Mention
ITI Growth Opportunities Fund, Chetan Maini invest in EV startup RevOSedit
ITI Growth Opportunities Fund, which invests in early-stage startups, has made its first investment in RevOS, an operating system for electric vehicles. RevOS provides battery management for two- and three-wheeler electric vehicles, an app for navigation, and an anti-theft lock.
Industry
Electric cars: Clarity needededit
Year 2030 is the deadline by when all vehicles in India are to be electricity-driven and emission-free. With 14 of the world’s 20 most polluted cities, India has to work hard to curb emissions, 11 per cent of which is contributed by public transport.
Competition
Designing and packaging the technology for EV battery makersedit
When Puneet, who was working in a software company in Noida, felt he wanted to do something different, his interest in the automobile industry led him and his friend and co-founder Nikhilesh Mishra to try out something relating to automobiles.
Mytrah Mobility bags $1 billion from UN-backed GCF for electric busesedit
Mytrah Mobility, the electric vehicle (EV) solutions firm based in Gurugram, will be implementing the largest of its kind funding programme for electric buses and allied infrastructure in India. The UN-backed Green Climate Fund (GCF) will be channelising funds worth $1 billion through the company.
International
Electric Vehicles Could Cost the Same as Gasoline and Diesel Cars by 2021: Reportedit
Electric cars have been held back by higher average prices than their gasoline and diesel counterparts, but new research indicates that this could change over the next few years. According to the study by research firm Deloitte, EVs could cost the same as internal combustion cars by 2021.
European power firms aim to harness electric car batteriesedit
Ever wanted to run your electric car for free? If you’re open to a bit of give and take, then stay plugged in and your wishes might come true. At least that’s what some European power companies and Japanese carmakers believe.
Toyota, Panasonic setting up EV battery JV amid rising China competition: Sourceedit
Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.