Archives February 2025

Okto Unveils DollarOKTO Grant Program, Offering 2.5 Million Points to Support Ecosystem Growth Pre-TGE

Bengaluru, February 20, 2025 – Okto, the leading Chain Abstraction Layer, is thrilled to announce the launch of its Okto Grants Program. Developers with a compelling idea, projects with proven proof of work, a live project or one ready to scale are eligible for grants of up to 2.5 Million Okto points, with funding decisions typically made on a monthly basis. Designed to fuel ecosystem growth, the program empowers developers and projects to build on the Okto platform while rewarding them for onboarding users to its embedded wallet SDK. With the Token Generation Event (TGE) scheduled for March 2025, the Okto Grants Program aims to create a vibrant, user-centric ecosystem that bridges the gap between Web2 and Web3.

The Okto Grants Program is structured to incentivize developers and projects to integrate the Okto embedded wallet SDK, enabling seamless onboarding of millions of users.

Why Build with Okto?
● One-Click Onboarding: Simplify user access to Web3 apps.

● Interoperable Wallets: Manage assets across multiple chains without bridging.

● Data Abstraction: Unified wallet balances and indexed on-chain events.

● Time-to-Market Advantage: Build faster with a 95% reduction in time compared to traditional methods.

● Developer-Friendly Tools: Okto Blocs offer pre-built APIs for quick integration.

“For Web3 to truly become all-pervasive and touch every tech stack in the world, we need to bring Web3 to the users and developers, and not the other way around,” said Rohit Jain, Head of DeFi Initiatives at Okto. “At Okto, our mission is to empower developers and accelerate the adoption of Web3. With our Okto Grants Program, we’re rewarding early adopters who are helping bridge the gap between Web2 and Web3. This initiative is designed to foster community-driven innovation and create a thriving ecosystem where developers can seamlessly integrate blockchain into their apps. As we approach our TGE, we’re excited to see the transformative impact this program will have on the future of blockchain technology.”

How Much Can You Get?
The Okto Grants Program rewards developers for integrating Okto SDK and driving wallet activity on their products. Here’s how it works:

  1. Initial Grant Allocation:
    Each project can unlock up to 125,000 Okto points i.e. 5% of the total points pool after integrating Okto SDK and having at least one Monthly Active Wallet (MAW).
  2. Milestone-Based Rewards:
    You earn Okto points per monthly active wallet onboarded* to your product via Okto SDK. For example:
    ○ Onboarding 1,000 monthly active wallets earns you 20% of the total Okto points supply i.e. 500k Okto Points, which can be converted into $OKTO tokens during the Token Generation Event (TGE).

JW Marriott Pune Hosts Cat Bite Club for Exclusive Bar Takeover

Pune, February 2025: Paasha at JW Marriott Pune is all set to ignite your senses as they bring Cat Bite Club, Singapore, the bar that has redefined Asia’s cocktail culture all set to bring its vibrant, convention-defying spirit for an exclusive three-day bar takeover from 21st to 23rd February 2025.

JW Marriott Pune invites you to dive into a world where flavors are fearless, spirits are wild and every cocktail tells a story of rebellion and creativity. Ranked #56 on the World’s Best Bars 2024 and #77 in Asia’s Best Bars 2024, Cat Bite Club has carved its name into the global cocktail map with its irreverent charm and unapologetically bold approach to mixology. Home to Singapore’s largest collection of agave spirits, boasting an unparalleled selection of over 200 spirits, the bar celebrates the rich heritage of agave while revolutionizing traditional cocktail culture. With a philosophy rooted in going beyond the norms while honoring tradition, this Singapore-based bar is set to shake up Pune’s cocktail scene with inventive, high-voltage creations that push the boundaries of agave spirits.

Known for its rich flavors, avant-garde mixology, and rebellious approach to cocktail craft, Cat Bite Club promises a distinctive and unforgettable drinking affair. At this exclusive bar takeover, guests can expect an intoxicating blend of adventurous profiles, unexpected ingredients, and an electric atmosphere that celebrates the art of cocktail-making with a playful twist. The bar’s mixologists Minwoo and Allen will showcase a specially curated cocktail menu featuring agave-forward creations that are as robust in flavor as they are in presentation.

