Chargeup Co-founder: Mittal, formerly the Chief Technology Officer at Vodafone and a senior leader at Meta, brings a wealth of experience to his new position after initially joining Chargeup as the Chief Digital Officer earlier this year, overseeing tech, data, and partnerships initiatives, the company said.
Greenfuel Energy Investment: Greenfuel Energy Solutions, a supplier of automotive components to OEMs for alternative fuel vehicles, is betting big on the increasing demand for CNG. With this, it has put aside an investment of about INR 24 crore to shift its Gurugram-based operations to a bigger facility in Jhajjar, Haryana. Further, it will invest INR 17.5 crore on new projects in the CNG division until FY25. The automotive supplier looks to clock INR 300 crore revenue in the current fiscal.
India needs around 4,50,000 battery swapping stations, which entails an investment of about $100 billion. Though the segment is growing rapidly, it currently has only about 1,000 stations