Live signals: ZENO RAISED USD 25m Series-A (Mar 26); SPIRO RAISED USD 270m (June/July 26); ARC RIDE RAISED USD 23m Series A Equity + USD 10.3m Debt (Sep26); OLA PLANS INR 1.5bn QIP; YULU USD 93m (Aug 26); E3ELECTRIC.AI RAISED USD 10.4m (Jul 26); RIVER RAISED USD120m (Aug 26); SIMPLE ENERGY RAISED USD 13.5m Series B Equity + USD 13.1m Debt (Jun 26); DODAI RAISED USD 13m Series A (May 26); MATTER RAISED USD 25m (Aug 26); BGAUSS RAISED INR 1100m (Aug 26); ROAM TARGETS USD 15-20m; DAT BIKE RAISED USD 22m (Oct 25); OMOWAY Undisclosed (10s of millions of USD)(Jan 26)
African battery-swapping giant Spiro has lined up another hardware supplier with Yadea, the world's largest electric two-wheeler manufacturer. In an announcement made three days ago, Spiro said that they will partner with Yadea to deploy more electric motorcycles in Africa and also to develop Africa-specific products.
Kenya's ARC Ride has closed a mixed equity-and-debt round to add 5,000 motorcycles and push into four new markets. This is a significant raise by any count and makes ARC Ride a significant player in a market where Spiro overshadows everyone in access to capital.
Ola gets a respite as the GoI rebases its cell PLI scheme. This removes the penalty for late implementation and also opens the door for future subsidies to be earned.
Vmoto has a sharp sales bounceback in H1; the company continues its international expansion strategic play with JVs in Thailand and a new regional HQ in Saudi Arabia
Yamaha has another rebadged scooter as it fulfils its responsibilities as a minority shareholder in the Gachaco consortium.
Zeno makes two senior appointments, both on the charging side. We read it as a strategic shift away from swapping as the African wars get hotter
Livewire's acquisition of Dust Moto is the most significant move that the Harley spin-off has made in its quest to find that elusive profitability.
The Delhi EV policy is being discussed in the industry and government circles. At a glance, it appears revolutionary, but does it cover all the needed points?
Roam has unveiled the fastest charging battery pack in the African market. What's even better - the pack comes with a 100,000 km warranty.
Gachaco has been all Honda-driven till now. It makes sense then that it is now a subsidiary of Honda with Suzuki and Yamaha also investing fresh capital.
Zeno has raised a USD 25 million Series A. This is very significant as most African e-mobility startups have been starved for funding.
Sur-Ron wins a legal battle against Talaria as a US court awards it USD 10 million; more than the money it is the ramifications that are important
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