[ad_1] Ultraviolette Automotive, the Bengaluru-based electric vehicle startup, is gearing up for an initial public offering (IPO) within the next two to three years. Co-Founder and CEO Narayan Subramanyam said the company aims to raise between $400-500 million through the public listing to support its ambitious expansion plans. The company is set to diversify its […]
Ather Energy files updated IPO papers valuing itself at ₹14,000 crores – CNBC TV18
[ad_1] Electric two-wheeler maker Ather Energy has re-filed for its initial public offering (IPO), and CNBC-TV18 learns that this fundraising exercise will peg its valuation at around ₹14,000 crores. Sources say Ather plans to raise ₹3,700-4,000 crore. This will be through a mix of primary and secondary share sale. Ather’s IPO was initially planned for […]
Overdrive: BYD Sealion7’s range & Aprilia Tuono 457’s power unveiled – CNBC TV18
[ad_1] Overdrive brings you an in-depth review of BYD’s latest SUV in India – the Sealion7. Alongside, it takes a first ride on the newest iteration of the Aprilia Tuono 457 to explore what’s new in this exciting motorcycle. BYD Sealion7: A game-changer in the EV market BYD is making strong strides in the Indian […]
Sharers of Ola Electric extend their fall as brokerages cut their target prices – CNBC TV18
[ad_1] Foreign brokerages including Goldman Sachs and Citi reduced their target prices on Ola Electric Mobility after lower-than-expected performance in the December quarter. The net loss of the electric vehicle manufacturer widened during the quarter to ₹564 core, against ₹376 crore reported a year ago. Company Value Change %Change While Citi revised its 12-month target […]
Exclusive | Zypp Electric looks to double Series C fundraise to $50 million: Sources – CNBC TV18
[ad_1] Delhi NCR-based electric two-wheeler rental startup Zypp is learnt to be in talks to more than double its Series C round to $50 million. Sources tell CNBC-TV18 that Zypp Electric has already secured $10 million from Nuvama Wealth & Investment and $10 million from a US-based VC. It has since approached other domestic investors […]
RAIN Industries and Northern Graphite partner to develop graphite battery anode material for EVs – CNBC TV18
[ad_1] RAIN Industries Ltd on Wednesday (October 9) said Northern Graphite Corporation and RAIN Carbon Inc have signed a Joint Development Agreement (JDA) to collaboratively develop and commercialise advanced battery anode materials (BAM) for lithium-ion batteries, targeting the electric vehicle (EV) market. RAIN Carbon Inc. is a wholly owned subsidiary of RAIN Industries Ltd. Under […]
Karnataka govt plans new electric vehicle policy with tax exemptions and incentives: sources – CNBC TV18
[ad_1] The Karnataka government is reportedly drafting a new electric vehicle (EV) policy aimed at boosting the state’s clean mobility sector over the next five years. The proposed policy, according to sources, includes significant incentives for both consumers and manufacturers in an effort to position Karnataka as a leader in the EV industry. A key […]
Exclusive interview | Oil Minister Hardeep Singh Puri: Green hydrogen is future fuel – CNBC TV18
[ad_1] Hardeep Singh Puri, Minister of State for Petroleum and Natural Gas, provided a comprehensive overview of the current energy landscape, at the India Energy Transition Summit. The minister welcomed the recent fall in crude oil prices and OPEC’s decision to avoid further production cuts, which provide relief to major oil-importing nations like India. Puri […]
Indian market a beacon of high growth for Korean investors: Ark Impact’s Alan Kim – CNBC TV18
[ad_1] Alan Kim, Partner at Ark Impact Asset Management, has been managing substantial investments in Korea and believes that India presents an exciting opportunity for high growth, especially compared to the Korean market. Speaking to CNBC-TV18’s Nimesh Shah on the sidelines of the Motilal Oswal 20th Annual Global Investor Conference, Kim stated, “For Korean investors, […]
Tata Motors ramps up its electric SUV play with Curvv – here’s an in depth review – CNBC TV18
[ad_1] The electric vehicle market in India is abuzz with new launches, and Tata Motors has launched its latest contender—the Curvv EV. This mid-sized electric SUV, priced at ₹17.49 lakhs, enters a competitive segment where it will face off against established players like the MG ZS EV which is priced in the ₹18 lakh to […]