EV Funding

SIDBI Launches Mission 50K-EV4ECO To Boost Electric Vehicle Ecosystem Development   The Small Industries Development Bank of India (SIDBI), the country’s principal financial institution for MSMEs, has unveiled Mission 50K-EV4ECO, which prioritizes the development of the EV ecosystem. This is the experimental phase to strengthen the EV ecosystem through direct and indirect lending for 2-w, …

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Capital A, a seed to an early-stage relevant start-ups venture fund, has launched “Evolve,” a $10 million (around 75 crores) cleantech fund to provide investment promote electric vehicle ecosystem in India. The fund, dubbed Evolve, would aid in the adoption of electric vehicles in the country, according to the business. According to a business statement, …

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Hero MotoCorp is also looking at collaborating with Ather Energy in a variety of areas, including charging infrastructure, technology, and sourcing, according to the company. Hero MotoCorp, India’s largest two-wheeler manufacturer, made a new investment of up to INR 420 crore in Bengaluru-based electric scooter startup Ather Energy on Friday.“The investment has been approved by …

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