Power Finance Corp. (PFC) and Indian Renewable Energy Development Agency (IREDA) are considering a plan to auction the electric vehicles (EVs) that financially troubled Gensol acquired by taking loans from the two...
Japan’s Mitsui invests Rs 200 crore in Pune-based EKA Mobility
Pune-based EKA Mobility, which received a tranche of Rs 200 crore from Japan’s Mitsui & Company, is looking at commissioning a third manufacturing facility for rolling out electric buses and light commercial...
NIIF and Macquarie in talks to pick stake in Tecso Charge Zone
Leading infrastructure investors – National Investment and Infrastructure Fund (NIIF) and Macquarie Group are in early stages of discussions to acquire a significant minority stake in Tecso Charge Zone, which...
China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to $744 mln
Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi’s smart electric vehicle (EV) unit in a deal worth as much as $744 million and the two companies will form a strategic partnership...
