Tuesday, April 23, 2024
Outlook.com
Outlook India
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Oems

Ohm Mobility intends to use the funds to build out their team and develop their technology platform and proprietary risk management tool

The collaboration will benefit EV battery original Equipment Makers (OEMs) that have their products underwritten by the first-tech insurer, the company said.

This move is expected to provide competition to Google, which currently dominates the Indian app store market with over 97 per cent market share

The company plans to use the funding to develop its manufacturing process, R&D and apply AI and IoT technology to its manufacturing

Citing data sourced from manufacturers, the Society of Manufacturers of Electric Vehicles (SMEV) said FY23 saw sales of 1.2 lakh low-speed (LS) e-scooters with a top speed of less than 25 km/hr

CCI, in October last year, slapped a Rs 1,337.76 crore fine on Google for exploiting its dominant position with respect to Android, which powers 97 per cent of smartphones in India