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| Mar 14, 2025 | Supply chain finance startup Vayana bags NBFC licence, set to raise $20 million | ETtechRam Iyer, founder and CEO, Vayana Network
Pune-based supply chain finance startup Vayana has received a non-banking finance company (NBFC) licence from the Reserve Bank of India, two people in the know said.
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VayanaNB... |
| Mar 13, 2025 | Cross-border fintech Zolve raises $251 million in equity-debt mix from Creaegis, others | ETtechZolve founder Raghu G
Cross-border financial services platform Zolve has secured $251 million in a debt-equity mix funding round led by Creaegis. The startup offers credit facilities to students and professionals moving to the United ... |
| Dec 28, 2024 | NCLT Initiates Insolvency Proceedings Against Hero Electric Over Pending Vendor Dues | SUMMARY
This decision was made after the tribunal found no merit in Hero Electric's argument that there was a pre existing dispute regarding the quality of the supplied goods by Metro Tyres
Hero contended that it withheld payments due to ty... |
| Dec 21, 2024 | Delhi HC Asks SFIO To Continue Probe Against Hero Electric | SUMMARY
Earlier this month, the court reportedly restricted SFIO from taking any action against Hero Electric and put a pause on investigation
The court also allowed Hero Electric to send a settlement proposal to the ministry a few weeks ag... |
| Nov 29, 2024 | Hero Electric Premises Sealed Over FAME-II Violations | SUMMARY
SFIO has reportedly sealed Hero Electric’s Gurugram premises over alleged violations of the FAME-II subsidy rules
SFIO is investigating Hero Electric as well as Okinawa to ascertain if the companies misused subsidies meant to encour... |
| Oct 11, 2024 | Special Navratri Offers on Online Booking of Electric Scooters with a Bajaj Finserv Two-wheeler Loan | Pune, Maharashtra, India
This Navratri, Bajaj Finance is offering exciting festive season offers for those looking to buy an electric scooter. Customers can avail of cashback of up to Rs. 5,000 on booking an electric scooter online through ... |
| Aug 12, 2024 | Subsidies Reinstated for Compliant EV Manufacturers
Mumbai Metro Line 11 Geotechnical Survey Progresses
Kolkata Metro Unveils Dalian Rake with Enhanced Features
Chandigarh BJP Pushes for Faster Metro Project Completion | ECONOMY & POLICY Subsidies Reinstated for Compliant EV Manufacturers
12 Aug 2024 2 Min Read CW Team
The Indian government has resumed granting subsidies under the Electric Mobility Promotion Scheme (EMPS) 2024, benefiting companies such... |
| Jun 9, 2024 | E-Mobility Maestro: Mahesh Babu Mahesh suggests that one should prioritize creativity and innovation in product development and solutions during the initial stage of organisation. | |
| May 22, 2024 | Affordable mass electric vehicles key to unlocking demand in Indian market | |
| Apr 27, 2024 | Govt Committee Gives Clean Chit To Hero Electric, Okinawa Autotech In FAME Violation Case | SUMMARY
This follows a comprehensive assessment of the companies' activities
Earlier, it was reported that the government aims to reclaim approximately INR 155 Cr from Hero Electric, INR 125 Cr from Okinawa and INR 50 Cr from Benling
Follow... |
| Mar 18, 2024 | Centre likely to drag defaulters of FAME scheme to Delhi High Court | The Centre is planning to take legal action against electric vehicle (EV) manufacturers who have not refunded incentives claimed wrongfully under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME II) s... |
| Mar 8, 2024 | E-Scooter Sharing Market to Gain 40.26 Billion by 2030, at a CAGR of 7.5% | Exclusive Analysis by SNS Insider | E-Scooter Sharing Market
E-Scooter Sharing Market Size, Share And Segmentation By Product, By Voltage Type, By Battery, By Regions And Global Market Forecast 2023-2030
E-scooter sharing market are gaining traction in the industry due to the... |
| Jan 16, 2023 | Klub invests Rs 50 crore in sustainable brands, including BluSmart and Hero Electric | Advertisment
Also Read:
Live commerce platform Peepul Tree raises $6M in funding
Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.
