Chandigarh-based Autorickshaw aggregator Jugnoo is claimed to have raised USD 10 million in funds in a series-B round of fundraising. The startup has raised funds from investors like Paytm, Snow leopard and venture capital firm Rocketship.vc. Praised to have the potential to create a disruptive change in public transport ecosystem, Jugnoo has seen Paytm invest USD 5 million in it.[Read More…]
Baja Auto’s Qute quadricycle continues to make consumer groups wary. Especially on the issue of safety. A consumer group is known to have expressed concern about the safety of the Qute in a letter addressed to Rajiv Bajaj, the company’s managing director. The letter refers to the results of a recently concluded crash test conducted by the European New Car[Read More…]
The Delhi Government is said to have issued a warning to cab aggregators including Ola and Uber. The government is claimed to have warned the aggregators of dire consequences if they do not roll back surcharge pricing. Surcharge pricing is levied on passengers during the peak hours of commute. Cab aggregators charge passengers a higher than base rate charge per[Read More…]
Japanese electric two-wheeler and three-wheeler manufacturer Terra Motors will export a select range of vehicles it manufactures to African markets of Ethiopia, Nigeria, Tanzania and Sudan. The company, through its wholly owned Indian subsidiary, launched the Y4Alfa e-rickshaw at a price of Rs.1.3 lakh early this year. It also announced a plan to sell 30000 units of e-rickshaws and 20000[Read More…]
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