Ola electric scooter launched🛵
Stellaris Venture Partners has raised $225 million, Tech Mahindra deepens ties with Microsoft and more.
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Ola S1 electric scooter launched at starting price of ₹99,999🛵
Ola, the ride-hailing giant and electric vehicle producer revealed its much-anticipated S1 and S1 Pro electric scooter models on Sunday, promising increased range and performance while undercutting rivals Ather Energy, Bajaj Auto, and TVS Motors' offerings.
Starting at Rs 99,999 for the basic model, which includes FAME II subsidies but excludes state-level subsidies, and rising to Rs 1,29,999 for the Pro model, Ola said it will begin accepting orders for its vehicles on September 8, with first deliveries expected in October across 1,000 Indian cities and towns.
Stellaris Venture Partners has raised $225 million💸
Early-stage investor Stellaris Venture Partners has raised $225 million for its second India-dedicated fund, coinciding with an unprecedented funding environment fuelling the domestic startup and technology sector.
This makes the four-year-old Bengaluru firm among the largest seed-to-series A stage funds in India, a segment that has seen heightened interest over the past few years.
Hot Shorts ⚡
Japanese technology-focused staffing and services firm TechnoPro Holdings has bought Udupi-based digital transformation solutions provider Robosoft Technologies for an estimated Rs 805 crore.
Chime Financial said on Friday it had raised $750 million in its latest funding round led by Sequoia Capital Global Equities, valuing the financial services startup at $25 billion.
Tech Mahindra deepens ties with Microsoft☁
Tech Mahindra has expanded its collaboration with Microsoft Corp. to strengthen hybrid cloud capabilities, days after the Indian IT firm launched a dedicated ‘Microsoft Business Unit’ focused on developing enterprise cloud solutions.
The latest collaboration will leverage Microsoft Azure Stack HCI—a new hyper-converged infrastructure (HCI) solution—to accelerate hybrid cloud transformation, consolidate virtualized workloads and build enterprise resilience.
Tweet of the day🐥
✅ All two-wheelers sold in India should be electric by 2025: Ola CEO Bhavish Aggarwal
✅ Check out India's economic journey after independence if you haven't already.
Missing an opportunity because you lacked the courage to jump, hurts more than trying and failing.
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