BillionElectric Secures $10M Seed Fund To Enter Niche EV Market
The company has inked a contract to expand its services to 10 additional airports across India, following the initial launch in Bengaluru in collaboration with Veera Vahana.
INR 30K Cr Opportunity Lost, SMEV Requests Rehabilitation Fund
The association noted that the electric vehicle industry has been seeking the withheld subsidy funds for over 18 months, exclusive of the interest.
EV Financing Platform Ohm Mobility Raises INR 3 Cr Pre-Seed Fund
These funds will be used to build and scale technology platform in the EV Financing sector. Ohm claims that it has enabled INR 5 Cr worth of financing till now.
Tata Motors Mimics Wadi Tribal Development Fund Programme In Jawhar
Through this initiative, the company claims to enhance the livelihoods of 2,000 farmers by increasing food security, generating sustainable income, and providing healthcare facilities.
Stellantis Ventures’ €300 Million Fund To Support Early, Later-stage Startups
It will act as a strategic investor and help startups integrate new technologies within the company in compressed timeframes – allowing the adoption within months versus years.
General Motors Announces Doubling of its Climate Equity Fund
Last year GM announced its plans to become carbon neutral in its global products and operations by 2040 and is working toward a transition to 100% zero tailpipe emissions for new light-duty vehicles by 2035.
TVS Supply Chain Solutions Raises INR 590 Cr From Fund Managed By Exor
The company will use the fund to grow its business, further strengthen its technology capability and other transformational initiatives.
RACEnergy Raises $1.3 Million funding in a Seed+ round led By Micelio Fund and GrowX Ventures
As a technology-first company focused on battery swapping, RACEnergy provides an integrated solution by taking the cost of the battery out of the vehicle and offering energy as a service through a network of swapping stations.
MapmyIndia Offers Solutions For Drones, Partners With DFI To Launch, Fund Innovation Challenge
The solutions for Drone companies include products, platforms, and APIs for advanced and interactive 2D, 3D, 4D and HD digital mapping, GIS, geospatial analytics and AI.