Funding
EV funding news, investor moves, grants & subsidies
'You made Indian Railways as Blinkit': Passenger in urgent need of diapers is stunned by RailMadad's 10-minute response; internet reacts
A passenger travelling with his six-month-old baby praised Indian Railways after his request for diapers was reportedly addressed within 10 minutes through RailMadad. The incident, shared on X, sparked a debate online, with some users applauding the railway st
TERI Announces Winner of 115 MWh Battery Storage Auction
The Energy and Resources Institute (TERI) has announced the winner of the auction to develop 57.5 MW/115 MWh of battery energy storage systems (BESS) across four 66/11 kV grid stations in Delhi.
SUN Mobility Appoints Satish Sundaresan as CEO, Kamaldeep Singh to Head Indofast
SUN Mobility, a global electric vehicle (EV) energy infrastructure and battery-swapping solutions provider, has appointed two new Chief Executive Officers (CEOs) for SUN Mobility and its subsidiary, Indofast Energy. In a press release, the company said it appo
Nitin Gadkari’s bike taxi push gets boost as Maharashtra notifies transition timeline from petrol bikes to EVs
The state of Maharashtra has unveiled a carefully planned approach allowing bike-taxi operators to shift to electric vehicles over a span of nine months. This effort is designed to facilitate the transition for drivers while building a controlled bike-taxi sys
Blinkit leads quick commerce in product availability, Flipkart Minutes ranks second: Bernstein
Eternal's quick commerce arm Blinkit has emerged as the leader in product availability among India's major quick-commerce platforms, with an average in-stock rate of 94.4%, ahead of Flipkart Minutes, Swiggy Instamart and Zepto, according to a report by brokera
Ola Electric’s ₹1,000 Cr Rights Issue To Open On October 22, Issue Price Set At ₹27
Ola Electric’s ₹1,000 Cr rights issue is set to open for subscription onOctober 22 and close on October 30, its…
India's battery storage demand to hit 236.22 GWh by FY32, require Rs 3.49 trillion investment: Report
India's battery energy storage system market is expected to reach 236.22 GWh by FY2031-32. The country will require Rs 3.49 trillion in investments for this growth. Significant advancements in BESS deployment were noted between early and mid-2026. The governme
Global Capital Is Moving Into Renewables: Lake Energy Opens New Opportunities for Wealth Creation
Japan’s Sumitomo Corporation recently announced an investment in a renewable energy project in India combining approximately 500 MW of solar and wind capacity with 200 MWh of battery storage. The move highlights the growing role of renewable energy infra
Exclusive: Green SM parent infuses Rs 153 Cr in Indian subsidiary to scale EV ride-hailing
Vietnam-based electric mobility startup Green SM has infused Rs 152.65 crore into its Indian subsidiary through a rights issue, marking another significant capital infusion as the company looks to scale its operations in the country. The latest infusion comes
EV Charging Software Company Ionage Raises $1.3 Million
Ionage, an artificial intelligence-based charging and energy management platform for electric vehicles (EVs), has raised $1.3 million in pre-series A funding. The funding round was led by strategic investors and a consortium of CXOs from energy and infrastruct
Energy management platform Ionage raises $1.3 Mn in pre Series A round
AI enabled energy management platform Ionage has raised $1.3 million in a pre Series A funding round co-led by strategic investors and a consortium of CXOs from energy and infrastructure companies. The fresh funds will be used to expand coverage to 100% of act
Daily News Wrap-Up: Shorter Battery PPAs Gain Favor, Bankability Still Key
As India’s energy storage market matures, battery energy storage developers say power purchase agreement (PPA) tenures need greater flexibility than the customary 20-25-year contracts used for solar and wind projects.
Two-wheelers, EVs power September auto sales as festive demand picks up
India’s two-wheeler market saw record sales in September, boosted by festive consumer buying trends. Two-wheeler sales rose 33.08% year-on-year, marking the segment's highest-ever September performance. Electric vehicles also achieved record monthly sales, acc
Trev plans 2,500-vehicle premium EV fleet by 2031, raising $2 million
Aiming to elevate its electric vehicle fleet from 105 to 300 by the close of the financial year, Trev Mobility is in the process of raising $2 million, having almost reached $1 million in funding thus far. With its fleet comprising deluxe electric vehicles, Tr
Shorter Battery Storage PPAs Gain Favor, but Bankability Remains Key
As India’s energy storage market matures, battery energy storage developers say power purchase agreement (PPA) tenures need greater flexibility than the customary 20-25-year contracts used for solar and wind projects.Contract duration could range from five to
India luxury car sales rise 10% in 2026 as Mercedes-Benz, BMW see strong EV demand
The surge in luxury vehicle sales in India stems from an urgent need for replacements and a trend towards electrification. Mercedes-Benz India has celebrated its strongest quarterly sales to date, fueled by solid macroeconomic trends. Anticipating a future dom
Chhattisgarh Regulator Adopts Tariff for 500 MWh Battery Storage Project
The Chhattisgarh State Electricity Regulatory Commission (CSERC) has adopted a tariff of ₹2.98 (~$0.031)/kWh discovered through competitive bidding for a 125 MW/500 MWh standalone battery energy storage system (BESS).
Australia's Home Battery Boom Has Given Wings To Rooftop Solar Again
Australian households installed 180,878 rooftop solar systems and 276,011 home batteries in the first half of 2026, according to the Clean Energy Council's (CEC) latest Rooftop Solar and Storage Report. The solar systems added 1,894 MW, up 41% on a year earlie
TVS Motor's Venu Srinivasan says EVs not sole answer to cutting emissions
TVS Motor Chairman Emeritus Venu Srinivasan said electric vehicles should not be treated as the only route to cutting pollution, arguing instead for a technology-agnostic approach that preserves consumer choice. He also backed ethanol blending as a way to redu
CEA Proposes Safety Standards for Solar, Wind and Battery Storage Projects
The Central Electricity Authority (CEA) has proposed technical standards applicable to electrical safety requirements for solar, wind, battery energy storage systems (BESS), electric vehicle charging stations, transmission systems, and other electrical install
Bhavish Aggarwal pledges 4.32% Ola Electric stake to fund rights issue
Ola Electric promoter Bhavish Aggarwal has pledged a 4.32% stake in the electric two-wheeler maker to fund his participation in the company’s upcoming rights issue. As per the filing with the National Stock Exchange, the pledge has been created solely to
Uttarakhand Regulator Adopts Tariffs for 190 MWh Battery Storage Projects
The Uttarakhand Electricity Regulatory Commission (UERC) has approved the tariffs determined through competitive bidding for four battery energy storage system (BESS) projects totaling 76 MW/190 MWh in Uttarakhand.
TVS retains EV two-wheeler lead in September as Bajaj, Hero see strong growth
India’s electric two-wheeler market rebounded in September, with registrations rising over 12% month-on-month to 2.07 lakh units from 1.85 lakh units in August. TVS Motor retained its leadership, while legacy players, Bajaj Auto and Hero MotoCorp recorde
Telangana suspends licences of Swiggy Instamart, Flipkart, Zepto dark stores over food safety violations
Telangana's food safety authorities inspected 16 dark stores across the city and found serious hygiene violations. Four establishments had their licenses suspended for acute health hazards identified during the inspections. Violations included expired food pro
SECI Floats Tender for Standalone Battery Storage Projects Across India
The Solar Energy Corporation of India (SECI) has invited bids to select developers for supplying energy from standalone battery energy storage systems (BESS) in India for ‘on-demand’ use (SECI-ESS-IV).
Jammu and Kashmir government notifies Electric Vehicle Policy 2026
The Jammu and Kashmir government notified the Electric Vehicle Policy 2026 after its approval by the council of ministers chaired by Chief Minister Omar Abdullah. The policy has set a six-year roadmap to expand sustainable electric mobility across the state, w
Indian startups raise $2.9 Bn in Q3 2026 as EV, AI drive funding
Indian startups raised less than $3 billion in funding in Q3 2026, down from $3.5 billion in Q2 and $3.87 billion in Q1. The quarter saw fewer large funding rounds, with Simple Energy leading the pack with a $182 million raise. The round also made Simple Energ
EV boom gathers pace as electric car sales jump 95% on fuel prices, new models
India's electric vehicle market recorded substantial growth in September, with sales reaching 34,894 units. This represents a 95% increase compared to last year's figures. Tata Motors maintained its market leadership with a 42.2% share, while Mahindra followed
Electric Vehicles Account for 13% of Vehicle Sales in Q3 2026
Electric vehicle (EV) sales in India reached 951,884 units in the third quarter (Q3) of 2026, a year-over-year (YoY) increase of 64.4% from 578,987 units recorded in the corresponding quarter of 2025.
