All posts by Neel Achary

India, March 2, 2023: MediBuddy, India’s largest Digital Healthcare platform, has shared that men place higher importance on their health than women as per their data. This concerning trend prompted the launch of MediBuddy’s Women’s Day campaign, #HerHealthMatters, aimed at raising awareness and encouraging women to prioritize their health.

The objective of the #HerHealthMatters campaign is to draw attention to the significance of women’s health and encourage them to proactively manage their physical and mental well-being. The campaign’s video showcases men who lack awareness of the various symptoms experienced by women, such as hair loss, irritability, weight gain, or chronic fatigue. However, it also emphasizes that women themselves may be unaware of these symptoms.

MediBuddy’s data indicated that men accounted for 60% of the total health check-ups done by the digital healthcare platform, while only 40% of women consulted a doctor regarding their health. The #HerHealthMatters campaign seeks to address this gap and further encourage women to take charge of their health.

Commenting on the campaign, Saibal Biswas, Head of Marketing, Partnerships and PR at MediBuddy said, “Through the launch of our new campaign, #HerHealthMatters, our mission is to shed light on the critical issue of women’s health and inspire a movement of change. Our research indicates that women are not prioritizing their health as they should, which is a concerning trend. That’s why our campaign, regardless of gender, wants everyone to join us in raising awareness and promoting positive health habits for women. Together, let’s make #HerHealthMatters a powerful force for positive change. MediBuddy urges all women to take care of themselves first and all men to give the #giftofgoodhealth to the women in their lives.”

The #HerHealthMatters campaign is a timely reminder that women’s health matters and should be a priority for everyone. With its focus on empowering women to take control of their well-being, the campaign has the potential to make a real difference in the lives of millions of women across India. MediBuddy has curated special offers for women on doctor consultations and health check-ups for the entire month of March.

This campaign is conceptualized and produced by MediBuddy’s in-house creative team. The campaign video is titled #HerHealthMatters|Breaking Myths, Speaking Facts|Women’s Day Special|MediBuddy. The total duration of the video is 1 Minute 10 seconds and will be amplified across all social media platforms from March 1, 2023.

India,2nd March 2023: T-Hub, which leads India’s pioneering innovation ecosystem, has been chosen as the sole representative of India at the prestigious “City-Tech for a sustainable future” event in Japan on 27th and 28th February 2023. The event is the largest and most influential global platform for startups to showcase their innovations and technologies and create a sustainable society. T-Hub’s selection to represent India at this event provides Indian startups with a unique opportunity to gain global exposure and connect with potential partners, investors, and customers in the Japanese market.

Out of the 30 countries participating in the event, T-Hub has been selected to represent India at the delegation. After receiving around 70 applications from startups across India, T-Hub selected nine startups with proven business models and global use cases to represent India at the event. These startups, including Invenndt Insights, Graymatics, Flytta, ZenDevX, Landeed, Hala, Interview Desk, Coneio, and Statwig will showcase their innovative solutions at the event. T-Hub will facilitate a free showcase booth for the startups and play a pivotal role in facilitating investor, customer, and partnership discussions in Japan for the startups.

T-Hub’s CEO, Mahankali Srinivas Rao (MSR), stated that, “We are excited to represent India at the City Tech Tokyo event. Our participation in the City Tech Tokyo event provides a unique opportunity for Indian startups to connect with potential partners, investors, and customers in the Japanese market. We are proud to facilitate a platform for these 9 startups to explore collaborations and expand their footprint in Japan.”

The City-Tech Tokyo event is organized by influential business alliances and organizations such as Tokyo Metropolitan Government, Japan Business Federation, Japan Association of Corporate Executives, Japan Association of New Economy, Japan Venture Capital Association, and The Tokyo Chamber of Commerce and Industry.

The startups will be part of an extended program with TiE Japan and the Indian IT Association of Japan to explore the Japanese and Southeast Asian market. The event provides a unique opportunity for T-Hub to connect with global players and explore potential collaborations.

Yuma Saito, CEO & Partner at Deloitte Tohmatsu Venture Support Co. Ltd (Japan), expressed his satisfaction with the participation of T-Hub and the 9 selected startups at the City Tech Tokyo event. He stated, “The startups that T-Hub has arranged to showcase at the India pavilion are very promising, and we could not have asked for a better ambassador than T-Hub to represent India at the City-Tech event. We believe that T-Hub’s participation in the event will strengthen the relationship between India and Japan, and we look forward to continuing our collaboration in the future to further bridge the Indo-Japan corridor.”

