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Mitsubishi Electric to acquire stake in Indian startup Itanta Analytics
VCCircle
·
6m ago
Medial
Mitsubishi Electric Corp’s Indian subsidiary is set to acquire a stake in Itanta Analytics, an Indian startup specializing in no-code data-analysis and report-generation tools. Founded in 2019, Itanta, led by CEO Prasad Toke, expanded into international markets in 2021. The partnership aims to enhance Mitsubishi's factory automation digital solutions, integrating Itanta’s tools to accelerate digital transformation in global manufacturing. Financial details of the transaction were not disclosed.
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Mitsubishi to acquire 30% of TVS Mobility, venture into Indian car sales market
Livemint
·
1y ago
Medial
Mitsubishi Corporation is reportedly set to enter the Indian car sales market by acquiring over 30% stake in car dealership TVS Mobility. The strategic partnership will see TVS Mobility spin off its car sales business, with Mitsubishi investing between $33-66 million. The new entity plans to establish exclusive stores for each car brand and expand sales of Japanese cars, including electric vehicles. Mitsubishi also aims to introduce innovative services such as scheduling maintenance appointments through a smartphone app.
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Mitsubishi Electric India to acquire stake in Gervigreind Data Science
YourStory
·
6m ago
Medial
Mitsubishi Electric India plans to acquire a stake in Gervigreind Data Science Pvt. Ltd. to co-develop no-code data analysis applications, enhancing automation and digital transformation of manufacturing. This collaboration will integrate with Mitsubishi's FA equipment and SCADA software to simplify system development and expand global FA digital solutions. The move supports Mitsubishi’s transition to a "Circular Digital-Engineering" company amidst rising costs and evolving customer demands in the manufacturing sector.
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Mitsubishi Electric India performs groundbreaking ceremony for manufacturing plant in Chennai
Economic Times
·
1y ago
Medial
Mitsubishi Electric India, a subsidiary of Mitsubishi Electric Corporation, held a Bhumi Pujan ceremony for its first air conditioner and compressor manufacturing unit in Chennai. The company plans to invest Rs 1,891 crore in this 100% foreign direct investment project. The facility, spread across 52 acres, will manufacture room air conditioners and compressors tailored to the Indian market. Mass production is set to begin in October 2025, with an initial annual capacity of 3,00,000 sets of room air conditioners and 6,50,000 compressors.
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Uber Eats is launching a delivery service with Cartken’s sidewalk robots in Japan - StartupNews.fyi
Startup News FYI
·
1y ago
Medial
Uber, in partnership with Mitsubishi Electric and autonomous robotics startup Cartken, is launching a delivery service in Tokyo using self-driving sidewalk robots. The service, operated through the Uber Eats app, will start in a select area of Tokyo by the end of March. The robots, called Model C, are equipped with a 27-liter cargo bin and can travel at 3.3 miles per hour. Sensors and advanced software help the robots detect and navigate their surroundings, with the ability for remote monitoring and guidance if necessary. This marks Uber and Cartken's first international collaboration, with Mitsubishi Electric supervising operations in Tokyo.
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Schneider said to be in talks to buy Temasek’s stake in Indian JV Schneider Electric
Economic Times
·
23d ago
Medial
Schneider Electric SE is in discussions to acquire Temasek Holdings' 35% stake in Schneider Electric India Pvt for approximately $1 billion, potentially valuing the venture at around $5 billion, including debt. Temasek has been considering its exit options, which could include a sale or an initial public offering. Schneider Electric, which owns 65% of the joint venture, is focused on expanding in the Indian market amidst growing merger and acquisition activity.
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Foxconn eyes Japan for electric vehicle growth, seeks partnerships
Economic Times
·
4m ago
Medial
Taiwan's Foxconn is targeting Japan to expand its electric vehicle (EV) operations and aims to form partnerships with Japanese companies. As global automakers face competition from Chinese brands expanding in battery-powered vehicles, Foxconn plans to collaborate with manufacturers like Nissan, Honda, and Mitsubishi. The company, focusing on business-to-business services, intends to introduce electric and microbuses in Japan by 2027 and is finalizing a deal to supply EVs to Mitsubishi, enhancing its presence in the Japanese market.
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Grapevine: Jupiter may pick stake in SBM Bank; BluSmart in talks for funding
VCCircle
·
10m ago
Medial
1. Jupiter in talks to acquire up to 26% stake in SBM Bank India, a subsidiary of Mauritius-based SBM Group. 2. Deal is subject to approval from banking regulator RBI and may be executed in tranches. 3. Potential stake acquisition includes an option for Jupiter to increase its stake in SBM Bank. 4. Neobanking startup Jupiter aims to expand its presence in the banking sector through the strategic investment. 5. BluSmart, an electric vehicle startup, is currently in talks to secure funding for its operations. 6. BluSmart's premium EVs are being charged at charging superhubs in Bengaluru to support its sustainable transportation service.
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InMobi, Zepto-backer MUFG Bank set to add another Indian unicorn to its portfolio
VCCircle
·
9m ago
Medial
MUFG Bank, an investor in Indian startups InMobi and Zepto, is reportedly set to add another Indian unicorn to its portfolio. The Japanese financial group's banking subsidiary is said to be in talks with a homegrown unicorn. MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group, looks to further expand its investment in the Indian startup ecosystem.
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Neobanking Startup Jupiter Seeks RBI Approval For Stake In SBM Bank India
Inc42
·
10m ago
Medial
- Neobanking startup Jupiter in talks to acquire 26% stake in SBM Bank India - Deal subject to approval from Reserve Bank of India (RBI) - Acquisition may be done in tranches with an option to raise stake - Jupiter has backing from Tiger Global, Peak XV, and Matrix Partners - Jupiter also in talks for a separate deal to acquire 5-9.9% stake in SBM Bank India
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BluSmart Investors in Advanced Talks to Acquire Anmol Jaggi’s Stake, to Revive Start-Up
OutlookIndia
·
3m ago
Medial
Investors in BluSmart are in advanced discussions to acquire Anmol Jaggi's stake in a bid to revive the electric ride-sharing startup. The transaction aims to secure investor funds, maintain driver employment, and return the company's cabs to service. This move marks the potential complete exit of the founders. The investors, led by BP Ventures and already holding stakes in BluSmart and Gensol Engineering, plan to write off loans and inject funds to resume operations.
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