Author: News Desk

BYD, has entered the India book of records with the e6 EV, having covered 1,000km on a single charge. The BYD e6 covered over 2203km from Mumbai to New Delhi, covering 9 cities across 4 states. To date, the BYD e6 covered a total of 47,957,202km across India with its partners. It is equivalent to 10,883 round trips from Mumbai to Delhi. The e6 is priced at Rs 29.15 lakh. The 70kWh electric motor in the BYD e6 produces 94 bhp and 180 Nm of peak torque. It has the capability to reach a top speed of 130 kmph.

Contemporary Amperex Technology Co.Ltd (CATL) unveiled a new electric car battery. It is named ‘Qilin’ after a mythical Chinese creature. The battery has a range of over 1,000 km on a single charge. CATL is a Chinese EV battery maker. Also, the world’s biggest EV battery maker CATL claims Qilin is faster, safer and more durable than other batteries. It has an energy density of up to 255 watt-hours per kilogram.

Pine Labs acquires Setu for $70-75 million.Setu is a fintech infrastructure provider .It was launched by Sahil Kini and Nikhil Kumar in 2018.It lets users safely share their financial data. It can be used for billing, savings, credit, and payments.The acquisition is a strategic move to strengthen Pine Labs.

Pushpa actor Rashmika Mandanna invests in Plum Thane-based Plum is a vegan beauty and personal care brand. Rashmika also became Plum’s brand ambassador. Details of the investment are unknown. Plum aims to improve its presence among Gen Z and millennials. It had recently raised $35 Mn in a funding round by A91 Partners.

Uber dismisses a report that claimed uber planned to exit the Indian market and held discussions with potential buyers to sell its India business. Uber competes with SoftBank-backed Ola in the country. Uber aims to expand its engineering talent in India to more than 1,000 people from 700 at present. To remove frustration for riders and drivers alike, the company is also showing trip destinations to drivers before they decide to accept the ride. To make the cash or online decision irrelevant, the company has also introduced a daily pay process for drivers.

Hindustan Motors Ltd on Tuesday said it has agreed to sell its ‘Contessa’ brand to SG Corporate Mobility Pvt Ltd. The sum is undisclosed. The company has executed a brand transfer agreement with SG Corporate Mobility Pvt Ltd on June 16, 2022 for the transfer of the Contessa brand. It includes the trademarks having application number and certain related rights of the brand. The transfer of the brand shall be effective upon fulfilment of the terms and conditions as prescribed in the agreement.

Ferrari plans to launch around 15 new cars by 2026. It will be the brand’s first pure electric vehicle. It will also include a new range-topping supercar and several additions to the Icona series. Ferrari currently has four model lines in series production – the Ferrari Roma, Ferrari 812 Superfast, Ferrari 296 GTB and Ferrari SF90 – in a 50-50 mix of pure-combustion and hybrid models. Ferrari’s first pure-electric car is claimed to leverage “strong commonalities with the internal combustion engine”.

Bengaluru attempts to strengthen e-mobility. The city will receive 150 new EV charging stations. Bangalore Electricity Supply Company Ltd (BESCOM) will install them. This will be carried out in the next six months.BESCOM already operates 136 EV chargers in Bengaluru. It collaborates with National Thermal Power Corp (NTPC) and Rajasthan Electronics and Instruments Ltd (REIL). As of Apr 2022, Bengaluru has over one lakh EVs. It is projected to touch two million by 2030. Bengaluru aims to be a ‘global EV lighthouse city.’

Adani added $72.5 billion to his wealth in just 2021-22. Still, The Adani group is neck deep in debt. The Adani Family to donate Rs 60,000 crore for social causes. Gautam Adani dropped out of college to chase entrepreneurial dreams. He became a self-made millionaire at the age of 20. He owns a Rs 400-crore property in Delhi called Adani House. He cracked a Rs 6,000 crore deal in just 100 hours. The Adani group owns India’s largest private port. He was the first to have thought of the port-rail linkage policy.

SaaS platform LeadSquared has become India’s newest unicorn. With fundraise of $153 million (around ₹1,194 crore) from WestBridge Capital in a Series C round. LeadSquared is the sixth Indian startup to enter this elite club this year and the sixteenth startup to do so overall. LeadSquared is founded by Nilesh Patel, Prashant Singh, and Sudhakar Gorti in 2011. It is a sales automation platform, which helps more than 2000 organization globally to drive sales efficiency.