The selection of nine promising startups as part of the delegation arranged by T-Hub is a testament to its commitment to supporting the growth of startups and fostering innovation in India. The event will provide the startups with a unique opportunity to explore the Japanese and Southeast Asian markets and connect with potential partners, investors, and customers.

With its strong ecosystem of partners, T-Hub has successfully impacted over 1800 startups through various programs and initiatives, connecting them with over 600 global and national corporate partners and providing 2000 mentor connects to help them scale. T-Hub’s participation in the City-Tech Tokyo event is a significant milestone in its mission to create a robust and sustainable startup ecosystem in India and beyond.

Gurugram, Sohna 2nd March 2023: United Way Delhi, a non-profit organisation, has conducted a three-day mental health awareness program for frontline workers in Village Sohna from 27th February to 1st March 2023. The training program was organised under the Mental Health Pilot Initiative for Women of Rural Community at the Civil Hospital in Sohna, from 10:00 am to 5:00 pm.

The program was facilitated by Dr. Sanjeev Kumar, MBBS, MS MCH GB Pant Hospital, and director of Global Mediclinic, with the support of many co-facilitators from Global Mediclinic and United Way Delhi. A total of 29 frontline workers from Village Sohna and 16 from United Way Delhi participated in the program.

Talking about the training program Sachin Gowalkar, CEO – United Way Delhi said, “The COVID-19 pandemic has brought to light the importance of mental health and wellbeing as a critical issue affecting societies worldwide. Despite the social stigma attached to the subject, mental health problems have worsened due to a lack of awareness, access to quality care and support groups, and early screening and specialised care services, especially in rural areas.”

Lauding the significant efforts of the government Gowalkar added – “The government has already taken steps to tackle these challenges, and the United Way of Delhi has launched the “Svasti” program in Sohna, Haryana to improve mental wellbeing for women and vulnerable groups in rural areas. The program aims to increase access to mental health services. A baseline has been established, and the first round of capacity building for 29 frontline workers (from February 27th to March 1st, 2023) has been completed with the support of the Health and WCD Department. The intervention aims to address sensitization and capacity gaps to enable early screening of the population. We are also assisting the District Administration in upgrading the resource centre for mental wellbeing at Civil Hospital, Sohna. There are several more interventions planned.”

The training program covered various topics, including understanding mental health and disorders, special focus on women, knowledge of National Mental Health Programme-DMHP, severe and common mental disorders, mental health first aid, positive mental health and mental wellbeing, and community-based system promotion.

The program aimed to equip frontline workers, including ANM, Asha Workers, and Anganwadi Workers, with the knowledge and skills required to identify and respond to mental health issues among rural communities effectively. The SMO from Civil Hospital joined the training program and expressed appreciation for the collaboration between United Way Delhi and Dr. Sanjeev Global Mediclinic. During the training, the SMO shared various examples of mental health patients and encouraged everyone to participate in this social cause. The participants also applauded the training and expressed their gratitude to United Way Delhi and Dr. Sanjeev Kumar for organising such a beneficial program.

02 March 2023, National: Industry veterans Sandeep Mishra, Saket Kumar and Abhishek Swaroop along with their technology partner Abhishek Swarup launched ETF Junction, India’s first Fintech platform dedicated to Exchange Traded Funds (ETFs). ETF Junction aims to create a complete ecosystem involving Mutual Funds, Investors, Advisors & Influencers/experts and help retail investors to expand their investment horizon to Exchange Traded Funds (ETFs).

Through the platform, investors can now access 9500+ Indian & International ETFs, more than 660 Global ETF Issuers, 165 Global Stock Exchanges and a 10 trillion USD Global AUM using industry-first tools. AI powers ETF Junction’s intelligent algorithm to bring new investors to the ETF ecosystem with relevant news, articles, and research; exclusive to requirements & preferences. The platform has signed up with Asset Management Companies to create awareness campaigns for educating investors on the benefits of ETFs. It addresses the underlying challenge of lack of infrastructure and awareness about Exchange Traded Funds (ETFs) beyond traditional Mutual Funds.

The platform intends to create an ETF-exclusive investment community where investors can share their investment thoughts and concerns, engage with peers and learn all about ETFs from experts and verified influencers. The ETF with its vast diversified offerings stands as a great investment avenue for both new -age as well as traditional investors.