E2W Registrations Rebound 12% MoM In September; Ather, Ola Lose Market Share
Reversing a downward trend over the past two months, monthly electric two-wheeler (E2W) registrations bounced back in September. As per…
Battery Storage Emerges as Peak Demand Management Tool for Maharashtra Businesses
Proposed restrictions on using banked renewable energy across time-of-day periods are strengthening interest in battery energy storage systems (BESS) among commercial and industrial (C&I) consumers in Maharashtra, particularly those seeking to shift surpl
TERI study finds CNG has lower lifecycle environmental burden than EVs under India's current power mix
As India steps up efforts to accelerate electric mobility and reduce its dependence on imported crude oil, a new study by The Energy and Resources Institute (TERI) has found that compressed natural gas (CNG) currently has a lower overall lifecycle environmenta
In CAFE 3, auto companies have wider choices and a better view of the road
India's new CAFE 3 emission norms are set to reshape automakers' investment strategies by promoting cleaner technologies alongside electric vehicles. These regulations introduce a credit system for various powertrains, encouraging firms to rethink their portfo
Fuel-efficiency rules 2027: How CAFE-III norms will affect EVs, hybrids, small cars & petrol vehicles
India’s CAFE-III norms will come into force from April 1, 2027, tightening fleet-wide fuel-efficiency targets for passenger vehicle manufacturers until March 2032. The framework offers higher compliance benefits for EVs, hybrids and alternative-fuel vehicles,
EV two-wheeler maker Simple Energy bags Rs 1,750 Cr funding
The Bengaluru-based firm plans to deploy the capital to drive its next phase of growth across manufacturing, product development, and retail.
EV startup Simple Energy raises $182 Mn in Series C round
Bengaluru-based electric two-wheeler maker Simple Energy has raised Rs 1,750 crore ($182 million) in a Series C funding round. This is its largest fundraise to date and the third-largest funding by an Indian electric two-wheeler OEM, according to the company.
CAFE III fuel efficiency norms notified for cars: 3x credit for battery EVs, no special benefit for small cars
The Indian government has announced Corporate Average Fuel Economy norms for passenger vehicles effective from April 2027. These standards include fuel consumption calculations based on various vehicle types, including electric and hybrid models. Manufacturers
Ola Electric plans Rs 1,000 Cr rights issue, appoints new compliance officer
Ola Electric Mobility’s board has approved raising up to Rs 1,000 crore via a rights issue of partly paid-up shares to bolster its capital structure.
Jedlik Motors founder Raguram SK on building electric pod for urban commuters
Chennai-based EV startup Jedlik Motors is developing a fully enclosed electric two wheeler, e-POD, aimed at combining the maneuverability of a scooter with the comfort and safety of a car. In an interaction with Entrackr, Raguram SK, founder and CEO of Jedlik
BHN Raises $5 Mn Green Bond From Symbiotics for Solar, EV Financing
Bharat Housing Network (BHN), a multi-asset secured credit network, has raised $5 million (~₹47 crore) in green bonds from Symbiotics. The bond is part of a $75-million green basket bond programme structured by Symbiotics in partnership with British Internatio
TATA.ev extends Battery-as-a-Service offering across its electric vehicle portfolio
TATA.ev has unveiled an exciting extension of its Battery-as-a-Service program across all electric vehicles. This innovative initiative is designed to enhance affordability by separating battery costs from the vehicle price, significantly reducing initial expe
Ola Electric to raise up to Rs 1,000 Cr via rights issue
Electric two wheeler maker Ola Electric has approved a plan to raise up to Rs 1,000 crore through a rights issue of partly paid up equity shares. The company’s board approved the proposal on September 28, subject to regulatory and statutory approvals. Th
COEP Tech, JSW to invest over Rs 800 crore in battery R&D centre in Pune
COEP Technological University and JSW Projects will invest over Rs 800 crore to establish an Advanced Battery Research and Development Centre at COEP Tech's Chikhali Research Park in Pune. The two-phase facility will develop and validate indigenous lithium-ion
GridStor Secures $220 Million for 400 MWh Arizona Battery Project
Listen to this article GridStor, a developer and operator of utility-scale battery energy storage projects, has secured $220 million in tax equity bridge, construction, and
EV Firm Ultraviolette Raises $85 Million from Yali Capital, TDK Ventures
Listen to this article Electric vehicle (EV) and infrastructure company Ultraviolette has raised $85 million in a funding round led by Lip-Bu Tan, chairman of
Cleantech Sector Specialist (Energy Storage)
Key Responsibilities 1. Lead BESS & EV Battery Manufacturing Strategy : Develop strategic insights and roadmaps for manufacturing across BESS, battery cells, packs, BMS, EMS, PCS, power electronics, and related ecosystem components. 2. Support Circular Eco
NTPC Green Energy Invites Bids for Battery Storage Systems at Khavda
NTPC Green Energy has invited bids for the engineering, procurement, and construction (EPC) of battery energy storage systems (BESS) at NTPC Renewable Energy’s Khavda Solar Project in Gujarat.
Energy Vault Acquires 2.3 GW Battery Storage Portfolio in US
Listen to this article Energy Vault, a utility-scale energy storage project developer, has acquired more than 2.3 GW of U.S. battery energy storage development projects
BMW India CEO Hardeep Singh Brar reveals what’s changing in India’s EV scene
BMW Group India President and CEO Hardeep Singh Brar said India’s growing EV charging network is helping boost confidence among electric vehicle buyers, particularly for long-distance travel. With over 52,000 public charging stations, including more than 16,00
Zelio E-Mobility To Raise ₹168 Cr Via Preferential Issue
Electric vehicle (EV) manufacturer Zelio E-Mobility’s board of directors approved a proposal today to raise up to ₹167.95 Cr via…
[Update] Ultraviolette Raises $85 Mn To Scale EV Production
Update | September 23, 13:10 IST Electric two-wheeler startup Ultraviolette Automotive has raised $85 Mn (about ₹813 Cr) in a…
[Update] Ola Electric To Seek Board Nod For Proposed Rights Issue
Update | September 24, 00:19 IST Days after Ola Electric received board nod to raise up to ₹1,500 Cr via…
Swiggy's Instamart extends Yulu, Yuma ties to ramp up EV deliveries
Instamart is expanding its battery-swapping stations network to encourage electric vehicle use in last-mile delivery. The improvements are part of partnerships with Yulu and Yuma Energy to facilitate affordable access and reduce downtime. Recently, the first s
NTPC Invites Bids for 400 MWh Battery Storage System in Maharashtra
NTPC has invited bids for the engineering, procurement, and construction (EPC) of a 200 MW/400 MWh battery energy storage system (BESS) in Nagpur, Maharashtra.
EV company Ultraviolette raises $85M in Series E led by deeptech fund Yali Capital
Ultraviolette is targeting entry into the United States in 2027, along with a broader expansion across key markets in Latin America and South-East Asia, said the company in a press statement.
CATL Begins Trial Production At Debrecen Battery Cell Plant
CATL has started trial production at its newly built battery cell manufacturing facility in Debrecen, Hungary, after completing the preconditions required to begin operations. The trial run is aimed at setting up, optimising and validating production equipment
Amber Raises $56 Million in Series E Funding Round
Amber, an energy company that automates home batteries and electric vehicles (EVs), has closed a A$78.5 million (~$56 million)…
Maharashtra Proposes Grid Code Rules for Battery Energy Storage Systems
The Maharashtra Electricity Regulatory Commission (MERC) has proposed amendments to the State Grid Code to introduce operational, scheduling, data-sharing, and grid compliance requirements for battery energy storage systems (BESS) and renewable energy projects
Lineage Power Secures ₹5 Billion Battery Storage System Order from NTPC GE
Listen to this article Lineage Power, a material subsidiary of Pace Digitek, has secured an order worth ₹4.88 billion (~$48.85 million) from NTPC GE Power Services
Form Energy Closes $270 Million Credit Facility for Battery Manufacturing Scale-Up
Form Energy, an iron-air-based battery systems provider for multi-day energy storage, has closed a $270 million credit facility to…
Ayana Seeks Partner for 2.5 GWh Battery Cell Manufacturing Facility
Ayana Renewable Power has invited expressions of interest (EOIs) to select a joint venture partner for setting up an advanced chemistry cell (ACC) manufacturing facility with an initial annual capacity of 2 GWh to 2.5 GWh.
Why Envision’s 125 MWh BESS In Morocco Is More Than A Grid Battery?
Envision Energy has energised Morocco’s first large-scale lithium iron phosphate (LFP) battery energy storage system, but the 25 MW/125 MWh project at OCP Green Energy’s Benguerir mining site is designed for a role that goes beyond conventional gri
Maharashtra Announces Winners of 4 GWh Battery Energy Storage Auction
The Maharashtra State Electricity Distribution Company (MSEDCL) has announced the winners of its auction to set up 2,000 MW/4,000 MWh of battery energy storage systems.
