🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Swedish EV Maker Clean Motion’s Indian Arm Bags Funds To Set Up Manufacturing Plant
Inc42
·
1y ago
Medial
Clean Mobility Solution India, a subsidiary of a Swedish company, has secured funding which will be used to expand operations in India, increase team size, and establish a manufacturing facility in Pune. Additionally, the company plans to raise a Pre-Series round of $3 million to $5 million in early 2022. With a focus on manufacturing electric three-wheelers, the company aims to provide first and last-mile transportation services.
View Source
Related News
Murugappa Group’s EV Arm TI Clean Mobility To Raise INR 580 Cr To Build EV Tractors
Inc42
·
1y ago
Medial
TI Clean Mobility, the electric vehicle (EV) arm of Indian conglomerate Murugappa Group, has signed an agreement to raise ₹580 crore ($69.4 million) in a mix of equity and compulsorily convertible preference shares. The funds will be provided by private equity firm GEF Capital and used to scale up TI Clean Mobility's EV offerings and provide cleaner commercial mobility solutions. TI Clean Mobility focuses on manufacturing small and heavy commercial electric vehicles and plans to expand operations across India. The Indian EV market is projected to reach $110.74 billion by 2029.
View Source
Odisha clears JSW's Rs 40,000 Crore proposal to set up EV manufacturing units
OutlookIndia
·
1y ago
Medial
The Odisha government has approved a proposal by the JSW Group to establish electric vehicle (EV) manufacturing units in Cuttack and Jagatsinghpur districts with an investment of Rs 40,000 crore. The project aims to create over 11,000 jobs. JSW plans to set up an EV and EV battery manufacturing project in Cuttack, along with an original equipment manufacturing (OEM) plant for EVs and components. In addition, a complex for EV components manufacturing, including a copper smelter and a lithium smelter, will be set up in Jagatsinghpur. The state government also approved various other policies and projects.
View Source
Chinese EV maker Human Horizons seeks up to $42 million in debt financing to revive EV production
Economic Times
·
11m ago
Medial
Chinese EV maker Human Horizons is seeking debt financing of up to 300 million yuan ($41.78 million) to restart production at its EV plant. The parent company of premium EV brand Hiphi has filed for a pre-bankruptcy process. This move comes after similar bankruptcy proceedings facing two units of China Evergrande's EV arm. The fundraising will be used for after-sales services and to resume work, production, and sales. Human Horizons, which suspended production and sales in February, aims to regain momentum in a highly competitive EV market.
View Source
China's BYD plans new electric vehicle plant in Mexico, says Nikkei
Reuters
·
1y ago
Medial
Chinese electric vehicle maker BYD is reportedly planning to establish a new manufacturing plant in Mexico, aiming to create an export hub to the United States. Following its rise as the top EV maker in terms of sales, BYD has launched a feasibility study for the new plant and is engaging in negotiations with Mexican government officials. The company, which currently focuses its sales in China, intends to expand its global presence and is also building a plant in Brazil.
View Source
Zetwerk Bags Order From Indian Oil To Set Up 1,400 EV Chargers
Inc42
·
1y ago
Medial
Contract manufacturing unicorn Zetwerk has received an order from the Indian Oil Corporation (IOC) to set up over 1,400 electric vehicle (EV) chargers at IOC's petrol stations across India. Zetwerk will deploy chargers with capacities of 50-60 kW and 100-120 kW, capable of charging two vehicles simultaneously. This deal is seen as a significant win for Zetwerk as it expands in the renewable energy sector after venturing into IT hardware and EV component manufacturing last year. The startup has also allocated INR 1,000 crore ($122 million) to invest in electronics manufacturing.
View Source
Foxconn plans to invest ₹424 crore in semiconductor JV with HCL | Mint
Livemint
·
9m ago
Medial
- Foxconn plans to invest up to ₹424 crore in a semiconductor joint venture (JV) with HCL Group. - The iPhone manufacturer purchased a 40% stake in the JV for nearly ₹312 crore. - The investment will be used for the Foxconn-HCL OSAT plant to be set up in India. - Foxconn has invested ₹246 crore in the JV through its subsidiary Big Innovation Holdings. - The company has invested more than $1.4 billion in India and employs over 48,000 people in the country. - Foxconn is manufacturing Apple iPhones in India and has plans to set up an EV and battery plant in the country.
View Source
Indian EV maker Wardwizard to form joint venture in Saudi Arabia
VCCircle
·
10m ago
Medial
Indian EV manufacturer Wardwizard Innovations and Mobility has received a letter of intent to establish a joint venture in Saudi Arabia. The plan includes setting up an assembly plant and an EV cell plant in the country. Initially, the assembly plant will produce electric two-wheelers, three-wheelers, and four-wheelers, with the potential to expand to electric bus production later on. The EV cell plant will be dedicated to manufacturing electric vehicle cells. The cost of entering into the joint venture has not been disclosed.
View Source
JSW Group looks to participate in lithium mines auction: Sajjan Jindal
Money Control
·
1y ago
Medial
The JSW Group is planning to participate in the auction of lithium mines as part of its efforts to create a robust electric vehicle (EV) ecosystem with a strong supply chain. The conglomerate aims to lower EV production costs by enhancing local sourcing and leveraging its subsidiaries. JSW Group recently received permission from the Odisha government to set up an EV components manufacturing complex, and now plans to source components from this plant to reduce production costs. The group recognizes the importance of lithium, a sought-after mineral used in EV batteries, and intends to secure its supply through participation in mine auctions.
View Source
Tesla CEO Elon Musk to visit India, meet PM Modi and announce investment plans: Report
Thehindubusinessline
·
1y ago
Medial
Elon Musk, the CEO of Tesla, plans to visit India in April to meet with Prime Minister Narendra Modi. During the visit, Musk is expected to make an announcement regarding Tesla's investment plans and the opening of a new factory in India. Tesla has been lobbying for lower import taxes on electric vehicles in India and has been in talks to set up a manufacturing plant in the country. India recently unveiled a new EV policy that lowers import taxes for manufacturers who invest at least $500 million and set up a factory.
View Source
VinFast hails India’s new EV policy, pledges $500 million
Thehindubusinessline
·
1y ago
Medial
Vietnamese electric vehicle manufacturer VinFast has expressed its support for India's new electric vehicle (EV) policy, stating that it will drive investments, enhance skills, and establish a strong supply chain. VinFast is planning to set up an integrated EV plant in Tamil Nadu, with an initial capacity of 50,000 vehicles per year. The Indian government's EV policy will allow companies that invest at least ₹4,150 crore to import a limited number of vehicles at reduced customs duties, in an effort to attract multinational companies and promote India as a manufacturing destination. Ola Electric CEO Bhavish Aggarwal also welcomed the policy, stating it will strengthen India's manufacturing ecosystem and move the country towards a greener future.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JCS7J2QYTVLCFJGFBDZPVFTXAE.jpg)
