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…
Imagine a smoother, faster, and more efficient commute through the chaos of Mumbai’s streets. What if your daily journey could be stress-free with more buses arriving when you need them most? Well, thanks to Cityflo, your dream commute is about to become a reality! The company has just expanded its fleet with 100 brand-new custom-built buses, and they are set to revolutionize Mumbai’s public…
TVS Motor Acquires Majority Stake in DriveX Mobility, Strengthening Its Position in the Pre-Owned Two-Wheeler Market
In a major move to expand its reach in the growing pre-owned two-wheeler market, TVS Motor Company has significantly increased its stake in DriveX Mobility, a digital-first platform co-founded by Narain Karthikeyan, India’s first Formula One driver, and his business partner…
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…
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…
