🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Easier for new firms to enter EV market as legacy players going slow on electrification: Terra Motors’ Founder
OutlookIndia
·
2m ago
Medial
Legacy automakers are slow in adopting electric vehicle (EV) technology, as they rely heavily on profits from internal combustion engine vehicles, according to Toru Tokushige, CEO of Terra Motors. This creates opportunities for new firms to enter the EV market. In India, Japanese companies are promoting alternative fuels alongside EVs, while domestic players like Tata Motors and Mahindra push for zero-emission vehicles. Terra Motors recently launched its first electric auto in India, entering the L5 market segment.
View Source
1
Related News
’Tesla’s loss, not India’s’: Ola founder Bhavish Aggarwal on Elon Musk’s Indian market pullback
Livemint
·
1y ago
Medial
Indian ride-hailing giant Ola's founder and CEO, Bhavish Aggarwal, stated that Tesla's withdrawal from the Indian market is a loss for the automaker, not India. He commented that India's EV and lithium industries are growing rapidly, making it too late for Tesla to enter the market. Bloomberg reported that Tesla has not responded to inquiries from Indian officials and does not plan to invest fresh funds in the country. The Indian government may now focus on domestic players like Mahindra & Mahindra and Tata Motors to boost EV production in the country. Ola is set to make its market debut soon with its electric vehicle startup.
View Source
Mahindra calls for EV level playing field amid Tesla's India entry plans
Reuters
·
1y ago
Medial
Indian automaker Mahindra & Mahindra has urged the government for a level playing field between domestic and foreign players in the electric vehicle (EV) market. They emphasize the promotion of local manufacturing as India plans to attract Tesla and other global carmakers. Mahindra, along with Tata Motors, have privately requested not to reduce import taxes on EVs to protect domestic firms and their foreign investors. Indian EV sales experienced significant growth in 2021, with Mahindra expressing their commitment to listing their EV unit in the future.
View Source
StrideOne acquires ‘strategic’ stake in MoEVing
Livemint
·
1y ago
Medial
StrideOne Capital Pvt. Ltd has acquired a strategic stake in MoEVing Urban Technologies Ltd, an electric vehicle tech startup. The deal will allow StrideOne to enter the last-mile EV financing sector. The financial details of the agreement were not disclosed. StrideOne will provide capital for MoEVing's overall business and help with fleet electrification, while MoEVing's last-mile data will enhance StrideOne's EV underwriting. StrideOne intends to deploy ₹1000 crore in EV financing over the next 12-18 months. MoEVing offers logistics solutions to optimize costs and reduce emissions for various industries.
View Source
Macquarie floats India-focussed fund to back commercial electric mobility
VCCircle
·
1y ago
Medial
Macquarie Group has launched an EV financing platform for India called Vertelo, which will focus on electrifying fleets of commercial vehicles. The platform will offer financing, fleet management and charging infrastructure solutions. Macquarie will invest $1.5bn in the platform, with 95% of the investment going towards EV fleet electrification and the remaining 5% being allocated to charging infrastructure and other requirements. The platform has already secured equity investments of $405m and will deploy the funds over the next 10 years.
View Source
Ola continues to rule 2-Wheeler EV space in Nov; registrations cross 85K mark on festive boost
Inc42
·
1y ago
Medial
Electric two-wheeler registrations in India rose 14% MoM in November, surpassing 85,000 units, driven by festive season demand for top EV manufacturers. Ola Electric retained the lead with a 14% MoM increase, registering 27,331 units. TVS Motor, Bajaj Auto, and Ather Energy followed. Legacy players like Hero MotoCorp also witnessed significant growth. Overall EV registrations in November across vehicle categories reached 143,325 units, marking a YoY increase of over 36%.
View Source
Law Firms escalate talent war even in slower economy
Livemint
·
1y ago
Medial
Law firms are engaging in an intense talent war, despite a slow economy. Elite firms are willing to pay millions to attract and retain lawyers with substantial books of business. These firms are increasing compensation for attorneys at the associate level to secure future stars. Lateral movement among law firms is at unprecedented levels, with firms poaching star partners to gain a competitive edge. However, some firms may be placing themselves at risk by offering large compensation packages that they struggle to justify. The industry expects further consolidation as firms strive to compete with top players.
