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News on Medial
Japan's WHILL Ventures into India with eBikeGo to transform India's personal mobility landscape
IndianStartupNews
·
1y ago
Medial
Japan-based personal mobility solutions provider WHILL has entered the Indian market through a partnership with eBikeGo, an Indian electric mobility startup. With eBikeGo's deep understanding of the local market, WHILL aims to offer premium mobility solutions to Indian consumers. WHILL has launched two products in India: the Model C2, an off-road performance mobility chair, and the Model F, a lightweight, foldable mobility chair. The partnership will focus on promoting WHILL's products through collaborations with various organizations and targeted marketing campaigns.
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Japan's WHILL Ventures Collaborats With eBikeGo, Enters Indian Market
OutlookIndia
·
1y ago
Medial
WHILL, a well-known provider of personal mobility solutions based in Japan, has entered the Indian market through a collaboration with eBikeGo, an electric mobility start-up. This partnership aims to integrate WHILL's innovative and premium personal mobility solutions into the Indian market while diversifying eBikeGo's product portfolio. The companies share a commitment to excellence, innovation, and sustainability, and are optimistic about the positive impact this collaboration will have on accessibility and inclusivity in India and globally. WHILL's products offer individuals the ability to lead independent and adventurous lives.
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Top 12 Venture Capitals Backing India's Young AI Startups
StartupTalky
·
1y ago
Medial
India's startup ecosystem has seen a surge in ventures focused on artificial intelligence (AI). These startups are developing innovative solutions that have the potential to transform various industries. To support these young AI startups, several venture capital (VC) funds have emerged in India. Some of the top VC funds include RTP Global, Endiya Partners, Aeravti Ventures, pi Ventures, Together, Hyderabad Angels, Arkam Ventures, GRAYSCALE VENTURES, CapFort Ventures, Speciale Invest, Equirus, and GOOD CAPITAL. These funds provide funding, mentorship, and resources to drive innovation and foster growth in India's tech landscape.
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South Korea, Taiwan copy Japan’s dribbles in India semiconductor play
Economic Times
·
4m ago
Medial
Japan is actively investing in India's semiconductor sector, leveraging its strengths in machinery and materials, while countries like South Korea and Taiwan are striving to catch up. Japan's companies, with significant global market shares, have quickly seized opportunities, sending a large delegation to India's SemiConnect event. South Korean and Taiwanese firms aim to emulate Japan's strategy by forging partnerships and adapting to India's regulatory landscape to capitalize on India's growing technological demands and government support for local production.
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GrowthCap Ventures invests In ridesharing mobility startup Advance Mobility
IndianStartupNews
·
1y ago
Medial
GrowthCap Ventures has made its first investment in Advance Mobility, a ridesharing startup, as part of its foray into the mobility sector. The move signifies GrowthCap Ventures' commitment to supporting innovative solutions in fintech and mobility, with a focus on addressing challenges in the evolving mobility ecosystem. The investment comes amidst India's rapidly transforming infrastructure and transportation sectors, presenting significant opportunities for innovative mobility solutions. GrowthCap Ventures, led by founder Pratekk Agarwaal, aims to identify and support high-potential startups in these sectors. The company recently secured an initial funding of Rs 20 crore from industry leaders and mentors.
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Mobility fintech startup Moove raises $10 million in debt from Stride Ventures
IndianStartupNews
·
1y ago
Medial
Indian mobility fintech firm Moove has secured $10 million in debt funding from Stride Ventures. The funding will enable Moove to expand its operations across new cities in India, such as Delhi, Pune, and Kolkata, and increase its fleet size to over 5,000 vehicles. Moove aims to transform global mobility by offering financial services to traditionally excluded individuals through alternative credit-scoring technology. The startup has facilitated over 30 million trips, with over 4.2 million of those in India. This marks Moove's first external debt funding in India.
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Acer enters India's electric scooter market with ebike priced at Rs 99,999
Economic Times
·
1y ago
Medial
Taiwanese company Acer has entered India's electric scooter market by partnering with urban mobility startup Think Ebikego. Acer unveiled its first electric scooter, MUVI 125 4G, priced at Rs 99,999. The scooter can be customized for B2B use cases like hyperlocal food or grocery delivery. It qualifies for government subsidies and features swappable batteries. Acer will face competition from startups like Ola Electric and Ather Energy, along with established companies like Hero Electric and TVS. Ola Electric recently launched new scooters and plans to introduce electric bikes by 2024.
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eBikeGo plans to expand electric two-wheeler fleet to 1 lakh units by FY26
YourStory
·
1y ago
Medial
Electric vehicle rental service operator eBikeGo plans to expand its fleet of electric two-wheelers to 100,000 units by FY26, targeting the growing last-mile and ecommerce sectors in India. With the domestic last-mile delivery and ecommerce business growing at 6.4%, the company aims to cater to the demand for affordable and sustainable delivery vehicles. eBikeGo plans to extend its operations beyond metropolitan cities and target Tier I and Tier II cities as well. The hyperlocal delivery market is expected to reach $92.50 billion by 2029, with increasing penetration into smaller cities and rural areas. The company currently manages a fleet of over 3,000 e-bikes.
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CarDekho Group Partners SaaS Platform BiUP Technologies To Drive AI-Powered Mobility Solutions
Inc42
·
11m ago
Medial
CarDekho Group has partnered with BiUP Technologies to enhance its AI-powered mobility solutions. BiUP's expertise in AI and immersive technology will be utilized to transform vehicle searches into more conversational experiences on CarDekho's platforms. This collaboration aligns with CarDekho's strategy of expanding its offerings and market reach, which has already included diversification into the agricultural and financial sectors.
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Full-stack Sustainability Platform TapFin raises $4M in funding led by Elevar Equity
IndianStartupNews
·
1y ago
Medial
TapFin, a startup specializing in green financing solutions, has secured $4 million in seed funding led by Elevar Equity. The funds will be used to expand TapFin's market presence, enhance its technology and data capabilities, and hire top talent. The company aims to revolutionize India's sustainability landscape by providing comprehensive financing solutions and value-added services to players in the clean mobility ecosystem. TapFin plans to extend its reach to tier 2 and tier 3 cities and diversify into other sustainability verticals, such as solar energy and renewable technologies. The clean mobility industry in India is projected to grow rapidly, reaching $110.74 billion by 2029.
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As Southeast Asia disappoints, Japanese VCs turn to India for startup returns
Livemint
·
5d ago
Medial
Faced with disappointing returns in Southeast Asia, Japanese venture capital firms are increasingly eyeing India for startup investments. Although still in early stages, firms such as BeyondNext Ventures and Genesia Ventures are exploring India, with investments so far remaining modest. The sectors of interest are banking and real estate, as Japan's larger institutional investors begin to see India as a viable opportunity for potential returns.
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