Funding
EV funding news, investor moves, grants & subsidies
Ola Electric unveils Shakti energy storage portfolio for homes, businesses and grids
Ola Electric celebrated India's Independence Day with the introduction of its Shakti energy storage series. This groundbreaking lineup incorporates locally sourced LFP battery technology for various uses. Home users can expect the Shakti Gen2 to arrive by Nove
Choices aplenty for car buyers; petrol moves to slow lane as CNG, hybrids, EVs chip away at its share
In major Indian cities, the popularity of petrol cars is waning as consumers turn to CNG, hybrid, and electric vehicles. This is largely influenced by the allure of lower operational costs and superior fuel efficiency. To keep pace with this transformation, au
Ola Electric Unveils Three New Energy Storage Products
With an eye on bolstering its energy solutions business, electric vehicle (EV) maker Ola Electric yesterday announced the launch of…
India state food safety chief targets Eternal, Swiggy, Zepto in sweeping crackdown, suspends permits of 12 warehouses
Maharashtra's food safety chief has taken action by suspending 12 warehouses' permits for grocery giants including Eternal, Swiggy and Zepto after recent inspections exposed disturbing health violations such as cockroach infestations and spoiled produce. Moreo
Nikhil Kamath asks whether India should build EVs or batteries. The answer from Chinese experts may surprise you
Nikhil Kamath’s conversation with Chinese battery experts explores whether India should build electric vehicles or focus on batteries. The discussion examines safety concerns around LFP batteries, the potential of sodium-ion and nickel-based technologies, the
Maharashtra FDA Suspends Licences of 14 Dark Stores Of Blinkit, Zepto & Instamart
The Maharashtra Food and Drug Administration (FDA) has reportedly suspended the licences of 14 “food business establishments” linked to quick…
Hinduja Group to Invest ₹2,500 Crore in Tamil Nadu on Renewables, New Mobility
The Hinduja Group plans to invest ₹2,500 crore in Tamil Nadu across renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure and digital mobility solutions, the group said on Thursday. As part of the commitme
Form Energy Raises $750 Million to Scale Iron-Air Battery Production
Listen to this article Form Energy, an iron-air-based battery systems provider, has raised $750 million in a Series G financing round, bringing Form Energy’s total equity
Fall in Battery Hardware Resales Pulls Stem’s Q2 Revenue Down 12% YoY
Energy storage company Stem’s revenue fell 12.3% year-over-year (YoY) to $33.65 million in the second quarter (Q2) of 2026 compared with $38.37 million, missing analysts’ estimates by $2.99 million.The company attributed the revenue decline to lower battery ha
Can Zepto’s Revenue Engine Outrun Quick Commerce Costs?
In 2021, when much of India was still getting used to ordering groceries online, two teenage Stanford dropouts, Aadit Palicha…
MiniMines Gets Indian Patent for Lithium-Ion Battery Recycling Technology
MiniMines Cleantech Solutions Pvt. Ltd. has secured a patent from the Indian Patent Office for its proprietary Hybrid Hydrometallurgy (HHMR) technology, marking a significant development in its efforts to strengthen India's critical mineral recovery and batter
India is swapping solo bites for group dining and healthier picks
Out-of-home food and beverage consumption is increasingly shifting towards group occasions. Solo consumption has declined while larger group consumption has significantly risen in recent years. Consumers are also prioritizing healthier snacks and drinks in the
Gujarat Tenders 1 GW/4 GWh Standalone Battery Storage Projects
Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up 1,000 MW/4,000 MWh of standalone battery energy storage systems (BESS) in the state (Phase-X).
Yulu Raises $93 Million in Series C Funding, Eyes 200,000 EV Fleet
Electric mobility-as-a-service company Yulu has raised $93 million in a Series C funding round led by GEF Capital Partners. The funding comprises $63 million in equity and $30 million in debt.
Yulu Bags $93 Mn To Scale EV Fleet, Enter Full-Size Electric Scooter Segment
Electric mobility service provider Yulu has raised $93 Mn (about ₹887.5 Cr) in its Series C funding round led by…
Why India’s Electric Bus Push May Depend More on Finance Than Batteries
For years, the headline number in India's electric vehicle story has been the electric two-wheeler ( e2w ) and electric three-wheeler ( e3w ) count, all thanks to scooters and autos flooding city streets under subsidy schemes. But a fresh data dump from
Petronas arm Gentari puts India EV charging business up for sale
Petronas subsidiary Gentari has begun exploring a sale of its Indian green mobility unit, Gentari Green Mobility India, which operates about 3,000 EV charging points across 11 states. The process comes after an earlier attempt to divest a significant minority
Ola Electric secures 5-year PLI window, to get upto Rs 7,240cr in incentives
A filing disclosed that the disbursements will be made quarterly, starting from next quarter.
