Stay updated with breaking news from Ev Adoption. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Zypp Electric: Woodenstreet has provided IAN a return of more than 10 times with an IRR of 105. Zypp provided 6.5 times return with an IRR of 88%. Both these companies have tremendous potential going forward and the Fund has retained the major part of its shareholding to ride their success, the Fund said.
Mufin Green Finance has entered an agreement to lease 100 Tata Tigor cars to Snap-E Cabs for 5 years. Once the lease term concludes, Snap-E Cabs will have an option to purchase the vehicles. This addition takes the fleet count from 400 to 500 cabs in the city.
The company is currently building a fleet of around 50 prototype vehicles to be tested with customers, it said. Daimler Truck is targeting 60% zero-emission sales by 2030, but less than 0.3% of sales in January to June this year fit that category, as a lack of charging infrastructure and the high price tag of electric models stymie sales.
Trade body shares insights for insurers as more drivers turn to clean energy
Pholeka said, "Unpredictability is not good for business because my business plans are based on a certain assumption of subsidy. If the assumption changes then the plans change and if I'm not certain about my plans, I can't make investments."