Kissht, Ola Electric & More: Why Listed Startups Keep Going Back To The Well
Barely four months after making its stock market debut, digital lending platform Kissht is back in the public markets for…
India’s cab game has a new green player: A Vietnamese behemoth aiming to win fast
Green SM enters India with a controlled electric vehicle fleet, challenging the aggregator model. This Vietnamese company aims for a premium segment, unlike Uber and Ola's mass-market approach. BluSmart's prior electric fleet operations faced challenges after
Daily News Wrap-Up: Energy Storage Costs Go Beyond Battery Prices
Battery energy storage system project costs in India vary widely depending on system configuration, storage duration, grid interconnection requirements, engineering, procurement and construction scope, and operating requirements. Battery packs account for the
Branch Energy Raises $33 Million to Expand Distributed Battery Storage
Listen to this article Branch Energy, a distributed energy company that provides battery storage systems to commercial buildings, has raised $33 million in a Series
Battery Storage Projects May Gain from Rule Change on Charging, Discharging
Battery energy storage system (BESS) developers with existing connectivity can increase the storage duration of their projects without seeking additional grid connectivity capacity under a new procedure issued by the Central Transmission Utility of India (CTUI
Karnataka ranks third in NITI Aayog’s electric mobility index, tops charging readiness
Karnataka has ranked third nationally in NITI Aayog’s India Electric Mobility Index 2025, scoring 73 and emerging as one of the country’s top-performing states on EV adoption and infrastructure. The state recorded the highest score in charging infrastructure r
The Real Cost of Energy Storage Systems Goes Beyond Battery Prices
Battery energy storage system (BESS) project costs in India vary widely depending on system configuration, storage duration, grid interconnection requirements, engineering, procurement and construction (EPC) scope, and operating requirements.
L&T’s chip arm unveils 40 products, debuts first silicon carbide chip for EVs and power systems at SEMICON India 2026
LTSCT unveiled 40 products at SEMICON India 2026, showcasing its new silicon carbide platform for the first time. The company also presented its first fully designed-in-India BLDC motor controller. These innovations span secure identity, surveillance, and powe
Jupiter Power Secures $1.4 Billion for 1.5 GW Battery Storage Projects
Listen to this article Jupiter Power, a utility-scale energy storage project developer and operator, has closed $1.4 billion in financing across four transactions to support ten
Auto PLI investments have crossed Rs 45,000 crore: H D Kumaraswamy
Investments under the automobile production linked incentive scheme have surpassed Rs 45,000 crore. The government's policy support aids domestic manufacturing and charging infrastructure development. Original equipment manufacturers are producing electric veh
GEON Commissions Battery Energy Storage Project in Rajasthan
GEON, the future technologies division of Kabra Extrusiontechnik Ltd, has commissioned a 10 MW/20 MWh battery energy storage system (BESS) project at Phalodi, Rajasthan. The project is designed to support renewable energy integration, grid stability and energy
Electric mobility a strategic imperative for Viksit Bharat 2047: NITI Aayog
Electric mobility is a strategic imperative for India's Viksit Bharat 2047 vision. Global shifts and geopolitical friction accelerate the transition to cleaner transport options. India faces import vulnerability and rising vehicle ownership, necessitating a sw
CTUIL Issues Guidelines for Enhancing Storage Capacity of BESS Projects
The Central Transmission Utility of India (CTUIL) has issued the procedure for battery energy storage system (BESS) projects with existing connectivity to increase their energy storage capacity in MWh without increasing their approved charging or discharging c
Cochin Shipyard Invites Bids for Battery Storage Project
Cochin Shipyard (CSL) has invited bids to set up a battery energy storage system (BESS) at its premises in Kochi, Kerala.
Coal India Tenders 80 MW/320 MWh Battery Storage Projects in Odisha
Coal India has floated an engineering, procurement, and construction (EPC) tender to develop 80 MW/320 MWh battery energy storage systems at four locations in Odisha, along with comprehensive operation and maintenance (O&M) for 15 years.
Palisade Acquires 1.4 GW of Wind and Battery Storage Projects in Australia
Listen to this article Palisade Investment Partners, an independent global infrastructure and real assets manager, has acquired 100% interests in two development-stage renewable energy projects
Furo Raises $4 Million to Expand Battery Optimization Platform
Furo, a software company that controls and optimizes commercial and industrial battery storage systems, has raised $4 million to…
Zomato Starts Charging Cash-On-Delivery Customers Up To ₹21 Extra
Eternal’s food delivery arm Zomato has begun charging an additional ‘Pay on delivery’ fee on some cash-on-delivery (COD) orders, with…
Tavion Raises $58 Million for 69 MW Battery Storage Portfolio in Poland
Tavion, a company that develops, owns, and operates large-scale battery storage projects across Europe, has raised…
Rebaba Raises $4.6 Million to Expand Second-Life Battery Storage in Europe
Rebaba, a Swedish company that develops second-life battery energy storage systems using repurposed EV batteries, has raised…
Premier Energies, RCT India Plan 12 GWh Battery Storage Unit in Telangana
Hyderabad-based integrated solar cell and module manufacturer Premier Energies and RCT India, part of Germany’s RCT Group, have entered into a binding term sheet to form a joint venture to establish a 12 GWh battery energy storage manufacturing facility in Tel
New BMW 7 Series launched in India by Dhurandhar Ranveer Singh: Check price, features, specifications, range, charging time and other details
BMW India has unveiled its latest 7 Series sedan, available with both petrol and electric powertrains. With bookings now open and deliveries set to commence in October 2026, the i7 will be manufactured locally at the BMW Group Plant in Chennai, signaling a maj
GCL’s Battery Pivot Signals A Bigger Shift In China’s Silicon Industry
GCL Technology is expanding beyond its traditional photovoltaic materials business, with the Chinese silicon producer ramping up lithium iron phosphate (LFP) cathode production and developing silicon-carbon anode materials as it seeks to build a second growth
VinFast Plans Two India-Specific EVs In Strategic Reset: Report
Weeks after suspending production of select cars in India, Vietnamese EV maker VinFast is now reportedly eyeing the development of…
VinFast plans to develop two India-specific EVs in strategy shift, sources say
Vietnamese automaker VinFast is developing two new electric vehicles for India. These new models will be more affordable than current offerings. This strategic shift follows the suspension of plans for global models in India. VinFast aims to build these vehicl
NTPC Invites EoIs to Set Up Sodium-Ion Battery Storage System
Listen to this article NTPC has invited expressions of interest (EoIs) to set up a pilot grid-connected battery energy storage system using sodium-ion battery technology
India’s Battery Storage Additions Jump 84-Fold to 8.2 GWh in 1H 2026
India added 8.2 GWh of battery energy storage capacity in the first half (1H) of 2026, nearly 84 times the 98.4 MWh installed during the same period last year, according to Mercom India Research’s newly released Q2 and 1H 2026 India’s Energy Storage Land
Google to Invest €13 Billion in Finland, Backs Nuclear, Wind and Battery Projects
Google is building on its 15-year presence in Finland, having bought a former paper mill in 2009 and converted it into a modern data center in Hamina. Google has now announced its plan to invest at least €13 billion in digital infrastructure in Finland ov
GAIL Seeks Consultant for 100 MW Solar Plus 22 MWh Battery Storage Project
GAIL (India) has invited bids to hire a project management consultant (PMC) to set up a 100 MW ground-mounted solar project integrated with a 22 MWh battery energy storage system in Maharashtra.
Fraunhofer ISE Optimizes Battery Cells For 10-15% Higher Energy Density
Fraunhofer Institute for Solar Energy Systems ISE has modified the structure of battery electrodes to enable battery cells to store 10 to 15% more energy at the same weight. The research team implemented the new electrode architecture in lithium-ion pouch cell
Bihar Invites Bids for 500 MWh Standalone Battery Storage Project
Bihar State Power Generation Company (BSPGCL) has invited bids to develop a 125 MW/500 MWh standalone battery energy storage system (BESS) at Kajra in Lakhisarai district, Bihar.
