The intelligence layer for India's EV economy
Funding rounds, BESS tenders, fleet economics, retrofit approvals and battery markets — tracked daily, explained simply.
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POWERGRID invites bids for 1 GWh BESS projects under ISTS
Summary of the latest grid-scale battery storage tender from POWERGRID, including timeline, eligibility and what it means for battery suppliers.
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View all →NTPC Green Energy Wins 200 MW/ 800 MWh BESS in WBSEDCL’s 500 MW/ 2000 MWh BESS Tender
West Bengal State Electricity Distribution Company Limited (WBSEDCL), after the annulment of the 250 MW/1,000 MWh Battery Energy Storage System (BESS) tender, has awarded a 200 MW/800 MWh BESS tender to NTPC Green. In a regulatory filing, NTPC Green Energy Lim
Daily News Wrap-Up: SECI Announces Winners of 1 GW FDRE-RTC Auction
The Solar Energy Corporation of India (SECI) announced the winners of the auction to supply 1 GW of Firm and Dispatchable Renewable Energy Round-the-Clock (FDRE-RTC) power from interstate transmission system-connected renewable energy projects (FDRE-RTC-Tranch
Ola Electric’s Comeback Quarter Comes With A Caveat
Under deep public scrutiny, Bhavish Aggarwal’s Ola Electric has spent the past year trying to fix a business that had…
Turning battery waste into strategic resources: The next opportunity for Indian industry
As EV adoption accelerates, end-of-life batteries are emerging as a strategic source of critical minerals. Building a robust battery recycling ecosystem will be key to India's resource security, manufacturing resilience, and clean energy future.
Swiggy, Zomato, Zepto May Face EV Mandate, 2% Welfare Levy In Maharashtra
New-age tech consumer tech companies like Swiggy, Zomato, Zepto, and Meesho could face higher costs in Maharashtra as the state…
Ather Jumps 17% To Lead Weekly Rally In New-Age Tech Stocks, MapmyIndia Biggest Loser
With the Q1 earnings season in full swing, investors actively traded new-age tech stocks based on the latest financial disclosures,…
AI is reimagining service companies; Ola Electric narrows loss in Q1
Northbound Advisors is building a proprietary AI tool with a partner, trained on eight years of work across diligences, CFO advisory, legal, tax and risk engagements.
Tamil Nadu Unveils ₹1 Lakh Rooftop Solar Incentive, Plans New BESS Policy and Grid Upgrades
Tamil Nadu has announced a series of clean energy measures in its 2026 State Budget, including an additional state subsidy of up to ₹1 lakh for residential rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana. Alongside the rooftop solar push, the g
SECI Awards 1 GW FDRE-RTC Project At 5.25- 5.26/unit To Seven Winners
The Solar Energy Corporation of India (SECI) has recently awarded its 1,000 MW Round-the-Clock Thermal Mimic (RTC-TM) power tender to seven bidders. It awarded this tender after four months from issuing it in March this year. The tender repre
Parliamentary Panel Urges NHPC to Prioritise 20 GW PSP Pipeline, BESS Development
NHPC's 31st Report of the Committee on Public Undertakings of the 18th Lok Sabha, based on its observations, has recommended giving strategic priority to the development of Pumped Storage Projects (PSPs) and Battery Energy Storage System (BESS) projects. The r
Pace Digitek Targets 10 GWh BESS Capacity by FY27-End, Eyes Battery Cell Manufacturing
Pace Digitek has outlined an ambitious growth roadmap centred on battery energy storage systems (BESS), manufacturing expansion and technology localisation after reporting a strong start to FY27. During its Q1 FY27 earnings call, the company said it is o
Ola Electric's Q1 FY27 revenue drops 45% to Rs 455 Cr, loss narrows 22%
Electric vehicle maker Ola Electric continued to struggle during Q1 FY27 as its revenue declined 45% year-on-year. However, the Bengaluru-based company managed to narrow its losses by 22% to Rs 336 crore Ola Electric’s revenue from operations declined to
Mumbai's BEST To Procure 220 MW Solar With 440 MWh Battery Storage
Mumbai's Brihanmumbai Electric Supply and Transport (BEST) Undertaking has received approval from the Maharashtra Electricity Regulatory Commission (MERC) to procure 220 MW of solar power coupled with a 110 MW/440 MWh Battery Energy Storage System (BESS). BEST
Mobility startup E3 Electric.AI launches intelligent e-scooter E3 TRION
Bengaluru-based electric mobility startup E3 Electric.AI has launched its intelligent electric scooter, E3 TRION, which it says is designed to create a new category in the mobility space. The AI-powered E3 TRION integrates human-centric design with predictive
Servotech Plans 10X BESS Capacity Expansion in Two Years, Bets Big on Manufacturing Growth
Servotech Renewable Power System Ltd. is doubling down on battery energy storage systems (BESS), with plans to expand its production capacity tenfold over the next two years as it ramps up manufacturing capabilities to meet surging demand. Speaking during the
IEEFA-Ember Calls for Battery Storage Push to Future-Proof Delhi's Grid
Delhi's power sector is well-positioned for a clean energy transition, but scaling rooftop solar, battery energy storage systems (BESS), demand-side flexibility and electricity market reforms will be critical to meeting the capital's rapidly rising electricity
EV retrofit approvals in India: how the state scheme works (2026)
A plain-English guide to EV retrofit approval in India — which states allow it, what certification is needed, and how the economics work.
