SoftBank-backed Indian e-scooter maker Ola Electric said on Monday it would offer shares priced in a range from 72 rupees to 76 rupees ($0.86-$0.91) in a $734-million listing that will be this year’s biggest domestic IPO. It is the first IPO by an Indian electric vehicle maker, which is also the biggest player in a… Continue reading India’s Ola Electric announces price range for $734m IPOA term sheet showed the IPO values the firm at $4 billion.
Tag: Mobility
iVOOMi expands its network with six new dealerships across India
iVOOMi has announced a major expansion of its dealer network by opening six new dealerships across India. The new dealerships are located in the northern regions of Meerut, Bikaner, Nagaur, and Makrana, and the southern areas of Thenmala and Trichy. The brand’s expansion plan caters to the growing demand in tier 2 and 3 cities,… Continue reading iVOOMi expands its network with six new dealerships across India
Lohia expanded product portfolio launches five new E3W products with enhanced features and bold designs
Lohia announces the launch of five new E3W vehicles. The new lineup includes the Humsafar L5 Passenger, L5 Cargo, Narain iCE L3, Narain DX, and Narain C+, Narian Base SS, iCH, Comfort F2F+, Utility Vehicle each equipped with advanced features like keyless entry, LED lights, and a new butterfly design. Notably, the Narain+ offers a… Continue reading Lohia expanded product portfolio launches five new E3W products with enhanced features and bold designs
Maruti Suzuki India’s Grand Vitara crosses 2 lakh milestone in 23 months
Maruti Suzuki India’s Grand Vitara has crossed the 2-lakh sales milestone in just 23 months. Launched in 2022, it has pioneered a new era of SUVs, combining fuel-efficient powertrains with segment-leading features, a strong road presence, and sophisticated interiors. Celebrating this record-breaking milestone, Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited,… Continue reading Maruti Suzuki India’s Grand Vitara crosses 2 lakh milestone in 23 months
@niche: DETROIT FINDS OUT THE HARD WAY: THERE’S NOTHING “GRAND” ABOUT THE TRANSITION TO EVS.003463
Editor’s Note: This week, Peter provides a searing take on the current state of Detroit, and its reversals and missteps along the way to the “Grand Transition.” In On The Table, we feature an in-depth look at the 2025 Corvette ZR1, an emphatic statement from the True Believers at Corvette and a “monster” machine in every sense of the… Continue reading @niche: DETROIT FINDS OUT THE HARD WAY: THERE’S NOTHING “GRAND” ABOUT THE TRANSITION TO EVS.003463
Lack of incentives pushes Telangana’s EV sales into slow lane
Drawing examples from states like Kerala that offer free vehicle registration, exemption on road taxes along with toll exemption, and free parking, he said similar policy changes need to be brought about in Telangana to push up EV sales. Nationally, the sale of electric vehicles (EV) might be racing north. But back home in Telangana,… Continue reading Lack of incentives pushes Telangana’s EV sales into slow lane
Suzuki Motor to set up fifth biogas plant in Gujarat
Suzuki Motor Corporation has concluded a three-party MoU for the basic agreement between Suzuki R&D Center India, a wholly owned subsidiary of Suzuki in India, National Dairy Development Board (NDDB), and Banas Dairy of Banaskantha district, Gujarat to set up a fifth biogas production plant as well as to promote rural mobility service utilising biogas,… Continue reading Suzuki Motor to set up fifth biogas plant in Gujarat
Cleantechnica: Can You Live In An EV?003526
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! A few years ago, I spent a summer Uber driving around the Phoenix metro area. As with all rideshare drivers, I met a lot of interesting people. Many were passengers, but fellow drivers at the airport and just people… Continue reading Cleantechnica: Can You Live In An EV?003526
Ghost Robotics Corporation and LIG Nex1 Announce Close of Acquisition
LIG Nex1 will have a controlling stake in Ghost Robotics PHILADELPHIA and SEOUL, South Korea, July 29, 2024 /PRNewswire/ — Ghost Robotics, a leading innovator in legged robotics, and LIG Nex1, a premier South Korean defense technology company, are pleased to announce the close of a strategic partnership through LIG Nex1’s control-stake acquisition of Ghost… Continue reading Ghost Robotics Corporation and LIG Nex1 Announce Close of Acquisition
India’s Ola Electric to launch IPO next week, valuation seen at around $4.4bIts expected valuation is 18.5% to 22% lower than in its last round in Sep…
SoftBank-backed Ola Electric’s IPO will open for retail subscription on Aug. 2, the Indian electric scooter maker said on Saturday, a stock offering that according to two sources will value the company between $4.2 billion to $4.4 billion. The issue, which will open for institutional investors a day earlier on Thursday, will close for retail… Continue reading India’s Ola Electric to launch IPO next week, valuation seen at around $4.4bIts expected valuation is 18.5% to 22% lower than in its last round in Sep…