Sandeep Mishra, Co-Founder of ETF Junction, said, “The ETF market in India is worth 5 lakh crores at the moment, compared to the approximately 40-42 lakh crore Mutual fund market. ETF Junction aims to educate the general public about how an ETF can offer lower operating costs than traditional open-end funds, flexible trading, and greater transparency.”

He adds, “ETFs have demonstrated an annual growth of 22% in the last 10 years in the international markets. Currently the global ETF market size is approx. 10 trillion USD and is expected to touch 20 trillion dollars by 2026. We foresee a similar trend in India within the next 3-5 years. ETF Junction aims to become a one-stop solution for everything ETF and gradually help approx. 3.5 crore MF retail investors and 10.8 cr demat account holders to expand their investment horizon to Exchange Traded Funds (ETFs). Currently, 30 lakh investors are investing in ETFs, our aim is to tap the first timer ETF investors, get in more folios from the mutual fund investors and gradually try for a pie from the stock investors. We are targeting to achieve at least 10% market share within 2 years.”

SEBI has introduced new guidelines to make the ecosystem viable for investors and foster more ETF transactions on exchanges. The regulation changes effectively addressed improving the liquidity, tracking error limits and limiting disclosures for exchange traded funds (ETFs) and index funds. Since the implementation of these regulations in May 2022, exchanges have witnessed a substantial increase in trading from retail investors. The primary bottleneck to the growth of the ETF industry in India remains the need for proper infrastructure and the absence of awareness amongst investors.

Chintan Haria, Head- Investment Strategy, ICICI Prudential Asset Management, said “India’s evaluation as a non-financial saving country to becoming a financial saving showcases the growth in investment avenues from insurance, fixed income sources. ETFs are the extension of opportunities for investors. New age solutions like ETF Junction are further helping for higher penetration and inching towards financial inclusion by educating and providing experts access to retail investors. With 20+ ETFs products launched in the last 2 years and increase in distribution along with regulators’ move enabling mutual funds to incentivise market makers has created a strong foundation for the equity market to grow at a greater height.”

During the last 5 years, passive funds AUM in India has increased from ₹52,368 crores on 31 March 2017 to Rs. 4,99,319 crores on 31 March 2022 (annualized growth rate of 57%). During this period, the number of passive funds available in India has also grown from 84 in March 2017 to 228 in March 2022.

In 2004, she along with her husband Ivan Castelino, set up In-Solutions Global (ISG) providing PaaS (Payments-as-a-Service) under the brand ‘Genius’ and has not looked back ever since. ISG is now an established fintech and regulatory solution provider in India, CEMEA and Africa, serving some of the largest issuers, acquirers, TPPs, card schemes and merchants under the supervision of a professionally managed Board of Directors.

Adelia has used her domain expertise and leadership skills to grow ISG into an enterprise-wide digital payments solution provider. Today, ISG is an RBI-approved/ licensed payment aggregator and provides mission-critical payment services to public, private, and cooperative banks, as well as, governments and education providers. She has created a global footprint, strategically partnering with world-leading networks and payment operators, with a competent focus on innovation and customer experience.

Adelia is an empowering mother of two fintech enthusiasts. An active member of her local community where she resides, she continues to inspire people both inside and outside the industry to think differently about payments.

Mumbai, 2nd March 2023: South West Pinnacle Exploration Limited (SWPEL), an Integrated Service Provider providing end-to-end Drilling & exploration of Natural resources announced that it has won a new contract from Odisha Mining Corporation (OMC), a Gold category state PSU.

The Company bagged a contract from OMC for diamond core drilling work at chromite ore leases in the state of Odisha. The contract, worth Rs. 13.57 cr, is expected to be completed by FY 2024 – 25.

This new contract further expands SWPE’s geographical reach across India, and expands the portfolio of minerals exploration.

Commenting on this development, Mr. Vikas Jain, Chairman & Managing Director said,

“I am glad to announce that we have recently won a new contract from Odisha Mining Corporation (OMC). We shall be conducting diamond core drilling work at chromite ore leases in the state of Odisha.

The contract is worth Rs. 13.57 cr and we expect to complete it by FY2024 -25. This further expands our geographical footprint across the country and our association with various State corporations in this industry.

Our diversified exploration and drilling capabilities allow us to provide such services for a wide range of minerals and ores.

I would like to thank the entire team of SWPE for their dedication and hard work, as well as our stakeholders, whose support helps us push the Company forward.”

