SoftBank-backed Ola Electric’s initial public offering will open for retail subscriptions on Aug. 2, the Indian electric scooter maker said on Saturday, valuing the company at $4.2 billion to $4.4 billion, according to two sources. According to the final IPO prospectus, the offering for retail subscriptions, which opens to institutional investors one day earlier on … Read more
Bengaluru-based electric vehicle manufacturer Ather Energy has officially started production of the much-awaited Ather Rizta electric scooter. Deliveries will begin in July and represent an important milestone for the company. The announcement was made by Tarun Mehta, Co-Founder and CEO at X. The Rizta was launched in April this year and is available in two … Read more
Chinese smartphone maker Xiaomi launched a Porsche-style electric sports car on Thursday for less than Tesla’s Model 3. This highlighted the strong competition from new entrants in the crowded Chinese electric vehicle market. During the two-hour event, Xiaomi CEO and founder Li Jun told a packed room that included the bosses of Chinese electric car … Read more
New Delhi : union Transport Minister Nitin Gadkari, in Lok Sabha on Thursday, said that the government plans to run 50,000 electric buses across the country in the coming times. He said that with this the common man would be able to travel in air-conditioned buses at cheap fares. This will also not cause any … Read more