Zepto expands electric delivery fleet to 12,000 EVs across 12 cities
Quick-commerce leader Zepto doubles down on EVs — new leasing model, charging partnerships and what it signals for the fleet market.
Battery swapping vs fixed charging for fleet operators: the real decision
Battery swapping business model explained — capital cost, utilisation, and which fleets should swap vs charge.
How to raise funding for an EV startup in India (2026 playbook)
The EV funding landscape in India — who's writing cheques, what stage they fund, and how to get in front of them.
Telangana EV retrofit policy: what the approval scheme means for excavator owners
Telangana's retrofit approval process for heavy equipment — electric excavator retrofit cost, timeline and who qualifies.
LFP battery prices in India: 2026 tracker and 12-month outlook
LFP cell and pack prices in India, what's driving them down, and how battery buyers should time purchases.
EV startup funding tracker: July 2026 — the rounds that moved the needle
Every significant EV funding round in India for July 2026, with the signal each one sends about where the market is heading.
KPI Green wins 445 MW/890 MWh BESS from GUVNL; SECI Odisha storage tender opens
Gujarat's VGF-backed storage round goes to KPI Group as SECI launches a 125 MW/500 MWh standalone BESS solicitation in Odisha.
POWERGRID wins 150 MW/300 MWh BESS in APTRANSCO's 2 GWh tender
PGCIL's first BESS win under TBCB — part of Andhra Pradesh's 1,000 MW/2,000 MWh storage procurement across seven substations.
Cabinet approves ₹1,500 crore incentive scheme for critical mineral recycling
Six-year scheme targets battery waste, e-waste and end-of-life vehicle scrap — with capex and opex subsidies for recyclers.
Battery Smart's extended Series B pushes valuation to $450 million
The battery-swapping network raises $21M more as swapping consolidates in the 2W/3W commercial segment.
Kazam raises $6.2M led by IFC to scale EV charging infrastructure
The EV charging software platform powers 68,000 chargers and 5M+ sessions — now backed by the World Bank's private arm.
Ather Energy's ₹2,981 crore IPO — a muted debut after a tepid subscription
Ather's IPO subscribed 1.43x, listed at a 2.2% premium then slipped — what it says about EV valuations and the IPO market.
Magenta Mobility raises ₹100 crore pre-Series B, eyes ₹400-500 crore Series B
The Amazon/Flipkart fleet partner scales 2,700 electric 3-wheelers with bp and Morgan Stanley backing.
Exponent Energy raises ₹200 crore for 15-minute rapid charging expansion
The Ather-alumni-founded charging startup scales beyond Bengaluru and Delhi with 360 ONE Asset and TDK Ventures leading.
Budget 2025: customs duty exemption on lithium-ion battery scrap
A small line in the budget with big implications for battery recycling economics in India.
Zypp Electric raises $6.5M more in an ongoing Series C — up to $50M planned
The EV-as-a-service player targets $50M in its Series C as gig-economy delivery electrifies.
BluSmart raising $50M at $335M pre-money as EV ride-hailing scales
The EV cab operator runs 8,500 EVs and a 5,800-station charging network — now raising its Series B.
SECI awards 2 GW solar-plus-storage; Reliance's NU Suntech wins 930 MW
Reverse-auction results show solar-plus-storage tariffs at ₹3.52/kWh — the economics of pairing PV with 4-hour storage.
PM E-DRIVE: the ₹10,900 crore scheme replacing FAME — what's in, what's out
India's new EV subsidy framework: ₹10,900 crore for e-2Ws, e-3Ws, buses, ambulances, trucks and charging — but no cars.
Ola Electric's ₹6,146 crore IPO — India's largest EV listing of 2024
Ola Electric's market debut, subscription details, use of proceeds and what it signalled for the Indian EV capital markets.
SECI launches 1,000 MW/2,000 MWh standalone BESS tender — India's largest
India's biggest standalone battery storage solicitation to date, under tariff-based competitive bidding with 12-year BESPA contracts.
SUN Mobility + Bounce Infinity: 30,000 e-scooters on battery-as-a-service
India's largest battery-swap EV deployment — 600+ swap stations powering 30,000 Bounce scooters under BaaS and MaaS.