View Source
Euler Motors raises Rs 638 Cr in Series D funding round
Entrackr
·
2m ago
Medial
Euler Motors raises Rs 638 Cr in Series D funding round Commercial electric vehicle manufacturer Euler Motors has raised Rs 638 crore (approximately $75 million) in its Series D round, led by Hero MotoCorp, along with participation from existing investor British International Investment (BII). This latest infusion will be instrumental in expanding the company’s sales and service network, while advancing new product development to accelerate India’s commercial EV adoption. Last month, the company announced a $60 million investment from Hero MotoCorp. Entrackr also reported that British International Investment and Caladium Investment (GIC) contributed Rs 96 crore ($11.3 million) and Rs 32 crore ($3.76 million), respectively, in the Series D round. According to Entrackr’s estimates, Euler Motors' valuation remains flat at $176 million. Euler Motors has secured investments from prominent backers such as Blume Ventures, Athera Partners, Asian Development Bank Ventures, and the Piramal Alternatives India Access Fund. With the latest funding round, the company's total capital raised stands at approximately Rs 1,420 crore. Launched in 2018, Euler Motors specializes in the production of EV three-wheelers. The company has seen strong adoption across the e-commerce, retail, and logistics segments, backed by a growing portfolio of electric vehicles, including the HiLoad EV and the StormEV. “This is a strong vote of confidence both in India’s commercial electric mobility future and in Euler Motors’ execution and products. With this fresh capital and strategic backing from new and existing investors, we are poised to accelerate our scale, continue innovating to deliver superior products, and come a few steps closer towards becoming India’s No. 1 commercial EV brand,” said Saurav Kumar, founder and CEO of Euler Motors. Euler Motors reported a more than threefold increase in operating revenue year-on-year to Rs 189 crore in FY24 from Rs 62 crore in FY23. Despite this growth, the company posted a loss of Rs 227 crore during the same period. Euler competes with players like Altigreen, Mahindra Electric, Piaggio, Kinetic Green, Tata, and others.
View Source
Tata Motors opposes tax cut on EV import amid Tesla’s India foray plans
Inc42
·
1y ago
Medial
Tata Motors is opposing a proposal to lower import taxes on electric vehicles (EVs) in India, as the government considers Tesla's plan to enter the market. Tata argues that its investors made decisions assuming the existing tax regime, which supports local entities, would remain unchanged. The company emphasizes the need for government support during the early stages of India's EV industry growth. India is contemplating tax reductions on imported fully assembled EVs for up to five years to attract companies like Tesla. Local automaker Mahindra & Mahindra has also raised concerns about the EV tax plan.
View Source
Auto players line up array of new EV models in coming years on govt push to green mobility
Thehindubusinessline
·
1y ago
Medial
The Indian auto industry is preparing to introduce a range of electric vehicle models in response to the government's new policy promoting eco-friendly mobility solutions. Major players such as Maruti Suzuki, Hyundai, Mahindra & Mahindra, and Tata Motors are developing new electric vehicles to meet demand. Mahindra & Mahindra is set to launch five new battery electric SUVs starting January 2025, while Maruti Suzuki plans to produce a high-spec EV with a 550 km range in FY24-25. Hyundai, Tata Motors, Audi, and Mercedes-Benz also have electric vehicle expansion plans for the Indian market.
View Source
Ola, Tata Motors continue to lead market in electric two-wheeler, passenger vehicle segments
Thehindubusinessline
·
1y ago
Medial
According to the Federation of Automobile Dealers Associations (FADA), Ola Electric and Tata Motors are leading the market in retail sales of electric two-wheelers (e2W) and passenger vehicles (PV) respectively. Ola Electric sold 32,252 e2W units in January, while Tata Motors sold 5,591 EV units. TVS Motor and Bajaj Auto were also significant players in the e2W segment. The total retail sales of e2W grew by 26.14% YoY. In the luxury car segment, BMW India and Mercedes-Benz India were the top performers. The electric three-wheeler segment saw a YoY growth of 54.45%.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cloudfront-us-east-2.images.arcpublishing.com/reuters/DH6CKAKC3FIQPG7X3T52A5FF2M.jpg)
