India’s electric vehicle (EV) story has so far been dominated by two-wheelers, e-rickshaws, and four-wheelers. But one Bengaluru-based startup believes the real sweet spot lies somewhere in between. iGoWise Mobility (iGo), an EV startup founded in 2020, has just raised ₹8.2 crore in fresh funding from ISB Angels and other investors to bring its bold vision to life.
And its flagship product—a…
Indian EV Market Set to Surge
India’s electric vehicle (EV) market is on a trajectory to reach one crore (10 million) units in annual sales by 2030, potentially creating up to five crore (50 million) jobs, according to Union Minister for Road Transport and Highways, Nitin Gadkari. This ambitious projection was made during his address at the 64th annual convention of the Society of Indian…
Ola Electric Mobility has seen a significant boost in its market valuation, reaching approximately $7 billion following the launch of its new line of electric motorcycles and an ambitious plan to produce its own batteries. The surge in the company’s valuation, which has increased by 20% to reach Rs 58,664 crore ($6.99 billion), reflects strong investor confidence and enthusiasm for its latest…
