JBM Group, a leading player in the commercial vehicle and component manufacturing space, has signed a strategic partnership with Singapore-based Keppel for decarbonisation and green mobility.

The partners will focus on decarbonising urban infrastructure, provide unique and customised solutions for electric mobility and electric waste (e-waste) management. As part of the understanding, Keppel will brings its leading-edge capabilities in integrated clean energy, electric vehicle (EV) charging and resource circularity solutions.

On the other hand, JBM Group will leverage its expertise in electric vehicles, EV aggregates and key auto systems. They will joint develop projects focussing on e-mobility, Battery Energy Storage Systems and e-waste solutions. Furthermore, they will also look at setting up EV charging networks, e-mobility hubs and  resource recovery facilities.

The agreement was done at the 29th Confederation of Indian Industry (CII) Partnership Summit 2024 in New Delhi, India. The MoU was signed in the presence of Piyush Goyal, Minister of Commerce and Industry, Government of India by Nishant Arya, Vice Chairman, JBM Group and Cindy Lim, CEO, Keppel’s Infrastructure Division.

“India and Singapore share a long-standing and robust partnership that was recently elevated to a Comprehensive Strategic Partnership (CSP) during Prime Minister Narendra Modi's visit to Singapore in September 2024. This significant step enhances collaboration in sustainability, advanced manufacturing, digital technology and green energy,” said Goyal

“At the 29th CII Partnership Summit, I am pleased to witness landmark agreements between Keppel and leading Indian corporations. These collaborations align with India's priorities, including the energy transition and the India Cooling Action Plan, fostering innovation and paving the way for economic growth and a sustainable future for both nations. This augurs well as our countries celebrate the 60 years of diplomatic relations in 2025,” he added.

Nishant Arya said, “This strategic partnership with Keppel marks a significant step forward in our commitment to advancing the global energy transition and decarbonisation goals. The combined synergies of two global leaders joining hands, with JBM’s expertise in e-mobility, renewables and green manufacturing and Keppel’s innovative solutions in infrastructure and sustainability, we aim to deliver transformative outcomes in clean energy and electro-mobility domains. Together, we will pioneer solutions that shall redefine the global sustainability landscape towards creating a zero carbon and resilient future for our communities.”

Cindy Lim added, “India's electricity demand is rapidly rising on the back of its growing economy, urbanisation and electrification. Through forging partnerships with leading partners like JBM Group, Keppel is uniquely positioned to participate in and contribute meaningfully towards India’s sustainable development. We look forward to working with our esteemed partner to deliver differentiated and impactful decarbonisation and sustainability solutions to help meet the net-zero commitments of both India and our customers.”

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Bengaluru-based electric two-wheeler manufacturer Simple Energy has closed its Series B funding round, securing INR 2.5 billion through a combination of debt and equity.

The funding round was led by the family office of Dr. Arokiaswamy Velumani, alongside Simple Energy’s Founder and CEO, Suhas Rajkumar, and Co-founder and CFO, Ankit Gupta. Financial institutions HDFC Bank and Capitar Ventures, along with other non-banking financial companies (NBFCs), served as debt partners, contributing INR 1.23 billion to the total capital raised.

The EV maker will direct the majority of the Series B proceeds toward manufacturing expansion and scaling up production capacity. The remaining capital is earmarked for sales, marketing and research and development (R&D) to advance its product roadmap and customer experience.

At present, Simple Energy operates at a manufacturing capacity of 3,000 units per month. The company has recently increased investment in its proprietary battery assembly lines, with the output ramp-up scheduled to take effect from August 2026.

To support its next growth phase, the company plans to increase its workforce across key departments, including production, sales and marketing.

The funding coincides with significant top-line growth for the electric vehicle (EV) startup. Simple Energy's annual revenue increased fourfold, rising from INR 400 million in FY2025 to INR 1.70 billion in FY2026.

The brand currently averages monthly sales of approximately 1,500 units. Its retail network comprises more than 71 outlets operating across 38 cities, including Bengaluru, Delhi, Patna and Chennai. As part of its immediate domestic expansion strategy, Simple Energy will shortly enter new markets, including Ranchi, Bhubaneshwar and Cuttack.

Simple Energy has set a target to achieve monthly sales of 10,000 electric scooters by March 2027.

Suhas Rajkumar, said, “The funding reflects strong investor confidence in Simple Energy. This will help us scale production, strengthen our Made-in-India manufacturing stack, and expand access to our long-range, performance-led scooters nationwide. We are seeing clear market demand, with revenues rising 4x from INR 400 million in FY’25 to INR 1.70 billion in FY’26. The funding amounts will be mainly directed towards capacity expansion, targeting monthly sales of 10,000 scooters by March 2027, alongside continued investments in R&D and marketing. This milestone marks Simple Energy’s transition from a homegrown startup to a full-stack EV OEM, reinforcing brand trust and readiness for a long-term path to public markets.”

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Bengaluru-based electric vehicle manufacturer Ola Electric has announced its sales performance for May 2026, selling 15,139 units, down 20 percent YoY.

This marks the third consecutive month of registration growth for the EV maker, with its May 2026 performance rising 23 percent MoM.

