In the ongoing Series A funding cycle, Euler Motors makes a strong business case with its MaaS offering. Story by: Deven Lad Euler Motors is riding high on investor confidence in its business model. Offering Mobility-as-a-Service (MaaS) stack for India centric commercial Electric Vehicles (EV), the Tesla inspired automotive technology start-up looks to have cracked the investor code. The company[Read More…]
Amara Raja Batteries has partnered Gridtential Energy to assemble and test advanced bipolar lead-acid batteries aimed at electric and hybrid vehicles. Story by: Deepti Thore The next generation of batteries already developed or being developed is aiming to outdo the previous generation batteries broadly on fronts like charge capacity, charging speed and battery life. All of this while also being[Read More…]
Hero MotoCorp announced a further investment of Rs.84 core in Ather Energy. Team ACI Continuing to build on its series of new initiatives, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today announced a further investment of Rs.84 crore (USD 11 million) in Ather Energy, taking up its shareholding in the Company to 34.58 per cent. Prior to[Read More…]
ZF Friedrichshafen AG has commenced the integration of WABCO on receiving the last of the regulatory clearances. Story by: Ashish Bhatia ZF Friedrichshafen AG has commenced the integration of WABCO Holdings Inc. on receiving regulatory clearances from all authorities. The final clearance for the previously announced merger of WABCO and ZF came from the Chinese State Administration for Market Regulation.[Read More…]
Press Release Bangalore, Jun 22, 2020: Yulu, India’s leading EV micro-mobility service provider today announced a fresh infusion of Rs 30 crores in equity funding led by US-based VC firm Rocketship and existing investors. The new investment will be used for further strengthening the mobility platform, technology solutions, and enabling rapid expansion. The fresh investment amid the COVID-19 crisis validates the vision[Read More…]
Tata Motors Statement Tata Motors Ltd. (TML), India’s leading automobile company, today informed the stock exchanges that it has signed an agreement to purchase the 50 per cent shareholding of Jayem Automotives in JT Special Vehicles Pvt. Ltd. (JTSV). Further to this announcement, JTSV will become a wholly-owned subsidiary of Tata Motors, following the completion of the procedural requirements. JTSV[Read More…]
Marelli (India) Private Limited has strategically partnered with Transphorm Inc to boost its EV technology base. Story by: Team ACI In a strategic move, Marelli (India) Private Limited has partnered with US-based Transphorm Inc. Through the move looked at as a big boost to the company’s technological base for electric vehicles, Marelli aims to acquire valuable access and insights. With[Read More…]
Anand Group allies with FAR and Mazaro for mutual benefit. The two collaborations are expected to be leveraged for innovative and lightweight solutions. Story by: Deven Lad Anand Group is not new to alliances having established the first business venture (erstwhile Gabriel India) in alliance with Maremont Corporation for the manufacture of shock absorbers at a facility in Mulund, Mumbai.[Read More…]
Flash Electronics partners two European companies for technical integration with an aim to boost EV revenues by 2025. Story by: Deven Lad Pune-based Flash Electronics manufactures an estimated 150 products across the spectrum of electrical and electronics, components pertaining to e-mobility besides catering to mechatronics and conventional gears and transmissions. Expecting to generate 10-15 per cent of revenues from EVs[Read More…]
Off-Highway tyre manufacturer, Balkrishna Industries Limited (BKT) has partnered with LaLiga to attract its existing and potential customers over football. Story by: Bhushan Mhapralkar Taking pains to find out that its customers watch football in their spare time, BKT found it suitable to link up with Laliga. As the men’s top professional football division of the Spanish football league system,[Read More…]
