Ravindra Energy Limited has invested approximately Rs 150 crore in its associate company, Energy In Motion Limited (EIM), by subscribing to 45,67,463 equity shares through a rights issue. The investment will be used to repay inter-corporate deposits borrowed by EIM from Golden Green Innovations Private Limited, one of its promoters. Rights issue investment The shares…
Drivn, a Gurugram based electric mobility startup, has secured financing commitments of up to $80 million from global financial services group Nomura. The funding will support the first phase of deploying close to 1,000 electric buses and trucks for inter city and heavy transport operations. Founded in 2023 by Manav Bansal and Alpna Jain, Drivn…
GreenCell Mobility, the electric bus platform of Eversource Capital, has raised $89 million in mezzanine funding from the International Finance Corporation (IFC), British International Investment (BII), and Tata Capital. The funding will support the expansion of its electric bus fleet to 3,700 buses across multiple Indian states and union territories. The mezzanine capital, which combines…
The year 2025 for India’s electric mobility transition was characterized by a series of targeted policy interventions, manufacturing incentives, infrastructure expansions, and strategic pilot projects. From the launch of new manufacturing schemes and tighter domestic sourcing mandates to the rollout of financial incentives for commercial vehicles and the establishment of a national charging ecosystem, the…
Esyasoft e-Mobility and Park+ have partnered to deploy 10,000 electric vehicle chargers across India over the next three years. The initiative involves an investment of Rs 100 crore and targets the expansion of public and semi-public charging infrastructure. The partnership was announced in Bengaluru on 15 December 2025. Deployments will begin in Bengaluru and later…
The West Bengal State Electricity Distribution Company Limited (WBSEDCL) has invited bids for the supply, installation, operation, and management of electric vehicle (EV) charging and battery-swapping stations across the state. The tender aims to establish 245 stations at key locations, including Kolkata and major national and state highways, under a revenue-sharing model. According to the…
Tata Power EV Charging Solutions Limited (TPEVCSL) and VE Commercial Vehicles Limited (VECV) have entered into an agreement to expand the use of electric trucks and buses in India, with a specific focus on the recently launched Eicher Pro X range of small commercial vehicles. The memorandum of understanding, announced on September 29, 2025, outlines…
TVS Motor Company has signed a Memorandum of Understanding (MoU) with ALT Mobility to lease and deploy up to 3,000 electric three-wheelers, both passenger and cargo, in the financial year 2025-26. Under the agreement, TVS Motor will supply the vehicles, while ALT Mobility will manage procurement, leasing, and financing through its network. The companies will…
SnapE Cabs has secured $2.5 million in a bridge deck funding round led by Inflection Point Ventures. The company will use the capital for operational expenses, leasing electric vehicles, and product development. The company became EBITDA positive in January 2025 and has expanded its electric vehicle fleet to more than 1,000 cars. It has also…
Fuel stations in India are expected to play a more active role in the power sector, as the government urges petroleum dealers to integrate clean energy solutions. Union Petroleum Minister Hardeep Singh Puri called on the country’s 70,000-plus fuel retail outlets to adopt rooftop solar power, install electric vehicle (EV) charging stations, and upgrade infrastructure…