IESA to govt: Accelerate battery incentives, smart grid infra, last-mile mobility for EV adoption
India's electric vehicle adoption is accelerating rapidly, with record sales achieved recently. Industry leaders are urging government to boost battery incentives and smart grid development. This will support the integration of electric vehicles into the natio
Hyundai Motor India plans to soon launch localised, mass-market SUV EV
Hyundai Motor India plans to soon launch a new mass-market SUV. This vehicle will be built on a dedicated electric vehicle platform. The company is expanding its EV charging network and service touchpoints. Hyundai aims to train thousands of sales and service
GETCO Seeks Consultant for Pilot 2.5 MWh Battery Storage Project
Gujarat Energy Transmission Corporation (GETCO) has invited bids to appoint a project management consultant for an automatic generation control (AGC)-enabled 5 MW/2.5 MWh battery energy storage system (BESS) pilot project in Vadodara, Gujarat.The tender is bei
EV Industry Calls for Battery Incentives, Smart Grid Push
India’s electric mobility industry has called for stronger government support for battery manufacturing, smart-grid infrastructure, and last-mile mobility as the country seeks to sustain the rapid growth of electric vehicle (EV) adoption. The calls came
Electra EV eyes threefold growth as commercial EV demand surges
Electra EV expects to triple its business to around ₹600 crore in FY27, after posting ₹200 crore in FY26, and sees potential for another threefold growth next year. The Ratan Tata-founded EV component maker is seeing strong demand across electric LCVs, buses,
Bounce returns to scooter rentals with 14K EVs, turns EBITDA profitable in FY26
Bounce has restarted its scooter rental business with electric two-wheelers manufactured by the company, moving further toward a recurring-revenue model focused on gig and delivery workers. The Bengaluru-based electric mobility startup is now close to deployin
Auditors Flag Second Suspected Employee Fraud At Ola Electric Arm
Ola Electric’s FY26 annual report disclosed another suspected employee fraud at its wholly owned subsidiary Ola Electric Technologies Pvt Ltd…
Ather & Ola Electric: A tale of two contrasting rides
Ather Energy's stock price has significantly increased since its IPO. Ola Electric's shares are currently trading below their initial public offering price. Ather's average monthly sales have risen, while Ola's have declined sharply. Product development and ma
West Bengal Floats Consultancy Tender for Battery Storage Project
The West Bengal Power Development Corporation (WBPDCL) has invited bids to select a consultancy firm to conduct a feasibility study and prepare a detailed project report (DPR) for a battery energy storage system (BESS) at the Kolaghat Thermal Power Station in
Hoymiles Launches 22 kW V2X Charger To Integrate EVs With Households
Chinese power electronics company Hoymiles has launched a 22 kW bidirectional V2X DC charger, expanding its home energy portfolio to include electric vehicles as an integrated energy resource. The charger is designed to work with Hoymiles’ HiOne All-in-O
EV retail sales rise 53% in August to 2.98 lakh units: FADA
Electric vehicle retail sales in August grew 52.9 percent year-on-year. The two-wheeler segment led this growth with 1,83,204 units sold. Electric passenger vehicle sales also increased to 30,696 units last month. Three-wheeler sales rose 25.28 percent, while
Electra EV looks at three-fold growth on strong order pipeline
Electra EV is optimistic about its business prospects, projecting a threefold increase in revenue for this fiscal year. With robust demand across multiple electric vehicle segments, the company forecasts similar growth for the following year. Additionally, bat
China starts charging fees on chipmaking chemical from Japan
China began collecting "deposits" on imports of a key chipmaking chemical from Japan on Tuesday after it said a probe found evidence of dumping that harmed Beijing's domestic industry. The Chinese commerce ministry said on Monday that "preliminary evidence sho
As China Pauses New Battery Plants Its Own Solar Playbook Says Don't Expect Much
China has frozen approvals for battery storage factories that haven't broken ground, citing overcapacity. It's the same script China ran on solar panels starting in 2025. A campaign that is still, eighteen months on, struggling to move prices. Here's what's ac
Solis Deploys First EverCore Battery Storage System In India At Chennai IT Data Centre
Solis, the inverter and energy storage solutions provider owned by Ginlong Technologies, has deployed its first SolisStorage EverCore battery energy storage system (ESS) in India at a software IT data centre in Chennai, Tamil Nadu. The project, implemented in
Ola Electric Eyes ₹1,500 Cr, Weekly Funding Rundown & More
Ola Electric Wants More Money Barely three months after its ₹780 Cr QIP, Ola Electric is back again in the…
Ola Electric clears Rs 1,500 Cr fundraise; Startup funding dips marginally
Ola Electric’s board approved a fund raise of up to Rs 1,500 crore, while Shradha Sharma and Manoj Kumar Kohli were approved for re-appointment as independent directors.
Ola Electric Board Approves ₹15 Billion Fundraise Plan
Electric vehicle manufacturer Ola Electric Mobility’s board of directors has approved a resolution to raise up to ₹15 billion (~$158.84 million) through the issuance of equity shares and other securities.The company may raise the funds by issuing equity shares
LG Energy Solution, SNU Crack Key Challenge to Stabilise Large-Format LMR Batteries
LG Energy Solution and Seoul National University have identified a way to improve the stability of next-generation lithium manganese-rich (LMR) batteries, addressing a key challenge in their application in large-format electric vehicle (EV) cells. The findings
India's battery industry set to generate up to 2M jobs by FY30: Adecco India
The industry's evolution from import dependency to a fully integrated cell-to-recycling industrial ecosystem is expected to create several jobs, says talent company Adecco India.
Alternative fuels overtake petrol in India’s car sales for first time as CNG, EVs and hybrids gain ground
In response to soaring fuel costs, consumers are now leaning towards alternative fuels like CNG, hybrids, and electric vehicles, resulting in a decline in petrol sales. Rural markets have played a pivotal role in driving year-on-year vehicle registration growt
Ola Electric clears Rs 1,500 Cr fund raise; COO quits
Ola Electric’s board approved a fund raise of up to Rs 1,500 crore, while Shradha Sharma and Manoj Kumar Kohli were approved for re-appointment as independent directors.
Ola Electric Board Approves Fresh ₹1,500 Cr Fundraise After ₹780 Cr QIP
Listed EV maker Ola Electric’s board has approved a fresh fundraise of up to ₹1,500 Cr, three months after the…
Ola Electric approves Rs 1,500 Cr fundraise; COO Hyun Shik Park resigns
Electric two-wheeler maker Ola Electric has approved a plan to raise up to Rs 1,500 crore through the issuance of equity shares or convertible securities. The company’s board approved the proposal on September 5. The fundraise can be carried out through
Ola Electric Opens First Dealer-Led Stores, Eyes 500-Outlet Network
Electric two-wheeler maker Ola Electric has opened its first dealer-operated stores across India, less than a month after announcing a…
India proposes mandatory battery storage for new renewable projects from July 2027
India plans to require two-hour battery storage equivalent to at least 10% of capacity for new government solar and onshore wind projects commissioned after July 1, 2027. The requirement would rise to four hours from July 2029. Draft rules also propose grid-fo
Higher Sales and Demand Push ChargePoint’s Revenue Up 18% in Q2 FY 2027
U.S.-based electric vehicle (EV) charging solutions company ChargePoint posted revenue of $116.075 million in the second quarter (Q2) of the fiscal year (FY) 2027, up 17.7% year-over-year (YoY) from $98.59 million, exceeding analysts’ expectations by $10.8 mil
Govt wants automakers to plug gaps in highway EV charging
The government wants automakers to take greater responsibility for expanding and maintaining India’s EV charging network, as nearly half of the mapped charging stations are reportedly non-functional.
Flipkart Minutes’ order value nears Blinkit’s: UBS
Flipkart’s quick-commerce platform Minutes is seeing order values close to market leader Blinkit, with its mobile and electronics mix giving it an advantage in overall basket size, according to UBS. Excluding mobile phones, Flipkart Minutes’ net or
C&I Battery Storage Economics is Tied to Value Stacking: Interview
Battery energy storage systems (BESS) are evolving from backup power solutions into active energy management assets for commercial and industrial (C&I) consumers. Peak demand management, tariff optimization, renewable energy integration, diesel generator
BW ESS Acquires 126 MW/675 MWh Battery Storage Portfolio in Spain
BW ESS, an energy storage project developer and operator, has acquired two utility-scale standalone battery energy storage projects in…
Brazil's Move to Split Its Battery Auction in Two Parts Is A Template India Hasn't Considered yet
Brazil's example could be one worth emulating for India, considering how it has drawn Chinese majors to consider local tie-ups for manufacturing. India's complicated relationship with China, and that country's reluctance to allow any offshoring of its battery
Simple Energy Catches The Mass-Market Wave
After years of chasing premium and performance-focused buyers, EV startups are now setting their sights on the mass market. While…
PM Modi urges auto industry innovation for Viksit Bharat; pushes for EV acceleration
Prime Minister Modi urged the Indian auto industry to innovate for Viksit Bharat by 2047. Adviser Tarun Kapoor stressed accelerating the electric mobility transition for energy security. He warned of increasing restrictions on four-wheelers, especially in urba
Ola Electric to consider another fundraise amid market share pressure
Ola Electric Mobility is looking to raise fresh capital, just three months after raising Rs 780 crore through a qualified institutional placement, according to a disclosure sourced from its stock exchange filing. The fresh fundraise comes as the electric
Many more Mercedes-Benz launches coming in 'key growth market, tech hub' India: CEO Ola Kallenius
Mercedes-Benz Group CEO Ola Kallenius said India has become a key growth market and technology hub for the company, with the automaker planning to introduce many more models in the country over the coming years.