Bengaluru 2nd March 2023: Tata Motors, India’s largest commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), country’s leading public sector bank to offer unique financing solutions for the purchase of the all-new Tata Ace EV – India’s most advanced, zero-emission, four-wheel commercial vehicle. Through this partnership, Tata Motors will leverage SBI’s strong network to make these solutions accessible to customers.

On the occasion, Mr Pravin Raghavendra– Deputy Managing Director (Retail – Agri, SME & FI), State Bank of India, said, “We are proud to partner with Tata Motors in an endeavour to offer attractive financing options for the Ace EV. We are confident that the new financing scheme will help individuals and MSMEs in purchasing the state-of-the-art, eco-friendly electric mini-truck.”

Commenting on this partnership, Mr. Rajesh Kaul, Vice President, Sales & Marketing, Commercial Vehicle Business, Tata Motors, said, “We are delighted to join hands with the largest bank in the country, the State Bank of India, to offer unique, seamless financing schemes for the Tata Ace EV customers. The MoU has further strengthened our aim to make Tata Ace EV more accessible to customers. We are confident that our collaboration will fast-track our efforts towards sustainable mobility and support the nation’s net-zero aspirations.”

The new Ace EV is co-developed with rich collaboration with its stakeholders, and has successfully completed stringent real-world market trials with its customers. Supported by a diligently curated ecosystem, the Ace EV comes with a holistic solution for hassle free e-cargo mobility and 5-year comprehensive maintenance package. The Ace EV’s supporting ecosystem includes development and deployment of charging infrastructure, setting up of dedicated Electric Vehicle Support Centres for maximum fleet uptime, deployment of Tata Fleet Edge – the next-gen optimal fleet management solution, support of Tata UniEVerse, the proven enabling eco-system of relevant Tata Group companies, and partnerships with the country’s leading financiers for availing funding.

(L-R) Jayesh Ranjan, Principal Secretary Principal Secretary, I&C and IT Departments, Govt. of Telangana; Kashyap Ivaturi, VP, Head of India R&D Center at CyberArk; Shri KT Rama Rao, Hon’ble Minister of MAUD, I & C and IT, Govt. of Telangana; Latha Sirigiri, Director HR, CyberArk; Ruth Shaked, Chief Human Resources Officer, CyberArk & Peretz Regev, Chief Product Officer, CyberArk; seen at the inauguration of CyberArk’s Hyderabad R&D centre at Gachibowli, today.

Hyderabad, 2nd March 2023 CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced further expansion of its worldwide research and development (R&D) resources with the opening of a new facility in Hyderabad. This location is CyberArk’s largest concentration of R&D resources outside of Israel and will be a key contributor to further accelerating the development and delivery of solutions focused on protecting organizations from cyberattacks that target identities and their access to high-value resources. Identity Security has emerged as a foundational component of Zero Trust strategies and is critical to supporting cyber-resilient enterprises.

“The opening of the R&D centre in India aligns with CyberArk’s vision to deliver the world’s most advanced Identity Security platform,” said Peretz Regev, chief product officer at CyberArk. “With attackers adopting more sophisticated methods, securing identities has become a crucial component of cybersecurity. Our new facility in Hyderabad supports our commitment to providing innovative identity-centric cybersecurity solutions for organizations globally.”

