Indian Startup Mints $28 Mn In Seed Funding To Manufacture Electric Vehicles

Photo: Inc42

Indian Startup Mints $28 Mn In Seed Funding To Manufacture Electric Vehicles

Electric Vehicle Indian Startup EVage has raised a whopping sum of $28 Million in seed funding from RedBlue Capital. It aims to supply Electric Vehicles to Indian logistics companies. The company will produce automobiles in leveraging proprietary hardware and 'Modular micro-manufacturing' factories. It will use the funding to complete its 'production-ready' factory outside Delhi and boost up production. Reportedly, EV sales accounted for 1.3% during 2020-21 in the country.

Sat, 15 Jan 2022 - 09:00 AM / by Shaloo Priya

Bill Gates Rides Mahindra's E Rickshaw, Video Goes Viral

Bill Gates, who is in India shared a blog post and updates his fans and followers about his recent e-rickshaw ride. On March 6, Bill Gates posted a video of him driving a Mahindra e-rickshaw, Treo with Kishore Kumar and Manna Dey's classic '… read-more

TAGS: Bill Gates, Tech Mahindra, Viral video, Anand Mahindra, Mahindra E Rickshaw

EVs Production In India Will Make It Dependent On China

The production of electric vehicles (EVs) in India will increase its reliance on China for raw materials, mineral processing, and battery production. The Global Trade Research Initiative (GTRI) stated that a life cycle impact analysis is required… read-more

TAGS: EVs, China, Market, Indian Automobiles, Production

Agra Metro Projects Receives 1st Yellow Train Today

An official of the Uttar Pradesh Metro Rail Corporation (UPMRC) confirmed the arrival of first metro train in Agra Metro Station. Notably, the yellow train will be the first train for the upcoming Metro Project in Agra, constructed by Yogi… read-more

TAGS: Agra Metro Station, metro train, Yogi Government, Automobiles, Indian Transport

Indian Origin Woman Dies In Plane Crash, Daughter & Pilot Critical

An Indian-origin woman Roma Gupta (63) has died while her daughter Reeva Gupta (33) and the 23-year-old pilot instructor were injured in a small plane crash in the New York area. The incident occurred on March… read-more

TAGS: pilot, plane crash, Indian Origin Woman, Death, Demonstration Plane

Honda City 2023 Launched In India, Price At 11.49 Lakhs

Honda Cars India launched the much-awaited Honda City 2023 in India at a starting price of Rs 11.49 lakh. Starting from March 2, the new range-topping variant of the brand will go up to Rs 20.39 lakh. The 2023 City brand is being offered in City… read-more

TAGS: Honda 2023, Automobiles, Honda Cars India, Prices

Hyundai To Release Cars In 2023-2024

Hyundai is all set to release a few models in 2023-2024, the company's Ai3 micro SUV will be based on the same platform that underpins the newly launched Grand i10 Nios and the Aura. The Micro SUV is expected to measure around 3.7-3.8 meters in… read-more

TAGS: Hyundai, Motors, Cars, Automobiles, INDIAN MARKET