Indian EV Start-Up Simple Energy Gains $20 Million; Lectrix EV Launches High-Range LXS 3.0 Scooter and More...
Simple Energy , an Indian clean energy and electric vehicle start-up has raised $20 million in Series A funding. The company plans to use these funds to boost the production of its main products, the Simple One and Simple Dot One.
Lectrix EV, the electric mobility division of SAR Group, has introduced the LXS 3.0 scooter, following the successful LXS 2.0. The new model, equipped with a 3KwH Li-ion LFP battery pack, boasts an impressive range of 130 km on a single charge and will be available for delivery starting August 1, 2024.
Softbank-backed Ola Electric Mobility has set the price band at Rs 72-76 per share for its Rs 6,100-crore initial public offering (IPO), launching on August 2. The trial production of its gigafactory is currently in progress, with operations expected to begin early next year.
Ecozen , a leader in climate-smart technology, has announced a strategic investment in Volektra, a trailblazer in electric vehicle (EV) technology. The partnership, supported by a consortium of investors including Thinkuvate, Growthfactory, and other stakeholders, aims to transform the global electric vehicle landscape.