Magenta Raises $40 Million In Series B Funding, BPCL Launches EV Fast Charging Highway Corridor On Delhi – Jalandhar Highway, And Much More...

Magenta Mobility , a homegrown company that provides #evcharging and mobility solutions, has raised $40 Million in Series B funding with a mix of debt and equity.? DealStreetAsia reports that the company secured $20 million in equity funding from two prominent global investors. This was in addition to Microsoft’s global startup program.?In the same round, the company also raised $20 million in debt. Magenta aims to increase its geographic presence in cities like #hyderabad, #chennai, #chandigarh, and #delhi

Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company announced the launch of #electricvehicle #fastcharging Corridor on the Delhi – Jalandhar National Highway with fast charging stations at 12 BPCL retail outlets strategically located along the highway (part of NH-44) as part of its initiative to address the range anxiety of electric vehicle owners.

Delhi Transport Corporation To Add 100 More #electricbuses By March Or April, Senior officials announced that 100 buses will be added to the Delhi Transport Corporation’s (DTC), electric bus fleet by March or April, bringing it up to 400.The Delhi government plans to purchase 1500 electric buses this year, bringing the total number to 1800.The government plans to purchase 6,380 buses by 2025.In a gradual manner, these low-floor zero-emission electric buses will be installed this year.

雷诺 and 日产 have announced a new long-term vision for India, increasing production and R&D activities, introducing #electricvehicles, and transitioning to #carbonneutral manufacturing. From their base in Chennai, the companies will collaborate on six new production vehicles for domestic and international customers, including two new fully electric vehicles, uplifting the Renault-Nissan centre into an international export hub.