Author: News Desk
Ather Energy, a maker of electric two-wheelers with headquarters in Bengaluru, has raised 400.6 (about $ 50 million) in a new investment round that was co-led by Herald Square Ventures and an existing investor, Caladium Investment. According to VC Circle, Caladium Investment invested 400 crore in Ather Energy and will receive 51,276 CCPS with a face value of 10 and a premium of 77,998 in exchange. Ather, a company that develops and sells electric scooters, was founded in 2013 by Tarun Mehta and Swapnil Jain. Its most well-known model is the Ather 450x.In September, the business sold 7,435 electric scooters…
India and Saudi Arabia embark on a cross-country mission carrying on the wave of a new era of energy diplomacy, the Gujarat coast may soon connect up with the Middle East via deep sea cables, creating a green energy grid. In order to lay the groundwork for the visit to India by the Saudi Prime Minister and Crown Prince Mohammed bin Salman next month, Saudi Energy Minister Prince Abdulaziz bin Salman will spend the entire day on Friday in New Delhi. Beyond oil exports, informed sources indicated that both sides are likely to spark discussions about an undersea cable for…
IIT Madras develops a new technology called ‘iTad’. This new touchscreen technology let users feel the texture of images. This is useful while purchasing products from the e-commerce sites. Feeling the texture of the product will help in decision making. About 30 per cent of returns in online shopping happens due to the mismatch of user experience. The researchers collaborated with Merkel Haptics for the study. ITad can also be helpful for the visually-challenged persons.
North East Entrepreneurship Development Program is an initiative from North Eastern Council (NEC) in collaboration with IIM Calcutta Innovation Park. As a part of this program, 270 entrepreneurs (120 early revenue + 150 idea/prototype stage) will be selected from 8 North Eastern states and will be provided incubation/pre-incubation support, mentorship and financial grants. Details of grant – 3 Lakhs for 120 entrepreneurs in incubation, 1 Lakh for 150 entrepreneurs in pre-incubation. Additional 7 Lakhs for top 20 in incubation, additional 4 Lakhs for top 25 in pre-incubation.
At Gitex Global 2022, the flying bike Xturismo presented by Japanese company Arewins Technologies wowed the audience. The hoverbike was showcased at the world’s largest technology event at the Dubai World Trade Centre. The single-seater flying bike costs $777,000 (roughly Rs. 6 crore 39 lakhs). This hover bike has a weight of 300 kg and a maximum payload of 100 kg. It has a speed of 80 to 100 km per hour and a range of 40 km. This hover bike has an internal combustion + battery model. The bike with remote navigation, auto steering and autonomous control system is…
Bengaluru airport to showcase the city as the garden city. The second terminal of the Kempegowda International Airport will feature this. The terminal will be inaugurated on November 11 Prime Minister Narendra Modi will inaugurate the terminal. The estimated cost of the first phase of the second terminal is Rs 13,000 crores. It will have a built-up area of about 2.5 lakh square meters. The second phase will have 4.41 lakh square meters. The first phase is expected to serve 25 million passengers in one year.
Ras Al Khaimah Economic Zone to host Business Exchange Programme in Kochi Kochi: Aimed at facilitating entrepreneurs from Kerala to explore business opportunities in Ras Al Khaimah, the United Arab Emirates, Ras Al Khaimah Economic Zone (RAKEZ) is organising a business exchange programme in Kochi, Kerala on October 27 and 28. The event, being hosted in association with the Kerala Startup Mission, various industrial organisations and Channeliam.com, will take place at the Kerala Startup Mission’s Integrated Complex in Kalammasery. A delegation of company set-up experts from RAKEZ will interact with around 100 founders, entrepreneurs and business owners from select sectors…
The world’s tallest hotel in Dubai to complete construction in 2023. Ciel, located in Dubai Marina, will overtake Gevora Hotel. Gevora Hotel, located in Sheikh Zayed Road, is 356 meters high. Ciel Tower is 365 meters high. Ciel is designed by London-based architect NORR. It will have more than 1,000 rooms. The 81st floor will have a glass observation deck. Signature rooftop Sky Terrace and infinity Pool are other attractions. Ciel Tower also offers hotel rooms for sale. Thus, it will be Dubai Marina’s one of pricier investments.
At the Shell Eco-Marathon (SEM) 2022 International Energy Efficiency Competition, an electric car created by engineering students at Government Engineering College Barton Hill in Thiruvananthapuram, Kerala, won an award and received an honourable mention. The Pertamina Mandalika circuit in Indonesia recently hosted it. Under the guidance of Acsia Technologies, Pravega, a group of 19 college students studying mechanical engineering, created the electric vehicle known as “Vandy,” which won the competition against many other entries from around the world. An official release claims that on the occasion, “Vandy” received an Honorable Mention for the International Award for Technical Innovation and the…
The largest artillery manufacturing plant in the world, with a daily production capacity of one cannon, is being built in India by the Pune-based Kalyani Group. The Kalyani Group Chairman, Baba Kalyani, confirmed the news during DefExpo22 in Gandhinagar, stating that the company has already made the necessary financial expenditure and is now aiming to increase the volume. He asserted that Kalyani Group has the technology to create lighter firearms with the same amount of firepower as large firearms, and that such firearms are in high demand worldwide.While this was going on, General Atomics, US, a world leader in the…