Altigreen Partners With Sundaram Finance To Offer Customized Retail Financing For EVs
Altigreen and Sundaram Finance have partnered to offer customized retail financing to their customers in an effort to speed up the EV purchasing process. Sundaram Finance’s range of financial services will be available to Altigreen customers in the entire country as a result. They will offer attractive financing schemes as well as customized loans for EV customers to boost retail sales. Customers can expect a wide range of new financial solutions that will simplify the purchase of their favourite Altigreen electric vehicles. Customers of Altigreen can receive funding at competitive interest rates compared to non-banking companies. Sundaram Finance offers customers a complete solution for their EV finance needs through this partnership.
REC Ltd Flags Off First Fleet Of Electric Vehicles At World Headquarters
Vivek Kumar Dewangan, Chairman & Managing director (CMD) of REC Limited, flagged off the first fleet of Electric Vehicles at REC’s World Headquarters in Gurgaon. REC Ltd, in its quest for a greener future, has set a goal of replacing all conventional staff cars with electric vehicles between 2024 and 2025. REC CMD has also inaugurated a rapid-charging station powered by 1 MW of rooftop solar power (approx.). The solar plant will be used to power the EV fleet, which is zero-pollution. Dewangan also inaugurated the REC Control Room, as it is a one-stop service provider to all REC employees. The Control Room will act as a point of coordination between different departments, minimizing the effort and maximizing the outputs for employees.
ETO Mobility Services Launches Electric Three-wheeler Fleet at Kachiguda Station, Hyderabad
With a steadfast commitment to transforming urban transportation, ETO Motors is continuing its efforts to revolutionize India’s Electric Mobility as a Service (EMaaS) sector with its latest launch of 15 E- autos at Kacheguda station Hyderabad in partnership with South Central Railway. ETO Motors is also in the process to expand its EV fleet at other stations in collaboration with South Central Railway. ETO Motors with its unique 360-degree Electric Mobility business model, has a target of launching 500 E-autos in Hyderabad. 120 E-autos are already running in the city and ETO Motors plans to add 380 more E-autos to improvise the first and last mile experience for local passengers in Hyderabad.
TI Clean Mobility Raises Rs. 675 Crores
TI Clean Mobility Private Limited (TICMPL), a Subsidiary of Tube Investments of India Limited (TII), has signed definitive agreements on 5th May 2023 to raise further capital of Rs. 675 Cr. by way of CCPS. Multiples along with other co-investors would be investing an aggregate amount of Rs. 600 Cr, while TII would be investing Rs. 75 Cr. In February 2023, TICMPL announced the capital infusion plan of Rs. 1950 Cr. and signed definitive agreements with Multiples, State Bank of India and TII to raise capital up to Rs. 1275 Cr. of which Rs. 817 Cr has already been infused in the form of equity and CCPS.
Tata Elxsi And IIT Guwahati Collaborate To Develop Solutions For The Electric Mobility Market
Tata Elxsi Ltd. a leading global technology services provider for the Automotive and Transportation industry, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Guwahati (IIT-G) to jointly work on developing and commercializing state-of-the-art solutions for the Electric mobility market. The MoU was signed between Prof. Parameswar K. Iyer, Officiating Director, IIT Guwahati, and Mr Manoj Raghavan, Chief Executive Officer, and Managing Director of Tata Elxsi, in the presence of Prof. Praveen Kumar, Dept. of Electronics and Electrical Engineering, IIT Guwahati, and Mr Anil Radhakrishnan, Director Products, and Mr Atul Kulkarni, Chief Technical Officer, Tata Elxsi.
Zyngo EV Mobility Raises $5 Million In Pre-Series A Funding
Zyngo EV Mobility, a Gurugram-based third-party logistics provider that uses technology, raised $5 million in Pre-Series A financing led by Delta Corp Holdings with participation from existing investors LC Nueva Investment Partners LLP. The company said it would use the funds to expand into new regions, enhance technology and increase fleet size. Zyngo was founded in January 2020 by Prateek Rai. It offers solutions for last-mile deliveries through an electric vehicle fleet. The company serves B2C and B2B customers and focuses on intra-city logistics to meet their daily transportation and logistics needs. Zyngo operates on a unique asset-light model, where they act as a middleman between supply and demand while managing the EV fleets from beginning to end.
RunR Mobility Partners With ReadyAssist To Enhance After-Sales Services For EV Customers
RunR Mobility, one of India’s leading electric vehicle (EV) manufacturers, has announced its partnership with vehicle assistance major player ReadyAssist after signing an after-sales service agreement to enhance offerings for customers. The Vadodara-based EV giant, supported by MecPower Solutions will now be seen leveraging ReadyAssist’s unique deep-tech platform and innovative solutions to cater to its customers’ real-time breakdown problems using deep machine learning, data intelligence, and operations efficiency. The EV industry is still quite tiny; there are few skilled EV repair professionals. Working on an EV beyond the tires, brakes, and components can be risky for an untrained expert, hence most EV owners rely on their EV dealer for repair.
e-Sprinto Partners With Major Finance Companies To Fuel Electric 2-Wheeler Revolution In India
e-Sprinto, India’s fastest-growing electric two-wheeler brand has announced its latest partnership with prominent finance companies, including SHRIRAM, HDB, KOTAK, and BAJAJ FINSERV, to fuel the electric 2-wheeler revolution in India. This strategic move aims to enhance access to affordable financing options for the growing number of e-Sprinto’s customers seeking to embrace eco-friendly and efficient transportation solutions. Looking ahead, e-Sprinto is proactively exploring new partnerships to further expand its reach and provide even more options for interested customers to finance their purchase of high-quality electric 2-wheelers.
