EV

3EV Industries, a rising player in India’s electric vehicle (EV) sector, has successfully raised Rs 120 crore in its latest funding round. The capital infusion is aimed at accelerating production, expanding its EV portfolio, and scaling charging infrastructure across key markets. Backed by strategic investors, the funding will also support research and development initiatives, supply chain enhancement, and technology adoption to strengthen competitiveness.

India’s electric vehicle (EV) market recorded a remarkable 57% year-on-year growth in sales in October, reflecting accelerating adoption of clean mobility solutions. The surge was driven by rising consumer awareness, government incentives, expanding charging infrastructure, and growing availability of two-wheelers, three-wheelers, and electric cars. Analysts attribute this growth to a combination of policy support, declining battery costs, and urban commuters’ preference for sustainable transportation.

In a significant development for India’s electric mobility ambitions, the Haryana government has extended an invitation to Tesla Inc. to set up a manufacturing facility in the state. The move comes amid the central government’s efforts to attract global electric vehicle (EV) manufacturers under its renewed investment and localization policies. Haryana, already a major automotive hub, aims to position itself as a frontrunner in India’s EV ecosystem by offering incentives, infrastructure, and a skilled workforce to global players like Tesla.

In a significant step toward advancing India’s electric mobility ecosystem, Jio-bp, the joint venture between Reliance Industries and bp, inaugurated a new EV charging hub in Devanahalli, Bengaluru. Positioned strategically near the Kempegowda International Airport, the facility aims to support the growing demand for electric vehicle (EV) infrastructure in one of the country’s fastest-growing urban corridors.

Electric scooter startup River has reported strong growth in sales and revenue, supported by the expansion of its product line and increasing consumer adoption of sustainable mobility solutions. The company, which has been positioning itself as a premium yet practical player in India’s electric vehicle (EV) market, has seen rising demand across metropolitan hubs. By combining innovative product features with a broader distribution network, River aims to strengthen its market share in an increasingly competitive EV segment.

Ola Electric, India’s leading electric mobility company, has filed a Production-Linked Incentive (PLI) claim worth Rs. 400 crore, reflecting its aggressive expansion in the electric vehicle (EV) manufacturing sector. The move comes as the company ramps up production capacity at its Tamil Nadu facility and strengthens its position in the country’s rapidly growing EV market. The claim underscores Ola’s commitment to leveraging government incentive schemes to accelerate EV adoption while reducing production costs.

TVS Motor Company is intensifying its push into the fast-growing electric two-wheeler segment with the unveiling of its latest product, the Orbiter. Designed to cater to the expanding demand for affordable and sustainable mobility, the Orbiter reflects TVS’s ambition to solidify its position as a market leader in the electric vehicle (EV) space.

Kia is strengthening its position in India’s burgeoning electric vehicle market by unveiling a comprehensive EV ecosystem to support its soon-to-launch Carens EV and Clavis EV. This strategic move highlights the automaker’s long-term commitment to sustainable mobility and readiness to address consumer concerns around charging infrastructure. By investing in end-to-end solutions—from home chargers to expanding public charging networks—Kia aims to accelerate EV adoption and secure an early advantage in a segment that is poised for rapid growth.

In a decisive stride toward sustainable mobility, Montra Electric, part of the Murugappa Group, has flagged off the delivery of its first batch of 50 electric small commercial vehicles (e-SCVs) to key logistics partners. This initiative is aimed at transforming last-mile delivery networks with zero-emission vehicles, supporting both environmental priorities and operational efficiencies. The rollout underscores Montra Electric’s ambition to carve a strong presence in India’s evolving electric cargo segment, catering to urban and semi-urban logistics demands.