JSW Group Denies Plans To Move Electric Vehicle Project From Odisha; Everest Fleet Gears Up For Growth With $30 Million Led by Uber and More...

The JSW Group has refuted media reports suggesting that it is considering relocating its proposed Rs 40,000 crore electric vehicle and battery project from Odisha to Maharashtra. The company reaffirmed its commitment to the project in Odisha, despite delays in its implementation.

Mumbai-based fleet operator Everest Fleet has secured $30 million as part of its ongoing $50 million Series C funding round, led by Uber’s Indian subsidiary. The company’s board approved the issuance of 13,726 Series C compulsory convertible preference shares, raising ?251.7 crore ($30 million), according to regulatory filings obtained from Tofler.

In a significant move for India’s micro-mobility sector, MS Dhoni-backed EMotorad and Booz Mobility, a Shark Tank-featured company, have entered a strategic partnership to revolutionize electric transportation. This collaboration marks the first-ever partnership between an original equipment manufacturer (OEM) and a micro-mobility operator in India.

Mercedes-Benz India has called for a unified platform to provide real-time information about all available charging stations in the country. This would make it more convenient for electric vehicle owners to find and use charging stations, potentially boosting the adoption of electric vehicles. Santosh Iyer, MD and CEO of Mercedes-Benz India, emphasized the need for such a platform, noting that the current system with multiple apps is cumbersome and discourages people from switching to electric cars.

JSW MG Motor India has officially revealed the pricing for its latest model, the MG Windsor, starting at INR 13,49,800 (ex-showroom). The MG Windsor, India’s first Intelligent Crossover Utility Vehicle (CUV), merges the comfort of a sedan with the versatility of an SUV, providing a premium business-class experience for customers.