Tag Archives: VC

HeroMotor Corp invests in Ather Energy

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Country’s largest two-wheeler maker Hero MotoCorp will invest up to Rs 205 crore in one or more tranches to acquire up to 30% stake in Bengaluru-based Ather Energy Pvt.

“The board of directors of the company, in its meeting held on October 26, 2016, approved an investment of up to Rs 205 crore, in one or more tranches, for approximately 26-30% shareholding in Ather Energy Private Ltd,” Hero MotoCorp said in a BSE filing.

The strategic investment is subject to execution of definitive agreements and completion of certain conditions customary for a transaction of this nature.

It further said: “As the market leader and… Continue reading →

Why Venture Capital and Pre-Orders are a shitty combo?

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Where ever there is venture capitalist there is that line on the website asking you for a “pre-order”. Where ever there is pre-order there there is venture capitalist. What the hell is the pre-order? Before the VCs era there was either an order or cancellation of the order. But pre-order is the request to make an order for a product that is still NOT produced yet… but exist only on paper or probably in plans. If there are… Continue reading →

Tork to launch by Diwali!!! (Oct 2016)

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When Ather Energy was in the process of designing and building its electric scooter never in their wildest dreams did they think that the biggest competition for them would be from another start-up company in India. This competition could indeed be in the form of Tork Motors the developers of Electric Motorcycle who are planning for a Diwali 2016 launch.

Both companies are building their vehicle on Li-Ion battery technology. Ather is having a range of 70kms and top speed of around 75kmph. Tork is supposed… Continue reading →

Are you up for the EV Racing Challenge?

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Indo Asian Solar Challenge

Indo Asian Solar Challenge

Lovely Professional University, Phagwara‎, Punjab, India had organised the Electric Bike Racing Challenge and is now organizing the  Indo Asian Solar (car) Challenge (IASC) 2016 both great platform for the students of the University to exhibit their skill and knowledge. This is also a great platform to get experience in wining potential investors or Venture Capitalist. The university has also made good effort in publicity and providing a good prize money (Rs 100,000 to 500,000) as an incentive for the winners. The latest challenge is the Indo Asian Solar Challenge 2016.

Today we at PlugInCaroo ask some soul searching questions both from the students and the faculty. With all respect please note that we are not complaining about LPU nor about the students but just asking if we could all together improve the already set standards… not to follow how the solar races happen elsewhere in the world… but to set our own standards which other International Colleges would want to meet?

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