MG Motors will launch an affordable electric vehicle in the range of $16,000, which will qualify for the subsidy under the Indian government's FAME or Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme. The company will also introduce the Indian automobile market to a new variant of ZS...
India’s Ola Electric Mobility Raises $56 Million
Bangalore, India -based Ola Electric Mobility Pvt. Ltd raised $56 million from existing investors New York City's Tiger Global Management and San Francisco's Matrix Partners' subsidiary in India. Ola Electric Mobility is a division of cab aggregator Ola which plans to launch 10,000 three-wheeled and other electric vehicles on Indian...
India Defense Startup Bags $100 Million Peruvian Contract
Tonbow Imaging, a Bangalore-based startup has signed a $1million contract to manufacture and export ‘night-vision sights’ for guns which will then be sold by a U.S. company to the Peruvian army. The device will be fitted on rifles supplied to Peru by U.S. manufacturer Unified Weapon Systems Inc. (UWS). The...