Leanwatts Bags $2 Mn To Build Portable EV Chargers In India
Clean tech startup Leanwatts, which manufactures EV chargers, has raised $2 Mn (around ₹18 Cr) in its seed funding round…
India’s EV push could slash annual oil and battery import bill by $125 billion by 2050: Study
India has the potential to save as much as USD 125 billion every year by 2050 through a swift transition to electric vehicles. The savings from reduced import costs significantly eclipse battery costs. Accelerating the shift towards electrification mitigates t
India needs faster EV transition in trucks, buses, domestic capacity in critical tech: PM adviser
India must accelerate electric mobility, particularly for trucks and buses, to enhance energy security. The next five years are critical for major industry changes and meeting technology goals. Faster electrification of heavy vehicles is essential due to diese
EV subsidies to end in coming years, auto companies must prepare: Heavy Industries Secy
As stated by officials, government subsidies for electric vehicles will phase out in the coming years. It is imperative for automobile companies to work together to enhance charging infrastructure, paving the way for comprehensive electrification. Manufacturer
As Enterprise AI Starts Charging For Work, Owning The Outcomes Becomes The Contest
The most consequential change in enterprise AI this year is not a model release, it is a change in what…
Uttarakhand Floats Tenders for 100 MW/250 MWh Battery Storage Projects
Uttarakhand Power Corporation (UPCL) has invited bids through three tenders to develop grid-interactive standalone battery energy storage systems (BESS) with a cumulative capacity of 100 MW/250 MWh at 33/11 kV substations across the state.
Two-wheeler EV maker Simple Energy eyes another fundraise
The planned fresh fund raise will help Simple Energy to scale production even as the company has introduced a new model.
Hyundai Motor India targets No. 2 spot with new SUVs, higher production capacity
Hyundai Motor India plans to launch two new SUVs, including an electric model, to boost sales. The company is increasing production capacity to support future growth and regain its market position. Hyundai expects to outperform industry growth in the latter ha
Zepto’s New Game Plan, Layoffs At Zomato & More
Zepto’s Retention Playbook After postponing its IPO in July, Zepto is now trying to fix its unit economics. The quick…
Zepto’s Retention Play: Fewer Discounts, Premium Carts & A Paid Club
Before we turn the talk to Zepto’s IPO delay and how the company is looking to address the one problem…
Zenergize Bags $4 Mn To Scale Production Of Its EV Chargers
Clean tech startup Zenergize, which manufactures chargers for electric vehicles (EVs), has raised $4 Mn (nearly ₹38 Cr) in its…
Yuma Energy Bags $35 Mn To Expand Its Battery Swapping Network
Battery swapping platform Yuma Energy has raised $35 Mn (₹333 Cr) in its Series A funding round from existing backer…
Your EV is carrying six invisible passengers? EU data shows how electric cars differ from petrol & diesel vehicles
Electric vehicles are considerably heavier than their petrol-powered counterparts, mainly because of the added weight of their battery systems. According to recent European Union data, plug-in hybrids are the heaviest, followed by fully electric cars, while co
TVS retains EV two-wheeler lead in August as market declines 11%
India’s electric two-wheeler industry recorded a 11% month-on-month decline in August to 1.82 lakh units from 2.05 lakh units in July, with most major players witnessing a steep drop. TVS Motor retained the top spot despite the broader market slowdown. A
India EV sales jump 51% in August as robust demand drives electric car and 2W market growth
India's electric vehicle market witnessed an impressive 51% year-over-year growth in August. Despite this surge, a 12% sequential decline was recorded, attributed to festival-related office holidays. Electric two-wheelers experienced a remarkable 69% annual in
How Magron is building ‘Generation 2’ of electric vehicles
Bengaluru-based EV startup Magron is developing three electric motorcycles alongside technologies such as wireless charging and an AI-powered riding assistant.
Battery-swapping startup Yuma Energy raises $35 Mn from Magna International
Battery-as-a-Service (BaaS) provider Yuma Energy has raised $35 million in a Series A funding round led by Magna International Inc. The Bengaluru-based startup has also acquired battery technology company Grinntech to strengthen its battery technology and manu
E2W Registrations Contract By Over 16% In August; Ola Electric’s Market Share Improves
Marking a second consecutive month of decline, monthly registrations of electric two-wheelers (E2Ws) in India fell below the 2 Lakh…
BlackRock Buys Ather Shares Worth ₹445 Cr
Asset management giant BlackRock has purchased nearly 26 Lakh shares of electric vehicle (EV) maker Ather Energy via an open-market…
Ather Shares Surge 5.7% To Hit Record High After Konarc Launch
Shares of EV maker Ather Energy touched a fresh all-time high of ₹1,703.90 during the intraday trading today following the…
Tata Motors PV sees EV boom, bets on record festive quarter as bookings triple: Executive
Tata Motors Passenger Vehicles Ltd is increasing its electric vehicle market share. The company has experienced a three-fold growth in electric vehicle bookings recently. Production capacity is currently limiting the company's ability to meet strong demand. A
Ola Electric Secures Centre’s ₹95.81 Cr Incentive Under PLI-Auto Scheme
Electric two-wheeler maker Ola Electric has secured a ₹95.81 Cr incentive under the government’s Production Linked Incentive (PLI) Scheme from…
New-Age Tech Stocks See Mixed Week; Ather Rallies 10%, Shiprocket Falls 9%
Investor sentiment towards new-age tech stocks remained subdued this week even as the IPO pipeline continued to expand. Shiprocket, LEAP…
Ather Launches Konarc Escooter At ₹99,999, Offers Up To 200 Km Range
EV maker Ather Energy has launched its new Konarc electric scooter at a starting price of ₹99,999 as it looks…
Ather launches Konarc electric scooter at ₹99,999 with 200 km range, 10-year battery warranty
The new Konarc electric scooter by Ather Energy is now on the market, starting at ₹99,999. This model features the innovative EL platform and comes in six distinct variants. Prioritizing ride comfort and road stability, the Konarc introduces an in-house develo
Renewable energy projects can now store and sell curtailed power using co-located battery systems
The renewable energy landscape is evolving as the power ministry allows the storage of curtailed electricity from renewable projects. This stored energy can be harnessed to charge on-site battery systems, enabling developers to independently sell this surplus
Ola Electric Launches S1Z Escooter With Bharat Cell LFP Battery
EV maker Ola Electric has launched its new S1Z escooter range, powered by the company’s locally developed 46-series lithium iron…
Ola Electric launches S1Z, deliveries to begin in December
Ola Electric’s S1Z electric scooter starts at Rs 79,999, while the top-end variant offers a claimed IDC range of 301 km.
Ola Electric gets Rs 95.81 crore PLI incentive for second straight year
Ola Electric secured Rs 95.81 crore under the PLI-Auto Scheme for FY 2026-27. This incentive follows a previous sanction of Rs 366.78 crore for FY 2024-25. The company's manufacturing capabilities and commitment to EV technology are recognized. This reinforces
Ola Electric brings indigenous Bharat Cell LFP tech to mass market with all-new S1Z
Ola Electric introduces the S1Z scooter featuring indigenous LFP battery technology. This new range aims to bring advanced technology to the mass market segment. The S1Z will be available in two variants with different battery capacities. Deliveries for these
Mahindra Group expands Battery-as-a-Service model to entire eSUV portfolio
Mahindra Group has expanded its Battery-as-a-Service model across its entire eSUV portfolio. This flexible ownership option lowers upfront vehicle purchase costs for customers. Customers can now finance their vehicle and battery separately through a dual-finan
Hero MotoCorp to raise stake in Ather Energy to 32.8% with Rs 1,758 Cr investment
Hero MotoCorp has increased its stake in electric two-wheeler maker Ather Energy to around 32.8% by acquiring shares from GIC, the sovereign wealth fund of Singapore. As per bulk deal data, Hero MotoCorp acquired 1.19 crore Ather shares from Government of Sing
Hero MotoCorp Buys Additional 3% Stake In Ather For ₹1,758 Cr
Auto giant Hero MotoCorp today bought additional 1.18 Cr shares of EV maker Ather via an open-market transaction for ₹1,758…
Byhmgard Acquires Rights to 50 MW Battery Storage Project in Finland
Listen to this article Byhmgard, a utility-scale energy storage project developer, has entered into binding agreements through a wholly owned project company to acquire the
Ather share price up 7% after Hero MotoCorp increases stake
Existing shareholder Hero MotoCorp said it will invest Rs 1,758 crore to acquire additional shares in Ather Energy.
