Browsing: Auto Tech Startups

Anand Sri Ganesh, CEO of NSRCEL, expressed his enthusiasm about the collaboration, stating, “We are thrilled to partner with Jubilant Bhartia Foundation in our shared commitment to nurturing entrepreneurship and fostering innovation. Through this collaboration, JBF is offering funding support to startups driving positive change in sectors ranging from biotechnology to agritech, empowering them to achieve their milestones and contribute meaningfully to societal progress.”

Yamaha Motor has announced that it has recently invested in World of River Limited, hereinafter River a startup that manufactures and sells electric scooters in India

Prof. V. Kamakoti, Director, IIT Madras, said, “Given the Government’s focus on eMobility and rapid expansion of the market that is expected, there is a need for IIT Madras to play its role in the academic space.”

Advanced Electric Machines (AEM) has announced it has secured £23 million of new investment. The funding will be used to scale up production capacity at its facility in the North East, deliver on ambitious growth plans to establish a global sales footprint, and bolster R&D capabilities.