PMI Electro Mobility, a leading name in the electric vehicle industry, has announced the signing of a significant agreement with REC Limited. The eventful signing took place at the “Green Finance” Summit, marking a milestone in PMI Electro Mobility’s journey towards sustainable electric mobility solutions.
Under the agreement, PMI Electro Mobility will be able to avail financial assistance amounting to Rs 480 crore from REC Limited. REC is a prominent financier of renewable energy and electric vehicle projects, making this a strategic partnership for both parties involved. The financial assistance will be directed towards funding requirements for PMI Electro Mobility.
The significance of this agreement is further underscored by REC Limited’s commitment to provide financial aid to PMI Electro Mobility and its associated ventures until March 2028. This long-term financial backing will reinforce PMI Electro Mobility’s commitment to advancing sustainable electric mobility solutions in India.
In the same vein of sustainable mobility, Land Rover has launched an updated version of its Range Rover Velar in India. The new Velar comes with a plug-in hybrid powertrain option, emphasising Land Rover’s commitment to greener, more efficient vehicles.
The updated Velar boasts two engine options and an array of enhanced technology features. Among these features are a 10-inch touchscreen Pivi Pro infotainment system and a 12.3-inch digital instrument cluster. As far as safety is concerned, the new Velar is fitted with six airbags, ABS with EBD, a 360-degree camera, and parking sensors at the front and rear.
These developments in the electric vehicle industry highlight the sector’s ongoing commitment to sustainable mobility. As PMI Electro Mobility and Land Rover continue to innovate and advance, their contributions will play a vital role in shaping the future of electric mobility in India.
