Volvo delivered three of the world’s first heavy-duty line haul electric trucks to Danfoss. Of the three e-trucks, two will operate in fixed routes between Danfoss sites in Denmark whereas one will operate 24 hours a day and five days per week without significant charging downtime.

Over and above the three electric heavy-duty trucks, another six such vehicles are planned to be operational before 2024. So far, Danfoss will be the first company in Denmark to have a 24-hour truck in operation of this kind. 

When all nine trucks enter operation, they will reduce Danfoss’ scope 1 and 2 emissions in Denmark by 10-15 percent and enable next to zero noise and air pollution, drastically improving working climate for drivers.

Danfoss is pushing for a similar arrangement in India with its subsidiary in the country. It announced its intention to collaborate under a national task force on the sidelines of the G20 meet in Goa recently to stimulate the development of the e-freight market in India under the Zero Emission Vehicles Emerging Markets Initiative (ZEV-EMI) initiative and the Indian Government’s Electric Freight Accelerator for Sustainable Transport (E-FAST) platform– led by NITI Aayog and supported by World Resources Institute (WRI) India.

 Currently in India, Danfoss’s less-container loads are moved through alternate fuel freight. The organisation has e-vehicles for in-campus goods movement, for goods movement on select route freight and for employee commutation.

While Volvo Trucks is closely watching the shift to alternative fuels taking place in the form of LNG, CNG and other fuels in India, it is currently pushing for electric heavy-truck in Europe where it would make a viable business case. 

The Swedish commercial vehicle major has set a global target of selling 50 percent electric trucks or fuel-cell electric trucks by 2030 with Europe as the prime market. 

The three Danfoss electric heavy-duty trucks will be supported by customized superchargers rapidly charge the truck’s battery during offloading and onloading at each stop. This would usually take roughly 15 minutes. The trucks will be charged by charging infrastructure from the Danish company GodEnergi.

Interestingly, Danfoss Editron is supplying the On-Board Charger and Electric Power Supply (OCEPS) to all Volvo electric trucks, which enables fast overnight AC charging and is a key enabler to electrifying on-highway trucks and buses as well as off-highway vehicles. The OCEPS’ dual functionality provides 43 kW of power to charge a truck overnight (8-9 hours) while using readily available AC power outlets. This enables the quick deployment of EV trucks while minimising the charging infrastructure costs for the end-users.

This unique product also acts as a 43kW electric Power Take-Off (ePTO) to power work functions on off-highway vehicles such as excavators and wheel loaders.

Semikron Danfoss, the newly merged SEMIKRON and Danfoss Silicon Power, is delivering SKAI2HV traction inverters designed for bus, construction, marine and truck applications to Volvo Trucks.

Danfoss joined the Climate Group’s EV100 initiative in 2019 and is committed to transitioning the entire company car fleet to electric vehicles by 2030 at the latest. The transition from diesel-powered vehicles to fully electric vehicles is an important step to becoming carbon neutral in scope 1 and 2 emissions by 2030.

Digital lending platform Revfin has strengthened its management with the appointment of three senior executives as part of its FY2026 strategy, targeting INR 7.5 billion in disbursements and 5x growth over the past two years. The company also expects to cross INR 20 billion in cumulative disbursements since inception.

The new appointments include Abhinandan Narayan, Chief Business Officer – New Business, Monish Vohra, COO – Operations & Collections and Anirudh Gupta, Chief Finance & Strategy Officer. The appointments the company shared aligns with its focus on ‘People, Process, Profitability.’

Furthermore, Revfin has outlined its ambition to finance 24,000 EVs in FY2026. Till date, it claims to have financed over 85,000 EVs across 25 states, with 75 percent of borrowers from marginalised communities. Cumulatively, its driver partners have covered 1.6 billion electric miles and earned over USD 400 million.

In FY2025, the company grew its L5 EV loan book by 1,700 percent, supported by a partnership with Bajaj Auto and expanded collaborations with logistics firms. The L5 segment remains a key focus as a replacement for ICE vehicles in urban transport.

Sameer Aggarwal, Founder & CEO, Revfin, said, “The last financial year was a volatile one for the EV industry, but the excitement and energy within the sector remain undiminished. At Revfin, we are deeply convinced that intracity and small commercial vehicles must – and will – transition 100 percent to electric within the next three years. The opportunity is here and now. It’s time to set bold targets and pursue hypergrowth over the next two years. At this critical juncture, the right leadership becomes essential to realizing our ambitions. With the strong momentum we’ve already built, we’re confident the journey ahead will be even more rewarding. We’ve entered 2025 with a sharp focus on what truly matters: People, Processes, and Profitability. These latest leadership hires are a natural extension of that focus and our commitment to scale with purpose.”

