The Free Press Journal reports RAS will utilise this fresh infusion of capital to further deepen inroads into the luxury skincare market in India and overseas.
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BW Online Bureau for BW Disrupt report both companies have inked an agreement to jointly finance and lease 250,000 e2Ws over the next three years and collaborate with multiple e-commerce, logistics, and fleet operations companies.
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Amber Banerjee writes: Recently Delhi’s Minister of Transport Kailash Gahlot announced a subsidy of Rs 5,500 each for the first 10,000 buyers of e-cycles in the capital city. An additional subsidy of Rs 2,000 is also being offered to the first 1,000 buyers of such e-cycles.
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Arushi Rawat for Financial Express reports the charging point network will be spread across offices, malls, residential complexes and other establishments to curb range anxiety issues faced by EV users.
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Geeta Nair notes: Electric vehicle start-up EMotorad has dared to go where others would fear to tread, i.e. selling made-in-India electric bicycles in the extremely quality-conscious Japanese market.
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The Express web desk reports electric ride-hailing platform BluSmart Mobility on Wednesday launched its first EV intercity rides from Delhi NCR to Chandigarh and Delhi NCR to Jaipur. The company said that it will offer MG ZS EV to its customers for these intercity rides.
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Sumedh Battewar – CBO and Co-Founder, EMotorad writes: Transportation of goods from a distribution hub to the final delivery destination — the door of the customer forms a critical part of any retail supply chain business. In the race to reach consumers, getting the last-mile delivery right is important.
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Sricharan R reports that Battery Smart, a swapping network for electric two and three-wheelers, recently announced that it has completed a milestone of one million paid swaps.
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Lijee Philip for Economic Times reports as part of this arrangement, Quiklyz will provide customized leases for up to 500 EVs which will be deployed on BluSmart’s 100% EV fleet.
Sharmistha Mukherjee reports RevFin is projecting loan disbursals of Rs 450 crore in the next fiscal year starting April 1, compared with Rs 120-200 crore this FY. It expects disbursals of Rs 2,200 crore in FY24, Rs 5,500 crore in FY25, Rs 11,500 crore in FY26 and Rs 20,000 crore in FY27.
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Zee Media Bureau reports the partnership of NoBroker and ElectricPe is working to make charging stations more accessible in the residential neighbourhoods.
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EV financing digital platform Revfin has raised Rs 100 crore in debt, which it plans to use to expand into new geographies for financing three-wheelers and make foray into providing loans for two-wheelers in the e-commerce delivery space, according to a top company official.
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Livemint reports Tata Power Delhi Distribution Ltd announced partnership with Battery Smart to set up swap stations for two-and three-wheelers at locations across North Delhi in 2022.
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Express Mobility Desk reports: After raising USD 3 million, EMotorad, the e-cycle brand plans to expand its venture and now eyes the US market. The company is currently present in India, UAE, Japan, and Nepal.
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Autocar Pro News Desk reports: EMotorad, an e-bike startup has acquired Delhi-based EV charging company Panine for an undisclosed amount. With this acquisition, EMotorad enters the upcoming EV fast-charging network segment.
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Haider Ali Kahn writes: Emotorad, the e-cycles brand, is expanding and expects a 300% growth in the financial year 2022-23.
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Jayant Sinha reports for Observer Research Foundation that the Indian government’s commitment to pursuing low-carbon development is evident in its ambitious targets and path-breaking climate initiatives.
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Live Mint reports: Emotorad, the e-cycle brand, has expanded its manufacturing capacity to 90,000 e-cycles per year at their manufacturing unit in Jambe, on the outskirts of Pune. With a previous production capacity of 16,000 e-bikes per annum, the premium EV brand is now ready to roll out 90,000 units of e-cycles every year.
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Rajkamal Narayanan for Financial Express, in a conversation with Avinash Sharma, the Co-founder & CEO of ElectricPe, discusses how clean mobility is a click away by using the ElectricPe app.
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Jayant Sinha for Business Standard reports achieving net zero by 2070 requires India to transition to a fundamentally different development model during this decade. Scientific studies indicate that today’s development model results in greenhouse gas emissions continuing to increase every year.
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