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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Wikipedia ‘AKA’ The Free Encyclopedia: Is asking help from it's India readers!!

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On Wednesday, Wikipedia a trillion-dollar company is asking for a pitch sneaking Rs.150 of donation to its India readers “We(Wikipedia) humbly ask you to defend Wikipedia's independence. 98% of our readers don't give; they simply look the other way. If you are an exceptional reader who has already donated, we sincerely thank you.” statement mentioned on the web site.

A screenshot showing Wikipedia donation alert

A screenshot showing Wikipedia donation alert


The company has asked for donations previously also, but this is the first time they are asking their Indian readers. The minimum donation will be Rs.108(you can pay additional Rs.25 if you want your full contribution to reach WMF-Wikimedia Foundation) and you can pay as maximum as you want to pay. The website also says they have been receiving “an average donation of Rs.1000”


But why Wikipedia is Asking for donation?

Wikipedia is the seventh-largest website in the world. It is a free portal for information provider and seeker which is operated by a community of volunteers doing the editing, collating and managing the content of the website all over the world. Since the company needs a significant amount of capital to maintain the global operations of its business the WMF-Wikimedia Foundation had to seek out and ask for donations. WMF is a non-profitable organization under which Wikipedia operates and they are trying to keep their independence and they feel it would be a loss for readers if the website is been commercialised.


I have made a decent donation, now it’s your turn to be one among the 2% of the reader please click the image:

A screenshot confirming your payment to WMF


“Your donation. Your curiosity. Your Wikipedia.”

If the link doesn’t work, please visit any Wikipedia page to donate.


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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