Ahmedabad-based clean energy company Matter has launched its flagship electric motorcycle – the Aera, in Bengaluru at an introductory price of IRN 179,000 for the first 500 customers, post which it will be available at INR 188,000. The company has started taking pre-registrations for the e-motorcycle at INR 1,999.

Furthermore, the company has also announced that its first Experience Hub will come up at BTM Layout, which will showcase its tech prowess and philosophy firsthand.

The Matter Aera is claimed to be the world's first electric motorcycle with manual gears – 4-speed transmission, 3 ride modes that delivers 12 unique ride combinations. It features a 7-inch Smart Touchscreen Dashboard, onboard charger and liquid cooled powertrain. The e-motorcycle has a claimed IDC range of up to 172km, a zero to 40 kmph in 2.8 seconds, dual disc brakes with ABS, telescopic front fork and dual rear suspension.

Mohal Lalbhai, Founder & Group CEO, Matter Energy, said, “There’s no better city to lead this journey than Bengaluru—where innovation isn’t just an idea, it’s a way of life. Every lane, every rider here resonates with purpose and progress. The Aera isn’t just a bike – it’s the 22nd Century motorbike. It delivers the thrill of a rocket and the practicality your pocket loves. With our in-house developed Hypershift manual gearbox, liquid-cooled powertrain, and connected tech, AERA brings together performance, emotion, and sustainability like never before.”

The Kia EV3 has won the prestigious ‘2025 World Car of the Year’ award at the globally renowned 2025 World Car Awards ceremony, held during the New York International Auto Show (NYIAS).

A jury of 96 distinguished worldwide automotive journalists from 30 nations assessed the 2025 World Car Awards. With the EV3's triumph, Kia has now won six World Car Awards since 2020. The EV3 has a dramatic, forward-thinking design and a creative, useful interior that makes the most of available space, comfort and utility. The EV3 can charge from 10 to 80 percent in 31 minutes and has a segment-leading range of up to 375 miles (around 603 kilometres). While Kia's AI Assistant, advanced driving assistance systems (ADAS) and Over-the-Air (OTA) upgrades improve the ownership experience with cutting-edge technology, the vehicle's creative interior design maximizes room, comfort and accessibility.

Ho Sung Song, President and CEO, Kia, said, “It is an immense honour for everyone at Kia that the EV3 has been awarded the 2025 World Car of the Year title. This award highlights Kia’s global leadership in providing design-led, technologically advanced, sustainable mobility solutions and how the EV3’s class-leading attributes redefine the user experience for customers worldwide.”

The Hyundai INSTER sub-compact EV has won the prestigious 2025 World Electric Vehicle award at the globally renowned 2025 World Car Awards ceremony, held during the New York International Auto Show (NYIAS).

With this recognition, Hyundai Motor Company has dominated one or more World Car Awards categories for the fourth year in a row. Hyundai Motor's commitment to developing EV technology and sustainability is highlighted by the 2025 World Electric Vehicle award, which also acknowledges INSTER's exceptional value in the EV market. The finalists were chosen by a sealed-ballot jury consisting of 96 international automotive journalists from 30 different countries. On 16 April 2025, the winners were revealed at the 2025 NYIAS. With its unique design, remarkable driving range and state-of-the-art technology, INSTER is the market leader in the sub-compact EV sector. A 10- to 80-percent charge can be made in around 30 minutes thanks to INSTER's quick charging technology, and the 49-kWh long-range variant has a range of up to 370 kilometres.

José Muñoz, President and CEO, Hyundai Motor Company, said, “The Hyundai INSTER has been a winner with customers since we introduced it. It’s very gratifying that the experts on the prestigious World Car Awards jurors feel the same way. The combination of compelling design, range, enjoyable driving characteristics, intuitive infotainment and technology that customers appreciate is emblematic of Hyundai’s approach of delivering exceptional value to our customers. The fact that our global portfolio is successful both commercially and critically speaks to the hard-working people throughout the Hyundai value chain who are delivering some of the best vehicles on the road today. Thank you to all the jurors for your service to this great industry.”