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EV Startup: Vidyut, a full-stack EV ecosystem startup, has raised $10 million in a Series A round. The startup aims at facilitating easier EV ownership for small and large businesses by offering solutions such as EV insurance, lifecycle management and EV resale.
The company said it aims to double the headcount by the end of next fiscal as it prepares to build a full-stack EV ecosystem and that it will utilise the fresh capital to scale its offerings to the EV ecosystem.
The Ather 450 is offered in a total of three variants namely Ather 450Apex, Ather 450X, and Ather 450S.
Fisker: Failure to comply with the NYSE's rules can lead to a delisting and companies typically use reverse stock splits to regain compliance with the minimum price requirement.
More than 100 dealers in the United States, Canada, and Europe have expressed interest in becoming a Fisker dealer, the electric vehicle (EV) company said. While the EV startup made more than 10,000 vehicles in 2023, it delivered only about 4,700 units of Ocean sport utility vehicles due to logistics constraints.