Why not? EVs lack tailpipe emissions, sure, but producing, operating, and disposing of these vehicles creates greenhouse-gas emissions and other environmental burdens. Driving an EV pushes these problems upstream, to the factory where the vehicle is made and beyond, as well as to the power plant where the electricity is generated. The entire life cycle… Continue reading The EV Transition Explained
Category: Automotive
DFC invests $9m in EV startup Yulu and India deals worth $104mYulu last raised $82m in a Series B round led by Magna International in September.
Shared electric mobility-as-a-service (MaaS) startup Yulu has secured a loan worth $9 million (Rs 73 crore) from the US International Development Finance Corporation (DFC), it announced on Monday. The funds will help Yulu move closer to its vision of enabling green last-mile mobility for people movement and goods deliveries, it said in a statement. Go… Continue reading DFC invests $9m in EV startup Yulu and India deals worth $104mYulu last raised $82m in a Series B round led by Magna International in September.
Hyundai Motor Group Signs MoU with Nusantara Capital City Authority to Establish Ecosystem for Advanced Air Mobility
– A First Step to Open Up AAM in ASEAN Market – President Jaiwon Shin of Hyundai Motor Group and the Head of Nusantra Capital City Authority Bambang Susantono attended the MoU signing ceremony The Group and local authorities signed to proactively introduce advanced air mobility (AAM) in the new capital city, starting with a… Continue reading Hyundai Motor Group Signs MoU with Nusantara Capital City Authority to Establish Ecosystem for Advanced Air Mobility
Indonesia to set up $2 billion EV fund with China’s CATL, CMB International
The fund will invest in the EV value chain to capture a market that is expected to grow fast globally. The Indonesia Investment Authority, the country’s sovereign wealth fund, is to set up a green electric vehicle (EV) fund of at least $2 billion with China’s battery maker CATL and CMB International, the fund’s CEO… Continue reading Indonesia to set up $2 billion EV fund with China’s CATL, CMB International
Indian shares tread water ahead of inflation data, earnings barrage
A Reuters poll showed economists expect retail price inflation slowed to 6.73% in October, due to weaker food price rises and a strong base year, but remained stubbornly above the Reserve Bank of India’s 6% upper limit. Indian shares were muted on Monday as investors awaited inflation data, due later in the day, for clues… Continue reading Indian shares tread water ahead of inflation data, earnings barrage
Cummins and Tata Motors ink MoU to develop hydrogen-powered CVs
Global power solutions and hydrogen technologies provider Cummins Inc has signed an MoU with Tata Motors, commercial vehicle market leader in India, to collaborate on the design and development of low and zero-emission propulsion technology solutions for commercial vehicles in India. These include hydrogen-powered internal combustion engines, fuel cells, and battery electric vehicle systems. The MoU… Continue reading Cummins and Tata Motors ink MoU to develop hydrogen-powered CVs
Yulu gets $9 million green loan nod from US government arm
Bajaj Auto-backed e-bike rental start-up Yulu Bikes said that the US government’s International Development Finance Corporation (DFC) has approved a green loan of $9 million (around Rs 73 crore). The institution’s nod comes as part of its fundraising push to accelerate the Bengaluru-based company’s last-mile mobility growth plans. “The process of the approval to disbursement… Continue reading Yulu gets $9 million green loan nod from US government arm
Yulu gets $9 million green loan nod from US government arm
Bajaj Auto-backed e-bike rental start-up Yulu Bikes said that the US government’s International Development Finance Corporation (DFC) has approved a green loan of $9 million (around Rs 73 crore). The institution’s nod comes as part of its fundraising push to accelerate the Bengaluru-based company’s last-mile mobility growth plans. “The process of the approval to disbursement… Continue reading Yulu gets $9 million green loan nod from US government arm
Samvardhana Motherson’s EV order book swells by Rs 20,000 crore in just six months
Samvardhana Motherson’s EV order book swells by Rs 20,000 crore in just six months As the zero emission mobility business scales a new peak globally, the electric vehicle (EV) order book for India’s largest automotive component major Samvardhana Motherson International (SAMIL) (formerly Motherson Sumi Systems) has shot up by Rs 20,000 crore in just first… Continue reading Samvardhana Motherson’s EV order book swells by Rs 20,000 crore in just six months
BOLLINGER MOTORS ANNOUNCES OUR NEXT ENERGY AS BATTERY – GlobeNewswire
DETROIT, Nov. 10, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Bollinger Motors, which recently became a majority owned company of Mullen Automotive, Inc. (NASDAQ: MULN), has announced Our Next Energy will be supplying modular, linkable Aries battery packs to power its all-electric commercial platforms and chassis cabs. “ONE battery packs are ideal for our… Continue reading BOLLINGER MOTORS ANNOUNCES OUR NEXT ENERGY AS BATTERY – GlobeNewswire