Signature cocktails include Invisible Gin, a crisp blend of gin, pineapple, ginger, and apricot; Meow Now Brown Cow, a rich mix of Anejo tequila, coffee liqueur, and banana cordial; I Love Gold, a bold fusion of bourbon, rye, cacao blanc, and absinthe; Momma Mia Melon, a refreshing gin and rock melon creation; Garden City, a citrusy mix of bourbon, Italicus, and grapefruit and Passionista, a spicy, tropical blend of tequila, passionfruit, and jalapeno cordial.

Set against the breathtaking rooftop views of Paasha, JW Marriott Pune’s iconic rooftop lounge, this takeover promises an unforgettable blend of luxury, dynamism, and exquisite mixology. The ambiance will mirror the playful, unpredictable essence of Cat Bite Club, infusing the atmosphere

Yokohama Rubber in CDP’s A List on Climate Change

Yokohama Rubber CDP

20th February 2025, India—The Yokohama Rubber Co., Ltd., is proud to announce that it has once again been recognized for leadership in corporate sustainability by the global environmental non-profit CDP, which on February 6 named Yokohama Rubber to its A List of companies receiving the highest score for their leadership in environmental transparency and climate change. Yokohama Rubber’s selection recognizes its efforts to cut greenhouse gas emissions, mitigate climate change risks, and disclose highly transparent information, based on its responses to the CDP’s 2024 climate change questionnaire. This is Yokohama Rubber’s third straight and sixth time on the A list.

CDP runs the world’s environmental disclosure system for companies, cities, states, and regions. Founded in 2000, it has motivated companies to disclose their environmental impacts and reduce greenhouse gas emissions, safeguard water resources, and protect forests. CDP scores are widely used to drive investment and procurement decisions toward a zero-carbon, sustainable, and resilient economy. In 2024, more than 24,800 companies around the world and more than 2,100 companies in Japan, including more than 70% of companies listed on the Tokyo Stock Exchange’s Prime Market, responded to CDP’s questionnaire on environmental disclosures.

Under the sustainability slogan “Caring for the Future,” Yokohama Rubber is creating shared value by addressing social issues through its business activities.

RedBeryl Gears Up for a Blue-Fueled India vs Pakistan Campaign in ICC Champions Trophy 2025

20th, February 2025, India: After a resounding success, RedBeryl™ is all set to #MakeItBLUE once again! Elevating excitement and redefining its Members experiences, RedBeryl™ is gears up for the most anticipated cricket clash of the year—India vs. Pakistan at the ICC Champions Trophy 2025 on 23rd February 2025 at Dubai International Cricket Stadium.

redberyl

 “The India-Pakistan clash is more than just a game; it’s a spectacle that unites millions of passionate fans. At RedBeryl™, we believe in transforming moments into cherished memories. Following the remarkable success of #MakeItBLUE last year, we are thrilled to go the next mile by providing extraordinary VIP experiences for our Members to revel in, enabling them to witness this much-awaited match—immersed in luxury and exclusivity.” said Manoj Adlakha, Founder and CEO, RedBeryl™.

 Through its exclusive Dreamweaver services, RedBeryl™ is offering a once-in-a-lifetime VIP experience tailored for cricket enthusiasts. Members will enjoy premium access to the match, ensuring they are not just spectators but part of an elite celebration.

 Here’s what RedBeryl™ Members can expect:

  •  Premier Seating: The best seats in the house, right behind the bowler’s arm, offering an unmatched view of the action.
  • Hospitality: Complimentary gourmet food and beverages throughout the match.
  • Networking Opportunities: Exclusive access to VIP lounges for socialising with high-profile guests.
  • Personalised Transportation: Private car service to and from the airport or venue.

 RedBeryl™ continues to set the benchmark for unparalleled luxury experiences. The return of #MakeItBLUE for ICC Champions Trophy 2025 reaffirms RedBeryl™’s commitment to curating unique moments for its discerning Members. Whether it’s world-class hospitality, premium seating, or unforgettable interactions, RedBeryl™ ensures that cricket enthusiasts experience the game in the grandest way possible.

Scandalous Foods & Zepto Café Partner for 10-Min Mithais

Zepto

Mumbai, February 20th, 2025: Scandalous Foods, a leading B2B innovator in Indian sweets for the restaurant and catering industry, has announced an exciting partnership with Zepto Café, marking a new milestone in making traditional Indian mithais more accessible than ever. Through this collaboration, customers can now enjoy classic desserts like Ras Malai, Shahi Tukda, and Moong Dal Halwa, delivered within just 10 minutes of ordering—fresh, hot, or perfectly chilled, as they should be.

