🚀 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
Volvo Cars sees 'tremendous growth' in EVs, CEO says
Reuters
·
1y ago
Medial
Volvo Cars CEO, Jim Rowan, predicts significant growth in demand for electric vehicles (EVs) globally, particularly in Europe. Volvo aims for EVs to contribute 50% of its sales volume by mid-decade and to sell only EVs by 2030. Rowan highlights Volvo's premium branding and consumers' increased disposable income as factors contributing to the company's pricing power in the EV market. Despite disruptions in the Red Sea affecting shipping costs, Volvo expects to absorb any additional expenses. The company also plans to launch a more affordable EV model, the EX30, in India by 2025.
View Source
Related News
One-third of Volvo sales to come from EVs in 2024
Thehindubusinessline
·
1y ago
Medial
Volvo India aims to have one-third of its sales come from electric vehicles (EVs) by 2024. The carmaker plans to introduce the EX30 and EX90 EV models in India in 2025. In 2023, Volvo India sold 2,423 cars, with EVs accounting for 690 units, constituting 28% of total sales. The company is moving towards becoming an all-electric car company by 2030 and is selling its EVs online. Additionally, Volvo plans to expand its service reach and used car business in key markets in India.
View Source
Volvo invests in, taps Breathe Battery tech for 30% faster EV charging
Reuters
·
1y ago
Medial
Volvo Cars has invested in UK startup Breathe Battery Technologies to enhance its next generation of electric vehicles (EVs). The investment aims to cut charging time for the EVs by 30%, using Breathe's battery software. By providing greater visibility on individual battery cells, the algorithm-based software allows the EV to charge at full power without compromising safety. The technology is expected to be integrated into new Volvo EVs within the next two to three years. Faster charging times are crucial in encouraging wider EV adoption. Additionally, Breathe aims to extend battery life and performance to meet automakers' needs.
View Source
Volvo Cars will not pay Northvolt for battery joint venture stake, it says
Livemint
·
6m ago
Medial
Volvo Cars will not pay Northvolt for its 50% stake in their battery venture, Novo Energy, as part of a larger settlement. Despite the stake acquisition, the fate of the planned battery factory in Gothenburg, originally set for 2026 production, remains uncertain. Construction was nearly complete when Northvolt faced financial issues. Volvo is exploring other options for the building, considering future use or potential sale, while seeking a new investor.
View Source
Google, Volvo Cars deepen partnership to develop Android software for vehicles
Economic Times
·
2m ago
Medial
Volvo Cars has deepened its partnership with Google's Android software to enhance in-car experiences. Volvo, now the lead development partner, gains earlier access to new Android versions, which typically lag behind mobile releases. The collaboration allows Google engineers to test software in real-world settings in Volvo vehicles. At Google's I/O conference, they showcased Volvo's EX90 electric SUV running Android 15 and integrating Google's Gemini AI, offering innovative features like voice-assisted tasks and personalized user experiences.
View Source
India opts for greener rides: EVs account for over 60% of three-wheeler sales in June
Economic Times
·
1m ago
Medial
In June 2025, electric vehicles (EVs) made up over 60% of three-wheeler sales in India, according to the Federation of Indian Automobile Dealers Associations (FADA). This trend reflects a growing shift towards green mobility. Two-wheeler EVs accounted for 7.3% of sales, while passenger EVs like cars and SUVs reached 4.4%. The commercial segment also saw EV growth. Overall vehicle sales increased by 5% year-on-year, spurred by infrastructure investments and consumer interest in sustainable options.
View Source
Volvo invests in, taps Breathe Battery tech for 30% faster EV charging
Economic Times
·
1y ago
Medial
Volvo Cars has made an undisclosed investment in UK startup Breathe Battery Technologies. The two companies aim to cut charging time by 30% for Volvo's upcoming electric vehicles using Breathe's battery software. This investment allows Volvo to gain insights and collaborate closely with Breathe. The challenge of rapid chargers is that the software often limits power intake to protect the battery. However, Breathe's algorithm-based charging software provides better visibility on individual cell health, allowing for faster charging while ensuring battery safety. Faster charging times are crucial to encourage more customers to adopt electric vehicles.
View Source
Hybrid car sales enter the fast lane on growing penetration
Thehindubusinessline
·
1y ago
Medial
Hybrid electric vehicles (EVs) are gaining popularity in India, with sales of hybrid cars surpassing diesel cars. Toyota and Maruti have experienced a surge in demand for their hybrid vehicles, indicating that consumers are considering hybrids as an alternative to diesel vehicles. Industry experts believe that hybrids will play a crucial role in the transition from internal combustion engine (ICE) to EVs. However, the adoption of hybrid vehicles in India is hindered by higher GST and road taxes compared to ICE cars. Rationalizing the taxes on hybrid EVs could accelerate their adoption and aid the switch to cleaner vehicles.
View Source
How China’s EV Boom Caught Western Car Companies Asleep at the Wheel
Wired
·
1y ago
Medial
China's electric vehicle (EV) industry is impressing Western commentators, as tech-heavy yet affordably priced Chinese EVs flood the domestic market. Former Mercedes-Benz executive Mark Rainford, based in Shanghai and operating the "Inside China Auto" YouTube channel, showcases the emergence of cutting-edge Chinese EVs. He emphasizes that these vehicles aren't mere imitations but standards-compliant, innovative road-going "smartphones." Western auto executives have underestimated the rapid growth of China's car companies. Rainford's channel, capitalizing on growing interest in Chinese cars overseas, has garnered hundreds of thousands of views. These "digital bling" EVs challenge established brands with advanced tech features.
View Source
Shifting gears: Why Redbus is entering the EV financing space
Livemint
·
1y ago
Medial
Redbus, the bus aggregator owned by MakeMyTrip, is expanding its lending business to include financing for electric vehicles (EVs). After offering working capital loans to bus operators, Redbus is considering entering the EV financing space. Currently, there is a lack of lending options for EVs due to uncertainty surrounding their residual value and economics. With the EV bus system being virtually non-existent, Redbus sees a billion-dollar opportunity to play a role in market-making for EVs. The company aims to accelerate the adoption of clean energy transport through tailored financial solutions and drive revenue growth in tier-2 and tier-3 towns.
View Source
Tesla would likely be excluded from new California EV tax credits, governor's office says
Economic Times
·
8m ago
Medial
California's proposed state tax credits for electric vehicles (EVs) might not apply to Tesla cars if President-elect Donald Trump eliminates the federal tax credit for EV purchases. Governor Gavin Newsom's office stated that Tesla would not qualify under this scenario. The potential removal of the federal tax credit is being considered by Trump's transition team. Elon Musk, Tesla's CEO, who is an advisor to Trump, criticized the idea. Newsom plans to propose a new version of California's Clean Vehicle Rebate Program to compensate for the loss of federal support. The state, facing a $2 billion budget deficit, aims to have 80% of new vehicles sold in California be electric by 2035.
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/QQK2ZSU5Z5JUVP2AOMNZAU6PKM.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XCFCMVDO45K77LOS4JVYDUMMWU.jpg)
