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This startup can convert any fuel-powered scooter to an electric scooter

As the automobile sector in the country prepares to embrace electric mobility with open arms, there are significant challenges to overcome. Meladath Auto Components offers a middle ground service of converting your regular automobile to a hybrid electric one. The recent air pollution crisis in the capital city caused an inevitable hullabaloo in the region leading to the announcement of a public health emergency by the government. The clamour to tackle air pollution in India and across the world largely center around getting more electric vehicles on our roads and limit the use of vehicles powered by internal combustion. However, a rapid transition to electric vehicles in a country of 1.3 billion people is not a feasible option. The move is likely to cause a huge dent in the automotive industry and will leave massive amounts of vehicle waste. Seeking an easier solution to accelerate adoption of electric vehicles with comparatively lower consequences, Rakesh Meladath Karunakaran along with his wife Winnie Gangadharan formed Meladath Auto Components in 2016, which can convert your regular petrol scooter into an electric hybrid scooter. The two-in-one scooter We are in an era where most mobility solutions are driven by fossil fuel, be it petrol or diesel. With the world looking at alternative fuels, electric vehicles are often considered the panacea. “The problem is not in adapting the electric mobility solution. The issue would be what to do with the existing mobility solutions running on fossil fuels on the roads today,” Karunakaran told ET. The 39-year-old former Mahindra and Mahindra employee believes that migrating to e-mobility solutions will lead to the challenge of vehicle waste management. Despite a slowdown, according to a report by the Society of Indian Automobile Manufacturers (SIAM), the first nine months of FY 2019 showed a 5% growth year-on-year among premium […]

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Electric scooter sharing firm VOI raises $30 million for European expansion

VOI-Electric scooter sharing firm VOI raises $30 million for European expansion STOCKHOLM: Electric scooter sharing firm VOI Technology has raised $30 million in another fundraising round since being set up seven months ago for its European expansion and investment in research to fend off growing competition, it was reported on Monday. Uber Technologies Inc, Alphabet and several other high-profile investors are very interested in gambling on scooter-sharing leading to rapid rise in Europe thanks to large commuter populations and lower levels of car ownership compared to USA. Domestic startups such as Tier and Dott and U.S. rivals Bird and Lime raised thousands of dollars in 2018 to expand further into the crowded marketplace after having successfully put many scooters on European roads. VOI is backed by investors such as BlaBlaCar CEO Nicolas Brusson and venture fund Balderton Capital. Their belief they can beat rivals by building closer relationships with city authorities gives them an edge over competitors such as Uber. Unlike major rivals, “asking ‘permission’ before we enter new towns and cities means we can work with the authorities on the ground to offer more than just a viable alternative to cars,” CEO Fredrik Hjelm said. We could also “help people to combine their e-scooter journeys with the existing public transport network,” he added. People can locate nearby VOI scooters via an app or maps and then ride it by paying a 1 euro unlocking fee plus riding costs of 0.15 euro per minute. August launch has seen VOI build up over 400,000 riders, taking more than 750,000 rides, and it said it would use the new funds to expand in Italy, Germany, Norway and France. Critics warn operators could face similar issues as bike sharing firms. Forced into price wars due to competition and facing backlash from authorities over

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