The company estimates that the industry volumes last month grew by approximately 15 percent from around 148,000 units in April 2026 to about 170,000 units in May 2026.

Ola Electric attributes the sales improvement to changes in front-end retail structures and improved operational execution across the network. Furthermore, an increase in domestic petrol price also indicates an accelerating market transition toward electric mobility.

"Ola Electric has delivered its third consecutive month of growth, with May registrations rising 23 percent MoM and significantly outpacing industry growth. The strong demand environment, coupled with increasing traction for our Roadster portfolio, has helped us maintain the growth momentum. We remain focused on accelerating EV adoption through innovative products, technology leadership and scale," said the company in a statement.

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Toyota Kirloskar Motor, one of the leading passenger vehicle manufacturers, has finally announced the price of its first battery-electric vehicle in India, the Urban Cruiser Ebella.

The vehicle has debuted in its E3 specification at INR 23,60,000 (ex-showroom), forming part of the manufacturer's strategy to introduce diversified powertrain options.

The EV features a front-mounted electric motor powered by a 61 kWh lithium-ion battery pack, developed on a platform shared with Suzuki's e Vitara. The powertrain produces a power output of 128 kW and 189 Nm of torque. It connects to both AC and DC fast-charging networks, managed via the i-Connect telematics system, which allows users to monitor battery status, schedule charging and control thermal pre-conditioning through a smartphone application.

The model utilises Toyota's design philosophy, featuring a hammerhead front fascia, an aerodynamic profile, LED lighting, dual-tone exterior options and 18-inch alloy wheels. The interior houses a digital cockpit that integrates a 10.25-inch instrument combi-meter and a 10.1-inch central touchscreen supporting wireless Apple CarPlay and Android Auto. Cabin features include ventilated front seats, a 12-colour ambient lighting system, sliding and reclining rear seats, a panoramic roof, and a JBL sound system. The vehicle is distributed across five monotone and four dual-tone paint finishes.

Built on a steel body shell designed to shield the under-floor battery module from impacts, the vehicle includes seven airbags as standard equipment. It incorporates a Level 2 Advanced Driver Assistance System suite that includes adaptive cruise control, lane keep assist, lane departure warning, and rear cross-traffic alerts, alongside a 360-degree surround-view camera network.

The Toyota Urban Cruiser Ebella comes with an 8-year battery warranty and a buyback scheme. Buyers can choose a Battery-as-a-Service (BaaS) procurement framework to separate the vehicle purchase price from battery ownership. For maintenance, the company has equipped more than 500 service touchpoints nationwide with diagnostic tools and charging hardware, employing over 2,500 technicians to deliver a 45-minute maintenance turnaround.

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Tesla has expanded its product footprint in India with the official introduction of the 2026 Model Y Premium Rear-Wheel Drive variant. The launch follows the domestic release of the three-row Model Y L six-seater last month, building out the automaker's direct-to-consumer retail strategy in the country.

The new rear-wheel-drive variant is priced at INR 50,89,000 (ex-showroom), with customer deliveries scheduled to commence in July 2026. To lower the barrier to entry for the premium electric segment, Tesla has paired the launch with a financing structure featuring a down payment of INR 600,000 and monthly EMI options starting from INR 39,990.

The Model Y Premium Rear-Wheel Drive relies on a rear-axle permanent magnet motor setup engineered for immediate torque response, including a claimed acceleration from zero to 100 kmph in 5.9 seconds, up to 500 km on a single charge under the WLTP testing cycle and 2,138 litres of total utility space accessible via power-folding rear seats.

The platform shares its structural safety architecture with the larger Model Y L variant. Both body configurations have secured maximum safety ratings from international crash-testing and safety evaluation authorities, including the NHTSA and IIHS in North America, Euro NCAP in Europe, ANCAP in Australia and New Zealand, and the C-IASI in China.

The interior of the Premium variant introduces hardware adjustments and revised aesthetics designed to elevate cabin ergonomics. The dashboard upgrades to a larger 16-inch first-row touchscreen console. The unit features a higher-resolution panel and an optimised user interface to speed up access to climate controls, navigation maps and media streaming.

The cabin debuts a standard all-black theme incorporating a blacked-out headliner and dark premium trim accents. Alternatively, buyers can configure the vehicle with a minimalist Zen Grey interior layout.

Tesla operates a direct-to-consumer retail and after-sales service model in India, bypassing traditional third-party dealership franchises. Orders are processed via the company's dedicated digital portal, supported by physical flagship locations. Active customer experience, service and delivery hubs include: Mumbai, Delhi, Gurugram and Bengaluru.

To support vehicle charging logistics, the company is deploying its Home Charging Program across all Indian states alongside continued investments into a localised, high-capacity public fast-charging network.

Isabel Fan, Senior Director at Tesla, said, “Tesla's mission is to build a world of amazing abundance. Tesla enables the use of electric vehicles by increasing the accessibility of Tesla technology and providing charging solutions around people’s lifestyles. Tesla will keep investing in the country to create a seamless EV experience in India, with more retail coverage, aftersales services and charging locations are coming soon."

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