After positioning itself as a niche product in the passenger car segment, Bangalore-based Reva Electric Car Company is looking at using the technology for the production of mini-buses and taxis.
Company has already put in place around 100 charging points across Delhi and Bangalore.
Reva, which had recently entered into an agreement with General Motors India for launching electric version of the compact car Spark, said it was also open to partnering other companies.
"We are looking for partners in 4-5 countries to set up manufacturing facilities and especially in the US, Australia and Europe. We are in talks with some companies, but nothing has been finalised so far."
Government has announced a slew of measures to give impetus to electric cars.
In the second of our three-part series on entrepreneurs who made it big without an MBA taken from author Rashmi Bansal's book Connect the Dots, we publish excerpts from Chetan Maini (of Reva Electric Car Company) and Samar Gupta's (of Trikaya Agriculture) stories.
SP Jain Institute of Management and Research, Mumbai, will hold its annual entrepreneurship mock IPO event Lock, Stock and Trade on January 4.
The promoters of Bangalore-based Reva Electric Car Company are in talks with global private equity investors to raise Rs 75 crore (Rs 750 million) by offloading 15 per cent equity, its managing director Chetan Maini said.
Bangalore-based Reva Electric Car Company plans to launch its car in Japan and the US later this year. The company is test-marketing the car in these two countries.
Ola Electric became the latest among electric scooter (e-scooter) makers to have started the exercise of recalling a specific batch of its model after a rap on the knuckles by the government. Union Minister of Road Transport & Highways Nitin Gadkari on Thursday advised electric vehicle (EV) companies to act responsibly by identifying and recalling defective batches without waiting for orders or guidelines from the ministry. The Bengaluru-based start-up is conducting pre-emptive diagnostics and health check on 1,441 scooters, it said in a statement on Sunday.
The premium e2o has an extended range of 120 km and electric power steering.
Even as India goes green, lack of uniform standards for setting up charging stations is holding back companies. Alnoor Peermohamed reports.
Electric mobility in India is touted to be the way to the future, but implementation of large-scale projects to bring infrastructure for charging is still lacking.
Eyes investments of Rs 31,000 cr in research and manufacturing of electric vehicles
While home-grown firms like Tata and Mahindra have been actively participating in the government's e-mobility mission, by launching electrified versions of their existing models, the global firms believe electric is not the best solution for a country where the primary source of power generation is coal, and where infrastructure is a big impediment.
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
If the drop in sales over the past two years is anything to go by, India's dream of putting seven million electric vehicles on road by the end of this decade has come a cropper.
Altigreen's hybrid engine will help make cars more fuel efficient and the air we breathe cleaner.
Model 3 received 180,000 orders worldwide.
In a thrilling match in Surat, Gujarat defeated Rajasthan "by one over eliminator" after the two teams ended with identical scores in 20 overs and the match was tied.
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