India’s Ministry of Heavy Industries (MHI) has launched a scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative. This marks the first time the Government of India is...
Category - Sustainable Mobility
Electric Cab Startup Evera Cabs Raise $4 million in funding
All-electric app-based taxi service provider Evera Cabs has raised $4 million in funding from Mufin Green Finance. The investment was made through a hybrid structure of convertible debentures and debt. Founded in 2019...
EV maker EKA Mobility Raised Rs 200 crore in Funding
Pune-based EV manufacturer EKA Mobility has raised Rs 200 crore (~ $23 million) in a fresh funding round from private equity firm ENAM Holdings. Founded in 2022 by Dr. Sudhir Mehta, EKA Mobility currently makes and...
India’s First Hydrogen Mobility Project at Leh
Boosting its decarbonization efforts, NTPC Limited, India’s largest integrated power utility, handed over five hydrogen fuel buses to SIDCO (Sindhu Infrastructure Development Corporation, a wholly owned corporation of...
Electric Motorcycle Startup Oben Electric Raises Rs 100 Cr in Series A
Bengaluru-based electric motorcycle startup Oben Electric has successfully closed an extended Series A round, securing an additional Rs 50 crore and taking the total Series A funding to Rs 100 crore (~$11.5 million)...
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