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EV fleet management startup Zypp eyes USD 40 million from Tribe, others at USD 300-350 million value – ET Auto

Baua Electric

The company – which works with delivery platforms including Amazon, Flipkart, Zomato, Blinkit, Swiggy, Zepto, in addition to bike taxi operators such as Uber and Rapido – has seen its revenue grow nearly three times in FY24 to INR 325 crore. Zypp Electric expects to expand its service to two more cities this year.

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Li-ion maker Boston Power secures US$290M from two local Chinese governments for expansion

Green Car Congress

The company’s Tianjin facility will grow its capacity to 4GW by 2017, and is expected to reach 8 GWh in manufacturing capacity by 2018. China’s EV market is expected to reach US$35 billion by 2020, with demand for high-end lithium-ion batteries hitting 100 GWh. —Sonny Wu, chairman of Boston Power.

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Wisk unveils autonomous four-seat eVTOL air taxi; Generation 6

Green Car Congress

Wisk Aero, an Advanced Air Mobility (AAM) company, revealed the first self-flying, all-electric, four-passenger vertical takeoff and landing (eVTOL) air taxi. As Wisk’s go-to-market aircraft, Generation 6 represents the first candidate for type certification by the FAA of an autonomous eVTOL.

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Volkswagen to invest ~$18B in China through 2022 on e-mobility, autonomy, digitalization, mobility services; new JAC-VW electric SUV

Green Car Congress

million vehicles in China in 2017—the most successful make in the country. Volkswagen is due to introduce ten fully electric models by 2023 in this major market alone, with plans in place to produce and sell a total of around 650,000 fully electric cars in China in 2025. Volkswagen sold almost 3.2 year-on-year.

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Geely launches Lynk & Co; a new electrified and connected global car brand

Green Car Congress

It will go on sale worldwide; from 2017 in China, followed by Europe and the US. Geely plans a non-traditional route to market: direct interaction between manufacturer and consumer, personalized services and hassle-free ownership at the most competitive price point (sounding like Tesla).

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Finally, Tesla Confirms The Wireless Charging & A Little More On Wireless Charging of EVs

Get Electric Vehicle

It would make sense for the cars to be able to charge themselves without needing a person to plug them in if they were capable of driving alone. By 2028, Siemens projects that the wireless EV charging market in North America and Europe will grow to $2 billion. For example, they have opened a test site for taxis in Vienna, Austria.

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India’s electric four-wheeler ride-hailing fleet incentives

Electric Vehicles India

The Delhi, Hyderabad and Bangalore cities are among the top markets for ride-hailing four-wheelers in India and have the highest shares of electric vehicles when compared to the other cities in India. For Bangalore, it was approved in 2017 and will operate and valid till 2023. billion, $52.5 billion) by 2024. to €115, $13.8

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