Author: Autocar_Professional India Online News

Volta Trucks concludes Series C funding

Volta Trucks, a full-electric commercial vehicle manufacturer and services provider, has announced the successful and oversubscribed conclusion of its Series C funding round with a €230 million capital raise. The funding round was led by New York-based Luxor Capital, while initial seed investor, Byggmästare Anders J Ahlström of Stockholm, added to its holding in the… Continue reading Volta Trucks concludes Series C funding

Renault Group aims to be 100 percent EV brand in Europe by 2030

The Renault Group’s 2021 financial results have been ahead of target and the group is upbeat about the 2022 outlook. In an environment still impacted by the semiconductor crisis, particularly in the first half of 2022 and by the increase of raw materials prices, the Group is aiming to achieve operating margin of 4 percent… Continue reading Renault Group aims to be 100 percent EV brand in Europe by 2030

Ex-Mahindra design head Ramkripa Ananthan creates micro EV concept vehicle

Ramkripa Ananthan, ex-Mahindra Design Head and Director, KRUX Studio: “Today’s customers seek sustainable options and manufacturers want to be environmentally and socially responsible. Our concept addresses that.” As the former Head of Design at Mahindra & Mahindra, Ramkripa Ananthan is known to have led the team that designed the Mahindra XUV500, XUV300 and the Marazzo.… Continue reading Ex-Mahindra design head Ramkripa Ananthan creates micro EV concept vehicle

Eurocell to invest 600 million pounds to build Gigafactory in Europe

A rendering of the European factory Eurocell, an Anglo-Korean battery company has announced that it will build its first European Gigafactory, where it will produce its proven ‘production ready’ technologies in just 12 months, far faster than other Gigafactories. It aims to initially invest 600 million pounds  over two phases, which will enable it to… Continue reading Eurocell to invest 600 million pounds to build Gigafactory in Europe

BorgWarner’s heater tech used in BMW iX and i4

American tier 1 supplier BorgWarner has provided its High-Voltage Coolant Heater (HVCH) for BMW Group’s iX and i4 fully electric architecture. The company says the solution controls the battery’s thermal management and cabin heating and contributes to significantly enhancing the driving range and durability of the battery. Joe Fadool, president and general manager, BorgWarner Emissions,… Continue reading BorgWarner’s heater tech used in BMW iX and i4

Ola Electric has its work cut out now

For Anant Patil, a Belgavi-based businessman, the experience with Ola Electric has been a mixed bag. As he puts it, while the delivery process was “acceptable”, the wait for his S1 Pro scooter was a never ending ordeal. After weeks of follow ups and reassurances coming in from the company on the scooter having been despatched from the… Continue reading Ola Electric has its work cut out now

Varroc Engineering receives strategic partnership interest

Varroc Engineering , a leading tier-1 automotive component supplier based in Aurangabad has received interest from certain parties for a strategic partnership in its global lighting systems business, the company’s top leadership  said. Tarang Jain, CMD, Varroc Engineering in a statement said, “The management is in the process of evaluating their interest with respect to scope,… Continue reading Varroc Engineering receives strategic partnership interest

Ford may return to India as EV maker under PLI scheme

An approval under the government’s PLI incentive scheme could see Ford locally manufacturing EVs at one of its plants in India. Barely six months on from Ford India shutting down local manufacturing, we now have news that the American giant could potentially restart making cars here, having been granted approval under the government’s PLI scheme.  Kapil… Continue reading Ford may return to India as EV maker under PLI scheme

Spinny acquires AI-powered start-up, Scuoto

Pre-owned car retailing platform, Spinny has acquired 100 percent stake in AI-powered Connected Car start-up, Scouto. The deal marks one of the first consolidations in the AI-powered used car solutions segment. Founded by ex-racecar driver Akshay Gupta (CEO) & Shubham Sharma (CTO), Scouto has built an end-to-end Connected Car technology suite that provides detailed intelligence… Continue reading Spinny acquires AI-powered start-up, Scuoto