TVS Motor is infiltrating more in Ultraviolette EV

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Ultraviolette EV has announced that they have received Rs.30 Cr as apart of Series B investment from TVS motors today. The picture was taken during the F77 Launch event The EV is the future of transportation as almost all the automobile companies are trying to enter or establish their own EV product line. Companies like TESLA, Rivian, AUDI, BMW and a few others had already made their impression in EV. But in India, the story is different because there are very few EV players on a small scale level. Companies like TATA and Hero moto corp are investing nickles and dimes many EV startups like Tork motors and Ather Energy. An Inside outlook to F77 Likewise, TVS motors have invested in Ultraviolette Automotive an EV startup based on Karnataka, India. They made an initial investment of Rs.11 Cr around 2017, Then extended their investment by preference share of Rs.5 Cr in last fiscal. But in today’s news Ultraviolette Automotive has said that they have risen another Rs.30 Cr as a part of the...
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Elon Musk tweets ‘Jeff Bezos is a copy cat’: As amazon announces it has acquired self-driving-car startup Zoox

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Elon Musk,CEO of Tesla and Jeff Bezos CEO of Amazon


Amazon has acquired Zoox a self-driving-car startup on Friday, 26th June 2020. As the news is officially posted in @financial times twitter page Elon Musk, CEO of Tesla & SpaceX tweeted that Jeff Bezos is a copy cat, he used a cat emoji instead of the word cat in the tweet.


Zoox has been recently valued up to $3.2billon. As like all other automobile company it has also been affected by COVID-19 situation and fired up to 120 employees thus Amazon has agreed to pay $1.2billion for the acquisition.


Zoox is a startup company which nearly uses the same technology as Tesla’s, Zoox also settled 2law suits with Tesla in April and march last year. Earlier this month Musk tweeted that he is gonna break up with the E-commerce giant and said ‘Monopolies are wrong!’ This is the second time in a month Musk tweeting about Jeff Bezos and his company.

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Sony will focus and increase it’s overall value, as the company has decided to change the name after 62 years:

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Sony corporation will make some series of changes to its organization structure, Financial services and the biggest of all name change. Effective from April 1, 2021, all these changes will be made as the company said in a press release on May 19, 2020. These changes are made with the objective to increasing the overall value of the Sony corporation from a long-term perspective, the key missions of Sony Corporation will be: 1-business portfolio management & strategic capital allocation, 2-value creation through Group synergies and business incubation, and 3-investment in the talent and technology that form the foundations of innovation. From the next fiscal ‘sony corporation’ will be renamed as ‘sony group corporation’, sony electronics corporation which deals with the sony origin business(electronic products) will succeed to the name ‘sony corporation’ and few other changes to its financial Services and executive structure reform. Sony has faced some issues with the competitor in...
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TVS Motor is infiltrating more in Ultraviolette EV

By -
Image
Ultraviolette EV has announced that they have received Rs.30 Cr as apart of Series B investment from TVS motors today. The picture was taken during the F77 Launch event The EV is the future of transportation as almost all the automobile companies are trying to enter or establish their own EV product line. Companies like TESLA, Rivian, AUDI, BMW and a few others had already made their impression in EV. But in India, the story is different because there are very few EV players on a small scale level. Companies like TATA and Hero moto corp are investing nickles and dimes many EV startups like Tork motors and Ather Energy. An Inside outlook to F77 Likewise, TVS motors have invested in Ultraviolette Automotive an EV startup based on Karnataka, India. They made an initial investment of Rs.11 Cr around 2017, Then extended their investment by preference share of Rs.5 Cr in last fiscal. But in today’s news Ultraviolette Automotive has said that they have risen another Rs.30 Cr as a part of the...
Read more