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UBER BIKE TAXI EXPANSION
Lenskart Q1 profit jumps; Tata stocks tumbleLenskart posted a strong first quarter, with profit nearly quadrupling. This and more in today's ETtech Top 5.- Uber takes bike taxis to 100 more cities in India as Rapido rivalry intensifiesThe expansion, spread across 18 states and one Union territory, will initially be driven by Uber Bike, the company’s two-wheeler offering. ...
- Logistics platform Porter logs Rs 229 crore in profit for FY26 as revenue risesPorter’s operating revenue rose 54% to Rs 6,649 crore in FY26, marking its fifth consecutive year of over 50% growth. Net profit nearly qua...
- Electric mobility startup Yulu raises $93 million in equity, debt to expand EV fleetThe Bajaj Auto-backed company said it will increase its active fleet to 200,000 electric vehicles over the next two years, expand service h...
- TSMC approves $29.44 billion capital budget for capacity expansion amid AI demandTaiwan Semiconductor Manufacturing Co. (TSMC) approved a capital budget of about USD 29.44 billion for expansion amid the ongoing artificia...
- Air taxi firm Joby acquires defense tech company for $500 millionElectric vertical take-off and landing aircraft (eVTOL) companies are focusing more on the military market as commercial development has ta...
- Boeing to divest tech ventures for stake in air-taxi startupBoeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup...
- Archer Aviation shares jump nearly 10% on deal to acquire Boeing’s Wisk, two other unitsArcher Aviation shares surged after agreeing to acquire Boeing's Wisk Aero and two other units. This strategic acquisition grants Archer ac...
- Aretto targets 100 retail touchpoints as India kids’ footwear brand plots global expansionAretto targets over 100 retail touchpoints by fiscal 2027. The Indian kids' footwear brand is shifting to omnichannel and international mar...
- Highways ministry working to reduce road accident fatalities to zero: Nitin GadkariIndia aims to achieve zero road fatalities by targeting 100 high-accident districts. The government plans to halve road accidents and death...
- India aims to see electric air taxis fly by 2028, testing to gather pace next year: Union Civil Aviation MinisterIndia aims for electric air taxis to fly by 2028, with testing accelerating next year. Electric vertical take-off and landing aircraft offe...
- New York City issues cease-and-desist notices to Amazon, Walmart, Target over illegal e-bikesNew York City has ordered forty-two online retailers to stop selling illegal e-bikes. These devices allegedly exceed speed and safety limit...
- Shiprocket trims IPO size; Google's AI leadership shake-upShiprocket is set to launch its IPO after lowering its issue size. This and more in today's ETtech Top 5.
- Chalet Hotels launches Athiva brand in Hyderabad and Pune business districtsChalet Hotels is adding two new hotels under its ATHIVA brand. These new developments will add 150 keys in Hyderabad and 231 keys in Pune. ...
- Former Uber executive Gautam Gupta joins Travis Kalanick's robotic startup Atoms as CFOGautam Gupta has joined Travis Kalanick's autonomous technology startup Atoms as chief financial officer. Gupta's association with Kalanick...
- Bhartiya Hospitality, EIH partner to build 20 uber-luxury resortsBhartiya Hospitality and Oberoi Group will partner for twenty luxury resorts. These resorts will be developed across India and internationa...
- Uber shares drop 6% as weak forecast overshadows strong bookingsUber’s strong second-quarter growth was overshadowed by a weak outlook, sending shares down 6% as the company ramps up autonomous-vehicle i...
- China's WeRide enters Denmark, extending European footprintEurope has emerged as a key growth market for China's autonomous driving companies, following an earlier push into the Gulf region, as th...
- Bengaluru techie turned Rapido driver to clean debts and realises bitter truth about an 'invisible' section of society: 'We often complain...'A tech professional recently revealed on Reddit how he was made to work as a Rapido driver to pay off credit card bills and how misbehaviou...
- Ownly eyes multi-city expansion as Swiggy, Zomato backlash growsOwnly has onboarded around 25,000 restaurants so far and is seeing an average order value (AOV) of Rs 200-220, roughly half that of incumbe...
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