Govt pushing ACC battery storage scheme, budget hiked 6x in last few years: Official, ET Auto
ACC Battery: The scheme is aimed at strengthening the ecosystem for electric mobility and battery storage in the country.
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ACC Battery: The scheme is aimed at strengthening the ecosystem for electric mobility and battery storage in the country.
India Business News: India aims to become a developed economy by 2047 through initiatives like electric mobility, digital payments, and high-speed expressways. Central min
Ola Electric Mobility raised Rs 410 crore from EvolutionX Debt Capital, supported by DBS and Temasek. Founder Bhavish Aggarwal is pitching the IPO to global investors, aiming for a $7-8 billion valuation.
Ola Funding: Ola Electric Mobility raised INR 410 crore from EvolutionX Debt Capital, supported by DBS and Temasek. Founder Bhavish Aggarwal is pitching the IPO to global investors, aiming for a USD 7-8 billion valuation.
The budget allocation for the advanced chemistry cell (ACC) sector has increased sixfold in recent years, indicating the government's commitment to enhancing the country's energy storage capabilities. The National Programme on Advanced Chemistry Cell (ACC) battery storage, approved by the Union Cabinet in May 2021 with a budget of Rs 18,100 crore, aims to bolster the electric mobility and battery storage ecosystem in India.