Electric vehicles

Foreign Investment

Govt to install fast-charging e-vehicle stations in Delhi by next month

Franchise India Bureau Feb 11 2019 - 1 min read

The government is planning to install fast-charging stations in some busy areas of New Delhi by the end of March. Once the facility is in place, cars can be recharged for as low as Rs 30 for a 15-minute top-up. Saurabh Kumar, Managing Director, Energy Efficiency Services (EESL), said, “We will set up fast-charging stations in ...

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Fund Raise

SmartE eyes raising $20 million to expand its operations

Franchise India Bureau Dec 03 2018 - 1 min read

SmartE, India's largest electric vehicle fleet operator, is planning to raise around $20 million to expand its operations in 20 major cities across the country over the next four years. Currently, the Gurugram-based firm is operating a fleet of around 1,000 electric three-wheelers primarily in Delhi/NCR region. In order to cater to expected demand across ...

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IKEA

IKEA’s home delivery in 5 major cities will be made through electric vehicle by 2020

Franchise India Bureau Sep 15 2018 - 1 min read

IKEA Group, the owner of most IKEA stores worldwide, will be using electric vehicles or other zero-emission means to make home deliveries in the inner cities of Amsterdam, Los Angeles, New York, Paris and Shanghai by 2020. This means that 25% of the company’s home deliveries would be zero-emission by 2020. The world's biggest furniture retailer is ...

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Investments

M&M plans to expand EV portfolio, to invest Rs 500 cr in Chakan plant

Franchise India Bureau Jun 01 2018 - 2 min read

In a bid to expand its electric vehicles portfolio, Mahindra & Mahindra (M&M) today has confirmed to invest an additional Rs 500 crore at its Chakan plant in Maharashtra. The utility vehicle major today inked two pacts with the state government regarding EVs. In a statement issued today, M&M ...

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