Shri KT Rama Rao, Hon’ble Minister, MAUD, I&C and IT; Government of Telangana; said, “I keep talking wherever I go about large American companies having their Center outside of USA in Hyderabad, for the first time we have an Israeli company, come out of Israel and set up a large center in Hyderabad. All of us in this room are heavily reliant on Technology and Communication, where the devices keep talking to each other, the day is not far, in your phones where your refrigerator is going to talk to your washing machine, which will talk to the Doctor in between and music player, will direct your wearable device, which will direct your car and you will be getting into your car, the car will drive itself and take you, might sound like a science fiction movie, but it’s not far, the reality is very close than what you would like to believe. So, when you are completely reliant on technology, data, machines, basically regarding your life, what happens is data becomes that much more valuable, security becomes that much more important, that’s where I think Cybersecurity’s importance needs to be thought of by the governments, institutions, private entities. It becomes that much more relevant and contextual. Cyber threats as was pointed out by experts, this mindless and meaningless war by Russia on Ukraine is one thing, the age where physical wars continuing to happen is passe. I think the real wars will actually happen in Cyber worlds, where your country’s infrastructure will be attacked and where nations will try and score over each other, institutions will try and score over each other in the cyberworld. A few years ago, I met with Ajay Banga, who has now been anointed as President of World Bank, but he was CEO of the Mastercard, he was telling me, on a good day Mastercard severs get attacked by hackers at least a fifty thousand times, on a bad day it can be ten or twenty times of that. So, you can imagine the kind of threat, the insecure world that we live in when it comes to ensuring digital safety. Therefore, as a Government in Telangana, we understood the importance of this subject of Cybersecurity, and we were the first state in the country to have come out with an exclusive cybersecurity policy. We also take immense pride in saying that Telangana now has more than two hundred and thirty plus technology companies across wide spectrum of domains, who all have their cybersecurity teams running from Hyderabad. Telangana government believes in partnerships and is associated with the Cyber security council of India and set up a Cyber security center of excellence in Hyderabad in 2018 to create a safe, secure and a trusted cyber space and to catalyze innovation, entrepreneurship and capability building in cyber security. We have been working with them on national and international collaborations to boost cybersecurity ecosystem. The Cyber security center of excellence conducts several programs including research, hackathons, capability developments and policy on cyber security and privacy. I request both Ruth and Peretz to connect us to the best minds in Israel to ensure Cyberabad becomes the cyber security capital of India. In fact, that would be our ambition to solve all the challenges faced by India and by extension solve the world’s problem and our youngsters here are very smart, most of them can provide solutions that can scale for the world. I request you to work with the Telangana Academy for Skill and Knowledge, TASK, to ensure we can provide a program. Today I am delighted that CyberArk new office has been inaugurated, I am thrilled also to see the growth of cyber security industry in the state and establishment of companies like CyberArk, I welcome them. I also would urge them to start looking at more Indianized solutions. I think each country has its own set of challenges, while Cybersecurity globally is a universal sort of phenomenon, each country, each region will have its own local set of challenges, so we need to also start understanding that state of the art solutions to protect against advanced cyber threats, prevent data breaches, they also vary from state to state, country to country, region to region, where we start looking for localized solutions. CyberArk expertise in protecting privileged accounts in data is critical in today’s data landscape and I believe that their solutions will play a significant role in ensuring the safety and security of businesses across the state of Telangana and across India as well. I would also like to commend CyberArk for their contribution to the local economy, their expansion of course will create new jobs and opportunities for the local community and their presence in Hyderabad will help us to establish the city as the hub for cyber security expertise.

In addition to product management and R&D teams, the facility also houses the company’s Centre of Excellence for Marketing, as well as functions such as professional services and technical support. There are currently about 200 employees at the facility, with plans to gradually increase headcount.

“The decision to locate our new facility in Hyderabad was strategic,” said Rohan Vaidya, regional sales director, India at CyberArk. “India is a growing market for CyberArk and, on a macro level, one of the fastest-developing economies in the world, with a vast pool of skilled resources. Our new facility in Hyderabad will allow us to further improve our response to and support for our customers and partners in India. It’s an investment for our global customer base and also part of our increased commitment to the market in India.”

Smaaash an immersive and interactive transit hub with a focus on sports provides cutting-edge games, engaging sports, and delectable fare. One lucky contestant won an iPhone at the Ludhiana, Pavilion, branch of the Smaaash, Super Star game. A unique vending machine called the Super Star Vending Game allows you to play for amusement and win incredible prizes.

Super Star is a game that can be played by people of all ages, making it a magnificent option for social groups and families looking for a fun time. It’s a wonderful way to have fun and win prizes at the same time. The opportunity to win incredible prizes, including the iPhone 13 Pro, and other thrilling prizes, makes this game more exciting.

“Smaaash is advancing and levelling up the gaming and entertainment industry. It is a family entertainment hub with the intersection of strength, action, and gaming. We are pleased to see that the nation’s youth investing time in both their cerebral and physical development. Our objective is to make the Smaaash a paradise for gamers,” said by the spokesperson.

India’s gaming industry relies heavily on antiquated creation and amusement methods. In order to satisfy consumer demands, the gaming industry is improving its facilities and customer service standards. Today’s consumers are informed about the level of entertainment they want. Smaaash is a lavish game zone that combines hospitality and entertainment.

SMAAASH Entertainment Pvt Ltd

Launched in 2012, SMAAASH is one of India’s acclaimed gaming and entertainment centers that blends sports, virtual reality, music and dining into an immersive, evolved, interactive and innovative social experience for family, friends and children alike. Helmed by its creative ideator, Shripal Morakhia, SMAAASH is renowned in the field of sports simulation technology and proprietary gamification technologies such as a unique twilight bowling zone, motor racing and bike racing simulators and go-karting tracks (in Mumbai & Pune). Being a virtual reality-led entertainment gaming center – vastly credited to its in-house research and production capabilities, head-mounted displays are used to produce games such as Walk the Plank, Finger Coaster, Cockpit 360, etc.

