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[Funding alert] EV startup Euler Motors raises an additional $2.6M in Series A round

[Funding alert] EV startup Euler Motors raises an additional $2.6M in Series A round
Euler Motors has become the first EV company, globally, to raise funds from ADB Ventures, and closed its Series A funding round at $9.5 million.
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Euler Motors, an OEM focused on electric commercial vehicles (EVs), has closed its Series A funding round at $9.5 million, with
additional investments of $2.6 million raised from new investor
ADB Ventures the venture investing arm of Asian Development Bank and existing investor Blume Ventures.
This also marks the first investment by ADB Ventures in an EV company globally.
“ADB Ventures’ investment in Euler Motors signals a growing market readiness for EV in India. We are delighted and proud that ADB Ventures have chosen Euler Motors as their first investment in an EV company. We believe it is a testimony to our execution so far against our defined vision, and the quality of our innovation,” sai ....

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How EV startup Earth Energy is focusing on Made in India products to disrupt the segment

How EV startup Earth Energy is focusing on Made in India products to disrupt the segment
Determined to put a dent in Indian’s green mobility landscape, Mumbai-based EV startup Earth Energy is developing smart, affordable, and easily adoptable electric vehicles for consumers and businesses.
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Since childhood,
Rushi Shenghani has been passionate about designing and developing vehicles from scratch. Driven by a tremendous zeal towards the
EV industry, Rushi began his current venture,
Earth Energy, from a room in his college hostel.
Keen to build the most coveted electric vehicle company in India, Earth Energy was launched in the year 2017. “As a brand, we always wanted to make the majority of our drivetrain and power components in-house or localised,” Rushi says. ....

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This Made in India EV battery maker recorded Rs 50 Cr turnover in 1 year

This Made in India EV battery maker recorded Rs 50 Cr turnover in 1 year
Delhi-based iPower Battery’s energy solutions are popular among EV startups such as Okinawa, Crayon Motors, EbikeGo, Mobycy, Tunwal, Deltic etc as they are swappable, modular, and come with advanced tracking, geo-fencing, remote monitoring, etc.
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When
Elon Musk’s Teslaentered India and set up a subsidiary in January 2021, it was like a stamp of approval for the nation’s burgeoning electric vehicle (EV) industry. The US-based electric car giant is setting up its manufacturing unit in Karnataka, said
Chief Minister BS Yediyurappa recently.
The government has set a goal of 30 percent EVs by 2030, and the EV industry is working to meet this target. Numerous EV companies and startups such as Okinawa, Crayon Motors, EbikeGo, Mobycy, Tunwal, Deltic, and Lohia have hit the ground running. ....

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Ola to deploy ABB robotics at its mega-factory for electric scooters

Ola Electric today announced that it will deploy ABB robotics as one of its key partners for robotics and automation solutions for its mega-factory in India ....

United States , New Zealand , United Kingdom , Sanjeev Sharma , Bhavish Aggarwal , Managing Director , South Asia , Latin America , Rev Startups , Ola Electric , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , சஞ்சீவ் ஷர்மா , நிர்வகித்தல் இயக்குனர் , தெற்கு ஆசியா , லத்தீன் அமெரிக்கா , எவ் தொடக்கங்கள் , ஓல மின்சார ,

[Funding alert] Noida-based EV startup Lohum raises $7M from Baring Private Equity Partners

[Funding alert] Noida-based EV startup Lohum raises $7M from Baring Private Equity Partners
The funds raised by the Noida-based EV company will be utilised in expanding its manufacturing capabilities and overseas operations.
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LohumCleantech Pvt Ltd raised $7 million in a round led by the investment firm,
Baring Private Equity Partners India. Other investors who participated in the round include
Talbros Automotive Components Ltd and a few others.
According to a statement released by the company, the funds will be utilised for accelerating the growth plans of the company to
achieve an integrated domestic capacity of 700MWh within a year. The company, which already has a manufacturing facility in Greater Noida, announced the launch of a second facility with this fundraise which will further expand the company s manufacturing capabilities. The company also plans to open a recycling plant in the US in the coming times. ....

Talbros Automotive Components Ltd , Lohum Cleantech Pvt Ltd , Noida Based Lithium Ion , Baring Private Equity Partners , Greater Noida , Lithium Ion Batteries , Rev Startups , டால்ப்ரோஸ் தானியங்கி கூறுகள் லிமிடெட் , நொய்டா அடிப்படையிலானது லித்தியம் அயன் , பாரிங் ப்ரைவேட் பங்கு கூட்டாளர்கள் , அதிகமானது நொய்டா , லித்தியம் அயன் பேட்டரிகள் , எவ் தொடக்கங்கள் ,