BluSmart-automobile
Posted in Automobile

BluSmart Raises $24 Mn from Investors and Leadership

by SA TeamPosted on

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…

aditya-birla-group-hindalco
Posted in Automobile

Aditya Birla Group’s Hindalco Invests INR 800 Crores in Battery Foil Production Facility in Odisha

by SA TeamPosted on

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…

Ather-energy-logo
Posted in Automobile

Hero MotoCorp Boosts Stake in Ather Energy, Invests Rs 140 Crore

by SA TeamPosted on

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.…

ola logo
Posted in Automobile

Ola Dominates 2-Wheeler EV Space with 85K+ Registrations in November

by SA TeamPosted on

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…

sea-fund-logo
Posted in AutomobileBusiness

Seafund Ventures into EV and Clean Mobility: Backs Five Deeptech Startups

by SA TeamPosted on

Three points you will get to know in this article: Seafund, a budding venture capital enterprise in its early stages, is in the process of raising its second fund, aiming for a substantial corpus of INR 250 Crores. The firm has recently thrown its support behind five innovative deeptech startups, channeling a total investment of INR 5 Crores into these…

Artha Exits
Posted in AutomobileBusiness

Artha and Rockstud Exit Uber-Backed Everest Fleet with Over 18x Returns

by SA TeamPosted on

Three points you will get to know in this article: Everest Fleet, a startup in the fleet management domain backed by Uber, recently witnessed the departure of two investors, Artha Venture Fund and Rockstud Capital. This development unfolded just days after successfully securing funding from Uber and Paragon Ventures. In the aftermath of this transition, Rockstud Capital proudly declared an…

Oorja
Posted in AutomobileTechnology

Oorja Raises $1.5 Million in Pre-Series A Funding

by SA TeamPosted on

Three points you will get to know in this article: Oorja is gearing up to make the most of this financial boost, channeling the funds towards enhancing their product and broadening their presence across the European and North American markets. Oorja, a cutting-edge deep tech startup hailing from Bengaluru, has exciting news to share. They’ve just closed a triumphant seed…

EV Startups
Posted in AutomobileBusiness

Early-Stage Funding Secured by EV Startups Raptee, Nikol EV, and SaaS Platform Data Sutram

by SA TeamPosted on

Three points you will get to know in this article: Three innovative electric mobility startups, namely Raptee, Nikol EV, and the B2B software-as-a-service (SaaS) venture Data Sutram, have successfully secured early-stage funding. This announcement was made by the companies on a Tuesday. Raptee Raptee, a prominent electric motorcycle manufacturer, has triumphantly raised $3 million (equivalent to Rs 25 crore) in…

Nikhil Kamath
Posted in AutomobileBusinessTechnology

Nikhil Kamath’s EV Startup Investment and Potential Laptop Curb Relaxation

by SA TeamPosted on

Three points you will get to know in this article: • The development follows Ather’s recent INR 900 Cr ($108 Mn) rights issue.• Ather’s FY23 revenue soared to INR 1,806 Cr from INR 408.5 Cr in FY22.• Kamath invests in Indian startups like Nazara, Licious, Third Wave Coffee, and more. Nikhil Kamath, one of the co-founders behind Zerodha, India’s premier…

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