Why JSW's Battery Plant Delay Signals a Bigger Problem for India's LFP Ambitions
JSW Group has paused its planned battery manufacturing facility in Odisha while it hunts for a technology partner capable of producing lithium iron phosphate (LFP) cells. Jindal clarified that the group has already gotten two things running: a cell-to-pack ass
Tata Motors rolls out Tata.Cars identity for PV business, aims to meet India's growing aspirations
Tata Motors revealed its new brand identity, Tata.Cars, targeting its passenger vehicle market and aiming to resonate with the evolving aspirations of Indian buyers. The company also debuted Tata.ev for its electric vehicle offerings, a strategic rebranding in
India's EV market to reach Rs 20 lakh cr by 2030, will create 5 cr jobs: Nitin Gadkari
India's electric vehicle market is projected to reach twenty lakh crore rupees by 2030. This significant growth is expected to generate five crore new employment opportunities across the nation. The government aims to make India's automobile industry the world
India plans Rs 13,000 crore in aid to spur battery parts output
India's new plan aims to reduce reliance on Chinese producers and boost local manufacturing. The government sees fostering a domestic battery supply chain as a strategic priority. Existing incentives for cell manufacturing have faced delays due to supply chain
Commercial EV maker Omega Seiki Mobility raises additional Rs 50 Cr funding
The fresh capital will be used to increase the company's installed manufacturing capacity, strengthen R&D, expand its dealer and service network, and accelerate the rollout of next-generation electric mobility products. The company had earlier this month r
AmpereHour builds the battery systems that let a grid store what its solar farms generate
The Pune-based company assembles modular storage systems and writes the software that runs them for utilities and industrial customers
MENA Weekly Round-Up: Egypt Approves 1 GW Solar, 600 MWh Battery Project
Egypt approved a major solar-plus-storage project in Minya Governorate, granting Nefer Minya Renewable Energy a golden license to develop 1 GW of solar capacity alongside a 600 MWh battery energy storage system. The $750 million project will be developed in th
LFP for Most, NMC for the Best: Ola Electric's New Battery Strategy
Ola Electric is reshaping its battery strategy around two different lithium-ion chemistries, with lithium iron phosphate (LFP) expected to become the dominant technology across its mass-market electric vehicles and energy-storage products, while nickel mangane
JSW MG Motor launches Hector Tomahawk EV, PHEV: Check price, range, features
JSW MG Motor India has launched the Hector Tomahawk in electric and plug-in hybrid versions. These new models are available under a Battery-as-a-Service pricing structure. The electric variant offers a substantial range and supports fast charging capabilities.
Hero MotoCorp Subscribes to Rs. 960 Cr Ather Warrants, Deepens EV Bet
Hero MotoCorp Limited is deepening its investment in electric mobility by subscribing to a preferential issue of Ather Energy Limited (Ather), following its earlier commitment to invest up to Rs. 1,000 crore in the EV maker. The latest transaction increases He
Tata Communications, Tata Motors partner to launch 5G-powered Sierra.ev
Tata Communications and Tata Motors Passenger Vehicles have partnered to equip the Sierra.ev with built-in 5G connectivity, integrating Tata Communications’ MOVE platform with Tata Motors’ N.IO software-defined vehicle architecture. The setup will enable seaml
POWERGRID Invites Bids for 530 MWh Battery Storage Project in Haryana
Power Grid Corporation of India (POWERGRID) has issued a pre-bid tie-up tender to set up a 265 MW/530 MWh standalone battery energy storage system in Haryana.The last date to submit bids is August 31, 2026.POWERGRID has floated the tender to pre-select a contr
Penalizing RE generators for the weather: are Battery Energy Storage Systems the complete solution?
The conflict between the steps taken by the Regulator to ensure grid stability and the commercial interest of the renewable power generators continues to remain contentious, with the Regulator making a third attempt to balance such conflict. A stable gr
L&T Wins 6 GWh Battery Storage Order in the Middle East
Listen to this article Larsen & Toubro (L&T) has secured an order to set up three battery energy storage projects in the Middle East, with
L&T wins ₹5,000-10,000 cr 'major' order to build 3 battery storage projects in Middle East
Larsen & Toubro said its renewables business has won a major order in the Middle East to develop three battery energy storage system projects with a combined capacity of 6 GWh.
Hyundai taps Reliance-backed Jio-bp to take EV charging network to 37,000+ points
Hyundai Motor India and Jio-bp are integrating their electric vehicle charging networks. This partnership expands charging points to over 37,000 across India. Users can now access Jio-bp's 7,000 charging points through the myHyundai app. Hyundai plans to signi
Fujiyama to Add 1 GWh Lithium Battery Production Capacity in Madhya Pradesh
Listen to this article Solar energy solutions provider Fujiyama Power Systems (UTL Solar) will invest ₹50 million (~$524,001) to add 1 GWh of lithium battery manufacturing capacity at
Fujiyama Power Plans 1 GWh Lithium Battery Expansion, Tubular Battery Plant
Fujiyama Power Systems has proposed adding around 1 GWh of lithium battery manufacturing capacity at its Ratlam plant in Madhya Pradesh, in addition to the 2 GWh expansion it had announced earlier at the same facility. In a regulatory filing, Fujiyama Pow
EV startup MATTER raises $25M to scale electric motorcycle business
Ahmedabad-based MATTER will use the funding to scale manufacturing, expand distribution and launch four new motorcycles as India’s electric two-wheeler market grows rapidly.
Uttar Pradesh Tenders 2.5 MW Rooftop Solar Projects with Battery Backup
Listen to this article The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to install 2.5 MW of hybrid rooftop solar
Scatec Plans Increasing Battery Storage Capacity Fivefold, Q2 Revenue Up 4%
Listen to this article Norway-based renewable energy solutions provider Scatec posted revenue of NOK1.37 billion (~$147.3 million) in the second quarter (Q2) of 2026, up
EV Manufacturer Omega Seiki Raises Additional ₹50 Cr To Accelerate International Expansion
Weeks after announcing fresh capital raise, EV manufacturer Omega Seiki Mobility (OSM) has secured an additional ₹50 Cr ($5.2 Mn)…
Urban Company Jumps 8% As UBS Sees ‘Blinkit Moment’ In Home Services
Update | August 21, 17:15 IST Shares of Urban Company ended today’s trading session 8.9% higher at ₹158 apiece on…
JBM Auto responds to Bain EV investment report, says no material disclosure required
JBM Auto on Friday clarified that a report on Bain Capital's proposed investment in its electric vehicle business relates to subsidiary JBM Electric Vehicles. The company told stock exchanges that there was no material information requiring disclosure under Re
GMIDC Tenders 150 MW Floating Solar Plus 150 MWh Battery Storage Project
Listen to this article Godavari Marathwada Irrigation Development Corporation (GMIDC) has invited expressions of interest (EoI) to set up a 150 MW floating solar project
Exclusive: Battery Smart raises $19.5 Mn at $430 Mn valuation
EV battery-swapping startup Battery Smart has raised Rs 185.5 crore or $19.50 million in its Series C funding round led by existing investors Rising Tide Ventures with the participation from Ecosystem Integrity Fund and Blume Ventures. In March 2026, the compa
e-TRNL Energy is redesigning the battery cell itself rather than its chemistry
The Bengaluru-based company has developed a cell architecture that it says works with lithium and sodium chemistries alike and has built the machinery to manufacture it.
Delhi Master Plan-2041 Pushes Agri-cum-Solar Farms, Rooftop Solar & EV Adoption
Delhi has recently issued a collaborative governance framework under MPD-2047, which, among other strategies, includes a policy encouraging the development of solar farms in greenfield areas. This is in line with Delhi’s “Agriculture-cum-Solar Farm
Coal India Seeks ₹7 Billion Term Loan for 750 MWh Battery Storage Project
Coal India (CIL) has invited bids for a rupee term loan of ₹7.134 billion (~$74.55 million) to develop a 187.5 MW/750 MWh standalone battery energy storage system (BESS) project in Choutuppal, Telangana. The last date to submit the bids is September 10, 2026.
BMW wants nearly one in three cars it sells in India to be electric
BMW expects electric vehicles to account for more than 30% of its India sales by year-end, up from 26% currently. The luxury carmaker is also considering local assembly of the BMW i5 LWB as it expands its EV and long-wheelbase portfolio.
Behind-the-Meter Battery Storage Gains Ground Across India's Industrial Sector
Walk through an industrial area in Pune or a data centre campus near Chennai, and you may notice something rare a few years ago. Next to the transformer yard, there are now rows of large steel containers quietly running through the day. These are battery energ
AlgoFET builds the docking stations that let drones recharge without a person present
The Bengaluru-based company makes autonomous docking, charging and battery management infrastructure, so that a drone can land, recharge and fly again on its own.
Xbattery makes the circuit board that decides whether a battery pack works or burns
The Hyderabad-based company designs and manufactures battery management systems in-house for electric vehicles and stationary storage, a component India mostly imports.
Uttarakhand Regulator Dismisses Review of Solar, Battery Storage Trading Margins
The Uttarakhand Electricity Regulatory Commission (UERC) has rejected a petition seeking reconsideration of the trading margins prescribed for solar and standalone battery storage projects.
Tata Power Invites Bids for 50 MW/100 MWh Battery Storage Capacity
Tata Power-D, the distribution arm of Tata Power Company, has invited bids to procure 50MW/100MWh (1 cycle) of battery energy storage capacity for a 15-year period from a grid-connected inter-state project in Rajasthan.
Korkia Semecon Finland Renewables Sells 125 MW Battery Storage Project
Korkia Semecon Finland Renewables, a joint venture between Korkia and Semecon, has completed the sale of the 125 MW Kukonkylä…
India’s Next Battery Challenge: What to Do With Retired EV Batteries
India's energy storage industry is booming right now. Grid-scale battery capacity has grown more than elevenfold in just six months, EVs are hitting the road in record numbers, and there's real talk of India becoming a global hub for battery manufacturing too.
