ADB Ventures, AdvantEdge invest INR 25cr in Electrifi Mobility’s fundraising round, ET Auto

The company helps NBFC and banking partners reduce their credit and asset risk allowing them to deploy more capital into a critical priority sector.New Delhi: Electrifi Mobility, a Gurugram-based commercial EV leasing and asset management company, said on Tuesday that it has secured INR 25 crore in seed stage funding from ADB Ventures, AdvantEdge founders and others.The investment round, which included equity and debt, is poised to fuel the company’s…
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Source: https://auto.economictimes.indiatimes.com/amp/news/aftermarket/adb-ventures-advantedge-invest-inr-25cr-in-electrifi-mobilitys-fundraising-round/107260483

Husqvarna Vitpilen 250 on-road prices in top 10 cities of India

– Husqvarna Svartpilen 250 priced at Rs 2.19 lakh, ex-showroom – Powered by 249cc, single-cylinder engine- Is based on KTM 250 DukeHusqvarna finally re-launched the Vitpilen 250 in India at Rs 2.19 lakh, ex-showroom. The bike was taken off the market along with its counterpart, the Svartpilen 250. Well, in this article, we list down the on-road prices of the motorcycle in the top 10 cities in India.The 2024 Husqvarna Vitpilen 250 has the design language of the previous model. However, with…
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Source: https://www.bikewale.com/news/husqvarna-vitpilen-250-on-road-prices-in-top-10-cities-of-india/

Supercars Championship to put an all-electric car on the track for the first time in 2024

By Josh Alston For Daily Mail Australia

05:26 30 Jan 2024, updated 05:26 30 Jan 2024
Latest change for iconic racing championship Comes after V6s were allowed to enter and Ford v Holden rivalry ended Racing fans torn over the latest development 

The roar of the vehicles in the Supercars Championship is set to be toned down by the hum of an electric motor in 2024 with the first EV safety car set to be used in…
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Source: https://www.dailymail.co.uk/sport/othersports/article-13021815/amp/Supercars-Championship-electric-car-track-2024-season.html

Toyota holds lead as world’s no. 1 automobile manufacturer for fourth year

By Nicholas Takahashi and Supriya Singh Toyota Motor Corp. sold more passenger vehicles than anybody in 2023, cruising past Volkswagen AG to become the world’s top carmaker for a fourth consecutive year.  Global sales, including those of subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., rose 7.2 per cent from the previous year to a record 11.2 million cars in 2023, the company said Tuesday.  Click here to follow our WhatsApp channel Output, which refers to cars off the production…
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Source: https://www.business-standard.com/amp/companies/news/toyota-holds-lead-as-world-s-no-1-automobile-manufacturer-for-fourth-year-124013000080_1.html

EV Sales Rise to 7.2% of US Auto Sales, Tesla 4.3% of Auto Sales

In 2019, full electric vehicle (EV) sales were 1.4% of US auto sales. In 2020, they had risen to 1.7%, and in 2021, they had risen to 3%. Growth seemed a bit slow, too slow. However, in the past two years, things have changed much faster. In 2022, US EV sales accounted for 5.5% of the auto market, and last year (in 2023), EV sales rose to 7.2% of the auto market. We’re still far from European or Chinese levels, but we’re improving!I’ll dig into the 2023 EV sales numbers in more detail…
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Source: https://cleantechnica.com/2024/01/29/ev-sales-rise-to-7-2-of-us-auto-sales-tesla-4-3-of-auto-sales/amp/

Great deal with this new hydrogen powered car, it’s price: 22,000 euros

Great deal with this new hydrogen powered car, it’s price: 22,000 euros.

This new hydrogen-powered vehicle becomes a good alternative to take care of the environment for very little money.

In the Spanish automobile market , the Renault Clio E-Tech full hybrid emerges as an outstanding option by presenting itself as the   most affordable hydrogen hybrid car with the ECO label , available for less than 22,000 euros .

This model not only offers an…
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Source: https://hydrogen-central.com/great-deal-with-this-new-hydrogen-powered-car-its-price-22000-euros/

The Batteries Of Tomorrow Are In The Laboratories Of Today

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I had dinner last night with a neighbor who asked me why sales of electric cars in America appear to be slowing. He was referring specifically to the decision by Ford to lower its production plans for the F-150 Lightning electric pickup truck. That conversation clarified several things for me. One, the charging infrastructure in America is inadequate for the needs of many drivers. Two, the…
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Source: https://cleantechnica.com/2024/01/28/the-batteries-of-tomorrow-are-in-the-laboratories-of-today/

BYD Misses Earnings Estimates as Price War Takes Toll

(Bloomberg) — BYD Co.’s earnings rose on back of soaring electric vehicle sales but fell short of analyst expectations as a price war in China hit the bottom line.Most Read from BloombergSales in China helped offset a decline in global demand, lifting BYD’s preliminary 2023 net income at least 75% from the previous year to between 29 billion yuan ($4 billion) and 31 billion yuan, the company said Monday in a filing with the Shenzhen Stock Exchange. But the total fell short of an average…
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Source: https://finance.yahoo.com/news/byd-preliminary-net-income-rises-123231827.html

Indian Supercross Racing League: BigRock Motorsports leads after Round One

-BigRock Motorsports secures podiums in every race-BB Racing’s Jordi Tixier wins two races-Over 10,000 spectators attend Round 1 in PuneThe Indian Supercross Racing League got off to a flying start with the first round being held at the Shree Shiv Chhatrapati Stadium in Pune. CS Santosh’s BigRock Motorsports were the most successful team of the night, bagging podium positions in all races and are now in the lead with 213 points in the bag.Riding for BigRock Motorsports, Australia’s Reid…
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Source: https://www.bikewale.com/news/indian-supercross-racing-league-bigrock-motorsports-leads-after-round-one/

Mahindra files patents for multiple electric SUVs

EV offensive to be kickstarted with the XUV.e8Patents filed for the BE.05, BE.07, and the BE.09Mahindra has filed design patents for various upcoming EVs, scheduled to be launched in the coming months. The carmaker will have a streak of electric SUV launches starting with the XUV700-based XUV.e8 later this year.Following the Mahindra XUV.e8 will be the BE.05, with a launch set to take place in October next year. Test mules of the model have already been spotted on multiple occasions, and the…
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Source: https://www.carwale.com/news/mahindra-files-patents-for-multiple-electric-suvs/