emobilityplus.com

18 hours ago | emobilityplus.com | Sangita Shetty

Bengaluru-based mobility tech company Fabric and its subsidiary Intellicar have reportedly secured $13.5 million in Series A funding, with the investment round led by Nuveen’s Private Equity Impact strategy. While an official statement from the company is still awaited, industry sources and media reports suggest the funding aims to bolster the adoption of electric vehicles (EVs) across India through advanced data and energy solutions.

20 hours ago | emobilityplus.com | Sangita Shetty

Vietnamese electric vehicle (EV) maker VinFast is significantly expanding its footprint in Asia with plans to establish new manufacturing plants in India and Indonesia by the end of this year. The move marks a major pivot from its earlier focus on Western markets and comes amid efforts to tap into the growing EV demand in the region.

2 days ago | emobilityplus.com | Sangita Shetty

In a strategic move to promote indigenous innovation and sustainability in India’s electric vehicle (EV) sector, Numeros Motors has partnered with the Indian Institute of Technology (IIT) Bhubaneswar to jointly research and evaluate rare earth-free (RE-free) motor designs. The collaboration is geared towards reducing India’s dependence on imported magnetic materials and supporting the domestic development of cost-effective, non-magnetic motor technologies for electric vehicles.

2 days ago | emobilityplus.com | Sangita Shetty

Ather Energy, the Bengaluru-based electric two-wheeler manufacturer, is set to launch its initial public offering (IPO) from April 28 to April 30, marking the first mainboard IPO of the financial year 2025–26. The anchor investment round is scheduled for April 25. According to the red herring prospectus filed with SEBI, the IPO comprises a fresh issue of equity shares worth ₹2,626 crore—lower than the ₹3,100 crore proposed in the draft red herring prospectus (DRHP) submitted in September 2024.

2 days ago | emobilityplus.com | Sangita Shetty

In a significant step towards cleaner and more inclusive urban mobility, the Delhi government has introduced 76 electric buses under the newly launched DEVI (Delhi Electric Vehicle Interchanges) initiative. The move is aimed at enhancing last-mile connectivity between metro stations and residential areas while supporting the city’s broader push for sustainable transport. The rollout began from the Ghazipur depot, with buses set to cover short-distance routes of approximately 12 km daily.