Electric Commercial Vehicles

Published By: Paras YadavLast Updated: July 19, 2023, 19:00 ISTImage used for Representation. (Photo: IANS)Ascend Capital was Co-founded in 2019 by Lokesh Chandra Mittal and Gaurav Maheshwari, the Jaipur-based electric commercial vehicle (eCV) financing firmAscend Capital is planning to raise Rs 500 crore over the next 18 months as it looks to finance over 1 million electric commercial vehicles by 2030, the company said on Wednesday.Co-founded in 2019 by Lokesh Chandra Mittal and Gaurav Maheshwari, the Jaipur-based…

A prominent producer of electric commercial vehicles, Altigreen Propulsion Labs, and the Bengaluru-based start-up that simplifies energy for EVs, Exponent Energy, have joined forces to introduce rapid charging for electric commercial vehicles (eCVs). The companies have unveiled the quickest-charging electric three-wheeler, which charges from zero to 100% battery capacity in just 15 minutes. An exclusive battery made by Arun Vinayak-led Exponent, the 8.19 kWh epack, is used in the Altigreen’s three-wheeler vehicle neEV HD.…

Homegrown auto major Tata Motors on Thursday unveiled the electric version of its popular mini truck, Ace, as it continues the drive for electrification of its portfolio. The company has also signed pacts with leading e-commerce players such as Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing and Yelo EV, to supply the Ace EV and it has already received orders for 39,000 units.The company will also look to build platforms in the e-cargo segment to build solutions to serve market requirements. Speaking…