Since its inception in 2017, GLIDA has been at the forefront of innovation in India’s EV landscape.

Analysts have estimated that the Xiaomi SU7 will be priced at USD 27,668.26 to USD 41,502.39 or above.

The decision to defer POwerCO’s IPO comes at a time when the capital-market enthusiasm for EVs has cooled as sales growth has slowed.

BluSmart operates close to 6,000 EVs and has completed over 12 million all-electric trips, having covered 400 million all-electric kilometres.

Consumer interest in electric vehicles continues to improve in Indian auto market but prefernce for hybrid technology remains stronger.

The growth rate of new electric car registrations in Germany has slowed to 11.4% in 2023 from 30% the year before.

This digital platform is aimed at providing essential macroeconomic data and analysis on India’s rapidly growing electric mobility sector.

The raised capital will be deployed to enhance Raptee’s manufacturing facility, procure machinery and tooling for their upcoming electric motorcycle.