Friday, June 14, 2024
Outlook.com
Outlook India
Outlook Business

Expansion

The company plans to expand to Singapore, UAE, UK, Australia, Philippines, Indonesia, SEA, ME, Australia, and US

The four-year-old company currently claims to have established a network of over 350 buses serving more than 500 cities in India

The firm is aiming to deploy an additional 1,200 e-buses, which will require the establishment of more charging infrastructure, and is currently running e-buses on intercity routes under the NueGo brand

With the fresh round of funding, the four-year-old company aims to expand into new cities and ramp up its fleet capacity

The funds will be used to support SwitchOn's growth in India, international expansion, key hires and research and development efforts as it continues to provide cutting-edge AI solutions for quality control in manufacturing

The funds raised will be used for technology development, hiring, marketing and expansion plans

The e-commerce enabler, which recently partnered with the India Post, aims to set up a new model with post offices in rural areas to tack them back into e-commerce

The funds will be used to develop the company’s flexible workspace aggregator technology and for further expansion in India and into Southeast Asia and the Middle East and North Africa regions

The company will also offer a buyback of 100 per cent of vested employee options, benefitting around 30 Souled Store employees

WanderOn, the brainchild of five engineering graduates from NIT Kurukshetra, has grown into a travel community that passionate enthusiasts looking for a unique travel experience identify with. After successfully weathering the Covid-19 headwinds, the...