Jio AirFiber's Lightning Launch📡, India's Electric Mobility Revolution🛵
Ola's Electric Bike-Taxis Return, Nikhil Kamath Boosts Ather Energy, Ongoing Net Neutrality Battle, Funding Deals and more.
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Tech Updates
🚗 Indian Automakers Embrace Cleantech for Sustainable Mobility⚡
Indian automakers, including Maruti Suzuki, Bajaj Auto, TVS Motor Company, and Eicher Motors, are actively exploring eco-friendly technologies like biogas, flex-fuel, and ethanol to align with the government's clean mobility objectives. This move echoes the global commitment to sustainable transportation as articulated by the Global Biofuels Alliance (GBA) at the G20 Summit. 🌍🛣️
🛵 Ola Reintroduces Electric Bike-Taxis in Bengaluru 🌟
Ola is relaunching its bike-taxi service in Bengaluru, leveraging its electric S1 scooters. This initiative is part of Ola's strategy to expand its electric scooter-based ride-hailing services nationwide following the Bengaluru pilot. Commuters can now enjoy the convenience of Ola bike rides, priced at Rs 25 for 5 km and Rs 50 for 10 km while contributing to eco-friendly urban mobility. 🌆🔌
📈 Nikhil Kamath Joins Ather Energy's Cap Table 🚀💰
Nikhil Kamath, co-founder of Zerodha, India's largest stock brokerage firm, is making a strategic move by joining the cap table of Ather Energy, a Tiger Global-backed electric scooter manufacturer. While the specific investment amount remains undisclosed, this transaction is expected to involve a secondary share sale. 🛵⚡
📡 Jio AirFiber Launches on September 19: Get Ready for Lightning-Fast Internet! 🌐
Reliance Jio is all set to revolutionize your internet experience with the launch of Jio AirFiber on September 19. This wireless internet service is tailored for both homes and offices, promising blazing speeds of up to 1.5 Gbps! Jio AirFiber is here to elevate your online experience to new heights.🚀🏡🏢
🌐 Net Neutrality Debate in India Persists 📱💻
The ongoing net neutrality debate in India remains unresolved, with major telecom companies like Bharti Airtel, Reliance Jio Infocomm, and Vodafone India arguing for the ability to charge certain internet-based intermediaries, including Netflix, Amazon Prime, and WhatsApp, differently due to the data strain they impose on networks. However, government officials have reiterated that they will not change their stance on net neutrality, regardless of calls for rule revisions in anticipation of 5G technology.🤔📡
Funding Deals
An MSME-focused financial institution Seeds Fincap has raised Rs 50 crore or $6 million in its Series A1 round from Lok Capital, of which the first tranche of Rs 32 crore has been closed.
A direct-to-consumer brand, The Good Bug, focused on gut health, has secured $3.5 million in Series A funding, led by Fireside Ventures, an early-stage consumer sector-focused venture capital fund.
Equity and shareholder management platform EquityList has raised $2.2 million in seed funding from AngelList India, Hustle Fund, Republic, Unpopular Ventures, Mana Ventures, Riverwalk Holdings, and Super Capital.
Actor Deepika Padukone-owned Ka Enterprises has invested an undisclosed amount in specialty coffee brand Blue Tokai Coffee Roasters as part of its Series B funding round.
Tweet of the day🐥
“Don’t be intimidated by other people’s opinions. Take risks and do what you really want to do.”
- Paulo Coelho
🚀 That's a wrap for today's tech rollercoaster! Hope your day's charged up!
Catch those dreams and meet us back here tomorrow for the Weekly Review edition.
Until then, stay geeky, stay curious, and remember, the future's just a click away! 🌟
