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News on Medial
Yamaha Motors makes a strategic investment in ridesharing startup Royal Brothers
Economic Times
·
1y ago
Medial
Yamaha Motors has made a strategic investment in Bengaluru-based two-wheeler rental startup Royal Brothers, aiming to drive its business expansion in India. Yamaha's Indian subsidiary, Moto Business Service India (MBSI), has designated mobility service as a new business area and plans to invest in the shared mobility space. Through this partnership, Royal Brothers intends to enter the business-to-business space and expand its services to the rest of the country. MBSI has already deployed over 1,000 vehicles on the Royal Brothers platform in South India.
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Eicher Motors incorporates wholly-owned subsidiary in Netherlands
Money Control
·
1y ago
Medial
Eicher Motors, the parent company of Royal Enfield, has incorporated a new wholly-owned subsidiary named Royal Enfield Europe B.V. in the Netherlands. This subsidiary will focus on providing non-motorcycle products, including parts, spares, apparel, and accessories to customers in the region. Eicher Motors now holds 100% equity share capital and control of Royal Enfield Europe B.V. The incorporation is effective from March 21, 2024. This move aims to facilitate better availability of products for customers and aligns with Eicher Motors' core operations in manufacturing and selling Royal Enfield motorcycles and related products globally.
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Royal Enfield launches electric bike segment
YourStory
·
9m ago
Medial
Royal Enfield has unveiled its first electric bike under a new brand, Flying Flea, which is expected to be available in 2026. The two models introduced are the classic-styled Flying Flea C6 and the scrambler-styled Flying Flea S6. Royal Enfield plans to introduce more electric vehicles in the coming years and will produce battery packs and motors in-house, while sourcing battery cells externally. The company has invested in an EV manufacturing plant in Chennai and has a dedicated team for developing electric motorcycles. Royal Enfield currently dominates the global middle-weight bike segment.
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Flipkart founder Binny Bansal may put $25-30 million more in Ankit Nagori’s Curefoods
Economic Times
·
1y ago
Medial
Flipkart founder Binny Bansal may increase his investment in Curefoods, a startup founded by Nagori brothers. Curefoods focuses on delivering fresh produce directly from farmers to consumers. Bansal had previously invested $1.75 million in the startup and is now considering doubling down on his investment to support the company's growth and expansion.
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Weak July sales sour mood for auto stocks; Maruti Suzuki, Tata Motors, Eicher fall up to 3%
Money Control
·
1y ago
Medial
Auto sales for major automakers in July fell below market expectations, resulting in a decline in auto stock prices. Companies such as Maruti Suzuki, Tata Motors, Eicher Motors, Bajaj Auto, and Mahindra & Mahindra saw a drop in sales, dragging down the Nifty Auto index by nearly 2%. Royal Enfield saw an 8% decline in motorcycle sales, Tata Motors recorded an 11% drop in total sales, and Maruti Suzuki experienced a 5% decline in sales. However, Mahindra & Mahindra saw a slight increase in sales. The data indicates weakness in commercial vehicles and potential risks for passenger vehicles.
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Daily Indian Funding Roundup and Key News – 23 June 2025
StartupTalky
·
1m ago
Medial
On June 23, 2025, Indian startups saw significant funding across various sectors. Highlights include a strategic investment in Truliv by BCCL, Rabitat's ₹40 crore Series A round led by RPSG Capital Ventures, and the Kamath brothers acquiring a ₹250 crore stake in InCred Holdings. Kazam secured $6.2 million in Series B funding to expand EV infrastructure, while Utopia Therapeutics and EKA Mobility raised funds for biotech and EV manufacturing, respectively. Additionally, Meesho, PharmEasy founders, and PhonePe announced strategic business developments.
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Premium EV motorcycle startup Raptee appoints former Ather, Ola Electric Veteran C Suresh as Head of Operations
IndianStartupNews
·
1y ago
Medial
Electric vehicle (EV) motorcycle startup Raptee has appointed C Suresh, an industry veteran with over 25 years of experience, as its Head of Operations. Suresh has worked with major auto brands like TVS Motors, Royal Enfield, Mahindra, Ather, and Ola Electric and played a key role in product launches such as the RE Classic 500, Ather 450, and Ola S1. In his new role, Suresh will oversee manufacturing engineering, quality, sourcing, supply chain, and projects, and help set up processes and facilities for Raptee's upcoming products.
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Royal Enfield to invest ₹1,000 cr in EVs, petrol bikes
Livemint
·
1y ago
Medial
Eicher Motors, the maker of Royal Enfield motorcycles, plans to invest ₹1,000 crore this fiscal year to build its first electric motorcycle factory and expand its petrol-driven motorcycle portfolio. The company aims to gain a larger share of the global mid-weight motorcycle market, which saw over 1 million units sold in FY23. Royal Enfield is focused on developing uniquely differentiated electric motorcycles with a strong brand DNA and has started investing in product development, infrastructure, and testing. In the Indian market, the company's market share for motorcycles above 125cc reached nearly 30% in FY23.
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EV startup River, battery firm IBC to invest in rural Bengaluru district
Economic Times
·
1y ago
Medial
Bengaluru-based electric vehicle startup, River, plans to invest Rs 400 crore in expanding its manufacturing and R&D facilities in Hoskote, Bengaluru. The investment will also be used to establish new stores and service stations in Karnataka. River has secured funding from several international investors, including Yamaha Motor Co and Toyota Ventures, raising a total of $68 million. Additionally, International Battery Company (IBC) has announced an investment of Rs 390 crore to manufacture primary cells and batteries in Devanahalli. These projects are expected to create over 13,000 jobs in the state.
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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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Ati Motors raises $10.85 million in Series A led by True Ventures
Startup News FYI
·
2y ago
Medial
ATI Motors, a startup, secures $10.85 million in a Series A funding round led by True Ventures. The investment will support ATI Motors' growth and expansion in the electric vehicle (EV) market. With the backing of True Ventures, the company aims to further develop its EV technology and make strides in the competitive electric mobility industry.
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