Scandalous Foods, known for its mission to integrate this into every meal eaten out or ordered in, sees this partnership as a strategic move to tap into the impulse-buying segment for post-meal indulgences. Zepto Café, with its commitment to delivering fresh, high-quality food at lightning speed, now includes a thoughtfully curated mithai selection, seamlessly fitting into its expanding menu of over 232 products.

“Mithais have always been a staple of Indian celebrations and everyday indulgence, and with Zepto Café, we are ensuring they reach customers at the right moment—fresh, fast, and irresistible,” said Sanket S., Co-Founder of Scandalous Foods. “By leveraging Zepto’s robust distribution network, we are not only expanding the accessibility of mithais but also gaining valuable insights into consumer impulse buying trends across different regions.”

The mithais offered under this partnership will be sold under the Zepto Café brand, allowing customers to experience high-quality traditional sweets without co-branding complexities. Additionally, Zepto will introduce exclusive discounts on these products at multiple points throughout the year, further driving customer engagement and trial.

The rollout of this partnership will initially cover key metro cities, including Mumbai, Bangalore, NCR, Hyderabad, Chennai, Pune, and soon, Kolkata. As demand for high-quality Indian sweets continues to rise, Scandalous Foods anticipates strong sales through Zepto’s network, reinforcing its mission to make mithais as commonplace as ice cream in the Indian dining experience. With this expansion, Scandalous Foods is not just innovating in the Indian sweets space but also revolutionizing convenience-driven indulgence overall.

Appdome Combats AI-Deep Fakes on Mobile Devices with Groundbreaking Security Solutions

India– Feb. 20, 2025 – Appdome, the leader in protecting mobile businesses, today announced it is extending its Account Takeover Protection suite with 30 new dynamic defense plugins for Deep Fake Detection in Android & iOS apps. The new plugins are designed to guarantee the integrity of Apple Face ID, Google Face Recognition and 3rd party face and voice recognition services against AI-generated and other deepfake attacks. Like all Appdome defenses, each of the 30 new dynamic defense plugins for Deep Fake Detection is available by choice using the Appdome platform without the need to integrate code, perform manual coding, implement SDKs, or deploy servers.

“The mobile economy depends on the integrity of facial recognition, FaceID and other biometric authentication methods as they are more and more used to reduce friction,” said Eric Newcomer, CTO and Principal Analyst, Intellyx. “However, attackers are constantly finding new ways to bypass biometric authentication. Appdome is taking on the challenge of AI-Generated Deepfake Attacks head on and providing mobile businesses the granular detection and control defenses to stop these attacks inside the mobile app, preventing them from passing attack data to other systems. This is a great way to combat ATOs and ODF quickly and efficiently.”

The mobile economy trusts Face ID and facial recognition for authentication, Know Your Customer (KYC) compliance, and to combat on-device fraud (ODF). Mobile brands rely on facial recognition, including liveness checks, to streamline authentication while also building and maintaining trust with their users. Brands tell users that facial recognition will ensure that only the authorized account holder can access their apps, accounts, and services. However, the number and sophistication of attacks targeting every aspect of facial recognition and biometric authentication have exploded in the last nine months, driven by the rise of AI-generated deepfakes, virtual cameras, image substitution, buffer attacks, voice cloning and other methods. Deepfake attacks easily generate hyper-realistic and adversarial replications or manipulations that can fool facial and voice verification systems. Sometimes attackers use virtual cameras to inject pre-recorded or live video streams into the facial recognition process. Other times, image buffer attacks manipulate face data processing in real time to bypass liveness detection processes. The speed of evolution, ease of use, and ubiquity of deepfake attacks make deepfake detection one of the top anti-fraud and anti-ATO objectives for brands and enterprises in 2025.

“Everyone, from mobile app developers to enterprises to Face ID and Facial Recognition vendors, are struggling with the technical challenges of detecting AI-generated Deepfakes and Face ID Bypass techniques,” said Tom Tovar, CEO of Appdome. “While no one can stop the creation of deepfakes, we’ve succeeded in stopping their use inside mobile applications and we’re making our innovations available to mobile app developers and face recognition vendors alike.”

Despite the growing sophistication of Face ID and facial recognition services for mobile applications, Face ID bypass techniques, which manipulate biometric authentication processes, use virtual cameras and use AI-generated synthetic images or streams to mimic legitimate users, have started to outpace biometric authentication methods. Additionally, malicious actors are developing tools and techniques to exploit vulnerabilities in device hardware, face recognition software and face recognition APIs to compromise the integrity of biometric authentication. These challenges highlight the need for enhanced security measures around the biometric authentication workflows, to safeguard Face ID and facial recognition against deepfake attacks.

