Under the aegis of the deal, Mahindra Group would invest up to Rs176 crore in Zoomcar India or Zoomcar Inc. which, when converted to common stock of Zoomcar Inc. on a fully diluted basis, would constitute approximately 16% stake in Zoomcar Inc., the company said in a statement. Its partnership with Zoomcar dates back to 2013, when the service was first launched in Bangalore.
"This investment in India's leading self-drive shared mobility company will enable the company to further its objective. of enabling improved livelihoods and lifestyles of people", it said. "We look forward to leveraging their diverse platform to help accelerate the transformation to a shared, electric mobility future for India", he added.
In 2017, the two companies announced a partnership to introduce EVs in the shared mobility sector.
M&M says it has been keen to invest in the shared mobility space as a part of its strategy to promote and participate in sustainable mobility solutions, including multi-modal urban mobility and also electric vehicles. PEDL now operates across 10 cities with a fleet of more than 3,000 cycles and completes almost 15,000 rides per day and partners with leading universities, IT parks, residential societies, Municipal Corporations, and Smart City groups.
Airtel rolls out Rs 9 plan, offers unlimited calling for a day As part of the telco's Prepaid Promise scheme, the plan offers unlimited voice calls, 100 SMS and 100MB data with 1 day validity. The plan can be bought in case you run out of your data or voice calling limit and require a 1-day recharge immediately.
Ford Motor (F) Upgraded by Zacks Investment Research to Hold The auto manufacturer reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). It dived, as 66 investors sold GM shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes.
Auto rental startup Zoomcar is set to raise $50 million (Rs 318 crore) from. The round also saw participation from the other existing investors of the self-drive mobility platform. The company had launched bicycle sharing service, PEDL in October last year even as the five-year-old company aims to expand to several countries in Asia and Africa.
Recently Zoomcar introduced ZAP Subscribe, a monthly subscription based program for cars. The service completes almost 15,000 rides per day and partners with leading universities, IT parks, residential societies, Municipal Corporations, and Smart City groups.
In February 2018, Zoomcar inaugurated India's first vehicle subscription program under the ZAP umbrella.
Zoomcar was founded in 2012 by Greg Moran and David Back. Today the company offers its services in major metropolitan cites like Delhi, Mumbai, Pune Chennai and Hyderabad along with second tier cities like Agra, Nagpur, Kochi and Udaipur. Additionally, more than 500 Mahindra EVs are expected to be rolled out in more than 20 Indian cities in the first half of 2018. The Series C funding round from Mahindra will allow Zoomcar to double down on its strong community building efforts to ensure it maintains its high customer retention levels.
It was the 18th school shooting in the country this year, according to gun control group Everytown for Gun Safety . This is the database used by the Federal Bureau of Investigation to determine who is able to purchase firearms.
The women's super-G has been pushed back an hour due to high winds on top of the mountain at the Jeongseon Alpine Center. Lindsey Vonn will make her 2018 Olympic debut tonight in super-G, and she is not wasting any time .
Deutsche Bank maintained Applied Materials, Inc. (NASDAQ:AMAT) has "Outperform" rating given on Thursday, March 31 by BNP Paribas. After $0.93 actual EPS reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 4.30% EPS growth.
Matters went from bad to worse for Spurs as Ben Davies tripped Bernardeschi inside the area and the referee pointed to the spot. For all of Juventus defensive prowess, Harry Kane couldn't be stopped from scoring to continue the insane season he is having.
It dived, as 47 investors sold EBAY shares while 306 reduced holdings. 59 funds opened positions while 121 raised stakes. Violich Capital Management Inc bought 5,920 shares as the company's stock declined 3.59% while stock markets rallied.
Reich is no stranger to working with top-tier quarterbacks, notably Peyton Manning , Philip Rivers and Carson Wentz . The future is seemingly bright for Indianapolis with Frank Reich, Chris Ballard, and Jim Irsay at the helm.
According to 9 News, the officers were struck down during an RBT operation by a speeding auto on Campbelltown Road, Woodbine. The driver of the auto wasn't injured and was taken for mandatory blood and urine testing.
His sly humour and flashes of kindness make him a confusing, mysterious presence for his newest Handmaid, reported Deadline . Season 2 is said to center around the consequences of the finale and will deal very much with the child inside of Offred .
We may learn more about the motives that led to the shooting, and the missed opportunities to pick up on potential warning signs. We have an opportunity to elect candidates who won't allow kids to go to school and get shot.
Great West Life Assurance Communications Can holds 9.87 million shares or 0.82% of its portfolio. (NASDAQ:HSNI) for 42,081 shares. Teva Pharma had 146 analyst reports since July 21, 2015 according to SRatingsIntel. (NASDAQ:HSNI) rating on Tuesday, November 8.
The Honda Classic will be the third official event in which the 42-year-old, who owns 79 career PGA Tour titles, the last of which came at the 2013 WGC-Bridgestone Invitational, will have teed it up in 2018.
Mourning those lost in the Parkland school shooting
The White House says President Donald Trump will no longer travel to Orlando today for a scheduled infrastructure event. Entertainment Weekly also reported that Kimmel added that he agreed with Trump that it is a mental health issue .
(JPM) Upgraded to "Hold" by Vetr
JPM stock is now showing upward return of 7.07% throughout last week and witnessed rising return of 2.23% in one month period. The stock of George Weston Limited (TSE:WN) earned "Market Perform" rating by BMO Capital Markets on Wednesday, November 2.
Champions League: Playoffs kicking off
Scruff of the neckDybala scoring his second goal in the coming of age performance against Barcelona last season. Spurs can only be defeated if Juventus work twice as hard, ensuring they are disciplined and intelligent.
Timberwolves rally, send Lakers to third straight loss
Butler and Gibson, the former Chicago teammates, muscled their way to the basket with a fierce determination down the stretch. Lakers: Host Dallas on February 23 after the NBA All-Star break , their only home game in a 24-day span.
Warning signs may have been missed in school shooting case
The boys were left in the care of a family friend after their mother died, said family member Barbara Kumbatovich, of Long Island. Cruz fired "well over" 100 shots at students, teachers and staff, a law enforcement source told the Sun-Sentinel in Florida.
Mexico hit by 7.5-magnitude quake : USGS
A magnitude 7.1 natural disaster in central Mexico on September 19 left 228 people dead in the capital and 369 across the region. Situated closest to the epicenter is the municipality of Pinotepa de Don Luis, with a population of some 6,700.