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AMO Mobility plans to raise around USD 200 mn in 3 yrs to fund expansion

We have delivered some services but not to the recognised names but our products have been used for last mile delivery at multiple places, Kumar added.The Noida-headquartered firm is currently present in over 100 cities across India, he said, adding that at company has a plan of expansion to 500 cities in another two years. ....

Uttar Pradesh , Sushant Kumar , Amo Mobility , Lakh Electric , Akh Vehicles , Sushant Kumar ,

FAME-II scheme restructuring entire EV industry, needs another extension, says Ather Energy


FAME-II scheme restructuring entire EV industry, needs another extension, says Ather Energy
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Last Updated: Jan 31, 2021, 10:50 AM IST
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The SMEV had argued that since its implementation from April 1, 2019, FAME-II has been able to achieve less than 10 per cent of its target of supporting 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses by 2022.
Reuters
NEW DELHI: FAME-II scheme, the programme meant to promote electric vehicles in India, has helped in attracting investments in the sector in the country and needs to be extended by another three to four years, according to a top official of Hero MotoCorp-backed Ather Energy. Presenting an opposite view to that of the Society of Manufacturers of Electric Vehicles (SMEV) which asked Finance Minister Nirmala Sitharaman to either rejig FAME-II scheme or reintroduce FAME-I, Ather Energy Co-founder & CEO Tarun Mehta told that what the SMEV has sa ....

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