About 50,000 people will lose their jobs at Volkswagen in Germany by the year 2030. This led to layoffs at a number of different companies, including Porsche and Audi. The decision is made as the automaker faces dwindling earnings, increasing expenses, and fiercer competition in the electric vehicle industry.
Institutional deal worth ₹9.8 crore executed at ₹280 per share. Company valued at ₹716 crore by market capitalisation.
Ola Electric introduced its 'Ola Insiders' community initiative on March 1st, catering exclusively to its 10 million riders nationwide. Vehicle upgrades, add-ons, and referrals are just a few of the perks that community members can achieve through the campaign. A statement from Ola Electric stated that consumers can
In response to decelerating demand and declining market share, Ola Electric is allegedly preparing for yet another massive reduction in its physical store footprint. Several news agencies have reported that by the end of March, the corporation plans to reduce its shop network to approximately 550 stores. Following a previous
On February 19th, The ePlane Company—a domestic manufacturer of eVTOL planes—announced a partnership with Nvidia to construct the e200x, the country's first electric air taxi. The partnership is centred on the sharing of knowledge and does not include any financial aspects. A digital twin of the
Exponent Energy, a Bengaluru-based energy-tech company, announced a 360-degree fintech and asset management business venture, Exponent One, aimed at addressing a key barrier to scaling commercial EV adoption: access to viable financing. Financing and mobility veteran Sandeep Divakaran will helm the new venture as Co-founder and CEO. Exponent Energy has
With the introduction of its subsidiary 'Exponent One,' the electric vehicle quick-charging startup Exponent Energy has entered the electric vehicle financing area. Now it will provide funding options to commercial EV operators. Venture capital firm AdvantEdge has invested $2 million (about INR 18.2 crore) in Exponent Inc.
To combat the country's dismal sales performance, electric vehicle (EV) giant Tesla India announced a number of new efforts, including an EMI programme, on February 3. Electric vehicles are replacing petrol and diesel vehicles, and Tesla is giving a 3 lakh Indian rupee (INR) exchange bonus to clients
Ola Electric, based in Bengaluru, announced on 30 January that it would lay off about 5% of its employees as part of a reorganisation meant to increase automation and boost profitability. An electric two-wheeler manufacturer financed by SoftBank has said that it is "doubling down" on discipline and
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StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and discuss their vision for the future. In this edition of Recap’25, StartupTalky speaks with S Raghav Bharadwaj, Founder & CEO of Bolt.Earth,
In order to meet the growing demand for the Chinese automaker's electric vehicles, BYD Co. is considering possibilities to expand in India, including local assembly. Due to import limits, the company is considering local assembly in India and is seeking to get local safety and regulatory approvals for
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StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and discuss their vision for the future. In this edition of Recap’25, StartupTalky speaks with Himanshu Arya, Founder & CEO of Luxury Cart, who
Chargeup, a driver-first EV technology platform, has raised INR 22 crore in a funding round led by IAN Group, with participation from Cap-A and existing investors. The fresh capital will be used to expand operations in high-demand EV markets and strengthen Chargeup’s technology platform for drivers, NBFCs and ecosystem
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StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and discuss their vision for the future. In this edition of Recap’25, StartupTalky speaks with Pushpank Kaushik, CEO & Head of Business Development (Subcontinent,
EV as a service platform raises INR 12.25 crore in equity + debt funding from Recur Club. Also saw participation from Thyrocare’s Dr. A. Velumani, Aditya Singh of All In Capital, and LetsVenture’s Pranav Mahajani Hala Mobility, India’s leading EV as a service platform, has secured a
Ikea, a Swedish furniture store, declared that it will begin shipping items online in Tamil Nadu from January 22. EV-powered doorstep deliveries will begin in Chennai, Madurai, Coimbatore, and Salem, giving clients access to more than 6,400 options for home furnishings. The company's Bengaluru distribution network will
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StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and discuss their vision for the future. In this edition of Recap’25, StartupTalky speaks with Kunal Arya, Co-founder and MD of Zelio E-Mobility, who
Roadgrid raises ₹12 Crore in a Pre-series A round from Inflection Point Ventures and other investors. The round marks a significant milestone in RoadGrid’s mission to create India’s largest and most accessible EV charging ecosystem. The round saw participation from a strong group of strategic and angel investors,
On 14 January, Ola Electric declared that its 4680 Bharat Cell platform would be expanded. As part of the effort, companies and startups can now buy the 1.5 kWh 4680 Bharat Cell battery pack or the 4680 Bharat Cells directly for use in portable medical devices, humanoids, automobiles, and
Japanese investment giant SoftBank Group has once again trimmed its stake in Indian electric two‑wheeler maker Ola Electric Mobility Ltd. According to a regulatory filing, SoftBank’s investment arm, SVF II Ostrich (DE) LLC, sold a 2.15% portion of its holding in the company across a series of
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StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and discuss their vision for the future. In this edition of Recap’25, StartupTalky speaks with Nirmal Reddy, President of ETO Motors, who reflects on
Ola Electric announced on 30 December that the International Centre for Automotive Technology (iCAT), Manesar, has certified its flagship electric motorcycle, the Roadster X+ (9.1 kWh), which is powered by an indigenously developed 4680 Bharat Cell battery pack, in accordance with the Central Motor Vehicle Rules (CMVR), 1989. With
According to news reports, JBM Group, which has its headquarters in Gurugram, has signed an exclusive agreement to purchase the bulk of GLIDA, the Finnish state-run energy company Fortum Oyj's Indian electric vehicle (EV) charging network. With the transaction, the third-largest Nordic power firm will completely leave India,
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StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and discuss their vision for the future. In this edition of Recap’25, StartupTalky speaks with Bharat Bala, Builder & Chief Electric Officer of AMP,