Posted in Automobile
EV Startup Baaz Bikes Join Hands with Tata Power-DDL, Plans More Battery Swapping Stations
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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…
Posted in AutomobileBusiness
Artha and Rockstud Exit Uber-Backed Everest Fleet with Over 18x Returns
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…