Friday, April 12, 2024
Outlook India
Outlook Business


The multi-brand EV platform has partnered with TVS to deploy premium e-scooter iQube for deliveries on a rent-to-own model, where the delivery personnel of Zomato will be able to get ownership of the EV at the end of three or more years of rental tenure.

Driving into the lane of Uber and Ola, with its ride hailing cab service, Rapido will start with 0 per cent commission, transitioning to subscriptions, which it hopes will help it garner higher customer loyalty

Earlier last week, Uber announced its services in Goa, including airport pick-up and drop

In February, Ola signed a memorandum of understanding with the Tamil Nadu government committing investments of Rs 7,614 crore for manufacturing electric cars, two-wheelers and lithium cell gigafactories in the state

The Delhi government had earlier in the week banned app-based taxi services such as Rapido and Uber in view of absence of a policy for plying bike taxis on city roads

The High Court, in its May 26 order, had essentially allowed bike-taxi aggregators Rapido and Uber to operate in the national capital by asking the Delhi government not to take any coercive action against them until a new policy on the matter was formulated

The start-up recently raised $300 million in a funding round led by a sovereign fund company

Agarwal said OYO, which also started in 2014, is also nine years old and the company has witnessed a single ecosystem where India has only moved forward

The recently raised round would help Ola to push its valuation to $6 billion

Also, the Heavy Industries Ministry will resume disbursal of subsidies under the scheme shortly as reports of most of the firms under the ambit of the audits being conducted by India's premier vehicle testing and validation agencies — ICAT and ARAI — have...