Go Digit, an Indian insurance startup, has raised $141 million from dozens of investors as part of an initial public offering that starts on Wednesday. Fidelity, Goldman Sachs, […]
India’s electric two-wheeler startups surge to over 150 players as government revs up EV push
The number of startups in India’s electric two-wheeler market has surged to over 150 from 54 in 2021, driven by government incentives to promote clean vehicles and cut […]
Ola founder’s AI startup becomes unicorn in $50M funding
Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, said it has raised a funding round that values it at $1 billion. The startup, founded last year, […]
International Battery Company powers up with $35M funding to bridge EV gap in India
International Battery Company, a startup developing lithium-ion battery cells for electric vehicles, has raised $35 million as it plans to bridge the demand-supply gap in the growing EV […]
Vietnam EV maker VinFast plans $2 billion investment in India
VinFast, Vietnam’s electric vehicle manufacturer, plans to initially invest $500 million to set up an integrated facility in India and break into the world’s third-largest automobile market. The […]
Peak XV-backed MobiKwik seeks to raise $84 million in India IPO
Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in […]
Cruise hits the brakes on driverless, UAW makes progress and more EV backpedaling
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for […]
Temasek and SBI pour $384 million into India’s Ola Electric
Ola Electric said on Thursday that it has raised $384.43 million in a funding round. What the Bengaluru-headquartered electric vehicle startup — which supposedly has no ongoing relationship […]