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News on Medial
There's a shift in EV funding pattern, VC's are concerned
Inc42
·
1y ago
Medial
Investors are increasingly shifting focus away from electric vehicle (EV) manufacturers due to longer gestation periods, rising competition, and substantial capital requirements. Instead, they are directing attention towards allied sectors such as batteries, EV infrastructure development, and related segments. The Indian EV sector has garnered over $780 million in 2023, with more than 41% of deals involving non-original equipment manufacturers (OEMs). Investors are drawn to emerging areas like EV financing, charging infrastructure, and battery technology, seeing potential for innovation and scalability. Despite initial challenges, the EV sector continues to attract significant funding, fostering growth and innovation.
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Related News
From SaaS to Consumer to Deep Tech, India’s Next-Gen Startups are Building for the World
PeakXV Blog
·
1y ago
Medial
Explore Rajan Anandan's take on how the startup ecosystem is developing in India, what makes VC's hope for a larger, brighter future and still be bullish on India Inc in these tough market situations. There's no funding winter if you have a solid startup.
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EU worries US embrace of crypto assets could impact Europe financial stability
Economic Times
·
5m ago
Medial
Eurozone finance ministers are concerned about potential impacts on Europe's financial stability due to the US administration's pro-cryptocurrency policies. The shift, led by President Biden's executive order on cryptocurrency reserves, contrasts with past US stances. There's concern that this could prompt tech giants to relaunch stablecoin-based payment systems, potentially affecting Eurozone monetary sovereignty. The European Central Bank's work on a digital euro, ongoing since 2020, is deemed crucial in maintaining region autonomy and resilience.
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VCs focus on ESG norms, not just ‘financial parameters’ for startup funding
Livemint
·
1y ago
Medial
In the midst of a funding slowdown for Indian startups, there is a shift of investor focus towards environmental, social, and governance (ESG) factors. Investors have become more concerned about sustainability, carbon reduction, and ethical business practices. This shift has impacted funding for new-age businesses in the country. ESG performance has become a crucial factor for attracting investments, as investors look beyond financial viability. Startups are advised to incorporate ESG aspects from the early stages to attract better investments and actively engage with stakeholders for long-term sustainability.
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Unit Economics, New Markets, Green Miles: How EV Fleet Operators Are Riding The Quick Commerce Wave
OutlookIndia
·
3m ago
Medial
Electric vehicle (EV) fleet operators are fueling India's shift towards quick commerce by transitioning from petrol-powered scooters to EVs. Companies like Blinkit and Swiggy aim for a 100% EV fleet by 2030, while rivals like Zepto are expanding dark stores in major cities. EV leasing companies such as Yulu are experiencing double-digit growth. Despite challenges like charging infrastructure, the quick commerce sector's electrification is expected to drive significant EV adoption, aligning with government sustainability goals.
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China's oil majors face uphill climb to adapt to EV future
Reuters
·
1y ago
Medial
China's state-run oil giants, Sinopec and PetroChina, are adapting to China's shift towards electric vehicles (EVs) by building charging stations. As EV sales are expected to reach 40% of total car sales this year in China, the demand for gasoline is predicted to peak by 2025. However, the public EV charging sector in China faces challenges such as low utilization, market fragmentation, and overcapacity. Despite this, global energy companies like Shell and TotalEnergies are also investing in EV charging infrastructure in China, drawing lessons from early adopter markets like Norway.
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Fintech startup AuthPay raises $450,000 led by SCOPE VC
IndianStartupNews
·
1y ago
Medial
Fintech startup AuthPay has raised $450,000 in a pre-seed funding round led by SCOPE VC. AuthPay offers secure payment solutions for businesses worldwide, leveraging advanced technology to streamline transactions and enhance security. In addition to the funding, AuthPay will receive mentorship and operational support from SCOPE VC's network. AuthPay's smart wallet uses AI technology to recommend the best card for each transaction, maximizing rewards for customers. The partnership with SCOPE VC is expected to fuel AuthPay's growth and innovation in the fintech sector.
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Wow, there sure is a lot of news about Elon Musk’s companies all of a sudden.
The Verge
·
2m ago
Medial
Elon Musk's companies are making headlines with several developments. xAI is selling shares and Neuralink has successfully raised $650 million, having resolved issues with the FDA. A public demonstration by Neuralink is scheduled in two weeks. These moves may suggest Musk's attempts to shift public focus from his involvement with Dogecoin. Additionally, there's mention of other trending topics such as AI and tech advancements, as well as updates on Google's upcoming Pixel 10 phones.
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No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times
Economic Times
·
18d ago
Medial
Eternal CEO Deepinder Goyal isn't concerned about new entrants like Rapido entering the food delivery space, as he believes there's no current innovation posing an "obvious threat." Rapido plans to launch its food delivery app, Ownly, in Bengaluru, charging lower commissions compared to competitors like Zomato and Swiggy. Eternal is expanding with a new subsidiary, Blinkit Foods, while Swiggy introduces the ‘99 store’ amidst rising competition and slow demand in the food delivery segment.
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EV charger networks are turning to Tesla standard as support accelerates
TechCrunch
·
2y ago
Medial
EV charger networks are increasingly adopting the Tesla standard as support for it gains momentum. Companies like ChargePoint and EVgo are embracing the Tesla Connector, allowing Tesla vehicles to charge on their networks without an adapter. This move aims to enhance convenience and accessibility for Tesla owners and signifies a broader industry shift towards standardized charging solutions for electric vehicles. The industry group behind the CCS charging standard has wavered, giving its support to the Tesla EV charging standard.
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Grapevine: Fortum to sell Indian energy assets; M2P Fintech seeks fresh funding
VCCircle
·
1y ago
Medial
Finnish energy company Fortum Oyj is selling majority stakes in its Indian renewable energy platform, Fortum India Pvt. Ltd (FIPL), and its EV charging network, GLIDA. The sale is being managed by EY and Opus Corporate Finance LLP. This move is part of Fortum's strategic shift. M2P Fintech, a digital payment solutions provider in India, is seeking fresh funding.
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