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 return to the country. However,….
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.
Stellantis now invests $1.5B in Leapmotor, bolstering global ev business
AMSTERDAM, 26 October 2023: Stellantis NV and Leapmotor are joining forces in a strategic partnership that involves a substantial investment of approximately USD 1.58bn (€1.5bn). This investment marks Stellantis as….
California Energy Commission awards $1.88M to EVCS for EV charger installation in Southern California
LOS ANGELES, 26 October 2023: EVCS, a prominent electric vehicle (EV) fast-charging network operator, has received a grant of USD 1.88m from the California Energy Commission’s (CEC) Reliable, Equitable, and….
UnitX raises $5M to advance AI-Powered manufacturing quality solutions
CALIFORNIA, 5 October 2023: UnitX, a pioneering robotics company in the field of manufacturing quality and yield management, is thrilled to announce a significant USD 5m investment from SE Ventures,….
Fisker secures $150M in growth capital with more potential funding
LOS ANGELES, 30 September 2023: Fisker Inc, a pioneer in emotional and sustainable electric vehicles, has taken a significant step forward in its mission. The company has announced its intention….
UNITI secures $1.5M investment from ARC group to fuel urban EV growth
STOCKHOLM, 13 September 2023: ARC Group proudly announces a substantial USD 1.5m investment in UNITI, an Electric Vehicle (EV) company poised to revolutionize the urban car market. UNITI, founded in….
Seismic Capital’s $15M Investment Boosts Evolectric’s EV Technology Expansion
LOS ANGELES, 13 September 2023: Seismic Capital has unveiled its ambitious plan to invest USD 15m in Evolectric, a prominent Electric Vehicle (EV) technology company headquartered in Long Beach, California…..
Ather Energy secures INR 900 Crore funding from Hero MotoCorp, GIC
BENGALURU, 7 September 2023: Ather Energy, a leading player in the electric vehicle industry, has successfully secured INR 900 crore in funding through a rights issue. The investment comes from….
American Battery Technology secures $50M investment for battery material construction
NEVADA, 4 September 2023: American Battery Technology Company (ABTC), an integrated battery materials technology firm, has successfully secured a significant investment of up to USD 50m through a debt financing….
Pioneering SLMG Beverages to invest INR 100 Crore in EV
UTTAR PRADESH, 4 September 2023: SLMG Beverages, a prominent independent bottler of Coca-Cola in India and Southwest Asia, is making a substantial commitment to eco-friendly transportation. The company has announced….