Introduction
In a major step towards transforming India’s electric vehicle (EV) ecosystem, Delhi-based Vecmocon Technologies has secured $10 million in funding. The investment, part of the first phase of its Series A round, will help the startup scale up its cutting-edge vehicle intelligence solutions. With backing from notable investors like Ecosystem Integrity Fund (EIF), Blume Ventures, and…
In a major boost to innovation in both urban infrastructure and electric vehicle (EV) mobility, two promising startups, Nayan Tech and ZEVO, have raised a total of $4 million in funding. Nayan Tech, an AI-based company transforming smart city solutions, has secured $2 million to expand its operations and take its technology global. Meanwhile, ZEVO, a tech-enabled EV mobility platform, has raised…
Hala Mobility, an electric vehicle (EV)-as-a-service startup based in Hyderabad, has successfully raised Rs 51 crore in its pre-Series A funding round. The funding round, which includes a mix of debt and equity, was led by the startup’s founders—Srikanth Reddy, Snehith Reddy, and Anand Pareek—as well as Phani Ramineni, the founder of Previa Health. Other investors included the Rohan Bajaj…
Introduction
Enterprise Mobility, formerly known as Enterprise Rent-A-Car, is making waves under the leadership of CEO Chrissy Taylor. As the third generation of her family to run the company, Taylor is on a mission to reshape the brand’s identity beyond car rentals. Surprisingly, a recent study revealed that only 11% of consumers know about this transformation. Let’s dive into what this means…
Chara Technologies, co-founded by Bhaktha Keshavachar, Ravi Prasad, and Mahalingam Kaushik, is innovating in the electric motor industry with a new class of synchronous reluctance motors (SynRMs) that eliminate the need for rare earth metals. This Bengaluru-based startup aims to power electric vehicles (EVs), agricultural equipment, and household appliances while reducing dependency on scarce…
In a significant move towards sustainable transportation, myTVS, part of the $3 billion TVS Mobility Group, has officially launched its Mobility-as-a-Service (MaaS) platform, specifically designed for last-mile electric vehicle (EV) fleet operators across India. This innovative platform aims to provide comprehensive vehicle management services, positioning myTVS as a key player in optimizing EV…
Global private equity firm Carlyle is set to invest $400 million in India’s auto component market, focusing on the growing domestic demand and potential for export. The firm aims to establish a platform to acquire and merge mid-sized manufacturers specializing in precision machining and components for electric vehicles (EVs).
According to reports, Carlyle plans to acquire at least two…
Ultraviolette, the electric motorcycle manufacturer, has officially launched its new experience centre, the UV Space Station, in Hyderabad. This move comes after successful openings in Pune, Ahmedabad, and Kochi.
Narayan Subramaniam, CEO & Co-Founder of Ultraviolette, expressed enthusiasm about the new facility, stating, “The launch of the UV Space Station in Hyderabad aligns with our mission to…
As Maruti Suzuki India (MSIL) gears up to launch its first electric vehicle (EV) in January 2025 at the Bharat Mobility Show, the company is not just introducing a new model but also a robust customer support ecosystem. This initiative aims to address key concerns such as range anxiety, charging infrastructure, and resale value, which have hindered EV adoption in India.
Hisashi Takeuchi, MD and…
Analog Devices (ADI) has entered into a partnership with India’s Tata Group to explore semiconductor manufacturing in the country, signaling a significant step towards bolstering India’s position in the global chip market. The announcement was made on Wednesday, highlighting the collaboration between the U.S. chipmaker and Tata Electronics, the manufacturing arm of the Tata conglomerate.
Tata…