Appdome’s Deep Fake Detection plugins sit on top of OS-native or third-party Face ID, facial recognition and voice recognition methods, including face verification SDKs. This approach ensures that any facial recognition process is secure from deepfake attacks and provides enhanced integrity and security for authentication workflows, regardless of the provider. Specific attack vectors that Appdome’s Deep Fake Detection protects against include:

  •  Face ID Bypass: Detects attempts to bypass Native Android and iOS biometric, facial recognition authentication systems on mobile devices, including FaceID and Biometric API calls, hardware abstraction layers and more.
  • Deep Fake Apps: Detects deepfake and face swap apps that can be used to spoof facial recognition services used by Android and iOS applications, including in combination with virtual camera and video injection tools.
  • Deepfake Video Detection: Detects synthetic identity attacks, video injection, frame and image buffer attacks, Direct Memory Access (DMA) attacks, monitors face embeddings and more.
  • Appdome Liveness Detection: Applies primary or secondary liveness check to ensure a real face is used during the facial recognition process, applying AI models to verify 3D depth, skin texture, lighting, eye reflectiveness, the strength of liveness image, and more.
  • Voice Cloning: Detects synthetic voice spoofing and voice cloning apps when in use with the protected application, perfect for applications that rely on “my voice is my password” authentication workflows.

Brands and businesses can expect each Appdome defense to detect a Deep Fake attack as well as its variants. Appdome dynamic defense plugins use real-time behavioral analysis to detect the behaviors and methods that the multitude of FaceID bypass and AI-based Deep Fake and Voice Cloning Tools use to exploit authentication checks in Android & iOS apps. As a learning system, it constantly evolves to ensure continuous defense against Deep Fakes and related threats.

“It’s amazing how fast facial recognition, FaceID and other biometric authentication methods were undermined by AI-generated deepfakes in the mobile economy,” said Chris Roeckl, Chief Product Officer at Appdome. “Appdome is the only solution on the market that places sentries and defenses deep in the execution framework of the mobile application to prevent the deepfake delivery model and well as the use of deepfakes in the applications themselves.”

Four Covestro U.S. Sites Now Running Entirely on Renewable Electricity

Covestro

Covestro, a world-leading supplier of high-tech polymer materials, today announced that four of its U.S. sites have reached net-zero Scope 2 electricity emissions through the allocation of Renewable Energy Certificates (RECs). This achievement is a result of Covestro’s existing virtual Power Purchase Agreement (vPPA) with Ørsted, a renewable energy leader in the U.S. market, headquartered in Denmark.

The Covestro U.S. sites Channelview, Texas, South Deerfield, Massachusetts, New Martinsville, West Virginia, and Pittsburgh, Pennsylvania, have achieved net-zero Scope 2 emissions for electricity. The sites in South Deerfield, New Martinsville, and Pittsburgh have now even achieved complete net-zero Scope 2 emissions. The remaining certificates have been applied to Covestro’s Baytown, Texas facility.

“Even in a persistently challenging market environment, we are working towards our goal of climate-neutral production by 2035 and are consistently implementing our strategy of fully aligning ourselves with the circular economy,” said Thorsten Dreier, CTO of Covestro. “By leveraging renewable energy, we’re not just reducing our carbon footprint – we’re actively shaping a brighter future for our industry.”

The agreement with Ørsted, which provides Covestro with 90 MW of renewable energy capacity, will reduce approximately 90,000 tons of CO2 emissions annually. This represents a significant step towards Covestro’s goal of climate-neutral production by 2035.

“Our partnership with Ørsted is a prime example of how collaboration and innovation can drive meaningful change in our industry,” says Samir Hifri, chairman and president of Covestro LLC. “We’re proud to be at the forefront of sustainable practices in the chemical sector and look forward to continuing to execute our strategy to grow sustainably in the U.S.”

This announcement follows Covestro’s recent low triple digit million Euro investments across multiple U.S. sites, further solidifying the company’s commitment to growth and sustainability in the North American market.

