Ather Energy Receives ₹900 Crore Funding from Hero MotoCorp, GIC

Bengaluru-based electric vehicle (EV) startup Ather Energy has successfully secured ₹900 crore (approx $108 million) from its existing shareholders Hero MotoCorp and GIC through a rights issue. Hero MotoCorp, which already holds a 33.1% stake in Ather Energy, has committed to investing up to ₹550 crore (approx $66 million) in the EV startup’s rights issue….

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India: EVs Getting an eCommerce Push

Strong demand from eCommerce companies and consumer goods manufacturers and suppliers is giving a much-needed fillip to the electric vehicles industry in India, more specifically the two-wheeler and three-wheeler segment. Companies such as HUL, Swiggy, Coca-Cola, Zomato, Amazon, Flipkart, BigBasket and Amul are among a host of big players that have either switched to EVs…

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The Buzz Around EVs Travel on Two-Wheels

Contrary to popular belief, the world’s electric vehicle revolution is not being driven by the Teslas or other big brands in the passenger car segment. If anything, the shift from fossil fuels to more sustainable forms of transportation could be arriving on two-wheels, which incidentally accounts for close to a third of global mobility. Though…

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