Indian ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday. SoftBank-backed Ola is India’s answer to Uber and plans to file papers for approval with the country’s market regulator within three months, said… Continue reading India’s Ola Cabs plans $500m IPO, to appoint banks soonThis is Ola’s second attempt at an IPO after a 2021 plan to raise up to $1 billion was canned.
Tag: Mobility
Grab is still in the the driver’s seat, but other ride-hailers aren’t lagging behind
We explore the current state of Southeast Asia’s ride-hailing scene and check out an Indonesian coffee startup that’s raised series A money. Go to Source
Charging network operators, energy companies partner to create UPI-like network for EV charging
20 Energy companies have come together to create an Alliance for an open energy network called the Unified Energy Interface (UEI). This UPI-like system is aimed at facilitating seamless payment and transaction interoperability within EV charging networks. The Alliance includes member companies like ChargeZone, Pulse Energy, Kazam, Sheru, Trinity, Turbo, etc. Leading public policy think… Continue reading Charging network operators, energy companies partner to create UPI-like network for EV charging
Charging network operators, energy companies partner to create UPI-like network for EV charging
20 Energy companies have come together to create an Alliance for an open energy network called the Unified Energy Interface (UEI). This UPI-like system is aimed at facilitating seamless payment and transaction interoperability within EV charging networks. The Alliance includes member companies like ChargeZone, Pulse Energy, Kazam, Sheru, Trinity, Turbo, etc. Leading public policy think… Continue reading Charging network operators, energy companies partner to create UPI-like network for EV charging
InnerCircle: ‘Consumers are willing to wait for innovative EV products; tech suppliers must lower entry barriers’, says Nilesh Bajaj, CEO at Vayve Mobility
Pune-based e-mobility startup Vayve Mobility is registering strong demand for its maiden two-seater electric car called Vayve Eva. One of the USPs of this car is that it can also run on solar power. The company says its waitlist clearly determines the potential demand for such an offering and breaks the stigma that only conventional,… Continue reading InnerCircle: ‘Consumers are willing to wait for innovative EV products; tech suppliers must lower entry barriers’, says Nilesh Bajaj, CEO at Vayve Mobility
InnerCircle: ‘Multiple products, platform-based design key factors for viability for EV startups’: Aditya Puppala, Co-founder & CTO, Speedloop Auto
Multiple product strategies, platform-based design, and horizontal integration are the three key factors that could help new-age electric commercial vehicle companies ensure viability, according to Speedloop Auto Co-founder and Chief Technology Officer Aditya Puppala. Speedloop Auto is a four-year-old startup founded by Puppala and Gayatri Jadhav with a mission to bring clean and affordable mass… Continue reading InnerCircle: ‘Multiple products, platform-based design key factors for viability for EV startups’: Aditya Puppala, Co-founder & CTO, Speedloop Auto
InnerCircle: ‘Electric bicycles should be the starting point in mainstream e-mobility market’, says Chintamani Sardesai, CEO, Nexzu Mobility
Electric cycles are gaining popularity with people becoming more cognisant of health benefits, environmental consciousness, technological changes and budget. However, unlike the Western markets, the Indian market is yet to witness a large-scale adoption. At a time when the automotive industry is pushing for faster adoption of electric vehicles in scooters, three-wheelers, and four-wheelers, Nexzu… Continue reading InnerCircle: ‘Electric bicycles should be the starting point in mainstream e-mobility market’, says Chintamani Sardesai, CEO, Nexzu Mobility
InnerCircle: ‘Electric bicycles should be the starting point in mainstream e-mobility market’, says Chintamani Sardesai, CEO, Nexzu Mobility
Electric cycles are gaining popularity with people becoming more cognisant of health benefits, environmental consciousness, technological changes and budget. However, unlike the Western markets, the Indian market is yet to witness a large-scale adoption. At a time when the automotive industry is pushing for faster adoption of electric vehicles in scooters, three-wheelers, and four-wheelers, Nexzu… Continue reading InnerCircle: ‘Electric bicycles should be the starting point in mainstream e-mobility market’, says Chintamani Sardesai, CEO, Nexzu Mobility
Emmforce AutoTech to raise Rs 54 crore through IPO on April 23
Emmforce AutoTech, a Panchkula, Haryana-based aftermarket drivetrain component manufacturer which manufactures niche drivetrain parts such as differential housings, differential locks, 4WD locking hubs, spindles, axles, yokes, and shafts, among others, for America and ASEAN aftermarket, has announced its initial public offering or IPO. The company’s IPO will open on April 23, with fresh issuance of… Continue reading Emmforce AutoTech to raise Rs 54 crore through IPO on April 23
A 14-year-old is charged in fire that destroyed a driverless Waymo vehicle
/ The district attorney’s office in San Francisco filed charges of vandalism against a teenager suspected in the February incident. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge. Share this story Go… Continue reading A 14-year-old is charged in fire that destroyed a driverless Waymo vehicle