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AIIB Invests in 100-percent electric rapid transit system in Bangalore

By : Sustainability ..., Mar 30, 2020

The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a US$335 million loan for a 100-percent electric metro project that will reduce traffic and pollution and increase employment and mobility in India. The investment in the Bangalore Metro Rail...

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Vogo eyes revenue run rate of $120 mn, bets big on EVs

By : Sustainability ..., Mar 9, 2020

Vogo, a bike and scooter sharing start-up, is working on increasing the number of vehicles on its platform to about one lakh as it aims to more than double its revenue run rate to $120 million in the next one year. The Ola-backed company, which operates in Bengaluru,...

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Nitish Kumar asks officials to prepare comprehensive policy to promote electric vehicles in Bihar

By : Sustainability ..., Mar 4, 2020

Bihar CM Nitish Kumar on Tuesday asked officials of five departments to sit together and prepare a comprehensive policy to promote manufacturing and use of electric vehicles in the state. “Senior officials of industries, energy, urban development and housing, transport and...

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Energy storage market to touch $546 billion by 2035, predicts Lux Research

By : Sustainability ..., Feb 27, 2020

The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Lux Research estimates that the three main drivers of energy storage – mobility applications, electronic devices, and stationary...

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Bajaj Auto to develop low-cost electric scooter for start-up Yulu

By : Sustainability ..., Feb 25, 2020

Using its local expertise, Bajaj Auto will offer a more affordable alternative to startup Yulu against Chinese electric two-wheelers. It has started to develop single-seater, low-power electric scooters with a price tag of around Rs 30,000-35,000, a top official at Yulu said...

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SC issues notice to Centre in plea for implementation of electric vehicle policy

By : Sustainability ..., Feb 20, 2020

The Supreme court on Wednesday sought in four weeks a reply from the Centre in a plea seeking details on promotion of electric vehicles and implementation of the Electric Vehicle Policy and and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India...

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Avis India Partners With quikk India for Electric Vehicle Fleet

By : Sustainability ..., Feb 19, 2020

Avis India has announced that it has formed a partnership with quikk India on February 17, 2019, to offer corporate electric mobility services which will include an EV fleet and access to robust charging infrastructure. As the company claims, under the partnership, Avis India...

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Mahindra open to co-owning Mahindra Electric

By : Sustainability ..., Feb 17, 2020

Going by the scale of investments made, and when the first lot of investment was made (2010), Mahindra & Mahindra (M&M) would qualify as the strongest proponent of electric mobility. However, things haven't gone as projected, as the electric vehicle (EV) market’s...

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Karnataka bags Rs 72,000 cr investment proposals; EV, solar power in focus

By : Sustainability ..., Feb 17, 2020

Rs 72,000 crore investment proposals were received at the Invest Karnataka meet, here on Friday, for the states northern region, said an official on Saturday. "About 50 foreign and domestic firms have proposed to invest Rs 72,000 crore in the northwest and northern regions of...

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Electric cars won't sell much, but electric three-wheelers will dominate market: report

By : Sustainability ..., Feb 12, 2020

Electric three-wheelers or e-rickshaws that have become the face of electric mobility in India are set to corner about 50 per cent of all three-wheelers sold in the country as early as 2024, according to a report by Crisil Research. Electrification will also gain traction in...

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