Electric Avenue

GTA Semiconductor has been backed by state-owned venture capital firms like Shanghai-based Spinnotec, which first announced the USD 1.8 billion fund-raising round on Monday, without specifying the entities involved. Chinese auto chipmaker GTA Semiconductor recently completed a largely state-funded financing round worth over USD 1.8 billion, state-backed Securities Times reported on Wednesday, with the move…

General Motors’ autonomous ridesharing operation Cruise hasn’t exactly had a great few weeks. The division has been under fire from the public and regulators in recent weeks, even having its permit to offer driverless for-pay rides suspended by the state of California due to overwhelming safety concerns. Now, in another blow to the money-bleeding robotaxi…

Renault Group’s Ampere EV unit has unveiled the next-generation Twingo electric city car in concept form at the inaugural Ampere Capital Markets Day. Expected to debut in 2026, the Renault Twingo A-segment hatchback will be the brand’s most affordable electric car with a targeted price of under 20,000 euros ($21,700) and a monthly cost of…

EBITDA for the quarter stood at INR 131 crores, EBITDA margin at 11%, growth of 18 bps. The Profit after Tax (PAT) was INR 59 crore with a PAT margin of 4.9%, the company said in a media release. New Delhi: Minda Corporation Limited (Minda Corp) the flagship of Spark Minda, delivered consolidated revenue of…

More than 17,000 units of electric vehicle (EV) chargers were sold in 2021, the joint report of Customized Energy Solutions(CES) and India Energy Storage Alliance (IESA) said. New Delhi: The domestic demand for EV chargers is likely to grow at a CAGR of 65% to reach the 3 million unit mark by 2030, according to…

“This has developed India as a major trusted geography in which global industry players want to come. We can see in the coming few months at least two more large semiconductor proposals taking shape,” PTI quoted Vaishnaw. Union Minister Ashwini Vaishnaw on saturday siad that there are two big semiconductor proposals which are under process…