Author: News Desk

Ola Electric may finally introduce its first electric car in the country.The company’s CEO, Bhavish Agarwal, has said that the company will introduce a new product on August 15. Agarwal had earlier teased the car and even shared a render, giving us our first look at the electric car.

Adani Enterprises arm Adani Road Transport Ltd will acquire a 100% stake in Andhra Pradesh toll roads portfolio (STPL) and 56.8% stake in Gujarat toll roads portfolio (GRICL), from Macquarie Asia Infrastructure Fund (MAIF).ARTL will acquire 56.8% in GRICL and 100% stake in STPL subject to regulatory approval. The transaction is expected to close in September this year.

https://youtu.be/Vb6rIStPPSo Pakistan’s star startup announced its shutdown on July 12, 2022. The announcement surprised the country, hundreds of Pakistani startups and even the startup evangelists in India. This came as a shock as ‘Airlift’, the same startup that raised more than Rs 500 crores a year ago, suddenly announced its shut down. Airlift’s founders were Usman Gul, Meher Fahrukh and Ahmed Ayub. Within a year or two, the trio became the poster boys of Pakistan’s startup ecosystem. ‘Airlift’ was an Uber-like bus service. In 2020, Covid-19 messed up everything for them. Two questions stood before them: Should the company go ahead when…

The launch of 5G services by Prime Minister Narendra Modi will happen on September 29 and not on Independence Day as planned earlier. The launch will coincide with the opening ceremony of India Mobile Congress (IMC) 2022. The PM has already inaugurated the country’s first 5G testbed on May 17, which would enable start-ups and industry players to test and validate their products locally and reduce dependence on foreign facilities.

https://youtu.be/MM21vMblqsw Two-wheeler startup ‘River’ gets $11 million funding Lowercarbon Captial and Toyota Ventures invested in River. The funding will be used for expanding the team, and R&D. The company also plans to set up a manufacturing facility. The startup so far received $13 million in funding. It raised its seed round of $2 Mn in March 2021 Israel-based Maniv Mobility and San Francisco-based Trucks VC did that investment. River is a Bengaluru-based electric two-wheeler startup.

EV sales in India may hit 5 cr by 2030. Says a study by the JMK Research & Analytics. The surge will not be caused by private cars. Public and shared mobility will lead the early wave .Last-mile connectivity services too will contribute. EV sales penetration of two and three-wheelers will be 80% by 2030. However, inadequate infrastructure support could be a concern.

Nikita Agarwal believes in sustainability. The Siliguri-based entrepreneur realised the shortage of sustainable decor while redecorating her house. She wanted to decorate her house with interiors made from bamboo or jute, but could not find apt products in her neighbourhood or online. This encouraged her to start Idhiyaan Handicrafts, a sustainable products store, in October 2019. Here is the story of Idhiyaan Handicrafts The bootstrapped startup works under Suvnik Concierge Services Pvt Ltd and sells jute rugs with cane baskets and boxes. The shop also has a Facebook group called ‘Handicraft Buyers and Sellers’ where sellers showcase their products. The place gives…

5G in India is all set to become a reality now that the spectrum auctions are done with. However, with telcos buying large capacities of spectrum, price hikes could be imminent. Executives from telcos said the three private-sector carriers can launch 5G services in some circles by early October. Given that the government has assured to allot airwaves by the middle of August. According to reports, 13 cities across the country will get 5G in the beginning. These 13 cities are Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jamnagar, Kolkata, Lucknow, Mumbai and Pune.

Maruti Suzuki India (MSI) retains top spot in India’s passenger vehicle segment, in terms of dispatches to dealers in the country. The latest data from the Federation of Automobile Dealers Associations (FADA). Maruti managed to dispatch 1,42,850 units in July 2022. Hyundai placed itself as India’s second-largest player in the passenger vehicle segment. Hyundai managed to sell 50,500 units last month. Mahindra sold 28,053 units last month. Toyota registered a 50% yearly increase in July sales with 19,693 units sold.

EV firm Komaki introduced fireproof batteries in India. The lithium-ion ferro phosphate batteries will be available from next month. Its cells contain iron, making the batteries safe from fire. A mobile app will notify about the battery health. Recent fires in electric two-wheelers have brought down the sales. The fire-resistant battery might be able to remove that fear. This will establish Komaki as a trusted brand in the EV market.