MyPickup, a subscription-based electric mobility startup backed by Inflection Point Ventures (IPV), has announced that it is shutting down operations after three years of trying to redefine urban commuting. The company, which launched in February 2023 with a mission to offer predictable and affordable electric auto-rickshaw services, cited difficulties in achieving product-market fit (PMF) and a…
Nikhil Kamath Bets Big on EV Future with $3M Investment in Charging Startup IPEC
In a major boost to India’s EV infrastructure game, Bengaluru-based startup IPEC has just landed a $3 million investment from Gruhas, the investment firm co-founded by Nikhil Kamath (of Zerodha fame) and Abhijeet Pai.
The deal has sent ripples across the clean tech space — and for good reason. IPEC isn’t your…
