Zypp Electric has entered into a partnership with Porter Enterprises to provide reliable logistics solutions. New Delhi: Zypp Electric, a leading tech-enabled EV-as-a-service platform, has registered 3X surge in revenue in FY24 and achieved 396% compound annual growth rate (CAGR) from 2019 to 2022. With a keen focus on sustainable growth, the company said, it… Continue reading Zypp Electric registers 3X revenue growth in FY24; deploys 20,000 e-scooters in 2023
Author: Economic Times of India Online News
Terra Charge and BYPL join hands to set up EV charging hubs in Delhi
Terra Charge has installed over 300 chargers in India and has collaborated with multiple all-electric passenger cab services to accelerate India’s EV30@30 campaign. New Delhi: Terra Charge, a Charging Point Operator (CPO), and BSES Yamuna Power Limited (BYPL), a joint venture between Reliance Infrastructure Ltd and the Govt of NCT of Delhi, have announced a… Continue reading Terra Charge and BYPL join hands to set up EV charging hubs in Delhi
Finayo appoints Nitin Kant as Director- Sales and Operations
Nitin Kant New Delhi: Finayo, a leading green mobility embedded lending platform, has recently appointed Nitin Kant as Director- Sales and Operations. In his new role, Kant will be responsible for steering the company towards an exceptional growth trajectory by creating a top-notch strategy that focuses on managing the platform’s entire portfolio effectively, the company… Continue reading Finayo appoints Nitin Kant as Director- Sales and Operations
JSW Energy to raise INR 5,000 crore via QIP
On Tuesday shares of JSW Energy ended 4.39% higher at INR 542 on the BSE. Benchmark Sensex ended 0.15% lower. Sajjan Jindal-owned JSW Energy on Tuesday said it plans to raise INR 5,000 crore by selling shares to high net worth investors through a qualified institutional placement process or QIP. The QIP will take place… Continue reading JSW Energy to raise INR 5,000 crore via QIP
Rivian deliveries beat expectations; Tesla dampens industry hopes
Company unveiled its smaller, less expensive e-R2 SUVs and R3 crossovers last month and said it would produce the R2 at its existing U.S. factory, saving the company more than USD 2 bn. Rivian Automotive beat estimates for quarterly deliveries, fueled by strong demand for its electric pickup trucks and SUVs, although its shares fell… Continue reading Rivian deliveries beat expectations; Tesla dampens industry hopes
Your new EV could do with a shot of caffeine. And AI
Most of the research performed by both humans and AI on emissions-free transport will come to naught; that’s just the nature of scientific discovery. Scientists and investors have poured billions of dollars into researching alternative technologies in a bid to eliminate combustion engines and reduce greenhouse gases. Storing this energy remains the single biggest cost… Continue reading Your new EV could do with a shot of caffeine. And AI
Gensol Engineering revenue rises 141% to INR 960 crore in FY24
This achievement solidifies our status as a frontrunner in the renewable energy industry, emphasising our unwavering commitment to growth, he said. Gensol Engineering on Wednesday said it has recorded the highest-ever revenue of INR 960 crores in FY24 with a growth of 141% Year on Year (YoY). The corresponding (revenue) figure for the previous year… Continue reading Gensol Engineering revenue rises 141% to INR 960 crore in FY24
Swan song for General Electric as it completes demerger
The official finalization of the separation comes Tuesday, with General Electric disappearing in favor of GE Vernova, dealing with energy activities, and GE Aerospace, the new name of the late GE. New York: The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history… Continue reading Swan song for General Electric as it completes demerger
JSW Energy board okays raising INR 5,000 cr via QIPs
According to the filing, the JSW Energy board in its meeting on Tuesday approved a Qualified Institutions Placement of equity shares with face value of INR 10 each to the eligible investors New Delhi: Sajjan Jindal led JSW Energy board on Tuesday approved raising of INR 5,000 crore through the issuance of equity on qualified… Continue reading JSW Energy board okays raising INR 5,000 cr via QIPs
US climate law has boosted solar, batteries; hydrogen, other initiatives lag
Ultimately, analysts expect U.S. government direct spending and tax credits under the law will far exceed the initial USD 400 billion estimate. The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy… Continue reading US climate law has boosted solar, batteries; hydrogen, other initiatives lag