hero electric

Zyngo, a logistics company that uses electric vehicles, said that it has raised $5 million in a round led by Delta Corp Holding, with participation by existing investor LC Nueva Investment Partners LLP. The startup said that the funds will…

Electric vehicle maker Ola Electric said that it will reimburse the amount it had collected from customers for chargers. ET reported on May 2 that the government had closed its probe against Ola Electric and that the company would refund Rs…

Electric Vehicle (EV) two-wheeler industry took a hit in April as it sold 66,810 scooters, down by about 23% compared to March, according to data from the government portal Vahan compiled by Elara Capital.According to industry experts, the…

New Delhi: The Centre is likely to issue recovery notices to Hero Electric and Okinawa after a probe concluded the two companies violated the provisions of the FAME India scheme, said people with knowledge of the matter.The probe found the…

Log9, which makes batteries for electric vehicles, said it has commercially launched India's first indigenously made lithium-ion battery cell, which will be manufactured at one of its facilities in Bengaluru.Typically, vehicle makers import…

Electric vehicles (EV) financing digital platform RevFin Services is targeting to finance 20 lakh vehicles in the next five years, with an aim to grow three to four times every year, according to its CEO & Founder Sameer Aggarwal. With…

A section of electric vehicle (EV) makers, whose subsidies under a Rs 10,000-crore scheme to promote clean mobility have been withheld over allegations of non-compliance, are likely to challenge the government move in courts and are seeking…

Representatives of electric vehicle makers Ola Electric, Ather Energy, TVS Motors and Hero MotoCorp have met with government officials to defend themselves following recent whistleblower allegations that they are mispricing their products…

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The electric two-wheeler segment has hit a speed bump, as the government has stopped disbursing subsidies to several manufacturers that are under investigation for alleged violation of local-sourcing rules.Industry insiders say sales may…