Uber, headquartered in San Francisco, California, has invested $10 million in Carrum Mobility, a fleet management startup based in Gurgaon, Haryana in the Delhi National Capital Region. The Series B round values Carrum at $168 million, nearly tripling the roughly $63 million valuation the company carried after Uber's first $7...
India’s Ola, Siemens, to Build Advanced EV Manufacturing Hub
Bangalore-based Ola, will partner Siemens to build its upcoming electric vehicle manufacturing facility. The announcement follows Ola's MoU with the government of the southern state of Tamil Nadu to invest $300 million toward building the manufacturing unit. With an initial capacity of 2 million electric scooters per year, the facility...
Ola plans to manufacture electric scooters in India
India’s largest taxi-business Ola is planning to projectile their business of vehicle manufacturing while keeping an eye on future prospects of electric vehicles. The company reportedly engaged the government from multiple states with a proposal to set up the world’s largest vehicle manufacturing facility. As per the latest reports, Ola is seeking to have 100...
Uber is hiring hundreds of engineers in India
Uber said it is working to hire 225 engineers in India, strengthening its tech team in the key overseas market. The ride-hailing firm, which competes with Ola in India, said it has hired Manikandan Thangarathnam, who spent nearly 13 years as a director of engineering at Amazon, to lead the company’s rider and...
India's Ola Launches in London
There are 27 unicron startups from India, each worth over a billion dollars. At least two of them have expanded beyond India's shores, Oyo which provides hotel rooms and Ola, a ride sharing service. While Ola has expanded to a number of countries recently, it just seized upon its biggest...
India is Home to 27 Unicorn Startups
Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...