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Ola To Partner With Tata Motors To Launch Electric Vehicles

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Ola To Partner Tata Motors To Launch Electric Vehicles,Startp Stories,2017 Ola Cabs Business Updates,Nano Electric Vehicle In Delhi,Ola Launches First Electric Vehicles,Ola India Biggest Cab Aggregator Startup,Electric Vehicles 2018,Electric Tata Nano Cabs,Electric Vehicles 2017 Latest News,Tata Motors Electric Vehicles in India 2017

Ola, India’s biggest cab aggregating startup, is set to launch a fleet of electric vehicles (EV) in collaboration with Tata Motors. The cab hailing startup will launch the electric Tata Nano cabs as a part of its fleet of taxis in Delhi NCR by the end of 2017.

Tata Motors first showcased the EV concept car at the Geneva motor show in 2010 and claimed to have a range of 160 km on one charge. The electric cars, however, will not be made completely by Tata Motors but will be a product of Jayem Automotives and will be called the Jayem Neo. The car will also be available for personal use as well soon.

Tata Motors will be joining companies such as Mahindra, Suzuki, Toyota, Honda and Hyundai working on electric car technology. This move is in line with Prime Minister Narendra Modi’s mission to make India go completely electric by 2030. The deteriorating air quality in the northern parts of the country in recent times prompted automakers to accelerate their plans to introduce electric vehicles in India.

Multiple previous reports suggest Bengaluru based Ola would be deploying a million electric vehicles in the next five years to capture the country’s booming electric vehicles market. Ola’s chief investor Softbank also revealed plans to make Ola an electric car manufacturer in collaboration with global carmaker, Toyota. The company was also a part of the launch of India’s first multi modal electric vehicle project held in Nagpur in May this year. Under this project, 200 electric powered public transport vehicles were supposed to be deployed on Ola’s app platform in Nagpur.  

Ola Technologies is also expected to narrow its loss this fiscal year and become profitable during the fiscal year 2018-2019. According to a valuation report by audit firm Jain Ambavat & Associates, Ola could report a net operating profit of over Rs. 1,170 crores which could grow further to Rs. 6,423.33 crores by 2020-2021.

 

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Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

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StartupStories

EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

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Venture Catalysts Raises Rs 150 Crore to Boost Multi-Stage VC Platform and AI Capabilities

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Venture Catalysts, a leading Mumbai-based venture capital platform, has secured Rs 150 crore (around $18 million) through a strategic mix of primary and secondary transactions. This fresh round of funding resulted in a company valuation of approximately $200 million and drew participation from high-profile investors such as Ashish Kacholia, the Shah Rukh Khan family office, Aishwarya Rai, as well as several established capital market veterans and renowned business houses. The move not only demonstrates strong investor confidence but also positions Venture Catalysts at the forefront of India’s rapidly evolving startup landscape.

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Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

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U.S. AI Startup Anthropic Expands Global Ban to Tackle Chinese Tech Influence

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Anthropic - StartupStories

U.S. AI leader Anthropic has expanded its restrictions on Chinese entities, taking a firm stance against access to its advanced AI models—including the renowned Claude chatbot—by any company or subsidiary more than 50% owned, directly or indirectly, by Chinese organizations. This updated AI policy is designed to block loopholes that previously allowed access to powerful AI tools via overseas affiliates, joint ventures, or cloud providers, reinforcing Anthropic’s commitment to responsible technology governance and the protection of sensitive data.

Driven by rising national security and regulatory concerns, Anthropic’s move highlights potential risks involving companies subject to Chinese jurisdiction, which could be compelled to cooperate with state intelligence and share critical information. The sweeping policy marks the first public, formal ban by a major U.S. AI company based on entity ownership and control, rather than only geographic boundaries, ultimately intensifying scrutiny on AI exports and global tech supply chains.

While the immediate business impact is expected to be modest, experts consider this a landmark decision that may set industry-wide precedents, prompting other U.S. tech giants to reevaluate their own AI export and usage policies. This development not only heightens the U.S.–China tech rivalry but also shapes the future landscape of AI governance, data security, and international compliance in a rapidly evolving digital world.

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