SMAAASH implores the child in you to joyously revel in an unmatched range of activities ranging from highly interactive sports simulators to many more thrilling and recreational attractions. Redefining sports entertainment and customer engagement with ground-breaking entertainment ideas and novel dining concepts, SMAAASH has something for everyone, anyone of any age making it a perfect destination for “kids” of all ages. With its current presence in large metros and mini-metros like Mumbai, Pune, Delhi NCR, Gurgaon, Noida, Chandigarh, Ludhiana, Jalandhar, Hyderabad, Bhubaneswar, Jaipur, Raipur, Gwalior, Vijayawada, Madurai, Mangalore, Kanpur; many more upcoming properties across Pan India. SMAAASH is also touted as one of India’s entertainment powerhouses present in 21 cities with 30 centers in total.

Chennai /Mumbai, March 02, 2023: Premium EV motorcycle Startup Raptee has announced the appointment of Mr Jayapradeep V as the Chief Business Officer. JP, who comes with over 25 years of experience, has worked with Royal Enfield for 15 years as their Business Head for India and Saarc region. JP has been credited with leading Royal Enfield’s premium distribution and commanding a market share of over 25% in the 150+ CC segment in India.

At Raptee, JP’s focus would be on establishing the brand as a premium motorcycle across the 2W category. JP will also be focusing on designing and delivering the customer experience for an effortless ownership, strategize and execute pan India and international network. He will also be providing strategic support to the overall organisational development.

Commenting on JP’s appointment, Dinesh Arjun, Founder, CEO, Raptee, says, “JP joins Raptee just as we reach a critical inflection point. We are transitioning from being a small technology outfit to an OEM. We intend to build a brand that does justice to the state-of-the-art tech that the team at Raptee has built over the last three years. I believe JP brings the experience of building an excellent motorcycle brand and the understanding of how crucial it is to accomplish so while being frugal and lean. Moreover, with senior leadership, cultural fit is extremely important, and his MO of being very hands-on and working at ground zero is very much in line with how we work at Raptee. We’re super thrilled to have him on board, and I’m personally looking forward to building Raptee alongside him.”

The Company aims to offer its customers a premium experience with their cutting-edge technology products and passionate people to make mobility effortless, smart and safe. JP, a well-respected and domain expert in the automotive industry is the right fit to empower Raptee to build themselves as a premium brand in the emerging EV market. JP has led several strategic initiatives at Royal Enfield and he was instrumental in developing the Network expansion strategy. He led a sizable portion of RE’s dealer expansion drive, including the Studio format expansion. This first-of-its-kind industry project was regarded as a successful RE initiative for boosting market share in India’s remote rural areas. During the time of RE’s significant transition, he was in charge of the Brand Retail Identity implementation and customer experience automation projects. JP played a crucial role in developing the structured Retail finance tie-ups and offerings for consumers partnering with all the major banks and NBFCs. Under his leadership, RE achieved the highest-ever monthly sales in October 2022 and a growth of 63% till November 2022 and improved the market share to 6.7% from 4.9%.

Commenting on his appointment, Jayapradeep, Chief Business Officer, Raptee, says, “India being the major player in the Global auto industry, the Indian 2-wheeler segment has to lead the transformation to the EV segment to create a global impact. While the EV penetration in the scooter segment has crossed 10% and is growing, the EV penetration in the Motorcycle segment, which is almost 2 times of the scooter segment, is yet to see any traction, with not many players in the segment. This brings Raptee an opportunity to be the leader in the EV transformation by offering technologically advanced motorcycles with first-of-its-kind features in E2W and helping consumers upgrade from their ICE to EV effortlessly. I am really happy to be working with a very young team at Raptee, designing and developing motorcycles for the young generation consumers.”

Raptee is slated to unveil its range of revolutionary electric motorcycles by the end of this year. The company plans to set up its first plant near Chennai. The team has designed a state of the art motorcycle that comes with no fuss, no part replacement, and low maintenance. An independently designed vehicle meant to stay in shape for times to come so you can sit back, unwind and let the motorcycle take care of itself. The premium bikes will be built to be intuitive and intelligent, with features like throttle mapping, blind-spot detection, and Bluetooth connectivity to keep you safe and sound at all times.