New investor Vision Ridge Partners joined the latest funding round. San Francisco startup TeraWatt Infrastructure has raised more than $1 billion from investors to expand a network of charging centers focused on electric vehicle fleet customers, the company said Tuesday. Four-year-old TeraWatt Infrastructure was co-founded by investment adviser Keyframe Capital and funded initially by Keyframe… Continue reading EV charging startup TeraWatt Infrastructure raises $1 billion
Author: Economic Times of India Online News
In 3 years, BSES installs over 1,000 electric vehicle charging points in Delhi
A BSES official said that the discoms are also playing a major role in the promotion of the EV sector. NEW DELHI: More than three years after setting up Delhi’s first “smart” public electric vehicle (EV) charging system in south Delhi, BSES discoms have achieved a new milestone of facilitating the installation of more than… Continue reading In 3 years, BSES installs over 1,000 electric vehicle charging points in Delhi
Car guy Biden to tout electric vehicles at Detroit auto show
Passage of the measure set off a scramble by automakers to speed up efforts to find North American-made batteries and battery minerals from the U.S., Canada or Mexico to make sure EVs are eligible for the credit. WASHINGTON: President Joe Biden, a gearhead with his own vintage Corvette, will showcase his administration’s efforts to promote… Continue reading Car guy Biden to tout electric vehicles at Detroit auto show
PM to release national logistics policy on Sep 17
The move assumes significance as high logistics cost impact competitiveness of domestic goods in the international market. New Delhi: Prime Minister Narendra Modi will release the national logistics policy on September 17, which is aimed at promoting seamless movement of goods across the country, Commerce and Industry Minister Piyush Goyal said on Tuesday. The policy… Continue reading PM to release national logistics policy on Sep 17
Many countries interested in bilateral rupee trade: FM
Finance Minister Nirmala Sitharaman on Tuesday said many countries have evinced interest for bilateral trade in the rupee after the RBI announced a mechanism recently. Speaking at Mindmine Summit 2022, she said this along with other steps taken by the government is towards full capital account convertibility. “It isn’t the rouble-rupee which was in the… Continue reading Many countries interested in bilateral rupee trade: FM
Green Hydrogen Fuel: An opportunity for India to achieve Net Zero
The starting point for future pathways is the source of energy i.e. Renewable Energy which is currently both expensive and limited. India emitted ~2.88 Billion Metric Tonnes of CO2 in 2021 and has committed to cut total projected carbon emissions by 1 billion tonnes by 2030 and reducing carbon intensity of nation’s economy to less… Continue reading Green Hydrogen Fuel: An opportunity for India to achieve Net Zero
Work at Stellantis plant to resume after deal with UAW
In May, Stellantis announced a $2.5 billion joint venture with Samsung to build an electric vehicle battery factory in Kokomo that is to employ 1,400 workers. United Auto Workers union members who went on strike Saturday at a Stellantis casting plant in Indiana are returning to work after ratifying a deal with the company. Stellantis… Continue reading Work at Stellantis plant to resume after deal with UAW
Cyrus Mistry accident probe: Team of experts from Hong Kong arrives in Mumbai for Mercedes car inspection
Mumbai, A team of Mercedes-Benz officials from Hong Kong arrived in Mumbai on Monday to inspect the car which crashed last week killing former Tata Sons chairman Cyrus Mistry and his friend and injuring two other occupants, a police officer said. “A team of three experts has landed in Mumbai from Hong Kong. They will… Continue reading Cyrus Mistry accident probe: Team of experts from Hong Kong arrives in Mumbai for Mercedes car inspection
View: India’s consumer market, a $1 trillion investment opportunity
In FY22, for example, premium car sales increased 38 per cent year on year, while lower-priced car sales increased only 7 per cent. The fundamentals of the Indian economy remain strong, as RBI Governor Shaktikanta Das recently stated. India’s growth rate is among the fastest in the world, retail inflation has moderated, buffer food stocks… Continue reading View: India’s consumer market, a $1 trillion investment opportunity
NBFCs’ asset growth set to touch four-year high in FY23: Crisil Ratings
Competition from banks and the rising interest rate scenario will take the edge off NBFCs in the new vehicle finance segment and allow banks to gain market share in this space. Mumbai: Non-bank lenders’ asset growth will jump to a four-year high of 11-12 per cent this fiscal, a ratings agency said on Monday. The… Continue reading NBFCs’ asset growth set to touch four-year high in FY23: Crisil Ratings