Author: lakshmanan
In a groundbreaking development for the electric vehicle (EV) industry, Exponent Energy and Veera Vahana have unveiled the world’s fastest 15-minute charging electric bus. This innovative vehicle, known as the Veera Mahasamrat EV, promises to revolutionize intercity travel with its rapid charging capabilities, setting a new benchmark in green mobility and public transport.Overview of the 15-Minute Charging TechnologyThe Veera Mahasamrat EV is equipped with cutting-edge technology that allows it to achieve a full charge in just 15 minutes. This significant advancement addresses one of the major challenges in electric mobility: the time required for charging. Key aspects of this technology…
In a significant development within the AI and coding assistant space, Codeium, a direct competitor to GitHub Copilot, has successfully raised $150 million in its Series C funding round. This latest round has propelled the company to unicorn status, with a valuation now standing at $1.25 billion. The funding marks a pivotal moment for Codeium as it continues to expand its footprint in the AI-powered coding tools market.About Codeium:Codeium is an advanced AI-powered coding assistant designed to streamline the coding process for developers. Leveraging machine learning and natural language processing, Codeium offers features such as code autocompletion, error detection, and…
In a groundbreaking collaboration, Mastercard and boAt have joined forces to introduce a tap-and-pay feature on boAt’s line of smartwatches. This partnership marks a significant step in the wearable tech market, enabling users to make contactless payments directly from their wrists. The new feature is expected to enhance convenience for consumers while reinforcing the growing trend of wearable payment solutions.The Tap-and-Pay RevolutionThe partnership between Mastercard, a global leader in payment technology, and boAt, a prominent player in the consumer electronics space, is set to revolutionize how users interact with their wearable devices.Seamless Payments: The integration allows users to make quick and…
As anticipation builds for ELECRAMA 2025, the Southern Region Preview held in Bengaluru provided a glimpse into what promises to be a landmark event for the energy sector. This preview was marked by an unprecedented level of startup participation and a sharp focus on new energy solutions, setting the stage for the main event slated for 2025. Record Startup Participation One of the standout features of the Bengaluru preview was the record participation from startups, signaling the growing importance of innovation and entrepreneurship in the energy sector. Innovation at the Forefront: Startups are increasingly becoming key players in the energy…
In a strategic move set to propel its growth, beauty tech startup Zalon has appointed Abhishekk Raj Pandey, a former top executive at Mamaearth, as its new Co-Founder and CEO. This high-profile appointment underscores Zalon’s ambitions to leverage cutting-edge technology and innovative solutions in the beauty and personal care industry.Abhishekk Raj Pandey’s Journey from Mamaearth to ZalonAbhishekk Raj Pandey brings with him a wealth of experience from his time at Mamaearth, where he played a crucial role in scaling the company into one of India’s most recognized D2C brands. His transition to Zalon marks a new chapter in his career,…
Pilgrim, a fast-growing D2C (Direct-to-Consumer) beauty brand, has successfully raised $9 million in its Series B extension round. This funding round, led by Fireside Ventures and Vertex Ventures, has propelled the company to a new valuation milestone, tripling its worth. The infusion of capital marks a significant step in Pilgrim’s journey as it continues to expand its product offerings and strengthen its presence in the competitive beauty industry.The Funding JourneyThe $9 million funding round reflects the confidence investors have in Pilgrim’s business model and growth trajectory. Fireside Ventures, a seasoned investor in consumer brands, and Vertex Ventures, a global VC…
Agrim, an emerging player in India’s agricultural sector, has successfully raised $17.3 million in a Series A funding round. This new capital injection aims to bolster Agrim’s efforts to streamline the supply chain of agricultural inputs, such as seeds, fertilizers, and pesticides, making these essential products more accessible to farmers across India.The Importance of Agriculture in India:Agriculture is the backbone of India’s economy, providing livelihoods to nearly 60% of the population and contributing around 20% to the country’s GDP. Despite its critical role, the agricultural sector faces numerous challenges, particularly in the efficient distribution of agri-inputs. Farmers often struggle to…
PhonePe, a leading digital payments platform in India, has unveiled its latest innovation, PG Bolt, a payment gateway designed to revolutionize in-app payments for merchants. This new solution aims to streamline the payment process, offering enhanced efficiency, security, and user experience. PG Bolt is set to become a game-changer in the digital payments landscape, providing merchants with a robust and reliable platform for managing transactions. What is PG Bolt? PG Bolt is a cutting-edge payment gateway introduced by PhonePe, tailored specifically to meet the needs of merchants who operate within mobile applications. The platform is engineered to facilitate seamless in-app…
Miko, the Mumbai-based robotics firm known for its innovative AI-driven companion robots for children, has successfully raised $2.5 million in a new funding round. This latest infusion of capital has pushed the company’s valuation to over $200 million, marking a significant milestone in its growth trajectory.Details of the Funding Round:The funding round was led by a group of angel investors, alongside participation from existing investors. The $2.5 million raised will be used to further enhance Miko’s product offerings, expand its market reach, and scale its operations globally. The fresh capital comes as Miko continues to innovate in the field of…
Facilio is a dynamic company based in Tamil Nadu, India, that specializes in providing Software as a Service (SaaS) solutions specifically for facilities management. Their core offering is a sophisticated cloud-based platform that aims to enhance and simplify various building management functions. These functions include:Maintenance: Ensuring that buildings are well-maintained through efficient scheduling and tracking of maintenance activities.Energy Management: Monitoring and optimizing energy use to improve efficiency and reduce costs.Sustainability: Implementing practices that support environmental sustainability and reduce the carbon footprint of buildings.Key Highlight: The use of cloud-based technology allows Facilio to offer scalable and flexible solutions, which are crucial…