Bain Capital looks to drive into JBM Auto’s EV business with $300 mn bet
Seeks significant minority or joint control; Company, among the largest E-bus maker in the country expects 45% of FY27 revenue from EV biz
Rajasthan Invites Bids for 2 MW/4 MWh Small-Scale Battery Storage Systems
The Jaipur Vidyut Vitran Nigam (JVVNL) has invited bids for the design, supply, testing, installation, and commissioning of pilot-based, small-scale, standalone battery energy storage systems totaling 2 MW/4 MWh, along with comprehensive maintenance for 12 yea
Next chapter of India's EV revolution: Why software and emerging tech will matter more than speed
EV vehicles continuously record location, charge level, distance travelled, battery activity and inactive period. However, collecting data without proper action has limited value.
Exicom makes India’s first liquid-cooled EV charger modules
Exicom Tele-Systems is now manufacturing liquid-cooled power modules for EV chargers. This new production facility in Hyderabad will serve global markets, including North America and Europe. The company's move addresses heat challenges in high-power electric v
Awarded, Tendered Battery Storage Capacity in India Tops 105 GWh
Listen to this article Over 105 GWh of battery energy storage system (BESS) capacity is expected to be in place in India by 2029-30, according
Why range anxiety isn’t about battery life; it’s about uncertainty at the charging station
The next phase of infrastructure in India has to be as much about reliable, real-time information as it is about physical rollout. Drivers need to know charger status before they commit to a detour. They need a realistic sense of waiting time. They need to kno
Rechargion builds sodium-ion battery cells from materials India already has
The Pune-based CSIR-NCL spin-off has developed sodium-ion cells using its own hard carbon and electrode materials, and has put them through independent safety testing at ARAI.
Powertrac to Build 10 GWh Battery Storage Manufacturing Facility in Gujarat
Powertrac Group, a renewable energy solutions provider, has announced plans to establish a 10 GWh battery energy storage manufacturing facility in Ahmedabad, Gujarat.The proposed manufacturing campus will span five acres and will integrate battery cell-to-pack
NextEnergy UK I Acquires 107 MW Battery Storage Portfolio in the UK
Listen to this article NextEnergy UK I (NEUK I), a private U.K. fund managed by NextEnergy Capital, has acquired a 107 MW portfolio of three
Govt proposes age limit extension for EVs, hydrogen and CNG-powered vehicles
The Centre proposes extending vehicle age limits by five years. National permit authorisations may be granted electronically for up to five years. Temporary vehicle registrations will have revised validity periods. Automotive component manufacturers will be br
CAG Flags ₹6.78 Cr Incentive Irregularities, Charging Gaps Under FAME
The latest report of the Comptroller and Auditor General (CAG) of India, as tabled in Parliament, has highlighted gaps in the available data on incentives claimed, sanctioned, and disbursed during the period from November 2017 to March 2019. As presented in Pa
20 Bidders, Five Beneficiaries: Rare-Earth Magnet Race Signals Changing Market Competition
India’s tryst with rare-earth minerals has now expanded to include renewable energy companies as the requirement for these components grows across renewable projects such as wind turbines and electric vehicles (EVs), among other applications. This trend
Product Engineer (Battery Storage System)
JOB OVERVIEW We are seeking a technically qualified Product Engineer – Battery Storage System (BESS) with deep hands-on expertise in integrating Solar PV systems with Lithium-Ion Battery Energy Storage across all project scales — Residential Roofto
Ola Electric unveils Shakti energy storage portfolio for homes, businesses and grids
Ola Electric celebrated India's Independence Day with the introduction of its Shakti energy storage series. This groundbreaking lineup incorporates locally sourced LFP battery technology for various uses. Home users can expect the Shakti Gen2 to arrive by Nove
Ola Electric unveils full-stack energy storage portfolio from home to grid
The new energy portfolio of Ola Electric is designed to store energy and deploy whenever needed
Meine Electric’s Iron-Air Battery For LDES Enters Utility-Scale Pilot Evaluation
NTPC Simhadri Thermal Power Station has planned a pilot project to evaluate an indigenous Iron-Air Battery technology for Long-Duration Energy Storage (LDES) applications with Meine Electric, as a technology partner. In a press reelase, Meine
Choices aplenty for car buyers; petrol moves to slow lane as CNG, hybrids, EVs chip away at its share
In major Indian cities, the popularity of petrol cars is waning as consumers turn to CNG, hybrid, and electric vehicles. This is largely influenced by the allure of lower operational costs and superior fuel efficiency. To keep pace with this transformation, au
Ola Electric Unveils Three New Energy Storage Products
With an eye on bolstering its energy solutions business, electric vehicle (EV) maker Ola Electric yesterday announced the launch of…
India state food safety chief targets Eternal, Swiggy, Zepto in sweeping crackdown, suspends permits of 12 warehouses
Maharashtra's food safety chief has taken action by suspending 12 warehouses' permits for grocery giants including Eternal, Swiggy and Zepto after recent inspections exposed disturbing health violations such as cockroach infestations and spoiled produce. Moreo
Nikhil Kamath asks whether India should build EVs or batteries. The answer from Chinese experts may surprise you
Nikhil Kamath’s conversation with Chinese battery experts explores whether India should build electric vehicles or focus on batteries. The discussion examines safety concerns around LFP batteries, the potential of sodium-ion and nickel-based technologies, the
Maharashtra FDA Suspends Licences of 14 Dark Stores Of Blinkit, Zepto & Instamart
The Maharashtra Food and Drug Administration (FDA) has reportedly suspended the licences of 14 “food business establishments” linked to quick…
Hinduja Group to Invest ₹2,500 Crore in Tamil Nadu on Renewables, New Mobility
The Hinduja Group plans to invest ₹2,500 crore in Tamil Nadu across renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure and digital mobility solutions, the group said on Thursday. As part of the commitme
Form Energy Raises $750 Million to Scale Iron-Air Battery Production
Listen to this article Form Energy, an iron-air-based battery systems provider, has raised $750 million in a Series G financing round, bringing Form Energy’s total equity
Fall in Battery Hardware Resales Pulls Stem’s Q2 Revenue Down 12% YoY
Energy storage company Stem’s revenue fell 12.3% year-over-year (YoY) to $33.65 million in the second quarter (Q2) of 2026 compared with $38.37 million, missing analysts’ estimates by $2.99 million.The company attributed the revenue decline to lower battery ha
Can Zepto’s Revenue Engine Outrun Quick Commerce Costs?
In 2021, when much of India was still getting used to ordering groceries online, two teenage Stanford dropouts, Aadit Palicha…
MiniMines Gets Indian Patent for Lithium-Ion Battery Recycling Technology
MiniMines Cleantech Solutions Pvt. Ltd. has secured a patent from the Indian Patent Office for its proprietary Hybrid Hydrometallurgy (HHMR) technology, marking a significant development in its efforts to strengthen India's critical mineral recovery and batter
India is swapping solo bites for group dining and healthier picks
Out-of-home food and beverage consumption is increasingly shifting towards group occasions. Solo consumption has declined while larger group consumption has significantly risen in recent years. Consumers are also prioritizing healthier snacks and drinks in the
Gujarat Tenders 1 GW/4 GWh Standalone Battery Storage Projects
Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up 1,000 MW/4,000 MWh of standalone battery energy storage systems (BESS) in the state (Phase-X).
Yulu Raises $93 Million in Series C Funding, Eyes 200,000 EV Fleet
Electric mobility-as-a-service company Yulu has raised $93 million in a Series C funding round led by GEF Capital Partners. The funding comprises $63 million in equity and $30 million in debt.
Yulu Bags $93 Mn To Scale EV Fleet, Enter Full-Size Electric Scooter Segment
Electric mobility service provider Yulu has raised $93 Mn (about ₹887.5 Cr) in its Series C funding round led by…
Why India’s Electric Bus Push May Depend More on Finance Than Batteries
For years, the headline number in India's electric vehicle story has been the electric two-wheeler ( e2w ) and electric three-wheeler ( e3w ) count, all thanks to scooters and autos flooding city streets under subsidy schemes. But a fresh data dump from
Petronas arm Gentari puts India EV charging business up for sale
Petronas subsidiary Gentari has begun exploring a sale of its Indian green mobility unit, Gentari Green Mobility India, which operates about 3,000 EV charging points across 11 states. The process comes after an earlier attempt to divest a significant minority
Ola Electric secures 5-year PLI window, to get upto Rs 7,240cr in incentives
A filing disclosed that the disbursements will be made quarterly, starting from next quarter.