Mirae Asset Sharekhan Joins Forces with ICICI Prudential Life Insurance and HDFC Life

Chandigarh February 20, 2025 – Mirae Asset Sharekhan, one of India’s leading full-service financial platforms, has announced its strategic entry into life insurance distribution through partnerships with ICICI Prudential Life Insurance and HDFC Life. This initiative represents a significant step in Mirae Asset Sharekhan’s commitment to integrating wealth creation with long-term financial security, ensuring that customers can navigate their investment journeys with confidence.

With an increasing number of retail investors directly participating in stock markets, Mirae Asset Sharekhan recognizes the need to help customers with solutions under one umbrella. While stock market investments offer the potential for high returns, they also come with inherent risks. By integrating life insurance solutions from two of India’s trusted insurers, Mirae Asset Sharekhan aims to ensure that it becomes a one-stop solution provider for its customers’ financial needs.

Mirae Asset Sharekhan’s foray into life insurance distribution is rooted in its mission to empower investors with financial knowledge and risk management tools. The partnerships with ICICI Prudential Life Insurance and HDFC Life will enable customers to access a curated range of life insurance products, including:

  • Term life & health plans for income protection and financial security for dependents
  • Unit Linked Insurance Plans (ULIPs) that combines market-linked returns with life cover
  • Endowment plans that allow customers to build risk-free savings along with life cover, while ensuring financial protection for their families
  • Annuity and retirement solutions to ensure financial stability post-retirement

 The life insurance distribution partnerships with ICICI Prudential Life Insurance and HDFC Life will provide Mirae Asset Sharekhan’s customers with comprehensive wealth-building and protection solutions.

ICICI Prudential Life’s Guaranteed Pension Plan Flexi helps build retirement savings with a guaranteed lifelong income, offering an increasing annuity option that grows by five percent annually and liquidity through a special withdrawal feature. ICICI Prudential Life’s GIFT Select plan combines financial protection with a guaranteed income stream, ensuring stability for major life events along with a life cover.

HDFC Life’s Click 2 Protect Elite, provides a financial safety net to customers and their loved ones against life’s uncertainties while also securing their lifestyle, along with the option of returning all premiums paid in case the customer opts for the Smart Exit Benefit. HDFC Life Click 2 Achieve, offering Guaranteed Immediate Income enables one to build a life insurance product using customizable options for premium payment term, policy term and benefits (lumpsum/ regular payouts) along with riders.

Parminder Varma, Chief Business Officer at Mirae Asset Sharekhan, said, “At Mirae Asset Sharekhan, our vision is simple yet impactful – Making life insurance more accessible to India, aligning seamlessly with part of the Government of India and IRDAI’s broader goal of achieving “Insurance for All” by 2047, ensuring that every citizen has appropriate life, health and property insurance coverage. True wealth creation is not just about making smart investment choices but also about securing financial stability at every stage of life. Through our partnerships with ICICI Prudential Life Insurance and HDFC Life, we are committed to bridging the gap between wealth growth and financial security, empowering customers to build a more resilient financial future.”

Mirae Asset Sharekhan will leverage its extensive distribution network, comprising 129 branches and 550+ relationship managers across India, to offer these life insurance solutions. Customers will benefit from:

Branch & Relationship Manager support to determine the best insurance solutions based on their investment goals and risk profile.
An education-driven approach, helping customers understand the importance of insurance in wealth preservation.

 Mr. Amit Palta, Chief Product and Distribution Officer at ICICI Prudential Life Insurance Company Limited welcomed the collaboration, stating “We are delighted to partner with Mirae Asset Sharekhan, whose expertise in financial services and distribution prowess will drive our shared vision of providing customers with financial security and peace of mind. Both partner organisations have been built on the ethos of ‘Customer First’ and delivering exceptional value and experience to customers. Technology solutions implemented have enabled us to remain at the forefront of innovation and aligns with our strategic goal of becoming the customer and distributor-friendly life insurer in India. Our innovative suite of products will enable Mirae Asset Sharekhan to provide well-rounded financial solutions to customers to address their protection, long-term savings and guaranteed retirement income needs. We believe distribution is key in making life insurance more accessible across the country and achieving the ‘Insurance for All’ goal.”

Vineet Arora, Chief Business Officer, Distribution, Data & Technology, HDFC Life commented, “We are happy to partner with Mirae Asset Sharekhan. As a country, India is largely underinsured. According to a Swiss Re report, India has a protection gap of 91%. Every individual, with responsibilities, endeavouring to fulfil their long-term goals, needs financial security. At HDFC Life, we are constantly innovating to design and offer life insurance solutions that are customer-centric and address various life stage needs. We have digital platforms that provide a superior end-to-end experience to customers – right from need analysis to claim settlement. We believe this partnership would enable Mirae Asset Sharekhan to take the unique proposition of life insurance – the dual benefits of protection and long-term savings – to customers, enabling achievement of long-term financial goals while ensuring financial security for their loved ones. Further, the strength of both partners would contribute towards achieving the collective goal of ‘Insurance for All by 2047’.”

