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EVINDIAAjay Dhiman Resigns as COO of Revolt Motors Amid EV Industry Momentum-img
Ajay Dhiman Resigns as COO of Revolt Motors Amid EV Industry Momentum

In a key leadership development within India's rapidly growing electric vehicle (EV) industry, Ajay Dhiman has officially resigned from his role as Senior Vice President and Chief of Operations at Revolt Motors, the electric motorcycle brand owned by RattanIndia Enterprises. Dhiman, who joined Revolt Motors in April 2023, was responsible for driving the company’s manufacturing, supply chain, R&D, and operational strategy during a period of rapid scale-up and market expansion. His departure marks a significant transition as Revolt gears up for deeper market penetration in India and abroad. “I’m proud of what the team has accomplished during my time at Revolt—delivering innovation, scaling operations, and contributing to India's green mobility mission,” said Dhiman in a farewell note. “I’m excited to explore newer challenges and opportunities ahead.” An Industry Veteran's Exit During Growth Phase With over two decades of experience, including leadership roles at Honda Cars India and Honda Japan, Dhiman brought a blend of global perspective and local execution capabilities to Revolt Motors. He was instrumental in streamlining operations and aligning product development with EV market trends. His exit comes at a crucial time when Revolt is aggressively working toward a 400-dealership expansion plan by FY26, with a sharp focus on Tier 2 and Tier 3 cities. The company also recently marked its international foray by launching operations in Sri Lanka, with Nepal lined up as the next destination. What’s Next for Revolt Motors? While Dhiman’s next move remains undisclosed, Revolt Motors is expected to continue its momentum under its current leadership, leveraging a growing appetite for electric two-wheelers in India. With increasing government incentives, rising fuel costs, and improved EV infrastructure, brands like Revolt are uniquely positioned to benefit from the EV boom. As the EV ecosystem matures, strategic leadership changes like this will likely define the trajectory of startups and mid-scale OEMs vying for dominance in India’s competitive electric mobility market.

EVINDIAZypp Electric Reports 50% Growth to ₹455 Cr in FY'25, Eyes Profitability-img
Zypp Electric Reports 50% Growth to ₹455 Cr in FY'25, Eyes Profitability
Zypp Electric Achieves 50% Revenue Surge to ₹455 Cr in FY'25, Eyes Profitability with Tech-Led Growth In a landmark year for India's last-mile EV delivery ecosystem, Zypp Electric has reported a robust 50% surge in revenue, rising from ₹302 crore in FY'24 to ~₹455 crore in FY'25. The EV-as-a-service pioneer not only expanded its operations but also crossed the significant milestone of 100 million green deliveries, while sharply improving operational efficiency to set a clear path towards EBITDA profitability within the next two quarters. Zypp Electric’s growth story in FY'25 was powered by a strategic pivot towards sustainable logistics, fleet optimization, and tech innovation. Quick commerce accounted for 47% of deliveries (up from 30% in FY'24), showcasing Zypp's crucial role in transforming India's urban mobility. The company’s fleet now boasts over 22,000 electric vehicles operating across Delhi-NCR, Bangalore, and Mumbai, with the Mumbai fleet alone scaling to 2,400 vehicles within its first operational year. In a strong push for sustainability, Zypp Electric helped prevent 45 million kilograms of carbon emissions during the fiscal, a testament to its impactful role in India’s green mobility revolution. Over 1.2 lakh gig delivery partners are now leveraging Zypp’s daily rental EV ecosystem, which bundles maintenance, battery swapping, and technical support to make EV adoption seamless and cost-effective. Key Achievements in FY’25: Revenue grew 50% YoY to ~₹455 crore. 100 million+ cumulative deliveries completed. Delhi-NCR operations expanded by 16% to over 12,000 EVs. Bangalore operations grew by 31% to 5,000+ EVs. Launched Mumbai operations, reaching 2,400 active vehicles. Crossed 900 three-wheeler EVs in the driver rentals category. Prevented 45 million kg of CO₂ emissions. Technology-First Approach and New Revenue Avenues: Zypp Electric aggressively streamlined its SOPs, enhanced its tech stack, and launched a proprietary SaaS platform for fleet acquisition, management, and P&L tracking. These advancements reduced downtime, maximized fleet utilization, and significantly improved the gig partner experience. The launch of Zypp Advertising Services opened new monetization channels, enabling brands to advertise on EVs and driver accessories, expanding Zypp's revenue streams. Strategic Ecosystem Collaborations:Zypp deepened partnerships with EV manufacturers, battery-swapping companies, and fintech leasing firms to secure a steady EV supply and support fleet uptime through a robust charging-swapping infrastructure. These alliances set the foundation for an even larger expansion plan for FY'26. CEO Speak:"FY25 has been a landmark year for Zypp Electric," said Akash Gupta, Co-Founder & CEO. "Our focus was to strengthen tech, operations, and partnerships rather than pure topline growth. With our interventions, we now have a clear visibility towards achieving EBITDA breakeven over the next 1-2 quarters. We're riding the EV and quick commerce tailwind, expanding our footprint while keeping an eye firmly on profitability." Training for the Future:To support the growing EV ecosystem, Zypp launched pilot training programs for EV mechanics and technicians, strengthening the base for a self-sufficient sustainable mobility industry in India.

