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EV STARTUP RIVER
EV founders say PLI Auto needs an overhaul, leaves startup at a disadvantageElectric vehicle startups are pushing back against the current production-linked incentive (PLI) scheme for automobiles, arguing its string...- Startups seek digital gold rules; IT firms bet on freshersHappy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Mornin...
- ICRA cuts Ola Electric's rating as competition, poor brand perception hit performanceOla Electric Technologies faces a downgrade from ICRA due to declining sales, persistent losses, and delayed profitability. Despite efforts...
- Yamaha bets on premium, electric push for India turnaroundYamaha Motor aims for a comeback in India by focusing on premium motorcycles and scooters. The company will launch ten new models, includin...
- Power electronics startup Dynolt Technologies raises Rs 14.7 crore from Transition VCWith the new capital, Dynolt Technologies intends to expand its footprint in mobility by developing higher-power chargers using wide bandga...
- TCS Q1 results; Pine Labs, Swiggy valuations slashedIndian IT bellwether TCS kicked off the tech earnings season with a 9% YoY growth in net profit for the June quarter. This and more on toda...
- River Mobility plans Rs 1,000 crore investment in new EV manufacturing facilityRiver Mobility is planning a Rs 1,000 crore facility in Telangana to manufacture 5 lakh vehicles annually. They are discussing land options...
- EV startup River, battery firm IBC to invest in rural Bengaluru districtBengaluru's River and International Battery Company's investments in Bengaluru rural district to create jobs and revolutionize electric mob...
- Paytm CEO meets RBI officials; Nykaa doubles Q3 profitIn an attempt to address regulatory concerns, Paytm founder and CEO Vijay Shekhar Sharma, along with the firm's executives, met officials o...
- Dubai and India accelerate sustainable mobility ahead of COP28
- ETtech Deals Digest: Startups raised just $86 million this weekNew-age companies mopped up just $86 million this week across 17 rounds, recording a sharp fall of 58% from the same period last year, acco...
- EV startup River raises USD 15 mn in funding round led by Dubai-based Al Futtaim GroupBengaluru-headquartered EV startup River on Tuesday said it has raised USD 15-million capital in a funding round led by Dubai-based Al Futt...
- Meet River Indie: The SUV of scooters with a price tag of Rs 1.25 lakhThe River Indie has top speed of 90 km/h and as per its makers can rush from zero to 40 km/h in 3.9 seconds. Its 4 kWh battery claims to of...
- Electric scooter-maker River eyes sales of one lakh units by 2025The startup, founded by Aravind Mani and Vipin George, plans to touch a volume of one lakh units in the next two years.
- EV sector hiring set to gain momentum next yearHiring in the sector is seen growing by 40-50% in the next 6-12 months as companies look to strengthen their teams across functions to cate...
- Indian EV startup River gets $11 million from Chris Sacca’s Lowercarbon Capital, Toyota VenturesWith this funding, River plans to expand its team, invest in R&D, set up a manufacturing facility and get its first product ready for sale ...
- EV manufacturer Revamp Moto raises over $1 million in fundingRevamp plans to use the funds for hiring, product development and meeting the rising demand for mobility vehicles.
- Thought leaders discuss how India-UK collaboration can usher in major breakthroughs in auto sectorIndia’s engineering strength combined with UK’s tech prowess will be trying to get breakthroughs in the auto sector for a sustainable futur...
- EV startup Rivian could be worth nearly as much as Honda in US IPOOnly three other companies have raised more than $8 billion while going public since 2011, according to data from Dealogic. Alibaba raised ...
- EV startup Rivian could be worth nearly as much as Honda in US IPORivian — the Amazon-backed EV startup that rivals Tesla — is looking to raise up to $8.4 billion, setting it up to be the third-largest IPO...
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