Magna looks to enter micromobility market with $77-million investment in EV startup Yulu

Yulu operates around 10,000 low-speed electric two-wheelers in Bangalore, Delhi, and Mumbai. It is targeting an additional 15 cities in the next 18 months.

Micromobility, which facilitates transportation over short distances through light weight vehicles such as electric scooters and bikes, has flourished globally, supported by government incentives for the use of environmentally friendly transportation. Earlier this year, India’s finance minister said that the country will introduce a new policy for battery swapping to boost sales of electric vehicles .

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada's Ultra-Luxury Market is Unaffected by Climbing Interest RatesThe 1% of Canada are still buying real estate — and the country’s priciest cities are no exception. realestate realestatenews realestatemarket luxury
Source: storeyspub - 🏆 16. / 74 Read more »

Airdrie house sells at a premium as Calgary market tightensAfter two weeks on the market, Airdrie rowhouse nets above-asking offer People are eight billion, but when I call for help, no one hears please save me Thank you for information. Did you know that a Palestinian patient could not find medicine because of Israel? In JUNE you ridiculous shysters trying to trick your readers in a falling market. Again.
Source: globeandmail - 🏆 5. / 92 Read more »