EVINDIAMHI may reduce processing time for EV subsidy claims from 40 to 5 days -img
MHI may reduce processing time for EV subsidy claims from 40 to 5 days 
To increase the EV adoption in the country, the Ministry of Heavy Industries (MHI) is looking forward to cutting the processing time from 40 days to only 5 days for EV subsidy claims, according to TICE news. To streamline the process and cut down on time, MHI intends to eliminate technical bottlenecks and verification stages. According to reports, there is a significant backlog of subsidy claims, with a total of 893,000 estimated claims and 126,000 claims pending in 2024–2025. There are roughly 109,000 claims for electric two-wheelers. The update is within the PM Electric Drive Revolution In Innovative Vehicle Enhancement (PM E-DRIVE) program of the Central Government, which is being carried out by HMI to promote the nationwide adoption of EVs. Operating from October 1, 2024, until March 31, 2026, the PM E-DRIVE program has a budget of Rs. 10,900 crore, of which Rs. 1,772 crore is allocated for subsidies for electric two-wheelers and Rs. 4,391 crore is allocated for electric buses. Additionally, the plan includes Rs. 2,000 crore set aside to develop and expand the nation's EV charging network. An additional Rs. 780 crore will be utilised to improve the nation's EV testing capabilities, while another Rs. 902 crore has been set aside for electric three-wheeler subsidies. In FY2024- 25, 20 lakh EVs were sold in India, bringing the total number of EVs sold to above 61 lakh. Over 50% of sales are EV two-wheelers, with electric three-wheelers accounting for 36% of sales. Moreover, electric cars also observed an 11% year-over-year increase in the same period. 

New ArticleNewsDelhi EV Policy 2.0 aims to set up 13,700 charging stations by 2030

Delhi EV Policy 2.0 aims to set up 13,700 charging stations by 2030

calenderPrashant
28-Apr-25 04:12:25 pm IST
The Delhi Transport Department will create comprehensive plans for every zone to place a charging and battery-swapping facility in every square kilometre of the city.
New ArticleNewsRiver crosses INR 100 Cr revenue milestone, sold 1,000 units per month since vehicle’s launch

River crosses INR 100 Cr revenue milestone, sold 1,000 units per month since vehicle’s launch

calenderPrashant
26-Apr-25 06:31:08 pm IST
The company is planning to open new outlets in Pune, Vijayawada, and Trivandrum. By 2026, River hopes to have dealerships and company-owned stores operating in more than 100 cities.
NewsAther Energy IPO 2025: EV Market Game-Changer?

Ather Energy IPO 2025: EV Market Game-Changer?

calenderarbaz
25-Apr-25 01:05:09 pm IST
Ather Energy’s IPO in April 2025 aims to boost R&D and expansion. Explore its premium E2Ws, market position, and future EV plans.
NewsVinFast records net losses in Q4, plans to double EV deliveries in 2025

VinFast records net losses in Q4, plans to double EV deliveries in 2025

calenderPrashant
25-Apr-25 12:16:49 pm IST
With automobile sales of VND15,441.5 billion, the company's total quarterly income was VND16,496.4 billion ($677.9 million), a 70% increase over the fourth quarter of 2023.
NewsHindalco provides 10,000 Aluminum Battery Packs to Mahindra for BE 6 and XEV 9e

Hindalco provides 10,000 Aluminum Battery Packs to Mahindra for BE 6 and XEV 9e

calenderPrashant
25-Apr-25 12:12:34 pm IST
With an expenditure of ₹500 crore, the plant marks Hindalco's foray into the production of EV parts.