The Economic Times Startup Awards 2024 has unveiled the nominees for its prestigious Startup of the Year category, celebrating companies that have demonstrated exceptional innovation, execution, and rapid growth. This year’s nominees showcase a diverse range of sectors, each bringing a unique approach to their respective fields.
Zepto: Founded in 2020 by Aadit Palicha and Kaivalya Vohra, Zepto…
Ather Energy, the electric two-wheeler manufacturer founded by Tarun Mehta and Swapnil Jain, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch an initial public offering (IPO) worth INR 3,100 crore. The company, known for its innovative electric scooters, aims to raise funds to accelerate its growth and expansion.
The IPO will consist of a fresh issue of equity shares worth INR…
Cylib, a promising startup backed by luxury sports car manufacturer Porsche and appliance giant Bosch, is set to revolutionize battery recycling in Europe with a new, expansive facility in Germany. The new plant, located in Dormagen, North Rhine-Westphalia, will cover 236,000 square feet and aims to recycle up to 30,000 metric tons of end-of-life batteries annually. This will make it the largest…
The significant share acquisition aims to increase the capital of the Indian unit, aligning with Foxconn’s broader strategy of scaling up its operations beyond smartphone manufacturing. Liu highlighted the company’s ambitions to advance in sectors such as information and communication technology (ICT), electric vehicles (EVs), energy, and digital health.
In addition to the Indian investment…
Ola Electric Mobility, India’s leading e-scooter manufacturer, has achieved a significant milestone by reaching a valuation of Rs 58,664 crore ($6.99 billion) after a 20% surge in its stock value on Friday. This impressive leap follows the launch of its new line of e-motorcycles and the company’s strategic plan to cut costs by producing its own batteries.
The company’s entry into the…
Mary Barra’s journey from a General Motors (GM) intern to the chairperson and CEO of one of the world’s largest automakers is a story of visionary leadership and relentless drive. Her success is not merely a result of her technical expertise or managerial skills but a combination of foresight, adaptability, and an unwavering commitment to innovation. This article delves into the strategies and…
In the fast-evolving world of the automotive industry, Mary Barra’s tenure as CEO of General Motors (GM) stands as a testament to transformative leadership. As the first female CEO of a major global automaker, Barra has not only shattered industry norms but has also spearheaded a revolution in innovation, sustainability, and the future of transportation.
A Trailblazing Career at GM
Mary…
Ola Electric: Bhavish Aggarwal in India’s billionaire list, worth $1.44 billion as stock rallies 17%
Ola Electric Mobility Ltd’s stock experienced a significant surge of 17% following its muted market debut, propelling the company’s founder Bhavish Aggarwal into the ranks of India’s billionaires. Aggarwal, who holds a substantial 36.94% stake in the company, saw his net worth soar to approximately ₹12,104 crore (about $1.44 billion) as a result of the rally.
The Ola Electric IPO, which…
Gentari Green Mobility India has unveiled the “Gentari Go” app, a significant advancement in the country’s clean energy landscape. The app integrates a range of sustainable solutions, including electric vehicle (EV) charging, home solar systems, and forthcoming test drive options.
Navjit Gill, Gentari’s Country Head for India, emphasized the company’s dedication to achieving net-zero…
Electric two-wheeler and three-wheeler manufacturers are bracing for a new wave of testing and recertification as they prepare for the anticipated launch of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-III) scheme. According to recent updates from the Automotive Research Association of India (ARAI) and other key certification bodies under the Ministry of Heavy…