Ola Electric gets revised ACC PLI timeline, eyes Rs 7,240 crore incentive payout through 2031
Ola Electric's subsidiary received revised timelines for the ACC PLI scheme. This approval secures a full five-year incentive window through calendar year 2031. The company expects to unlock cumulative incentives of up to Rs 7,240 crore. Ola Electric is expand
Ola Electric gets five-year PLI window, eyes Rs 7,240 Cr incentive
Ola Electric has secured a revised timeline under the government’s Production Linked Incentive (PLI) scheme for advanced chemistry cells (ACC), giving its battery business a fresh five-year window to qualify for incentives of up to Rs 7,240 crore. The Mi
Ola Electric Eyes Up To ₹7,240 Cr Battery Cell PLI Incentives After Timeline Revision
The Ministry of Heavy Industries (MHI) has revised the timelines under the advanced chemistry cell (ACC) PLI scheme for Ola…
Octillion Opens Third EV Battery Plant in India With 3 GWh Annual Capacity
Octillion Power Systems has opened its third manufacturing facility in India, adding production capacity in Halol, Gujarat, as demand for electric vehicle ( EV ) battery systems grows across passenger, commercial and public transport segments. The facility cov
Maharashtra Invites EOIs for 170 MW Floating Solar Project with Battery Storage
The Godavari Marathwada Irrigation Development Corporation (GMIDC) has invited expressions of interest (EOI) to develop a 170 MW AC floating solar project with a battery energy storage system (BESS) in Maharashtra.
India’s EV charger network crosses 67,600 as FAME-II supports 16.7 lakh vehicles
India has installed over 67,000 electric vehicle chargers nationwide. The FAME India Phase-II scheme supported 16.72 lakh electric vehicle sales. Over 5,000 electric buses have been deployed under the FAME-II scheme. Other government initiatives have also boos
GUVNL Announces Winners of 450 MW/900 MWh Battery Storage Auction
Gujarat Urja Vikas Nigam (GUVNL) has announced the winners of the auction to set up 450 MW/900 MWh of battery energy storage systems in the state, with viability gap funding from the power system development fund (Phase-IX).
EV mobility service startup Yulu raises $93M led by GEF Capital
Yulu will use this funding round to increase its fleet capacity to 2 lakh electric vehicles and expand service hubs.
ChargeZone, Landmark Cars announce strategic partnership
Customers purchasing electric vehicles from any Landmark dealership across India will receive charging benefits on ChargeZone's nationwide fast-charging network, bringing charging benefits into the EV ownership journey from the point of purchase, a company sta
Amara Raja Starts 10 GWh Battery Plant Construction, Q1 Revenue Up 24%
Energy storage solutions provider Amara Raja Energy and Mobility reported revenue from operations of ₹42.15 billion (~$442.58 million) in the first quarter (Q1) of the financial year 2027, up 23.9% year-over-year (YoY) from ₹34.01 billion (~$357.12 million).Th
Zepto Faces Fresh Regulatory Heat As Bengaluru Warehouse Sealed Over Food Safety Violations
Adding to the ongoing regulatory scrutiny, the Food Safety Division of Karnataka’s Food Safety and Drug Administration Department has sealed…
Indofast, GLIDA to set up 100+ battery-swapping stations across India
Indofast Energy and GLIDA will co-locate battery swapping stations at charging sites. They aim to establish fifty sites with over one hundred swapping stations. This collaboration creates integrated EV energy destinations for users. Delivery riders and fleet o
How Nexular is helping EV makers track and manage connected vehicles
Bengaluru startup Nexular builds hardware, software, and AI tools that help EV makers track, manage, and monetise vehicles after sale.
European Energy Secures $78 Million for UK Solar and Battery Project
Listen to this article European Energy, a renewable energy project developer, has secured £58.1 million (~$78.5 million) in construction financing for its Indian Queens hybrid
Blinkit’s Mumbai Facility Licence Suspended After FDA Finds Cockroach Infestation
The Maharashtra Food and Drug Administration (FDA) has suspended the food licence of a Blinkit facility in Mumbai’s Malad West…
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…
How Dynolt is building India’s EV charging electronics around software instead of hardware
The Bengaluru-based company makes power converters for two-wheeler and three-wheeler chargers and battery swapping stations, and claims to have deployed more than 14,000 across India.
Ethanol, EVs must coexist in India's clean mobility transition; E20 mileage impact limited: IFGE
IFGE said India needs a diversified energy strategy comprising ethanol, electric vehicles, hybrids, CNG and hydrogen, particularly as nearly 300 million internal combustion engine (ICE) vehicles remain on the country's roads.
Ather's demand outpaces capacity as monthly pre-orders cross 50,000
Ather Energy's latest earnings call showed a sharp mismatch between demand and supply, with the electric scooter maker's monthly pre-orders crossing 50,000 while its existing capacity remains well below that level. The company is now accelerating capacity expa
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.
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
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
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.
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.
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.
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.
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.