Ola Electric gets revised ACC PLI timeline, eyes Rs 7,240 crore incentive payout through 2031
Ola Electric's subsidiary received revised timelines for the ACC PLI scheme. This approval secures a full five-year incentive window through calendar year 2031. The company expects to unlock cumulative incentives of up to Rs 7,240 crore. Ola Electric is expand
Ola Electric gets five-year PLI window, eyes Rs 7,240 Cr incentive
Ola Electric has secured a revised timeline under the government’s Production Linked Incentive (PLI) scheme for advanced chemistry cells (ACC), giving its battery business a fresh five-year window to qualify for incentives of up to Rs 7,240 crore. The Mi
Ola Electric Eyes Up To ₹7,240 Cr Battery Cell PLI Incentives After Timeline Revision
The Ministry of Heavy Industries (MHI) has revised the timelines under the advanced chemistry cell (ACC) PLI scheme for Ola…
Octillion Opens Third EV Battery Plant in India With 3 GWh Annual Capacity
Octillion Power Systems has opened its third manufacturing facility in India, adding production capacity in Halol, Gujarat, as demand for electric vehicle ( EV ) battery systems grows across passenger, commercial and public transport segments. The facility cov
Maharashtra Invites EOIs for 170 MW Floating Solar Project with Battery Storage
The Godavari Marathwada Irrigation Development Corporation (GMIDC) has invited expressions of interest (EOI) to develop a 170 MW AC floating solar project with a battery energy storage system (BESS) in Maharashtra.
India’s EV charger network crosses 67,600 as FAME-II supports 16.7 lakh vehicles
India has installed over 67,000 electric vehicle chargers nationwide. The FAME India Phase-II scheme supported 16.72 lakh electric vehicle sales. Over 5,000 electric buses have been deployed under the FAME-II scheme. Other government initiatives have also boos
GUVNL Announces Winners of 450 MW/900 MWh Battery Storage Auction
Gujarat Urja Vikas Nigam (GUVNL) has announced the winners of the auction to set up 450 MW/900 MWh of battery energy storage systems in the state, with viability gap funding from the power system development fund (Phase-IX).
EV mobility service startup Yulu raises $93M led by GEF Capital
Yulu will use this funding round to increase its fleet capacity to 2 lakh electric vehicles and expand service hubs.
ChargeZone, Landmark Cars announce strategic partnership
Customers purchasing electric vehicles from any Landmark dealership across India will receive charging benefits on ChargeZone's nationwide fast-charging network, bringing charging benefits into the EV ownership journey from the point of purchase, a company sta
Amara Raja Starts 10 GWh Battery Plant Construction, Q1 Revenue Up 24%
Energy storage solutions provider Amara Raja Energy and Mobility reported revenue from operations of ₹42.15 billion (~$442.58 million) in the first quarter (Q1) of the financial year 2027, up 23.9% year-over-year (YoY) from ₹34.01 billion (~$357.12 million).Th
Zepto Faces Fresh Regulatory Heat As Bengaluru Warehouse Sealed Over Food Safety Violations
Adding to the ongoing regulatory scrutiny, the Food Safety Division of Karnataka’s Food Safety and Drug Administration Department has sealed…
Indofast, GLIDA to set up 100+ battery-swapping stations across India
Indofast Energy and GLIDA will co-locate battery swapping stations at charging sites. They aim to establish fifty sites with over one hundred swapping stations. This collaboration creates integrated EV energy destinations for users. Delivery riders and fleet o
How Nexular is helping EV makers track and manage connected vehicles
Bengaluru startup Nexular builds hardware, software, and AI tools that help EV makers track, manage, and monetise vehicles after sale.
European Energy Secures $78 Million for UK Solar and Battery Project
Listen to this article European Energy, a renewable energy project developer, has secured £58.1 million (~$78.5 million) in construction financing for its Indian Queens hybrid
Blinkit’s Mumbai Facility Licence Suspended After FDA Finds Cockroach Infestation
The Maharashtra Food and Drug Administration (FDA) has suspended the food licence of a Blinkit facility in Mumbai’s Malad West…
Ola Electric’s Comeback Quarter Comes With A Caveat
Under deep public scrutiny, Bhavish Aggarwal’s Ola Electric has spent the past year trying to fix a business that had…
How Dynolt is building India’s EV charging electronics around software instead of hardware
The Bengaluru-based company makes power converters for two-wheeler and three-wheeler chargers and battery swapping stations, and claims to have deployed more than 14,000 across India.
Ethanol, EVs must coexist in India's clean mobility transition; E20 mileage impact limited: IFGE
IFGE said India needs a diversified energy strategy comprising ethanol, electric vehicles, hybrids, CNG and hydrogen, particularly as nearly 300 million internal combustion engine (ICE) vehicles remain on the country's roads.
Ather's demand outpaces capacity as monthly pre-orders cross 50,000
Ather Energy's latest earnings call showed a sharp mismatch between demand and supply, with the electric scooter maker's monthly pre-orders crossing 50,000 while its existing capacity remains well below that level. The company is now accelerating capacity expa
Turning battery waste into strategic resources: The next opportunity for Indian industry
As EV adoption accelerates, end-of-life batteries are emerging as a strategic source of critical minerals. Building a robust battery recycling ecosystem will be key to India's resource security, manufacturing resilience, and clean energy future.
Swiggy, Zomato, Zepto May Face EV Mandate, 2% Welfare Levy In Maharashtra
New-age tech consumer tech companies like Swiggy, Zomato, Zepto, and Meesho could face higher costs in Maharashtra as the state…
Ather Jumps 17% To Lead Weekly Rally In New-Age Tech Stocks, MapmyIndia Biggest Loser
With the Q1 earnings season in full swing, investors actively traded new-age tech stocks based on the latest financial disclosures,…
AI is reimagining service companies; Ola Electric narrows loss in Q1
Northbound Advisors is building a proprietary AI tool with a partner, trained on eight years of work across diligences, CFO advisory, legal, tax and risk engagements.
Pace Digitek Targets 10 GWh BESS Capacity by FY27-End, Eyes Battery Cell Manufacturing
Pace Digitek has outlined an ambitious growth roadmap centred on battery energy storage systems (BESS), manufacturing expansion and technology localisation after reporting a strong start to FY27. During its Q1 FY27 earnings call, the company said it is o
Ola Electric's Q1 FY27 revenue drops 45% to Rs 455 Cr, loss narrows 22%
Electric vehicle maker Ola Electric continued to struggle during Q1 FY27 as its revenue declined 45% year-on-year. However, the Bengaluru-based company managed to narrow its losses by 22% to Rs 336 crore Ola Electric’s revenue from operations declined to
Mumbai's BEST To Procure 220 MW Solar With 440 MWh Battery Storage
Mumbai's Brihanmumbai Electric Supply and Transport (BEST) Undertaking has received approval from the Maharashtra Electricity Regulatory Commission (MERC) to procure 220 MW of solar power coupled with a 110 MW/440 MWh Battery Energy Storage System (BESS). BEST
Mobility startup E3 Electric.AI launches intelligent e-scooter E3 TRION
Bengaluru-based electric mobility startup E3 Electric.AI has launched its intelligent electric scooter, E3 TRION, which it says is designed to create a new category in the mobility space. The AI-powered E3 TRION integrates human-centric design with predictive
IEEFA-Ember Calls for Battery Storage Push to Future-Proof Delhi's Grid
Delhi's power sector is well-positioned for a clean energy transition, but scaling rooftop solar, battery energy storage systems (BESS), demand-side flexibility and electricity market reforms will be critical to meeting the capital's rapidly rising electricity
How to raise funding for an EV startup in India (2026 playbook)
The EV funding landscape in India — who's writing cheques, what stage they fund, and how to get in front of them.
EV startup funding tracker: July 2026 — the rounds that moved the needle
Every significant EV funding round in India for July 2026, with the signal each one sends about where the market is heading.
Battery Smart's extended Series B pushes valuation to $450 million
The battery-swapping network raises $21M more as swapping consolidates in the 2W/3W commercial segment.
Kazam raises $6.2M led by IFC to scale EV charging infrastructure
The EV charging software platform powers 68,000 chargers and 5M+ sessions — now backed by the World Bank's private arm.
Ather Energy's ₹2,981 crore IPO — a muted debut after a tepid subscription
Ather's IPO subscribed 1.43x, listed at a 2.2% premium then slipped — what it says about EV valuations and the IPO market.
Magenta Mobility raises ₹100 crore pre-Series B, eyes ₹400-500 crore Series B
The Amazon/Flipkart fleet partner scales 2,700 electric 3-wheelers with bp and Morgan Stanley backing.
Exponent Energy raises ₹200 crore for 15-minute rapid charging expansion
The Ather-alumni-founded charging startup scales beyond Bengaluru and Delhi with 360 ONE Asset and TDK Ventures leading.
Zypp Electric raises $6.5M more in an ongoing Series C — up to $50M planned
The EV-as-a-service player targets $50M in its Series C as gig-economy delivery electrifies.
BluSmart raising $50M at $335M pre-money as EV ride-hailing scales
The EV cab operator runs 8,500 EVs and a 5,800-station charging network — now raising its Series B.
Ola Electric's ₹6,146 crore IPO — India's largest EV listing of 2024
Ola Electric's market debut, subscription details, use of proceeds and what it signalled for the Indian EV capital markets.