10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
Government

SC directed Uber India to apply to the Maharashtra government for valid licences

The Supreme Court of India directed Uber India to apply to the Maharashtra government for valid licences to continue operations in the state by March 6. The state government has two weeks to make a decision on Uber’s application.

Furthermore, the court has directed the state government to develop an appropriate policy for cab aggregators in accordance with the Centre’s guidelines. The Supreme Court added that the Motor Vehicle Aggregator Guidelines 2020 would hold the field for the time being. Uber is currently operating in Maharashtra under a provisional aggregator licence granted by the Bombay High Court in March 2022. The bench led by the CJI also chastised the Maharashtra government for the uncertainty.

by INC42

SUMMARY Ola Electric said that its 4680 Bharat Cell is based on the “most advanced” dry electrode technology in a cylindrical form factor, and surpasses the pouch cell technology mentioned in the reports A South Korean publication recently claimed that an unnamed former LG Energy Solution executive attempted to pass on the IPs to Ola Electric to create “Bharat cell” The statement by the homegrown EV manufacterer added that “the fear of losing market opportunities, including a significant customer in Ola Electric, is prompting the… Source link

by INC42

SUMMARY Ola Electric now intends to scale its capacity to 20 GWh by the second half of 2027 on the back of its new hero product – battery energy storage system While the “EV + energy” combo has potential in the long term, the EV maker would need to make investments and market the new product, further putting strain on its bottom line Ola Electric’s early years were about growth and EVs, but the tanking stock price has made it turn its focus to addressing quality issues and foraying into new segments to turn… Source link

by INC42

SUMMARY Euler Motors managed to cut losses on the back of its growing top line which grew 12% to INR 191.3 Cr in FY25 from INR 170.8 Cr in the previous fiscal year The startup’s core revenue channel, sales of vehicles remained strong for the year under review contributing to about 90% of the total operating revenue at INR 173.1 Cr in FY25, up 22% from INR 142 Cr in the previous year Founded in 2018 by Saurav Kumar, Euler Motors manufacturers E3W and E4W, catering to the logistics sector of the country EV manufacturer Euler… Source link