Electric two-wheeler manufacturer Ultraviolette plans to invest up to USD 100 million over the next three to four years to expand its product portfolio, manufacturing capacity, and sales network. The company aims to achieve annual sales of 100,000 units within this period and expand its presence in India, Europe, and Southeast Asia. The company has […]
The Department for Promotion of Industry and Internal Trade (DPIIT) and Mercedes-Benz India have signed a Memorandum of Understanding (MoU) to support India’s manufacturing ecosystem, road safety initiatives, and environmental sustainability. The collaboration will focus on providing infrastructure, mentorship, funding, and market access for startups. According to DPIIT, the partnership will facilitate international collaborations and […]
The Indian government has announced an allocation of ₹1,000 crore for a venture fund to support space startups. The decision was highlighted by Jitendra Singh, the Minister of State for Science and Technology and other departments, during a press briefing. This move is part of a broader strategy to prioritize the space sector in the […]