Entrepreneur Staff: Page 18
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Latest: Page 18
Folks Motor Unveils 'Folks Funds' to Strengthen EV Manufacturing, Raises INR 100 Cr in First Close
The fund will strategically invest in areas like powertrain systems, energy storage, Electronic Manufacturing Services (EMS), and system integration, with a strong focus on achieving a minimum 50% domestic value addition—aligned with the government's 'Make in India' goals.
Pronto Raises USD 2 Mn from Bain Capital to Scale Rapid Home Services
The funds will be deployed to expand operations, grow the team, and launch in newer cities as the company ramps up its rapid home services model.
Euler Motors Raises INR 638 Cr in Series D Round Led by Hero MotoCorp and BII
The fresh capital will be deployed to expand Euler Motors' nationwide sales and service network and accelerate the development of new electric commercial vehicle (ECV) products aimed at mass adoption.
Sapphire Media Acquires Big 92.7 FM
The National Company Law Appellate Tribunal (NCLAT) and NCLT Mumbai had earlier approved the resolution plan submitted by Sapphire Media in December 2024 and May 2024 respectively, dismissing objections raised by competitors, including Radio Orange.
VerSe Innovation to Lay Off 350 Employees Amid Strategic AI-Driven Overhaul
The company aims to become profitable by the end of the year, leveraging AI to automate manual processes and reduce costs.
TIH Foundation, IIT Bombay Backs Airbots Aerospace to Strengthen Indigenous Drone Ecosystem
"This investment and collaboration with TIH Foundation enable us to address gaps in India's drone ecosystem with innovative, locally developed solutions," said Danish Ghori, Co-Founder and Managing Director of Airbots Aerospace