Mirae Asset Sharekhan’s expansion into life insurance distribution reinforces its vision of being a financial solutions provider catering to varying needs in India’s financial services landscape. With a strong customer base of 31 lakh+ investors, the Company is uniquely positioned to offer integrated financial solutions that cater to a wide spectrum of wealth-building and protection needs. By combining investment expertise with risk-mitigation strategies, Mirae Asset Sharekhan is setting a new benchmark for how retail investors approach financial planning in India. This initiative is part of a broader strategy to expand financial literacy, enhance investor confidence, and ensure long-term financial well-being for its customers.

Zypp Electric to Expand Fleet with 100,000 EVs, Strengthens Ties with Indofast Energy

Zypp-Indofast

Gurugram, February 20, 2025: Zypp Electric, India’s leading tech-enabled EV-as-a-service platform, in partnership with Indofast Energy (A 50-50 joint venture between IndianOil and SUN Mobility), is set to revolutionize last-mile logistics with a major expansion plan. The company has announced its intent to deploy 100,000 electric two-wheelers (E2Ws) over the next 12-18 months. This landmark procurement builds upon the successful deployment of 10,000+ EVs by Zypp Electric with Indofast Energy’s battery-swapping infrastructure. With Indofast Energy’s extensive network, this expansion will ensure seamless operations and accelerate large-scale EV adoption across the target cities.

Zypp Electric has set an ambitious target of achieving 100% electrification by 2028, and this large-scale deployment is a step in that direction. The expanded fleet will help the company achieve a fivefold growth, scaling from 20,000 to 100,000 vehicles within the next 12 to 18 months and a further 500,000 vehicles in the following 36 to 48 months. This initiative will drive widespread EV adoption, ensuring seamless and sustainable last-mile logistics in India.

The new fleet of 100,000 E2Ws will be deployed across India’s top eight cities, including Delhi NCR, Mumbai, Bengaluru, Hyderabad, Pune, Lucknow & Jaipur enhancing efficiency for delivery partners and enterprises. With Indofast Energy’s cutting-edge battery-swapping network, riders gain unlimited range and near-zero downtime- a game changer in urban mobility. Its rapid 60-second battery swap eliminates long charging waits, keeping delivery partners and EV users on the move. In Delhi NCR and Bangalore, Indofast Energy has an extensive network of swap stations strategically placed every 1.5 km, ensuring seamless and hassle-free battery access. This dense coverage is a game-changer for delivery professionals, helping them maximize productivity and earnings while reducing operational stress.

As Zypp Electric and Indofast Energy gear up for this transformative phase, the companies remain steadfast in their combined vision of creating a cleaner, greener, and more efficient transportation ecosystem for the future.

Speaking on the announcement, Tushar Mehta, Co-founder & COO at Zypp Electric, said: “At Zypp Electric, we are committed to redefining last-mile logistics with sustainable and cost-effective EV solutions. This major expansion will not only solidify our market leadership in India but also propel us toward global markets in Southeast Asia, the Gulf, and Africa. Our strengthened collaboration with Indofast Energy will play a crucial role in ensuring seamless operations and accelerating EV adoption across key urban centers.”

Rajat Malhan, Senior Vice President, of Indofast Energy said, “As we strengthen our groundbreaking partnership with Zypp Electric, we’re not just expanding our fleet – we’re revolutionizing the fabric of urban mobility. The deployment of 100,000 battery-swappable EVs is a resounding testament to our unwavering commitment to electrify India’s logistics landscape. Together, we’re improving the lives of our delivery partners and helping create a cleaner, greener future.”

With a growing footprint in India’s urban mobility ecosystem, Zypp Electric is now looking to extend its reach beyond domestic borders. This move aligns with the company’s long-term vision of becoming a global leader in EV fleet services, catering to emerging demand in international markets.”

Indofast Energy too has a vision to serve over a million EV users and is expected to scale up to 10,000 battery-swapping stations across 50+ cities within the next three years. This expansion will provide a robust alternative to traditional charging, eliminating concerns related to battery cost, maintenance, replacement, and charging time.