Posted in Automobile
Yulu Raised $19.25 Million Through the Joint Efforts of Magna and Bajaj Auto
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Posted in AutomobileBusiness
Dream11 Records INR 6,384 Crore Revenue and INR 188 Crore PAT in FY23
Three points you will get to know in this article: In the past fiscal year, Dream Sports, the proud parent company of Dream11, showcased an exceptional financial performance, witnessing a remarkable 66.21% growth in revenue, bringing it close to the impressive Rs 6,400 crore mark for FY23. Simultaneously, the company experienced a 32.40% surge in profits during the same period.…
Posted in Automobile
Rapido Triples Revenue to Rs 443 Crore in FY23, Diversifies Income Streams
Three points you will get to know in this article: In the early stages of the fiscal year 2023, Rapido successfully secured an impressive $180 million in funding from prominent backers such as Swiggy, WestBridge, TVS Motor, Shell Ventures, and Nexus Ventures. This substantial financial infusion played a pivotal role in catapulting Rapido’s growth by threefold, providing the company with…
Posted in Automobile
Zoomcar Eyes Profitability in FY2024 After Facing Revenue Decline and Losses in FY2023
Three points you will get to know in this article: Zoomcar is optimistic about achieving profitability in the fiscal year 2024. If this milestone is reached, it would undeniably become one of the standout narratives of the year, especially when examining the financial trajectory of the company in the fiscal year concluding in March 2023. During that period, the Indian…
Posted in Automobile
BluSmart Mobility Introduces Innovative Pricing Model for Electric Mobility: Rush Hours vs. Relaxed Hours
Three points you will get to know in this article: BluSmart Mobility, with a keen focus on electric vehicles, has discreetly unveiled a fresh pricing model tailored to different times of the day. This innovative structure comprises two distinct tiers: ‘rush hours’ and ‘relaxed hours.’ As the names suggest, charges during ‘rush hours’ are set to be higher than those…
Posted in Automobile
BluSmart Raises $24 Mn from Investors and Leadership
Three points you will get to know in this article: BluSmart Mobility, a cutting-edge electric vehicle (EV) ride-hailing service and a pioneer in EV charging superhub infrastructure operation, successfully secured $24 million in a recent equity funding round. As per the company’s statement, this round witnessed active involvement and enthusiastic support from current investors, company founders, and the esteemed leadership…
Posted in Automobile
Aditya Birla Group’s Hindalco Invests INR 800 Crores in Battery Foil Production Facility in Odisha
Three points you will get to know in this article: Hindalco Industries, the leading metals company under the Aditya Birla Group, has revealed a substantial investment of INR 800 Crores for establishing a cutting-edge battery foil production facility in the vibrant Sambalpur district of Odisha. This strategic financial commitment by Hindalco is driven by its foresight to capitalize on the…
Posted in Automobile
Hero MotoCorp Boosts Stake in Ather Energy, Invests Rs 140 Crore
Three points you will get to know in this article: Hero MotoCorp has successfully secured an extra 3% ownership in the dynamic electric vehicle enterprise, Ather Energy, by investing a noteworthy sum of Rs 140 crore (equivalent to approximately $16.8 million). As disclosed in official regulatory documents, this strategic investment involves the acquisition of supplementary shares from Ather’s current stakeholders.…
Posted in Automobile
Ola Dominates 2-Wheeler EV Space with 85K+ Registrations in November
Three points you will get to know in this article: In the exhilarating month of November, registrations for electric two-wheelers maintained their stride, experiencing a notable 14% month-on-month surge. This propelled them beyond the impressive milestone of 85,000 units, fueled by robust demand for leading electric vehicle (EV) manufacturers amid the festive season festivities. According to the latest insights from…