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Electric Vehicles

Electric vehicles account for 1% of overall vehicles annually sold in India

The government provides subsidy support under the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) scheme and reduced taxation rates to promote EV uptake in India. Purchase of 3,61,000 EVs with incentives cumulating to about INR 600 crore has been supported to date under the FAME Scheme.

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Siemens sees big opportunity in India for its electric mobility solutions

The company expects the first phase of growth in the Indian electric vehicle market coming from commercial vehicles. It has been quick to capitalize on the opportunity by partnering with Switch Mobility, the electric vehicle arm of commercial vehicle major Ashok Leyland.

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RattanIndia forays into electric vehicle space

The private-sector power producer is investing an aggregate INR 150-crore amount into Revolt Intellicorp, a next-generation electric mobility company, as part of its strategy to diversify into new business avenues.

India’s case for linking rooftop solar with storage and EVs

A new report says that combining rooftop solar with storage presents an enormous opportunity for India as the combination becomes economically viable soon. It highlights the best practices from Australia—a nation with the world’s highest rooftop solar capacity per person—to serve as a guide in planning for this integration.

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EV maker Euler Motors and energy service firm Smart Joules raise funding from ADB Ventures

Asian Development Bank’s new venture arm ADB Ventures, which invests in technology startups disrupting traditional sectors in the Asia Pacific, has made its first investments into the Indian startups Euler Motors and Smart Joules.

Electric car maker Triton-EV registers India office

The US-headquartered company has registered its Indian arm by the name of Triton Electric Vehicles India in New Delhi as it plans to capture the nation’s growing EV market. It is also in discussion with a few states to set up a factory.

Electric vehicle transition presents US$266-billion investment opportunity this decade

A new report by government thinktank NITI Aayog and Rocky Mountain Institute (RMI) identifies financing as one of the hurdles for India’s electric mobility transition. It proposes solutions to lower the cost and increase finance for electric vehicles in the nation.

Amplus Solar launches innovation challenge for clean energy start-ups

Applications are invited from start-ups with ready-to-deploy solutions in areas like distributed solar, Internet of Things (IoT) applications in energy, battery storage and electric mobility. Winners will be supported through seed capital to scale up.

Shell-backed smart EV startup raises additional seed funding

The Bengaluru-based TresMoto is developing a range of smart, electric two-wheelers designed exclusively for delivery fleet usage with artificial intelligence-driven remote diagnostics and detachable batteries. 

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Uttarakhand rolls out electric bus service

The hill state in northern India has added the electric bus footprint with the service flagged off in the capital city Dehradun. The state government plans to start 30 such eco-friendly electric buses in this financial year. The buses, supplied by Olectra Greentech, will run in Dehradun, Mussoorie, Rishikesh and Haridwar.

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