Kia India must invest ₹1,400 crore (US$16.38m) in FY26 to stay eligible for the ₹25,938 crore (US$303.5m) production-linked incentive (PLI) scheme for advanced automotive technologies, […]
Category: Finance
Globally, electric vehicle finance is growing rapidly. In 2022, the market size was USD 28bn and is expected to reach USD 100bn by 2030. The main factors driving the growth of the market are government incentives, increasing environmental awareness, and declining battery prices.
DLL, IRU partner for low-emission fleet transition
Netherlands-based asset finance firm DLL has partnered with Switzerland-based IRU, the global road transport organisation, to support the shift to low-emission vehicle fleets, according to […]
Denmark’s IFU lends US$12.5m to Ecofy for EV, solar finance in India
Ecofy Finance, a green-focused NBFC based in India, has secured a US$12.5m long-term loan from Denmark’s state-owned development finance institution, the Investment Fund for Developing […]
ADB lends US$150m to Shriram Finance for MSME, EV funding
Multilateral lender Asian Development Bank (ADB) has signed a US$150m loan deal with India-based Shriram Finance to fund micro, small and medium-sized enterprises (MSMEs), electric […]
PULSETRAIN raises E6.1m seed funding for integrated EV batteries
Germany-based battery tech company PULSETRAIN has raised E6.1m (US$6.60m) in seed funding from Vsquared Ventures, Planet A (Berlin VC focused on climate tech), and Climate […]
NIO’s repurchase right notification for convertible senior notes
SHANGHAI, 4 January 2024: NIO Inc, a pioneer in premium smart electric vehicles, has revealed a significant update regarding its 0.00% Convertible Senior Notes due […]
Aypa Power secures $550M for utility-scale energy storage projects
CANADA, 13 November 2023: Aypa Power, a prominent independent power producer (IPP) specializing in energy storage and hybrid renewable projects, backed by Blackstone, has successfully […]
Spring Free EV now introduces Residual Capital: Revolutionizing EV financing
SAN FRANCISCO, 31 October 2023: In a significant stride towards accelerating the adoption of electric vehicles (EVs), Spring Free EV, a trailblazer in sustainable transportation, […]
Epsilon now invests $650M in EV battery manufacturing plant in North Carolina
BOLIVIA, 27 October 2023: Epsilon Advanced Materials (EAM), India’s prominent battery materials company, is making a historic foray into the US electric vehicle (EV) market. […]
Daewoo to make India comeback now with e-bikes, e-cycles, and more
MUMBAI, 27 October 2023: Daewoo, a name familiar to many for its cars like Matiz and Cielo in India, is set to make a triumphant […]