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IPO-bound Ola Electric records $136 mn loss for FY23

Manufacturing

28 July, 2023

IPO-bound Ola Electric records $136 mn loss for FY23

India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in ......

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Exclusive: Gulf Islamic Investments topping up India exposure

TMT

16 May, 2023

Exclusive: Gulf Islamic Investments topping up India exposure

The UAE-based Gulf Islamic Investments (GII), which manages assets of more than $3 billion in private equity, venture capital and ......

E-commerce firm Beyoung raises close to $5 mn in funding round

TMT

28 April, 2023

E-commerce firm Beyoung raises close to $5 mn in funding round

E-commerce startup Beyoung on Friday said it has secured $4.89 million (Rs 40 crore) in an undisclosed funding round from ......

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How Indian EV firms are improving their financial health as demand soars

TMT

04 April, 2023

How Indian EV firms are improving their financial health as demand soars

India's top electric two-wheeler makers managed to improve their financial health in the fiscal year ended 31 March 2022 even ......

EV maker Simple Energy raises $20 mn in bridge round

TMT

07 February, 2023

EV maker Simple Energy raises $20 mn in bridge round

Electric vehicle maker Simple Energy, on Tuesday said it has secured over $20 million in an ongoing bridge funding round. The ......

Sequioa backed Klub extends credit to BluSmart, Hero Electric, others

Finance

16 January, 2023

Sequioa backed Klub extends credit to BluSmart, Hero Electric, others

Revenue-based financing platform Klub on Monday said it has extended credit up to Rs 50 crore (around $6 million) to ......

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Why Hero's first e-scooter may not be off to a speedy start

Consumer

11 October, 2022

Why Hero's first e-scooter may not be off to a speedy start

Investors gave a lukewarm response to Hero MotoCorp Ltd launching its electric scooter VIDA V1 and opening bookings on 10 ......

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Hero Electric hires banker to raise $250 mn

Manufacturing

26 August, 2022

Hero Electric hires banker to raise $250 mn

Hero Electric Vehicles Pvt. Ltd is in talks with investors, including sovereign funds, for its largest fundraising of around $250 ......

Oaks Asset Management's consumer fund set to exceed initial target

General

23 June, 2022

Oaks Asset Management's consumer fund set to exceed initial target

Mid-market private equity firm OAKS Asset Management is set to raise Rs 1,000 crore for its consumer fund, higher than ......

Alpha Capital picks up minority stake in two-wheeler maker Hero Electric

Manufacturing

11 December, 2018

Alpha Capital picks up minority stake in two-wheeler maker Hero Electric

Hero Electric Vehicles Pvt. Ltd, which manufactures lithium-ion battery-powered two-wheelers, said on Tuesday that it has raised Rs 160 crore ......