‘Joy e-bike’, to spearhead the organization’s growth and innovation in the dynamic electric vehicle (EV) industry. Tejas A Mehta, a seasoned Chartered Accountant with over two decades of dynamic financial leadership, has taken on … Read more

One Electric becomes the First Indian EV Company to Start Production in Africa

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One Electric Motorcycles today announced that the company has started manufacturing its flagship electric motorcycle “KRIDN” locally in Africa. The company has entered into a JV with a local established vehicle manufacturing entity. One Electric has provided complete components , technology and know how for the assembly of its motorcycles. Gaurav Uppal, CEO One Electric shares, “Our … Read more

Wardwizard leaps ahead in the EV Ancillary Cluster Vision with Next-Gen Cell Tech Partnership

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Wardwizard Innovations and Mobility Ltd., a pioneering electric vehicle manufacturer in India under the brand ‘Joy e-bike’, has taken a progressive step in the vision of establishing its EV Ancillary Cluster by signing a long-term Original Equipment Manufacturer (OEM) agreement with A&S Power, a renowned technology provider. This strategic partnership aims to drive research, innovation, … Read more

Magenta Mobility partners with OutSystems to accelerate e-mobility innovation

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Magenta Mobility, a leader in delivering e-mobility solutions in India, has announced the incorporation of the OutSystems platform to enhance the efficiency of its operations. OutSystems, renowned globally for its high-performance application development capabilities, empowers organizations with enterprise-grade tools needed to construct vital, strategic applications. This platform empowers users to create customized applications with flexibility, … Read more

Kerala’s chargeMOD Secures ₹2.5 Cr Pre-Seed Funding to Accelerate EV Charging Solutions

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Kozhikode, Kerala-based chargeMOD, a provider of charging solutions for electric vehicles (EVs), has successfully secured ₹2.5 crore in a Pre-Seed Round of funding from Phoenix Angels, an angel network based in Thrissur. This announcement was made by the startup. The newly acquired funding will empower the startup to expedite the growth of its product offerings, … Read more

TIEA Connectors Secures ₹3.81 Cr Funding from TDB-DST to Commercialize Cutting-Edge Tech for EVs and Drones

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The Technology Development Board (TDB), a division of the Department of Science & Technology (DST) within the Government of India, has entered into an agreement with TIEA Connectors Pvt Ltd, a hardware startup based in Bengaluru. This partnership falls under the initiative “Commercialization of Indigenous Technologies through Tech Start-ups.” TIEA Connectors, incubated at the Society … Read more

Treehouse Secures $10M to Bring EV Chargers Into Homes

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Treehouse, an electrification company that delivers turnkey installations for home EV charging, today announced $10M in funding. The round is led by Montage Ventures and Trucks Venture Capital, with participation from CarMax, Assurant Ventures, Acrew Capital, Gutter Capital, Detroit Venture Partners, Holman, and Automotive Ventures. The funds will be used to expand Treehouse’s Installation-as-a-Service offering to more … Read more