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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

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

Lectrix EV Partners With FuturElectra To Advance Electric Mobility

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Lectrix EV, a prominent player in the electric vehicle (EV) industry, has entered into a strategic partnership with FuturElectra, an innovative force in the electric mobility sector. This collaboration marks a significant milestone in the quest for a sustainable and accessible future for mobility in India. FuturElectra is dedicated to transforming the electric mobility landscape, … Read more

Servotech EV Infra named Prem Prakash as CEO and Neeraj Gupta as AVP Operations

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Servotech EV Infra, a leading player in the EV charging infrastructure sector and a subsidiary of India’s leading EV charger and solar products manufacturer, Servotech Power Systems Ltd., proudly announces the appointment of Prem Prakash as its Chief Executive Officer (CEO) and Neeraj Gupta as its AVP Operations. Prem Prakash, with a career spanning 22 … Read more

Wardwizard Bolsters Leadership Team with Independent Directors

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Wardwizard Innovations & Mobility Ltd., a leading manufacturer of electric vehicles under the ‘Joy e-bike’ brand in India, proudly announced the appointment of two distinguished professionals, Dr. John Joseph and Lt. General Jai Singh Nain (Retd), as Non-Executive Independent Directors. Dr. John Joseph, an eminent professional with an impressive academic background, joins Wardwizard Innovations & Mobility Ltd … 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

Wardwizard Innovations & Mobility Ltd. named Tarun Sharma as the President of Marketing & Branding

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Wardwizard Innovations and Mobility Ltd., one of India’s leading manufacturers of electric vehicles under the brand ‘Joy e-bike,’ has announced the appointment of Mr. Tarun Sharma as the President of Marketing and branding. With an illustrious career as a marketing veteran, Mr. Tarun will spearhead the organization’s strategic market planning and adopt an all-encompassing approach … 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

Gogoro and Swiggy Announce Electric Vehicle Partnership in India

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Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced a vehicle partnership with Swiggy, India’s leading on-demand convenience delivery platform. “Accelerating the electric transformation of India’s hyperlocal fleets is a top priority for Gogoro and India’s national and city governments. Partnering with Swiggy, a leading … 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

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

Temasek Invests Up to $9.8 Billion in Mahindra’s EV Subsidiary, Valuing It at Rs. 80,580 Crore

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Mahindra & Mahindra Ltd., a prominent player in the automotive, farm, and services sectors, has reached a binding agreement with Temasek, the global investment firm headquartered in Singapore. The agreement entails Temasek’s investment of Rs. 1200 crores into MEAL (Mahindra Electric Automobile Limited), a company focused on producing four-wheeler (4W) passenger electric vehicles. This investment … Read more

Mufin Green Secures $1 Million in Funding from Shell Foundation to Expand EV Financing

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Mufin Green Finance Limited, previously known as APM Finvest Ltd., a New Delhi based Non-Banking Financial Company (NBFC), has successfully raised INR 80,000,000 (approximately USD 1 million) from Shell Foundation, a UK registered charity, according to a report by Economic Times. As an NBFC, Mufin Green Finance focuses on providing Electric Vehicle (EV) loans for … Read more