India's techade: PM💪🏻, Ola to launch electric car in 2024🚗, Hathaway buys more Apple, Amazon📊
India's techade is here: PM, Ola to launch first electric car by 2024, Hathaway adds more Apple-Amazon, Funding Deals & more.
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India's techade is here: PM Modi in Independence Day speech💪🏻
Prime Minister Narendra Modi on Monday emphasized that this is 'India's techade' while addressing the nation in his Independence Day speech at the Red Fort.
"India's techade is here," he said. "With 5G, semiconductor manufacturing and optical fibers in villages, we are bringing a revolution through Digital India to the grassroots level."
He said that all of this will revolutionise education and healthcare and change the lives of the common people.
He went on to add that the country's science missions and startups are shaping the future of India. He also stated that the success of Digital India and startups had been driven by youth from tier 2 and tier 3 cities.
Ola to launch first electric car by 2024, introduces new S1 scooters🚗
Ola Electric said on Monday it will launch its first electric car in 2024. At a press briefing in Bengaluru, coinciding with celebrations for India’s 75 years of independence, the company also introduced the S1, a sub-Rs 1 lakh version of its maiden electric scooter, the S1 Pro.
Ola plans to debut its four-wheeler EV by the summer of 2024 and claims the car will be one of the fastest in India, with the ability to go from 0-100 km/h in four seconds, and a range of more than 500 km per charge.
Ola’s ambitious electric car project will see it build a separate manufacturing facility next to its two-wheeler factory in Tamil Nadu.
“Ola is a ride-sharing company, we are leaders in India, we are doing very well in India, we are very profitable, it is a very well-run business. We have professional teams running the company,” Bhavish Aggarwal told on Ola’s ride-hailing business.
Hot Shorts⚡
goEgoNetwork, an electric vehicle charging infrastructure solutions provider, has raised $8 million in a Series A funding round from investors including venture capitals and HNIs.
Trading-tech startup Market Pulse has secured $1.2 million in pre-seed funding led by HNIs, Nitish Mittersain, Apurva Parekh and Aditya Goel.
Warren Buffett's Berkshire Hathaway buys more Apple, Amazon while betting on oil📊
Warren Buffett's company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron.
Berkshire now owns more than $11 billion worth of Occidental stock, and it controls more than 20% of the company after making several more purchases since the quarter ended on June 30.
Monday’s filing revealed a number of smaller moves Berkshire made during the second quarter, including adding to its stakes in Apple, Amazon, Chevron, Ally Financial, Activision Blizzard, Paramount Global and several other stocks.
Berkshire also trimmed its holdings in General Motors, US Bancorp and Kroger stocks while eliminating a stake in Verizon Communications.
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