#BluSmart #Funding #Financing #Klub #Revenue Fi... |
| Mar 30, 2022 | Hero Electric Receives Great Place to Work Accreditation; Voted as the Best Place to Work for Professionals | New Delhi, Delhi, India
Hero Electric, India’s oldest and largest electric two-wheeler brand, receives the Great Place to Work certification, thereby accrediting Hero Electric’s efforts to create a healthy work culture as well as emboldenin... |
| Mar 9, 2022 | Daily News Wrap-Up: Gensol Secures ₹2.67 Billion Loan to Expand its EV Business | Arjun Joshi
Arjun Joshi is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology... |
| Jul 27, 2021 | India’s EV Market Gets All Charged Up As Ola Electric Revs Up For Launch | Bhavish Aggarwal, cofounder and CEO of ride-hailing platform Ola Cabs, in Bengaluru, India, on March ... [+] 5, 2021.Dhiraj Singh/Bloomberg |
| Jul 12, 2021 | Hero Electric raises ₹220 crore led by Gulf Islamic Investments | Company will use the fund to expand production capacity
Hero Electric Vehicles on Sunday said it has raised ₹220 crore as its first part of Series B funding led by Gulf Islamic Investments (GII) along with participation from OAKS.
The compa... |
| Jul 12, 2021 | Hero Electric raises ₹220 crore to sell over a million electric scooters a year | The Series B round was led by Gulf Islamic Investments (GII), with participation from OAKS.
The company had last raised ₹160 crore from Mumbai-based Alpha Ventures in December 2018.
Hero Electric said it will use this funding to expand prod... |
| Jul 12, 2021 | Hero Electric Raised Rs 220 crores From UAE’s Gulf Islamic Investments and OAKS To Expand Its Production Capacity | Hero Electric Vehicles will invest Rs 700 crore by 2025 to rev up its business expansion, including setting up of a new manufacturing unit, for which it has raised Rs 220 crore to part-fund the activities, according to a top company officia... |
| Apr 21, 2021 | Gogoro partners with India’s Hero MotoCorp, one of the world’s largest two-wheel vehicle makers | Electric scooters powered by Gogoro’s swappable, rechargeable batteries now account for nearly a quarter of monthly sales in Taiwan, its home market. But one of the most frequent questions co-founder and chief executive officer Horace Luke ... |
| 2020 | Hero Electric: ₹700-cr investment on hold by a year as FAME II failed to deliver | Company wants a complete revamp of the policy and include low-speed two-wheelers for subsidy
Leading electric two-wheeler maker Hero Electric has put on hold investment of up to ₹700 crore by a year with the sector taking a nosedive as FAME... |
| Dec 11, 2018 | Hero Electric raises Rs 160 cr from Alpha Capital Advisors | Delhi-basef electric two-wheeler manufacturer, Hero Electric on Tuesday said it has raised Rs 160 crore from Alpha Capital Advisors, a Mumbai-based investment management firm. With this investment, Alpha Capital Advisors gets a significant ... |
| Dec 11, 2018 | India: Hero Electric raises $22m from Alpha Capital in maiden funding round | Premium
Electric scooter maker Hero Electric has raised Rs 160 crore from Mumbai-based Alpha Capital to build its second factory, develop new products and expand dealer network on hopes that local demand for its eco-friendly products will n... |
| Jan 23, 2018 | Hero Electric launches e-rickshaw ‘Raahii’ at Rs 1.10 lakh | Two-wheeler maker Hero Electric today launched an electric rickshaw ‘Raahii’ priced at Rs 1.10 lakh (on road, Delhi).
“We are highly ecstatic on launching this innovative model of e-rickshaw. Raahii is designed to ease the hassles that dail... |
| Dec 11, 2017 | Hero Electric to set up multiple plants in India, eyes three-time growth by 2018 | Hero Electric, the electric vehicles division of Hero MotoCorp, is planning to set up multiple assembly plants to meet its target of increasing sales by ten-fold in the next five years.
With a strong network of more than 300 sales and servi... |
| Smart Scooter Startup Twenty Two Motors Raises $1.6 Mn Pre Series A Funding | Gurugram-based Twenty Two Motors Pvt Ltd has raised $1.6 Mn in a Pre-Series A round of funding led by Ishwar Singh, CEO, Haryana Industries. Farhaan Shabbir, former director of Harley-Davidson also joined the investment round. With this mov... |
| Hero Electric Plans To Roll Out Multiple Assembly Plants In India | Image Credits
Hero Electric is gearing up to set up multiple assembly plants for the production of electric two-wheelers to meet its target of increasing sales by ten times in a span of five years.
Although the company sold only 25,000 vehi... |
| News Roundup: 9 Stories You Don’t Want To Miss This Week [30 January – 4 February] | After last minute questions on whether the Union Budget 2017-18 will be presented on account of the demise of a sitting Member of Parliament, Finance Minister Arun Jaitley presented the most awaited first budget post- demonetisation. From f... |
